40406 Ariel Hope Way, Murrieta, California 92563, Murrieta, 92563 - 5 bed, 3 bath
40406 Ariel Hope Way
Murrieta, California 92563
Property Price
SUMMARY
Analysis of 40406 Ariel Hope Way, Murrieta, California 92563 reveals a property with a current list price of $890,000, which is 6% above the estimated $833,839 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 |
|---|---|---|---|---|---|---|
★ 40406 Ariel Hope Way Subject | $890,000* List Price | 5 | 3 | 3,242 | $257 | - |
A 40223 Sequoia Street Sold | $740,000 | 5 | 3 | 3,000 | $247 | 0.4 mi |
B 26119 Palmetto Street Sold | $735,000 | 5 | 2 | 2,591 | $284 | 0.5 mi |
C 26649 Brickenridge Active | $794,999 List Price | 5 | 3 | 3,067 | $259 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property is within the 10-20 year age range for a 'good' rating and appears well-maintained and move-in ready. The kitchen features granite countertops and stainless steel appliances, and the home includes a significant system upgrade with owned solar panels. While the cabinetry and flooring reflect the original 2005 construction style, there is no evidence of deferred maintenance, and the overall condition is clean and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
- Energy Efficiency
The property includes owned solar panels, providing significant long-term savings on utility costs and enhancing the home's overall value.
- Versatile Floor Plan
Featuring five bedrooms and a full bathroom on the first floor, the layout is ideal for multi-generational living or accommodating guests with ease.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Market Price Appreciation
The current list price reflects a substantial increase from its 2022 sale price of $687,000, which may require strong comparable sales to support the valuation.
- Potential for Original Finishes
Given the 2005 construction and lack of mentioned renovations, buyers may need to budget for modernizing interior finishes or aging mechanical systems.
About 40406 Ariel Hope Way
Fantastic opportunity to own a great 5 bedroom, 3 bath home in the desirable community of Murrieta. No HOA! This home has a bedroom and full bath on the first floor. Large open family room with vaulted ceilings , an ideal spot for entertaining. Large master bedroom with walk-in closet. Owned Solar for energy efficiency, Tucked away on a quiet cul-de-sac with scenic views, Wonderful location and conveniently located near shopping, restaurants, parks, schools, and easy freeway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Murrieta Unified Schools
Daniel N. Buchanan Elementary School
Grades K-5 • 0.9 mi
Ysabel Barnett Elementary School
Grades K-5 • 1.1 mi
Alta Murrieta Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 71% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,242 | 2,563 | 84% |
| Lot Size | 7,405 | 6,970 | 53% |
| Price | $890.0K | $695.0K | 95% |
| Price per sq ft | $275 | $287 | 43% |
| Built year | 2005 | 2004 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 169 | 0% |
Pricing History
Listed for Sale
Feb 28, 2026
$890,000
Initial Listing
Sold
Jan 27, 2022
$687,000
Public Record
Sold
Nov 10, 2021
$690,800
Public Record
Sold
Apr 30, 2013
$357,000
Public Record
Sold
Feb 25, 2013
$303,500
Public Record
Sold
Feb 28, 2007
$500,000
Public Record