40717 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath
40717 Corte Albara
Murrieta, California 92562
Property Price
SUMMARY
Analysis of 40717 Corte Albara, Murrieta, California 92562 reveals a property with a current list price of $509,990, which is 5% above the estimated $483,551 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 |
|---|---|---|---|---|---|---|
★ 40717 Corte Albara Subject | $509,990* List Price | 3 | 2 | 1,263 | $383 | - |
A 40633 Corte Albara Sold | $503,000 | 2 | 2 | 1,263 | $398 | 0.2 mi |
B 23974 Via Astuto Sold | $523,500 | 3 | 2 | 1,230 | $426 | 0.5 mi |
C 40306 Via Ambiente Sold | $519,000 | 3 | 2 | 1,263 | $411 | 0.6 mi |
D 23975 Via Pamilla Sold | $560,000 | 2 | 2 | 1,489 | $376 | 0.4 mi |
E 40590 Via Malagas Sold | $535,000 | 3 | 2 | 1,614 | $331 | 0.3 mi |
F 40380 Via Francisco Sold | $450,000 | 2 | 2 | 1,437 | $313 | 0.6 mi |
G 40725 Corte Albara Pending | $515,000 List Price | 3 | 2 | 1,263 | $408 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This property is move-in ready with a recently and fully remodeled kitchen featuring modern soft-close cabinets, quartz countertops, and stainless steel appliances. The home also benefits from fresh paint, good condition hardwood and laminate flooring, and solar panels for energy efficiency. While the bathrooms are clean and functional, they appear to be less updated than the kitchen, showing some signs of an older style with builder-grade fixtures. Overall, the property is well-maintained and requires no immediate renovations, aligning with a 'Good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Premier 55+ Community
Located in The Colony, a highly desirable gate-guarded 55+ community offering security and a tailored active adult lifestyle.
- Extensive Community Amenities
Residents benefit from numerous amenities including a swimming pool, spa, clubhouse, golf course, tennis courts, salon, and various social programs.
- Modern Remodeled Kitchen
The kitchen is fully remodeled with natural light, soft-close cabinets, quartz countertops, and stainless steel appliances, offering a contemporary feel.
CONSRISKS & DEFICIENCIES
- Age-Restricted Community
The 55+ age restriction inherently limits the potential buyer pool, which can impact marketability and resale value.
- Monthly Association Fees
A recurring monthly association fee of $338 adds to the overall cost of homeownership, which buyers must factor into their budget.
- Compact Living Space
With 1263 sqft, the home offers a more compact living area, which may not suit buyers seeking larger or more expansive interior spaces.
About 40717 Corte Albara
This wonderful single-story home is located in the Colony, Murrieta's premier gate-guarded 55+ community. The Colony provides numerous amenities such as a swimming pool, spa, clubhouse, barbeques, salon, tennis courts, golf course, and may other special programs and activities. This freshly painted home features 3 bedrooms, 2 bathrooms, and an open living room/dining area with a cozy fireplace. The master bedroom opens to a spacious bathroom which includes a dual vanity with a walk-in shower and closet. During the day, the fully remodeled kitchen is illuminated by natural light, features soft close cabinets with quartz countertops and stainless steel appliances. The private backyard without a home behind it is perfect for afternoons with family and friends. Solar produces plenty of power for huge savings. Shopping, casinos, a movie theater, and wineries are all nearby. Stop looking and start calling. This home is priced for the buyer ready to make moves.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $338.0 / 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 | 3.0 | 4.0 | 38% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,263 | 2,447 | 3% |
| Lot Size | 4,356 | 7,840 | 9% |
| Price | $510.0K | $715.0K | 3% |
| Price per sq ft | $404 | $316 | 79% |
| Built year | 1998 | 1997 | 51% |
| HOA | $338.0 | $0 | 86% |
| Days on market | 57 | 183 | 6% |
Pricing History
Listed for Sale
Jan 9, 2026
$509,990
Initial Listing
Sold
Feb 28, 2014
$280,000
Public Record
Sold
Jun 30, 1999
$133,000
Public Record