40060 Milkwood Lane, Murrieta, California 92562, Murrieta, 92562 - 4 bed, 3 bath

40060 Milkwood Lane, Murrieta, California 92562 home-pic-0

40060 Milkwood Lane

Murrieta, California 92562

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,160Sq Ft
5,227Lot Size

Property Price

LIST PRICE$742,000
EST. MARKET VALUE
$763,683

SUMMARY

Analysis of 40060 Milkwood Lane, Murrieta, California 92562 reveals a Fairly Priced Property with a current list price of $742,000  aligned with the estimated $763,683 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$763,683
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
40060 Milkwood Lane
Subject
$742,000*
List Price
432,160$354-
A
40143 Corte Lorca
Sold
$525,000332,161$2430.8 mi
B
25213 Via Las Lomas
Sold
$660,000432,012$3280.6 mi
C
24493 New Haven Drive
Sold
$584,000331,827$3200.3 mi
D
24515 Westhaven Court
Sold
$610,000432,007$3040.3 mi
E
40236 Via Sonoro
Sold
$715,000432,424$2950.2 mi
F
39897 Verono Corte
Active
$569,000
List Price
431,778$3200.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 1989, this home is move-in ready with significant updates to key areas. The kitchen features modern white shaker cabinets, granite countertops, a contemporary mosaic backsplash, recessed lighting, and stainless steel appliances, indicating a recent renovation. The half bathroom also boasts a modern vanity, fixtures, and lighting. Main living areas have updated wood-look tile flooring. While the primary and second full bathrooms show signs of being outdated with older vanities, fixtures, and tile work (e.g., gold-framed shower), they are functional. The property is well-maintained, including the exterior and pool area, and major systems like HVAC are functional. The partial modernization, particularly the kitchen, elevates it beyond 'Fair' despite the age and dated full bathrooms, aligning with the 'Good' criteria of being move-in ready with some updated components within the last 5-15 years.

PROSSTRENGTHS & OPPORTUNITIES

  • Desirable Location & Connectivity

    Situated in a highly sought-after Murrieta neighborhood with excellent proximity to top-rated schools, shopping, dining, parks, and major freeways (I-15 & I-215).

  • Private Backyard Oasis

    Features a sparkling in-ground pool, covered patio, and low-maintenance landscaping, creating an ideal space for relaxation and entertaining year-round.

  • Financial Advantages

    Benefits from no HOA fees and low property taxes, significantly enhancing its long-term value and affordability for homeowners.

CONSRISKS & DEFICIENCIES

  • Property Age

    Built in 1989, the home, despite some updates, may have original systems or components (e.g., roof, windows, other bathrooms) that could require future maintenance or replacement.

  • All Bedrooms Upstairs

    All bedrooms are located on the second floor, which might not suit buyers seeking a downstairs bedroom for accessibility, guest accommodation, or a dedicated ground-level office.

  • Partial Modernization

    While the kitchen is updated, the description does not detail comprehensive modernization throughout the entire home, suggesting other areas might still reflect its original build era and could benefit from further aesthetic upgrades.

About 40060 Milkwood Lane

Welcome to this stunning two-story pool home nestled in a highly desirable Murrieta neighborhood, where comfort, style, and functionality come together seamlessly. Attractive curb appeal and well-maintained landscaping create a welcoming first impression from the moment you arrive. Inside, the home offers a bright and open floor plan designed for both everyday living and entertaining. The spacious kitchen serves as the heart of the home, featuring granite countertops, ample cabinetry, recessed lighting, and a seamless flow into the family room. The family room is warm and inviting, highlighted by a cozy fireplace and abundant natural light. All bedrooms are conveniently located upstairs, providing privacy and separation from the main living areas. The expansive primary suite offers a peaceful retreat with a generous layout, dual sinks, a walk-in shower, and a large walk-in closet. The additional upstairs bedrooms are well-sized and share easy access to the remaining full bathroom. Step outside to a private backyard oasis featuring a sparkling in-ground pool, covered patio, and low-maintenance landscaping—ideal for relaxing, entertaining, or enjoying Murrieta’s beautiful weather year-round. Additional highlights include central heating and air conditioning, tile flooring in high-traffic areas, and a two-car attached garage. Ideally located near top-rated schools, shopping, dining, parks, and with convenient access to both the 215 and 15 freeways, this home offers the perfect blend of comfort and convenience. With no HOA and low taxes, this property delivers exceptional value and an outstanding lifestyle opportunity in one of Murrieta’s most sought-after communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1989
Lot Size
5,227 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

Avaxat Elementary School

Grades K-5 • 0.5 mi

6/10

Rail Ranch Elementary School

Grades K-5 • 1.0 mi

8/10

E. Hale Curran Elementary School

Grades K-5 • 1.5 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,1602,447
40%
Lot Size5,2277,840
21%
Price$742.0K$715.0K
55%
Price per sq ft$344$316
60%
Built year19891997
29%
HOA$0$0
50%
Days on market79183
8%

Pricing History

Listed for Sale

Dec 18, 2025

$742,000

Initial Listing

Sold

Oct 31, 2023

$685,000

Public Record

Sold

Mar 3, 2015

$335,000

Public Record

Sold

Oct 1, 2010

$252,500

Public Record

Sold

Mar 20, 2002

$219,000

Public Record

Sold

Mar 31, 1998

$144,000

Public Record

Browse Properties by State Browse housing market trends by state