40145 Colony, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 3 bath
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Murrieta, California 92562
This 55+ Gated Community Residence is a Strong Value Opportunity, listed at $639,000—positioned slightly above the $628,543 Fair Market Value. While the home maintains a Condition Rating of 4, it offers a functional, move-in ready layout featuring Dual Primary Suites and a Private Zen-like Backyard with a waterfall. Located in the Murrieta School District, this property provides a stable, low-maintenance lifestyle for retirees. It is an ideal acquisition for Downsizing Retirees or Owner-Occupants seeking a peaceful, amenity-rich environment in a premier community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40145 Colony Subject | $639,000* List Price | 3 | 3 | 1,921 | $327 | - |
A 39996 Via Tiama Sold | $621,900 | 3 | 2 | 1,853 | $336 | 0.3 mi |
B 40146 Colony Drive Sold | $610,000 | 3 | 3 | 1,921 | $318 | 0.0 mi |
C 23785 Corte Carrio Sold | $587,000 | 3 | 2 | 1,853 | $317 | 0.3 mi |
D 23832 Matador Way Sold | $700,000 | 4 | 3 | 1,783 | $393 | 0.4 mi |
E 40136 Belvedere Court Sold | $744,000 | 4 | 3 | 2,066 | $360 | 0.4 mi |
F 24058 Verdun Sold | $635,000 | 3 | 2 | 1,548 | $410 | 0.7 mi |
G 23646 Silkwood Court Active | $749,000 List Price | 4 | 3 | 2,052 | $365 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (26 years old), the home is exceptionally well-maintained but remains largely in its original state. The oak cabinetry, tile countertops, and flooring are dated and exceed the 20-year threshold for a 'Good' rating without a significant renovation. While functional and move-in ready, it requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1921.
The floor plan is exceptionally functional for a 55+ community, featuring two spacious primary suites and a third bedroom with its own shower, ideal for guests or multi-generational living.
The oversized lot includes a private courtyard and a backyard retreat with a full-length patio cover and a tranquil waterfall feature, offering a high-end, low-maintenance 'Zen' atmosphere.
As part of a 55+ gated community, the potential buyer pool is limited to a specific age demographic, which can impact the speed of resale compared to non-restricted neighborhoods.
The monthly association fee of $356 represents a significant ongoing expense that may affect the overall affordability and budget for retirees on a fixed income.
Welcome to the "The Colony" One of Murrieta's premier 55+ gated community. This beautiful 3 bedroom, 2 bath home features two spacious primary suites and thoughtfully designed open floor plan. As you enter through the charming private courtyard, you're welcomed into a bright open living and dining area complete with a cozy fireplace, built-in wall unit, plantation shutters, and remote-controlled shade for the windows. The kitchen offers a lovely view window over the sink, instant hot water faucet for instant hot tea and abundance of cabinetry. Plantation shutters continue throughout the home, adding both style and privacy. The main primary suite is generously sized and features sliding glass doors with direct backyard access, dual sinks, a separate soaking tub and shower and a large walk-in-closet. The secondary suite includes its own private shower, making it idea guests or multi-generational living. Step outside to your own private retreat. The oversized backyard features a beautiful, but yet low maintenance garden, full length patio cover providing plenty of shade, along with a tranquil waterfall feature that creates a peaceful, Zen-like atmosphere-perfect for relaxing or entertaining.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,921 | 2,253 | 33% |
| Lot Size | 7,841 | 7,405 | 52% |
| Price | $639.0K | $700.0K | 34% |
| Price per sq ft | $333 | $326 | 54% |
| Built year | 1998 | 1997 | 51% |
| HOA | $356.0 | $0 | 95% |
| Days on market | 16 | 152 | 2% |
May 21, 2026
$639,000
Initial Listing
Sep 14, 2007
$440,000
Public Record
Oct 27, 1998
$196,000
Public Record