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45478 Masters Drive, Temecula, California 92592, Temecula, 92592 - 4 bed, 3 bath

45478 Masters Drive, Temecula, California 92592 home-pic-0
ACTIVE$799,000
45478 Masters Drive, Temecula, California 92592
4Beds
3Baths
2,401Sqft
11,326Lot
Year Built
1986
Close
-
List price
$799K
Original List price
$879K
Price/Sqft
$333
HOA
$42
Days on market
-
Sold On
-
MLS number
219120740DA
Home ConditionGood
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,7 Pros. Rank: price - $799.0K(50th), sqft - 2401(47th), beds - 4(50th), baths - 3(50th).

Discover this charming two-story home nestled in the peaceful Rainbow Canyon Villages and Estates. With newer carpet and fresh interior paint, this home is move-in ready. Outdoor living shines with a spacious Alumawood patio cover, an expansive patio area surrounding the sparkling pool, and a cozy outdoor TV setup. The generous yard provides endless possibilities for entertainment and relaxation. Inside, the third-car garage has been converted into a convenient downstairs bedroom or office. Enjoy the warmth of the formal living room with a fireplace and the comfort of a family room adjacent to the kitchen--perfect for gatherings. Ideally located near shopping, freeways, and the excitement of Pechanga Casino, this home offers the ideal blend of comfort and convenience. Make it yours today!

Nearby schools

7/10
Temecula Luiseno Elementary School
Public,•K-5•1.4mi
8/10
Erle Stanley Gardner Middle School
Public,•6-8•0.8mi
10/10
Great Oak High School
Public,•9-12•2.1mi
Condition Rating
Good
The property, built in 1986, is move-in ready with recent cosmetic updates including newer carpet, fresh interior paint, and new wood-look laminate flooring throughout the main living areas. The kitchen features updated stainless steel appliances, granite countertops, and wood cabinetry, suggesting a renovation within the last 5-15 years. While the overall style is not ultra-modern, it is well-maintained and functional. The laundry room also shows recent updates with modern appliances and flooring. The description notes 'Age of Property & Potential for Updates' as a weakness, implying major systems might be older, but the visible interior condition, especially the kitchen and flooring, is good.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2401.
Great Schools: High School: Great Oak High School (10/10).
Turnkey Interior Condition: The home features newer carpet and fresh interior paint, presenting a move-in ready condition for prospective buyers.
Exceptional Outdoor Living: A spacious Alumawood patio cover, expansive patio area surrounding a sparkling pool, and an outdoor TV setup create an ideal environment for entertainment and relaxation.
Flexible Downstairs Space: The converted third-car garage offers a versatile downstairs bedroom or office, adding functional living space.
Prime Location & Accessibility: Ideally located with convenient access to shopping, major freeways, and the entertainment of Pechanga Casino.
Strong School District & Low HOA: The property is situated within a highly-rated school district and benefits from a very low monthly association fee of $42.

Cons

Significant Overpricing: The current list price of $799,000 is considerably higher than the property's estimated value and recent comparable sales, suggesting potential overvaluation and contributing to its extended time on market.
Age of Property & Potential for Updates: Built in 1986, the property is nearly 40 years old. While cosmetic updates are noted, major systems (e.g., HVAC, roof, plumbing, electrical) may be original or nearing end-of-life, potentially requiring future investment.
Reduced Garage Capacity: The conversion of the third-car garage, while adding interior space, reduces the overall garage parking and storage capacity, which may be a drawback for some buyers.

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