39351 Memory Drive, Murrieta, California 92563, Murrieta, 92563 - 4 bed, 3 bath

39351 Memory Drive, Murrieta, California 92563 home-pic-0

39351 Memory Drive

Murrieta, California 92563

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,470Sq Ft
5,663Lot Size

Property Price

LIST PRICE$698,998
EST. MARKET VALUE
$665,219
4% AboveMARKET VALUE

SUMMARY

Analysis of 39351 Memory Drive, Murrieta, California 92563 reveals a property with a current list price of $698,998, which is 4% above the estimated $665,219 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Murrieta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$665,219
Based on Realkey algorithm analyzing recent comparable sales in Murrieta.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
39351 Memory Drive
Subject
$698,998*
List Price
432,470$269-
A
30451 Mendocino Way
Sold
$641,000432,584$2480.5 mi
B
38337 Augusta
Sold
$806,500432,328$3460.9 mi
C
27478 Sierra Madre Drive
Sold
$750,000432,608$2880.7 mi
D
39323 Corte Alisos
Sold
$730,000432,729$2670.5 mi
E
39355 Calistoga Drive
Sold
$700,000432,022$3460.5 mi
F
39304 Memory Drive
Pending
$660,000
List Price
432,109$3130.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 2001, this home is well-maintained and move-in ready, but the kitchen and bathrooms show signs of being outdated. The kitchen features traditional light wood cabinets and white tile countertops, which are functional but not aligned with current modern styles. Similarly, the bathrooms have matching traditional wood vanities and basic fixtures. While the stainless steel appliances are a positive update, the overall aesthetic of these key areas would likely require minor updates for a buyer seeking a contemporary look. The flooring is a mix of tile (some of which appears dated) and laminate wood, both in good condition. The property is aged but maintained, fitting the 'Fair' category where major components are functional but show signs of being outdated.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    High School: Chaparral High School (9/10).

  • Prime Location & School District

    Nestled in the highly sought-after Temecula School District, on a peaceful cul-de-sac, and minutes from top-rated schools, award-winning wineries, Old Town restaurants, and major roadways.

  • Flexible & Functional Floor Plan

    Features four spacious bedrooms (including a convenient downstairs bedroom), two and a half bathrooms, and a large open loft, offering versatility for various family needs or a dedicated home office.

CONSRISKS & DEFICIENCIES

  • Recent Price Reduction

    The property has undergone a recent price reduction from $715,000 to $698,998, which may indicate a longer time on market or a need to attract more buyer interest.

  • Lack of Explicit Central Air Conditioning

    While ceiling fans are mentioned, the description does not explicitly state the presence of a central air conditioning system, which could be a significant comfort consideration for buyers in Murrieta's climate.

  • Potential for Dated Systems/Finishes

    Built in 2001, some major systems (e.g., HVAC, water heater, roof) or certain interior finishes might be original and approaching the end of their typical lifespan, potentially requiring future investment for updates or replacement.

About 39351 Memory Drive

Nestled in the highly sought-after Temecula School District and tucked away on a peaceful cul-de-sac, this delightful home offers the perfect balance of modern comfort, timeless charm, and family-friendly design. Featuring four spacious bedrooms (including one downstairs), two and a half bathrooms, and a large open loft, this home offers flexibility for growing families, guests, or a dedicated home office. From the moment you walk in, vaulted ceilings, natural light, and a welcoming sense of space set the tone for the entire home. The chef-inspired kitchen is the heart of the home, showcasing a large center island, walk-in pantry, stainless steel appliances, and ample counter and cabinet space. The open-concept layout flows effortlessly into the formal dining and living rooms—ideal for hosting holiday dinners or weekend get-togethers. For cozy nights in, retreat to the inviting family room where a warm fireplace creates the perfect atmosphere for movie nights or quiet evenings with loved ones. Upstairs, the primary suite feels like a private sanctuary with its expansive walk-in closet and spa-style ensuite featuring a deep soaking tub, separate shower, and dual vanities—an ideal space to unwind after a long day. Step outside to your tranquil backyard escape with low-maintenance landscaping and a generous stamped-concrete patio perfect for morning coffee, barbecues, or evening gatherings under the stars. With no rear neighbors, you’ll enjoy added peace and privacy year-round. Additional highlights include a two-car garage, tile flooring, ceiling fans throughout, low taxes, and absolutely no HOA fees. Conveniently located just minutes from top-rated schools, Temecula’s award-winning wineries, Old Town restaurants, and major roadways, this home combines comfort, convenience, and California living at its best.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2001
Lot Size
5,663 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Murrieta Unified Schools

Nicolas Valley Elementary School

Grades K-5 • 0.7 mi

8/10

James L. Day Middle School

Grades 6-8 • 1.6 mi

7/10

Chaparral High School

Grades 9-12 • 0.9 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,4702,541
48%
Lot Size5,6636,970
30%
Price$699.0K$695.0K
51%
Price per sq ft$283$287
48%
Built year20012004
31%
HOA$0$0
50%
Days on market143169
34%

Pricing History

Listed for Sale

Oct 29, 2025

$698,998

$715,000

-2% Price Drop

Initial Listing

Price Change

Oct 15, 2025

$715,000

Initial Listing

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