24550 Adams Ave, Murrieta, California 92562, Murrieta, 92562 - 7 bed, 5 bath

24550 Adams Ave, Murrieta, California 92562 home-pic-0
ACTIVE$2,099,000
24550 Adams Ave, Murrieta, California 92562
7Beds
5Baths
3,548Sqft
73,180Lot
Year Built
1990
Close
-
List price
$2.1M
Original List price
$2.5M
Price/Sqft
$592
HOA
-
Days on market
-
Sold On
-
MLS number
250027439SD
Home ConditionGood
Features
Good View:
Pool
Spa
Patio
View-

About this home

Great Deal:The estimated price is 6% above the list price. We found 3 Cons,5 Pros. Rank: price - $2.10M(98th), sqft - 3548(88th), beds - 7(99th), baths - 5(93th).

Huge price reduction! sellers found another! Luxury Ranch Property with Resort-Style Pool, Solar, Income Units, and More! Welcome to your dream estate! This beautifully remodeled 4 bed, 2.5 bath home spans 2,360 sq ft and sits on a fully fenced 1.68-acre equestrian-zoned lot with no HOA and two automatic gates for privacy and ease. This unique property offers unmatched lifestyle perks and income potential of up to $124,000/year! Completely remodeled inside and out with new LG appliances, upgraded cabinetry, LVP flooring, standing seam metal roof, new windows & sliders New plumbing, electrical, insulation, HVAC, ducting, tankless water heater, water filtration, softener, and RO drinking system Solar powered with 48 panels (30 paid off, 18 on $120/mo plan) plus 2 batteries – extremely energy efficient 3-car garage setup includes a 2-car garage + oversized 480 sq ft workshop/garage Fruit orchard with apple, lemon, peach, and apricot trees Vinyl fencing, new landscaping with solar lighting, swing set, and trampoline Well water, septic system – only ~$275/month for all utilities! Resort-Style Pool Area Pebble finish pool & spa with beach entry, 2 slides, swim jet, swim-up table, waterfall, fire feature, and LED lighting Pool solar Swimply rental income potential of $10,000/year Comes with patio furniture, BBQ, Traeger, flattop grill & pool storage Income-Generating Units Detached 1,000 sq ft ADU: 2 bed, 1 bath – earns ~$30,000/year 188 sq ft MIL suite: 1 bed, 1 bath, kitchenette – ~$18,000/year RV pad: 50/30 amp hookups, sewer – earns ~$36,000/year on Airbnb See Supplement RV Storage income: space for multiple rigs – currently earning ~$30,000/year Additional Features Three large sheds for toys, tools, or hobbies 40’ covered container with power & lights Mare motel with 4 corrals, lighting, and auto waterers Custom dog house – wood & metal Zoned for livestock/horses, with direct access to nearby horse trails Less than a mile to freeway, close to Old Town, wine country, and shopping ?? Perfect for multigenerational living, short- and long-term rental income, or just enjoying your own private resort! This is more than a home – it’s a lifestyle.

Condition Rating
Good

The property was built in 1990 but has been extensively remodeled inside and out. The listing mentions new LG appliances, upgraded cabinetry, LVP flooring, new windows, plumbing, electrical, HVAC, and more. The kitchen and bathrooms appear modern and well-maintained in the images. While not brand new, the extensive renovations bring it to a 'good' condition.
Pros & Cons

Pros

Income Potential: The property boasts significant income potential with multiple rental units (ADU, MIL suite, RV pad, RV storage) generating up to $124,000 per year.
Resort-Style Amenities: Features a resort-style pool area with beach entry, slides, swim jet, swim-up table, waterfall, fire feature, and LED lighting, enhancing lifestyle and appeal.
Equestrian Zoning & Horse Amenities: Equestrian-zoned 1.68-acre lot with mare motel, corrals, and direct access to horse trails, ideal for horse enthusiasts.
Recent Remodel & Upgrades: Completely remodeled inside and out with new appliances, cabinetry, flooring, roof, windows, plumbing, electrical, HVAC, and more.
Energy Efficiency: Solar powered with 48 panels and 2 batteries, resulting in extremely low utility costs (approximately $275/month).

Cons

Septic System: The property utilizes a septic system, which may require more maintenance and potential future expenses compared to a sewer system.
Solar Panel Lease: While the property has solar panels, 18 of them are under a lease agreement ($120/month), which could be a concern for some buyers.
Well Water: The property uses well water, which may require periodic testing and maintenance to ensure water quality.

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