40146 Colony Drive, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 3 bath
40146 Colony Drive
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 40146 Colony Drive, Murrieta, California 92562 reveals a Fairly Priced Property with a current list price of $635,000 aligned with the estimated $635,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 40146 Colony Drive Subject | $635,000* List Price | 3 | 3 | 1,921 | $331 | - |
A 23832 Matador Way Sold | $700,000 | 4 | 3 | 1,783 | $393 | 0.4 mi |
B 40723 Mountain Pride Sold | $595,000 | 3 | 3 | 1,826 | $326 | 0.4 mi |
C 40130 Colony Drive Sold | $599,000 | 3 | 2 | 1,764 | $340 | 0.1 mi |
D 40918 Bouvier Court Sold | $669,500 | 4 | 2 | 2,274 | $294 | 0.8 mi |
E 40503 Calle Lampara Sold | $540,000 | 3 | 3 | 1,912 | $282 | 0.3 mi |
F 39946 Via Graziana Sold | $585,000 | 3 | 2 | 2,100 | $279 | 0.7 mi |
G 23785 Corte Carrio Pending | $594,999 List Price | 3 | 2 | 1,853 | $321 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1998, this 27-year-old home falls within the 'fair' age bracket. While it is move-in ready with 'sparkling' fresh paint, updated laminate flooring, and a partially renovated primary bathroom (marble composite shower), it lacks the full-scale recent renovation required for a higher score. The kitchen retains original cabinetry despite stainless steel appliance upgrades, and the overall architectural style and systems reflect its late-90s construction.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Resort-Style Outdoor Living
The property features a rare private pool and spa on a large premium lot with panoramic views of the golf course and mountains, offering a 'personal resort' experience.
- Dual Primary Suites
The floor plan is highly functional and unique, boasting two full primary bedroom suites with walk-in closets and en-suite baths, ideal for guests or multi-generational living.
CONSRISKS & DEFICIENCIES
- Age-Restricted Demographic
As a 55+ senior living community, the property is restricted to a specific age group, which significantly limits the potential pool of buyers compared to standard residential areas.
- Original 1990s Elements
Despite fresh paint and some upgrades, certain areas like the kitchen cabinetry and overall layout reflect the original 1998 construction, which may feel dated to modern buyers.
About 40146 Colony Drive
YOUR OWN PERSONAL RESORT with a large PRIVATE POOL, SPA & MAGNIFICENT VIEW OVER THE GOLF COURSE to the MOUNTAINS. This beautiful single-story home on a LARGE PREMIUM LOT is ideal for family gatherings with a SPACIOUS COVERED PATIO, sloped easy-entry pool + a spa with directional jets for relaxing. **2 PRIMARY BEDROOM SUITES.** This lovely home sparkles with FRESH INTERIOR PAINT and laminate & tile flooring. The living area is light & airy with vaulted ceilings & lots of natural light. Kitchen has a double oven & stainless-steel cooktop, dishwasher & refrigerator and there is a casual dining nook. The primary retreat offers plenty of space for your bedroom plus a sitting area. Primary bath is UPGRADED with easy-care MARBLE COMPOSITE SHOWER, RIMLESS GLASS DOORS, soaking tub, dual sinks and a large walk-in closet with custom built-ins by Closet World. Bedroom 2 could be a SECOND PRIMARY BEDROOM boasting a walk-in closet with shelving & storage + an en-suite bath. Bedroom 3 is used as an office with a built-in desk, storage and file drawers by Closet World. There is a convenient half bath for guests and an indoor laundry room with a sink and storage. The exterior is so inviting with a private entry courtyard, concrete walkways on both sides & lots of brick-lined planters. You will love the energy efficiency of QUIET COOL FANS in 4 areas with individual controls to cool the home & the attic. Your garage has room for 2 cars + a golf cart or work area with built-in storage, finished floor and attic ladder. This spectacular home is centrally located on beautiful Colony Drive, nestled in The Colony, a vibrant 55+ GATED COMMUNITY. This stunning residence grants access to a RESORT STYLE CLUBHOUSE with an array of amenities for an unparalleled lifestyle. You will love the year-round community pool, 2 spas, lighted pickle ball/paddle tennis & tennis courts. You can enjoy the gym, library, ping pong, billiards, hair/nail salon. There are groups & activities for all interests with an auditorium for shows, dances, banquets, concerts, movies, bingo & parties for all occasions. A privately owned 18-hole golf course is inside the gate. The HOA waters & maintains all front landscaping. Guard gated entry and 24-hour security patrol give you peace of mind. In the safe city of Murrieta, you are close to stores, restaurants, medical, casinos and wineries. Enjoy the friendly neighbors and sense of community for TRUE RESORT STYLE SENIOR LIVING in The Colony.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $348.0 / Month
Neighborhood Insights
Murrieta Unified Schools
E. Hale Curran Elementary School
Grades K-5 • 0.5 mi
Tovashal Elementary School
Grades K-5 • 0.8 mi
Avaxat Elementary School
Grades K-5 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 38% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,921 | 2,447 | 29% |
| Lot Size | 7,841 | 7,840 | 51% |
| Price | $635.0K | $715.0K | 29% |
| Price per sq ft | $331 | $316 | 57% |
| Built year | 1998 | 1997 | 51% |
| HOA | $348.0 | $0 | 86% |
| Days on market | 126 | 183 | 19% |
Pricing History
Listed for Sale
Feb 25, 2026
$635,000
$649,900
-2% Price Drop
Initial Listing
Price Change
Nov 1, 2025
$649,900
Initial Listing
Sold
Sep 18, 2014
$391,500
Public Record
Sold
Jan 31, 2001
$295,000
Public Record
Sold
Sep 30, 1998
$239,000
Public Record