6960 Carreta Lane, Rancho Murieta, CA 95683, Rancho Murieta, 95683 - 2 bed, 3 bath
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Rancho Murieta, CA 95683
This lakefront townhome represents a High-Potential Investment Opportunity, listed at a List Price of $475,000—positioned well below the $562,022 Fair Market Value by 15%. This valuation gap provides $87,022 in Instant Equity. Featuring a Remodeled Kitchen and a Condition Rating of 3, the property is currently occupied by a long-term tenant, ensuring immediate rental income. With its Unobstructed Lakefront Views and proximity to high-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6960 Carreta Lane Subject | $475,000* List Price | 2 | 3 | 1,525 | $369 | - |
A 7083 Murieta Parkway 20 Sold | $410,000 | 2 | 2 | 1,039 | $395 | 0.4 mi |
B 15048 Lago Drive Active | $599,900 List Price | 2 | 2 | 1,532 | $392 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1977, the property features a remodeled kitchen with granite countertops and updated cabinetry, likely within the 5-15 year renovation window. The interior appears well-maintained and move-in ready, meeting the criteria for functional systems and updated living spaces.
High School: Pleasant Grove High School (9/10).
Situated directly on Laguna Joaquin, this rare lakefront position offers exceptional water views from both levels and a front-row seat for community events like the 4th of July fireworks.
The property is currently occupied by a reliable, long-term tenant, providing immediate rental income and making it an ideal, low-friction opportunity for real estate investors.
The $459 monthly association fee represents a significant recurring expense that may impact the net ROI for investors or the monthly affordability for owner-occupants.
While the local elementary school is relatively close, the designated middle and high schools are located over 13 miles away, which may be a drawback for families with older children.
VIEWS*Rare lakefront investment opportunity in the prestigious gated community of Rancho Murieta North. Updated 2-bedroom, 2.5-bath townhome offers +/-1,525 sq ft w/ stunning views of Laguna Joaquin. The remodeled kitchen features granite countertops, white cabinetry, tile flooring, and an open layout that flows into the family room. Spacious living & dining areas, a cozy fireplace, private courtyard entry, and an attached two-car garage add to the home's appeal. Upstairs, the primary suite offers a private balcony overlooking the lake, a sitting area, and tranquil water views. The waterfront setting creates exceptional views for the 4th of July fireworks. the property is currently occupied by a reliable, long-term tenant, making this a turnkey investment opportunity with immediate rental income.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades K-6 • 19.8 mi
Grades 7-8 • 14.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,525 | 1,039 | 67% |
| Lot Size | 1,742 | 1,542 | 67% |
| Price | $475.0K | $425.0K | 67% |
| Price per sq ft | $311 | $395 | 33% |
| Built year | 1977 | 1978 | 33% |
| HOA | $459 | $509 | 33% |
| Days on market | 5 | 231 | 33% |
Jun 1, 2026
$475,000
Initial Listing
Jul 17, 2015
$238,000
Public Record
May 14, 2008
$238,500
Public Record