40370 Via Francisco, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
40370 Via Francisco
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 40370 Via Francisco, Murrieta, California 92562 reveals a Fairly Priced Property with a current list price of $540,000 aligned with the estimated $528,978 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 |
|---|---|---|---|---|---|---|
★ 40370 Via Francisco Subject | $540,000* List Price | 2 | 2 | 1,727 | $306 | - |
A 40442 Via Amapola Sold | $537,200 | 2 | 2 | 1,606 | $334 | 0.1 mi |
B 40532 Corte Lucia Sold | $520,000 | 2 | 2 | 1,783 | $292 | 0.3 mi |
C 40295 Via Francisco Sold | $592,500 | 2 | 3 | 1,722 | $344 | 0.1 mi |
D 40380 Via Francisco Sold | $450,000 | 2 | 2 | 1,437 | $313 | 0.0 mi |
E 23975 Via Pamilla Sold | $560,000 | 2 | 2 | 1,489 | $376 | 0.6 mi |
F 40150 Via Tonada Sold | $610,000 | 3 | 2 | 1,767 | $345 | 0.3 mi |
G 40412 Via Amapola Active | $540,000 List Price | 3 | 3 | 1,722 | $314 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1989, has undergone significant and recent updates to its key areas. The kitchen features modern appliances and wood-grain tile flooring, while both bathrooms have been beautifully remodeled with new vanities, updated tile, and fixtures. The living areas boast wood floors, and the home benefits from energy-efficient upgrades like solar power, dual-pane windows, and a whole-house fan. These extensive renovations make the property move-in ready with no immediate updates required, aligning well with the 'Good' condition criteria, despite the original build year. While the kitchen cabinets are a bit traditional, and the master bath granite might not be the absolute latest trend, they are well-maintained and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Exclusive 55+ Community & Amenities
The property is situated in The Colony, a guard-gated 55+ community offering resort-style living with extensive amenities including pools, organized activities, clubs, tennis, and golf, catering to a specific demographic.
- Rare and Functional Floor Plan
Features a desirable and rare 2-bedroom plus office floor plan, providing valuable versatility for hobbies, a home office, or additional guest space, enhancing its appeal within the community.
- Modernized Interior with Abundant Natural Light
The home boasts an open floor plan, vaulted ceilings, recessed lighting, skylights, solar tubes, and wood flooring, complemented by an updated kitchen with modern appliances and beautifully remodeled bathrooms.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1727, other record living area = 1767. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Significant Price Reduction from Recent Sale
The current list price of $540,000 is a notable decrease from its last sale price of $580,000 in July 2023, which may raise questions for potential buyers regarding market value or property condition.
- Age of Property and Potential for System Updates
Built in 1989, while cosmetically updated, the underlying systems (e.g., plumbing, electrical, HVAC, roof) may be original or nearing the end of their lifespan, potentially requiring future investment.
About 40370 Via Francisco
Discover resort-style living in The Colony, a 55+ community gem! Don't miss this RARE 2 bedroom PLUS office floor plan with no one behind you! Upon arrival, a private, gated entrance leads to a peaceful courtyard, wrapping around to the serene and private back patio featuring low maintenance, water-conserving plants and a “aluma-wood” patio cover with dimmable LED lights and an outdoor ceiling fan. Inside, an open floor plan is flooded with natural light through skylights and solar tubes, complemented by vaulted ceilings, recessed lighting, ceiling fans, and wood floors in the dining and living room. The addition of a warm fireplace and built-in cabinets creates a cozy and inviting living space. The updated kitchen showcases wood-grain tile flooring, modern appliances, and plantation shutters. Additionally, the cozy breakfast nook includes a built-in dining booth with storage. The hall bathroom, beautifully remodeled, showcases porcelain tile flooring, an inviting soaker tub/tile shower combo, a new vanity, upgraded accessories, and enhanced natural light with a solar tube. The master suite is a retreat with wood floors, vaulted ceilings, a ceiling fan, built-in storage, plantation shutters, walk-in closet, and an upgraded bathroom with porcelain tile flooring, granite countertops, a walk-in shower, plantation shutters, and a storage window seat. The second bedroom features LVP flooring, plantation shutters, a remote-operated LED ceiling fan, and a walk-in closet. A rare additional office offers wood flooring, built-ins, a vaulted ceiling with a skylight, and a door leading to the patio with a retractable screen door. The garage is equipped with LED lighting, ample built-in storage, and a pull-down attic door for additional storage. Embrace sustainable living with solar power, ensuring low monthly payments, dual pane windows, and an energy efficient whole house fan. Dual-pane windows throughout! The Colony is a guard gated community with many amenities including pools, organized activities, clubs, tennis, golf, and more! 40370 Via Francisco; You Will LOVE Living Here!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 • 0.7 mi
Tovashal Elementary School
Grades K-5 • 1.0 mi
Avaxat Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,727 | 2,447 | 21% |
| Lot Size | 4,792 | 7,840 | 15% |
| Price | $540.0K | $715.0K | 10% |
| Price per sq ft | $313 | $316 | 48% |
| Built year | 1989 | 1997 | 29% |
| HOA | $348.0 | $0 | 86% |
| Days on market | 44 | 183 | 3% |
Pricing History
Listed for Sale
Jan 28, 2026
$540,000
$550,000
-2% Price Drop
Initial Listing
Price Change
Jan 22, 2026
$550,000
Initial Listing
Sold
Jul 12, 2023
$580,000
Public Record
Sold
Mar 6, 2003
$299,000
Public Record
Sold
Sep 8, 2000
$247,000
Public Record