40644 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
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Murrieta, California 92562
This Turnkey Senior Residence in the prestigious The Colony community is listed at $475,000, representing a stable entry point for its Condition Rating of 4. Positioned relative to its $431,904 Fair Market Value, the home offers immediate access to resort-style amenities including a golf course, pickleball courts, and a high-end clubhouse. The interior features a white and bright kitchen, cozy fireplace, and a private backyard patio. Located in a secure guard-gated enclave near top-rated Murrieta schools, it is the ideal match for Active Seniors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40644 Corte Albara Subject | $450,000* List Price | 2 | 2 | 1,071 | $405 | - |
A 40632 Corte Albara Sold | $475,000 | 2 | 2 | 1,071 | $444 | 0.0 mi |
B 40609 Corte Albara Sold | $450,000 | 2 | 2 | 1,071 | $420 | 0.1 mi |
C 40624 Corte Albara Sold | $489,900 | 2 | 2 | 1,085 | $452 | 0.0 mi |
D 40252 Via Aguadulce Sold | $445,000 | 2 | 1 | 912 | $488 | 0.5 mi |
E 40725 Corte Albara Sold | $505,000 | 3 | 2 | 1,263 | $400 | 0.2 mi |
F 40581 Corte Albara Sold | $430,000 | 3 | 2 | 1,263 | $340 | 0.1 mi |
G 23796 Corte Picante Sold | $510,000 | 3 | 2 | 1,263 | $404 | 0.0 mi |
H 40311 Via Ambiente Sold | $480,000 | 2 | 2 | 1,263 | $380 | 0.5 mi |
I 40600 Corte Albara Pending | $419,000 List Price | 3 | 2 | 1,263 | $332 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but reflects its 1998 build date with outdated white appliances and original-style cabinetry. While it features some cosmetic updates like newer wood-look flooring and a decorative kitchen backsplash, the overall systems and fixtures show signs of being outdated, fitting the criteria for a home built over 25 years ago without a full modern renovation.
Located in The Colony, residents have access to a high-end clubhouse, golf course, pool, tennis, and pickleball courts, providing a comprehensive active-adult lifestyle.
The home is presented in turn-key condition with a bright, white kitchen and a cozy fireplace, allowing for an immediate and seamless transition for new owners.
Situated within a premier 55+ gated community, the property offers enhanced security and a vibrant social environment tailored for senior living.
The monthly association fee of $356 represents a significant recurring cost that may impact the overall affordability for buyers on a fixed income.
At 1,071 square feet, the interior living space is relatively compact, which may be a drawback for those downsizing from much larger family homes.
The Colony is a gated 55+ senior community featuring a golf course, swimming pool, pickleball, bocce ball, billiards, and tennis courts. This cozy 1,071 sq. ft. home features a ceramic tile fireplace in the living room and new flooring throughout the living room, dining room, kitchen, and hallway. The living room includes a sliding glass door leading to the patio. The kitchen has a new tile backsplash, original Formica countertops, and a standard stove and refrigerator if needed. The primary bedroom includes a large walk-in closet and bathroom, while the second bedroom is ideal for an office. Both bedrooms are carpeted with original vertical blinds. Both bathrooms retain their original tile flooring and basic fixtures. The property features a small yard and patio, a 2-car garage, and includes a washer and dryer if desired. The home is clean but leaves room for future updates. This is a probate case, and the seller is motivated.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,071 | 2,570 |
| Lot Size | 4,356 | 7,405 |
| Price | $450.0K | $717.1K |
| Price per sq ft | $420 | $305 |
| Built year | 1998 | 2001 |
| HOA | $356.0 | $180 |
| Days on market | 108 | 61 |
May 9, 2026
$450,000
$475,000
-5% Price Drop
Initial Listing
Apr 5, 2026
$475,000
Initial Listing
Jul 15, 2016
$285,000
Public Record
Jul 31, 2000
$158,000
Public Record
Jun 30, 1998
$115,000
Public Record