40190 Colony, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
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Murrieta, California 92562
This Single Family Residence in The Colony is a Strong Value Opportunity, listed at $635,000—positioned slightly above the $626,491 Fair Market Value. While the home maintains a Fair Condition Rating due to original finishes, its elevated lot provides Panoramic Golf Course and Mountain Views. Residents benefit from resort-style amenities, including a pool, fitness center, and 24-hour guard-gated security. This property offers a stable, high-lifestyle environment for Retirees or Owner-Occupants seeking a secure, active 55+ community with significant potential for cosmetic personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40190 Colony Subject | $635,000* List Price | 3 | 2 | 1,853 | $338 | - |
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 | 0.1 mi |
C 23785 Corte Carrio Sold | $587,000 | 3 | 2 | 1,853 | $317 | 0.2 mi |
D 40053 Corte Fortuna Sold | $505,000 | 3 | 2 | 1,764 | $286 | 0.4 mi |
E 39851 Wild Canary Sold | $659,000 | 3 | 3 | 1,732 | $380 | 0.5 mi |
F 24058 Verdun Sold | $635,000 | 3 | 2 | 1,548 | $410 | 0.6 mi |
G 40145 Colony Active | $639,000 List Price | 3 | 3 | 1,921 | $333 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the home is exceptionally well-maintained and clean, but the kitchen and bathrooms feature original oak cabinetry and white tile countertops that are now dated. Per the criteria, properties over 20 years old with original finishes are classified as Fair, as they require cosmetic updates and likely have aging systems despite being functional and move-in ready.
Situated high above the golf course, the property offers exceptional panoramic views of the greens and mountains, significantly enhancing its privacy and aesthetic appeal.
Located in 'The Colony,' residents enjoy 24-hour guard-gated security and extensive facilities including a pool, fitness center, and pickleball courts, supporting an active lifestyle.
The interior features vaulted ceilings, new paint, and a seamless flow between the kitchen and family room, complemented by a dedicated home office with custom built-ins.
As a 55+ senior community, the potential buyer pool is strictly limited to a specific age demographic, which may impact future resale liquidity.
The monthly HOA fee of $356 represents a significant ongoing carrying cost that may be a consideration for buyers on a fixed retirement income.
Beautifully maintained golf course home located within The Colony, a highly desirable 55+ community. This location is perfectly situated high above the golf course with stunning views from your beautifully manicured landscaped backyard. Designed for comfortable living and effortless entertaining, the spacious family room opens directly to the kitchen and center island, creating an inviting open-concept layout with a gas fireplace. Vaulted ceilings and new paint create a bright and light living space. Enjoy indoor/outdoor living with a charming patio area just off the family room, plus an additional private patio courtyard near the front entry. A formal living room and formal dining area provides plenty of space for both everyday living and special occasions. The spacious primary suite with a slider to the backyard patio includes dual vanities, a shower area and separate bathtub, along with a large walk-in closet. One bedroom is currently configured as a home office with extensive custom built-in cabinetry and desk space. It can easily be converted back to a traditional bedroom if desired. Additional highlights include shutters and window coverings, a separate oversized laundry room with direct access to the garage, and an extra-large 2-car attached garage complete with built-in floor to ceiling storage cabinets and a dedicated workbench area. Residents enjoy resort-style community amenities including a golf course, swimming pool, spa/jacuzzi, fitness center, lighted pickleball and tennis courts, and so much more designed to take advantage of the beautiful Southern California lifestyle. Enjoy the comfort and peace of mind with the community's 24-hour guard-gated security. Furthermore, it's conveniently located near shopping, restaurants, medical facilities, Temecula wine country, Pechanga Casino and easy freeway access.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,853 | 2,253 | 32% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $635.0K | $700.0K | 33% |
| Price per sq ft | $343 | $326 | 59% |
| Built year | 1998 | 1997 | 51% |
| HOA | $356.0 | $0 | 95% |
| Days on market | 6 | 153 | 2% |
Jun 1, 2026
$635,000
Initial Listing
Aug 12, 1998
$233,000
Public Record