39622 Cedarwood Dr, Murrieta, California 92563, Murrieta, 92563 - 4 bed, 2 bath
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Murrieta, California 92563
This Single-Story Value-Add Residence is listed at $630,000, offering a strategic entry point into the established Alta Murrieta community. With a Fair Market Value of $568,321, the list price accounts for premium assets including fully paid solar, a 3-car garage, and an expansive 11,326 sqft lot. The property holds a Condition Score of 4, featuring well-maintained but original 1988 finishes that present a clear opportunity for forced appreciation. Located steps from the 9/10 rated Alta Murrieta Elementary, this home is ideal for Owner-Occupants or first-time buyers seeking lifestyle stability and no HOA fees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39622 Cedarwood Dr Subject | $630,000* List Price | 4 | 2 | 1,685 | $337 | - |
A 39680 Rowan Court Sold | $615,000 | 4 | 2 | 1,493 | $412 | 0.6 mi |
B 39643 Cedarwood Drive Sold | $625,000 | 4 | 3 | 2,162 | $289 | 0.1 mi |
C 39545 Via Dominique Sold | $720,000 | 4 | 3 | 2,318 | $311 | 0.2 mi |
D 39625 Ranchwood Drive Sold | $665,000 | 5 | 3 | 2,310 | $288 | 0.5 mi |
E 39672 Maple Leaf Court Sold | $750,000 | 4 | 3 | 2,162 | $347 | 0.1 mi |
F 39555 Glenwood Court Active | $599,000 List Price | 4 | 2 | 1,710 | $350 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is well-maintained but largely features original finishes that are now outdated. The kitchen retains 1980s-style tile countertops, cabinetry, and a fluorescent light box, while the living areas show a mix of newer laminate flooring and older, stained carpeting. While the home is functional and includes modern upgrades like paid solar, the overall aesthetic and fixtures require cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1685.
Elementary School: Alta Murrieta Elementary School (9/10). High School: Chaparral High School (9/10).
The property features fully paid solar panels, no HOA fees, and a very low tax rate, offering significant monthly savings and a lower cost of ownership compared to neighboring communities.
The description suggests the home is a 'great starting point' for a 'personal touch,' indicating that the 1988 interior likely requires cosmetic updates and renovations to meet modern aesthetic standards.
As a 1988 build, the property may face upcoming capital expenditures for aging major systems, such as the roof or HVAC, which are common considerations for homes of this era.
Welcome to 39622 Cedarwood Dr in the quiet Alta Murrieta community. This single-story home offers 4 bedrooms, 2 bathrooms, and a 3-car garage on a large lot of over 11,000 square feet. With paid solar, no HOA, and very low taxes, this property offers comfort, space, and strong everyday value. Inside, you will find a functional layout with room to live, work, gather, and grow. The floor plan gives you a great starting point and the chance to shape the home to fit your needs and style over time. The spacious backyard offers plenty of room for play, gardening, outdoor dining, relaxing, or creating the kind of outdoor space you have been dreaming about. Whether you need extra room for kids, pets, hobbies, or weekend get-togethers, this lot gives you options. This home is ready for your personal touch and a great chance to make it your own. Enjoy being close to excellent schools, shopping, freeways, and Murrieta’s well-known wineries, all while living in an established neighborhood with a calm and welcoming feel. This is a rare chance to own a well-located home with space, savings, and lasting potential in one of Murrieta’s most loved communities.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 18% |
| Square foot | 1,685 | 2,517 | 8% |
| Lot Size | 11,326 | 6,970 | 94% |
| Price | $630.0K | $700.0K | 18% |
| Price per sq ft | $374 | $289 | 92% |
| Built year | 1988 | 2003 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 180 | 1% |
Apr 2, 2026
$630,000
Initial Listing