40600 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
Loading property details...
Murrieta, California 92562
This Value-Add Senior Residence is listed at $419,000, offering a stable entry point at its $419,000 Fair Market Value. Located in the premier 55+ gated community of The Colony, the home features a Versatile 3-Bedroom Layout and a Condition Rating of 4, providing a clear path to equity through cosmetic updates. Residents enjoy a Private Patio and resort amenities including a Golf Course and pool. Situated within the Murrieta Valley Unified District near 8/10 Rated High Schools, this is an ideal match for Active Retirees or Owner-Occupants seeking a high-potential lifestyle asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40600 Corte Albara Subject | $419,000* List Price | 3 | 2 | 1,263 | $332 | - |
A 40725 Corte Albara Sold | $505,000 | 3 | 2 | 1,263 | $400 | 0.2 mi |
B 23825 Corte Picante Sold | $490,000 | 3 | 2 | 1,263 | $388 | 0.1 mi |
C 40281 Via Acuna Sold | $470,000 | 2 | 2 | 1,344 | $350 | 0.5 mi |
D 23878 Corte Cajan Sold | $520,000 | 2 | 2 | 1,489 | $349 | 0.4 mi |
E 40247 Via Acuna Sold | $515,000 | 2 | 2 | 1,489 | $346 | 0.5 mi |
F 40083 Corte Lorca Sold | $482,500 | 2 | 2 | 1,435 | $336 | 0.8 mi |
G 40717 Corte Albara Active | $509,990 List Price | 3 | 2 | 1,263 | $404 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is nearly 30 years old and appears to retain most of its original finishes. The kitchen features dated oak-style cabinetry and older white appliances, while the flooring consists of aged carpeting. The listing description explicitly invites 'personal cosmetic touches,' confirming that while the home is functional and maintained, it requires modern updates to meet current market standards.
Located in 'The Colony,' residents enjoy access to a premier suite of amenities including a golf course, tennis and pickleball courts, a fitness center, and a pool, fostering an active lifestyle.
Priced to allow for personal cosmetic updates, this property offers significant potential for buyers to build equity while customizing the home to their specific aesthetic preferences.
Situated in one of Murrieta's most sought-after senior communities, the home offers a secure and socially engaged environment in a fast-growing Southern California city.
The home requires interior cosmetic improvements, which may necessitate immediate additional investment and renovation effort from the buyer upon possession.
With a lot size of approximately 4,356 square feet, the property offers minimal private yard space, which may not appeal to buyers seeking extensive gardening or outdoor areas.
Built in 1998, the home is approaching a 30-year milestone where original major systems like the HVAC or roof may soon require professional inspection or replacement.
Welcome to The Colony. This charming 3-bedroom, 2-bath home is priced perfectly for you to add your own personal cosmetic touches. Located in one of Murrieta’s most desirable 55+ communities, this property offers an incredible blend of comfort, value, and opportunity. Enjoy resort-style living with a full calendar of community events and activities designed to keep you active and engaged. Let retirement feel like luxury in the heart of Murrieta, one of the fastest-growing and most sought-after cities in Southern California. The Colony features an impressive array of amenities including a pool and spa, recreation rooms, fitness center, tennis and pickleball courts, a golf course, and much more. This is your chance to make this home your own and experience premier 55+ living at its finest.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 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 | 38% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,263 | 2,424 | 4% |
| Lot Size | 4,356 | 7,840 | 11% |
| Price | $419.0K | $715.0K | 0% |
| Price per sq ft | $332 | $317 | 58% |
| Built year | 1998 | 1998 | 50% |
| HOA | $348.0 | $0 | 83% |
| Days on market | 125 | 186 | 30% |
Dec 18, 2025
$419,000
Initial Listing
Jun 18, 2002
$215,500
Public Record
Sep 30, 1998
$132,000
Public Record