
Murrieta, California 92563
This Versatile Condominium represents a Strong Value Opportunity, listed at $520,000—positioned well above the $484,612 Fair Market Value by -7%. While priced at a premium, the home features a Fair Condition Rating with original builder-grade finishes, offering significant potential for cosmetic modernization. Located in the gated Villas at Old School House, it provides access to Top-Rated Schools like Alamos Elementary and Chaparral High. This property is an ideal acquisition for Owner-Occupants seeking a flexible floorplan or first-time buyers prioritizing community security and location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39951 Millbrook Way B Subject | $510,000* List Price | 3 | 3 | 1,654 | $290 | - |
A 39678 Columbia Union Sold | $520,000 | 3 | 2 | 1,532 | $339 | 0.3 mi |
B 26409 Arboretum Way 2506 Sold | $395,000 | 2 | 2 | 1,031 | $383 | 0.9 mi |
C 26391 Arboretum Way 1505 Sold | $435,000 | 2 | 2 | 1,213 | $359 | 0.9 mi |
D 26092 Mayfield Union B Active | $512,500 List Price | 3 | 2 | 1,654 | $310 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2002, making it 22 years old. While the home appears very well-maintained and move-in ready, the kitchen and bathrooms feature original builder-grade finishes, including dated tile countertops and cabinetry. Per the criteria, homes over 20 years old with original features are classified as fair due to the need for modern updates.
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
The home features a highly versatile layout with a main-level bonus room and an upstairs loft, providing ideal spaces for a home office, fitness area, or guest accommodations.
Situated in the desirable Villas at Old School House, the property offers security and exceptional convenience, located just across from Murrieta Hot Springs Resort with easy access to the 15 and 215 freeways.
The $307 monthly association fee represents a significant recurring expense that buyers must factor into their monthly budget and debt-to-income ratios.
As a condominium, the property involves shared walls and community-governed restrictions, which may offer less privacy and autonomy compared to a detached single-family home.
Welcome to this inviting two-story home located in the highly desirable gated community of The Villas at Old School House, offering comfort, versatility, and an exceptional location close to shopping, dining, parks, and commuter access. Designed with both functionality and everyday living in mind, this home features a bright and spacious living room filled with natural light and centered around a cozy fireplace, creating a warm and welcoming atmosphere. The well-designed kitchen offers abundant cabinetry and workspace, making meal preparation and entertaining easy and enjoyable. One of the standout features of the home is the flexible layout, including a bonus space on the main level ideal for a home office, playroom, fitness area, or hobby room. Upstairs, an additional versatile loft or office space provides even more options for today’s lifestyle needs. The spacious primary suite offers a relaxing retreat with plenty of room to unwind, while two additional bedrooms provide comfortable accommodations for family or guests. Go outside to the private backyard patio—perfect for outdoor dining, entertaining, summer barbecues, or cozy evenings gathered around a fire pit. Main level laundry room off of the kitchen and direct access 2-car garage. Ideally situated just across from Murrieta Hot Springs Resort and close distance to parks and lakes, this home also offers convenient access to both the 15 and 215 freeways, making commuting simple while still enjoying a peaceful community setting. With its gated location, flexible floorplan, and unbeatable convenience, this home is a wonderful opportunity in one of Murrieta’s most sought-after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 51% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,654 | 1,460 | 80% |
| Lot Size | - | - | 50% |
| Price | $510.0K | $495.0K | 58% |
| Price per sq ft | $308 | $339 | 24% |
| Built year | 2002 | 2012 | 14% |
| HOA | $307.0 | $340 | 42% |
| Days on market | 29 | 151 | 3% |
Jun 9, 2026
$510,000
$520,000
-2% Price Drop
Initial Listing
May 15, 2026
$520,000
Initial Listing
Dec 26, 2023
$479,000
Public Record
Jan 17, 2020
$335,000
Public Record
Aug 11, 2008
$190,000
Public Record
Jul 16, 2004
$335,000
Public Record