40672 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath
40672 Corte Albara
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 40672 Corte Albara, Murrieta, California 92562 reveals a property with a current list price of $472,999, which is 10% above the estimated $428,198 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 |
|---|---|---|---|---|---|---|
★ 40672 Corte Albara Subject | $472,999* List Price | 2 | 2 | 947 | $452 | - |
A 23733 Via Olivia Sold | $545,000 | 3 | 2 | 1,052 | $518 | 0.7 mi |
B 40633 Corte Albara Sold | $503,000 | 2 | 2 | 1,263 | $398 | 0.1 mi |
C 23974 Via Astuto Sold | $523,500 | 3 | 2 | 1,230 | $426 | 0.4 mi |
D 40306 Via Ambiente Sold | $519,000 | 3 | 2 | 1,263 | $411 | 0.5 mi |
E 40632 Corte Albara Active | $499,000 List Price | 2 | 2 | 1,071 | $466 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready, turnkey condition and has been exceptionally well-maintained. While the home was built in 1998, it features significant updates including modern wood-look flooring and a renovated walk-in shower with contemporary subway tiling. The kitchen, though featuring older-style tile countertops and white appliances, appears to be in excellent functional condition with no deferred maintenance visible.
PROSSTRENGTHS & OPPORTUNITIES
- Premium 55+ Community
Located in the prestigious 'The Colony' community, offering a secure, private, and active lifestyle specifically tailored for senior residents.
- Scenic Golf Course Views
The property features desirable views of the golf course and surrounding hills, significantly enhancing the home's tranquility and market value.
- Turnkey Condition
Described as very well maintained, this home offers a move-in-ready experience, reducing the need for immediate renovation or repair costs.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
At a list price of $672,999 for 947 square feet, the property is priced at a significant premium compared to average market rates for the area.
- Limited Interior Space
The compact square footage may feel restrictive for buyers downsizing from larger homes who still require ample space for storage or guests.
- Recurring Association Fees
The monthly HOA fee of $369 represents a substantial ongoing carrying cost that may impact the overall affordability for buyers on fixed incomes.
About 40672 Corte Albara
Elegant 2 bedroom in a private 55+ community (THE COLONY). 1.5 bath, very well maintained. Please do not text at the 951-813-3563, send all questions via phone as this is a landline. Please feel free to call this number for immediate response
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $369.0 / Month
Neighborhood Insights
Murrieta Unified Schools
E. Hale Curran Elementary School
Grades K-5 • 0.2 mi
Tovashal Elementary School
Grades K-5 • 1.1 mi
Avaxat Elementary School
Grades K-5 • 1.6 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 | 947 | 2,447 | 0% |
| Lot Size | 3,920 | 7,840 | 5% |
| Price | $473.0K | $715.0K | 1% |
| Price per sq ft | $499 | $316 | 97% |
| Built year | 1998 | 1997 | 51% |
| HOA | $369.0 | $0 | 98% |
| Days on market | 40 | 183 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$472,999
$672,999
-30% Price Drop
Initial Listing
Price Change
Jan 26, 2026
$672,999
Initial Listing
Sold
Feb 25, 2021
$345,000
Public Record
Sold
Jul 5, 2017
$268,000
Public Record
Sold
Mar 9, 2016
$249,000
Public Record
Sold
Apr 21, 2015
$201,000
Public Record
Sold
Sep 11, 2002
$175,000
Public Record
Sold
Mar 27, 1998
$107,500
Public Record