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40624 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath

40624 Corte Albara, Murrieta, California 92562 home-pic-0
ACTIVE$499,900$1,085/sqft
Est. Value: $437,711
-12%
AboveEstimate
40624 Corte Albara, Murrieta, California 92562
2Beds
2Baths
1,085Sqft
4,356Lot

Price Vs. Estimate

The estimated value ($437,711.475) is $62,188.525 (12%) lower than the list price ($499,900). This property may be overpriced.

Key pros and cons

Top Pros:
Targeted Community Appeal: Positioned within 'The Colony,' a highly sought-after 55+ active adult community, offering a vibrant and tailored lifestyle for its residents.
Top Cons:
High Monthly Association Fee: The $398.0 monthly association fee is substantial and could be a deterrent for some buyers, despite the extensive amenities it covers.

Compared to the nearby listings

Price:$499.9K vs avg $715.0K ($-215,100)3%
Size:1,085 sqft vs avg 2,328 sqft1%
Price/sqft:$461 vs avg $32492%

More Insights

Built in 1998 (28 years old).
Condition: The property, built in 1998, is well-maintained and features cosmetic updates such as laminate flooring, neutral paint, and granite countertops in the kitchen and bathrooms. While these updates make the home move-in ready, the style of the granite and white kitchen appliances appear somewhat dated, suggesting renovations that are not recent. A significant factor contributing to the 'Fair' score is the noted absence of a central cooling system, which is a major functional drawback for the Murrieta climate. The home is aged but has been maintained, requiring minor updates for modern comfort and style.
Year Built
1998
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$461
HOA
$398
Days on market
-
Sold On
-
MLS number
SW25280075
Home ConditionFair
Features
Patio
View-

About this home

Beautiful Single Story Home in The Colony One of Southern California’s Most Vibrant and Sought-After 55+ Active Adult Communities. This Stylish Home is Filled w/Natural Light & Neutral Colors, Ideal for Everyday Living. Upgrades Include, LAMINATE FLOORING, Upgraded GRANITE COUNTERTOPS in Both Kitchen and Baths, Neutral Paint, CUSTOM WINDOW TREATMENTS, SOLID-COVER ALUMAWOOD Patio Cover & Concrete Patio That Wraps Around the Back of Home. This Home Offers One of The Best Well Planned Layouts in The Colony! The Kitchen Features Beautiful White Cabinetry, Dedicated Pantry Area for Additional Storage, Counter Bar to Accommodate Casual Dining or Entertaining & Direct Garage Access from Kitchen Adding Everyday Convenience for Unloading Groceries Quickly and Effortlessly. The Dining Area is Conveniently Just Off Kitchen Featuring a Ceiling Fan & Large Window That Fills the Space with Natural Light and Flows Seamlessly into Family Room with Cozy Fireplace and Media Niche Creating an Open and Inviting Layout. The Primary Bedroom is a Private Retreat Featuring a Spacious Walk-In Closet and En-Suite Bathroom. The Primary Bathroom is Appointed with Granite Countertops & Large Walk-In Shower. The Second Bedroom Offers Plenty of Space and is Conveniently Located Next to 2nd Bathroom That Offers Shower, Tub & Granite Countertops. The Private Backyard is Designed for Easy Enjoyment and Low Maintenance w/Solid Alumawood Patio Cover Providing Year-Round Shade & Comfort. The Concrete Patio Offers Space for Outdoor Dining, Relaxing or Entertaining. There is Plenty of Space for Planting Your Own Garden or Flowers w/Drip System in Place. A Sliding Glass Door Gives Easy Access to Yard from Living Room and is a Perfect Place for Peaceful Retreats, Cozy Morning Coffee or Evening Gatherings with Minimal Upkeep. The Colony Offers Prime Resort Style 55+ Living Featuring a Guard Gated Entry, Clubhouse, Fitness Center, Pool, Spa, Tennis, Pickleball Courts, Bocce Ball, Shuffleboard, Salon, Game Room, Meeting Room, Dining Area, Billiard Room and MORE! The Welcoming Atmosphere, Outstanding Amenities, Active Social Calendar, and Nearby Golf Course Make This a Perfect Backdrop for Your Next Home. Located Near Shopping, Dining and Medical Facilities with Easy Freeway Access Just Minutes Away. Come See Why This Home and Community is a Wonderful Opportunity to Enjoy a Relaxed Active-Adult Living in One of Murrieta’s Most Sought-After Communities.

R
Robin Ciammachilli
Listing Agent

Nearby schools

6/10
E. Hale Curran Elementary School
Public,•K-5•0.2mi
7/10
Tovashal Elementary School
Public,•K-5•1.0mi
6/10
Avaxat Elementary School
Public,•K-5•1.7mi
7/10
Antelope Hills Elementary School
Public,•K-5•2.1mi
8/10
Rail Ranch Elementary School
Public,•K-5•2.2mi
4/10
Ronald Reagan Elementary School
Public,•K-6•2.4mi
5/10
Donald Graham Elementary School
Public,•K-6•3.1mi
7/10
Shivela Middle School
Public,•6-8•1.0mi
6/10
Thompson Middle School
Public,•6-8•1.5mi
3/10
David A. Brown Middle School
Public,•6-8•3.5mi
8/10
Murrieta Valley High School
Public,•9-12•1.3mi
8/10
Murrieta Mesa High School
Public,•9-12•1.4mi
5/10
Elsinore High School
Public,•9-12•4.8mi

Price History

Date
Event
Price
06/16/20
Sold
$320,000
09/18/12
Sold
$159,000
04/27/05
Sold
$331,000
08/29/03
Sold
$224,500
Condition Rating
Fair
The property, built in 1998, is well-maintained and features cosmetic updates such as laminate flooring, neutral paint, and granite countertops in the kitchen and bathrooms. While these updates make the home move-in ready, the style of the granite and white kitchen appliances appear somewhat dated, suggesting renovations that are not recent. A significant factor contributing to the 'Fair' score is the noted absence of a central cooling system, which is a major functional drawback for the Murrieta climate. The home is aged but has been maintained, requiring minor updates for modern comfort and style.
Pros & Cons

Pros

Targeted Community Appeal: Positioned within 'The Colony,' a highly sought-after 55+ active adult community, offering a vibrant and tailored lifestyle for its residents.
Extensive Resort-Style Amenities: Access to a wide array of premium community amenities including a guard-gated entry, clubhouse, fitness center, pool, spa, tennis, pickleball, and more, significantly enhancing the living experience.
Modern Interior Upgrades: Features recent interior enhancements such as laminate flooring, upgraded granite countertops in kitchen and baths, neutral paint, and custom window treatments, providing a move-in ready appeal.
Low-Maintenance Outdoor Living: The private backyard is designed for easy enjoyment with a solid Alumawood patio cover, concrete patio, and drip system, ideal for relaxed outdoor living with minimal upkeep.
Prime Convenient Location: Strategically located near essential services including shopping, dining, medical facilities, and offers easy freeway access, ensuring convenience for residents.

Cons

High Monthly Association Fee: The $398.0 monthly association fee is substantial and could be a deterrent for some buyers, despite the extensive amenities it covers.
Compact Square Footage: With 1085 sqft, the home offers a relatively compact living space, which may feel restrictive for those desiring more expansive interiors or additional room for hobbies/guests.
Absence of Central Cooling System: The property description does not mention a cooling system (e.g., central air conditioning), which could be a significant drawback during Murrieta's hot summer months.
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