Realkey.ai
RealKey
‪(213) 433-7766‬

40717 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 3 bed, 2 bath

40717 Corte Albara, Murrieta, California 92562 home-pic-0
ACTIVE$509,990$1,263/sqft
Est. Value: $484,066
-5%
AboveEstimate
40717 Corte Albara, Murrieta, California 92562
3Beds
2Baths
1,263Sqft
4,356Lot

Price Vs. Estimate

The estimated value ($484,066.06) is $25,923.94 (5%) lower than the list price ($509,990). This property may be overpriced.

Key pros and cons

Top Pros:
Premier 55+ Community: Located in The Colony, a highly desirable gate-guarded 55+ community offering security and a tailored active adult lifestyle.
Top Cons:
Age-Restricted Community: The 55+ age restriction inherently limits the potential buyer pool, which can impact marketability and resale value.

Compared to the nearby listings

Price:$510.0K vs avg $715.0K ($-205,010)4%
Size:1,263 sqft vs avg 2,328 sqft4%
Price/sqft:$404 vs avg $32479%

More Insights

Built in 1998 (28 years old).
Condition: 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.
Year Built
1998
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$404
HOA
$338
Days on market
-
Sold On
-
MLS number
CV26005352
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

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.

M
Michael Davis
Listing Agent

Nearby schools

6/10
E. Hale Curran Elementary School
Public,•K-5•0.2mi
7/10
Tovashal Elementary School
Public,•K-5•1.1mi
6/10
Avaxat Elementary School
Public,•K-5•1.6mi
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•2.5mi
5/10
Donald Graham Elementary School
Public,•K-6•3.2mi
7/10
Shivela Middle School
Public,•6-8•0.9mi
6/10
Thompson Middle School
Public,•6-8•1.4mi
3/10
David A. Brown Middle School
Public,•6-8•3.6mi
8/10
Murrieta Mesa High School
Public,•9-12•1.3mi
8/10
Murrieta Valley High School
Public,•9-12•1.3mi
5/10
Elsinore High School
Public,•9-12•5.0mi

Price History

Date
Event
Price
06/30/99
Sold
$133,000
02/28/14
Sold
$280,000
Condition Rating
Good
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.
Pros & Cons

Pros

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.
Cost-Saving Solar System: Equipped with solar panels, providing substantial energy savings and contributing to lower utility bills.
Private Outdoor Space: Features a private backyard with no rear neighbors, ideal for quiet enjoyment and entertaining.

Cons

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.
Browse Properties by State Browse housing market trends by state