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

40060 Milkwood Lane
Murrieta, California 92562
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40060 Milkwood Lane Subject | $742,000* List Price | 4 | 3 | 2,160 | $354 | - |
A 40143 Corte Lorca Sold | $525,000 | 3 | 3 | 2,161 | $243 | 0.8 mi |
B 25213 Via Las Lomas Sold | $660,000 | 4 | 3 | 2,012 | $328 | 0.6 mi |
C 24493 New Haven Drive Sold | $584,000 | 3 | 3 | 1,827 | $320 | 0.3 mi |
D 24515 Westhaven Court Sold | $610,000 | 4 | 3 | 2,007 | $304 | 0.3 mi |
E 40236 Via Sonoro Sold | $715,000 | 4 | 3 | 2,424 | $295 | 0.2 mi |
F 39897 Verono Corte Active | $569,000 List Price | 4 | 3 | 1,778 | $320 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 While the primary and second full bathrooms show signs of being outdated with older vanities, fixtures, and tile work (e.g., gold-framed shower), they are functional.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
Rail Ranch Elementary School
Grades K-5 • 1.0 mi
E. Hale Curran Elementary School
Grades K-5 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,160 | 2,447 | 40% |
| Lot Size | 5,227 | 7,840 | 21% |
| Price | $742.0K | $715.0K | 55% |
| Price per sq ft | $344 | $316 | 60% |
| Built year | 1989 | 1997 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 183 | 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





















