35621 Epple Street, Murrieta, California 92563, Murrieta, - bed, bath

home-pic
ACTIVE$1,119,000
35621 Epple Street, Murrieta, California 92563
4Beds
4Baths
2,870Sqft
198,198Lot
Year Built
1990
Close
-
List price
$1.12M
Original List price
$1.14M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
GD25031518
Home ConditionFair
Features
Good View: Hills
Spa
Patio
ViewHills

About this home

Buyers this is a Unique and great Investment opportunity. Let's talk about the uniqueness of the property first, with 4.55 Acres you can create a private oasis complete with a pond, palm trees, cool breezes & great views. Have you been thinking of living of Off-Grid/Homestead style? The property has its own WATER WELL, septic tank and propane gas tank. A creek runs through the property as well. Additional features of the home include separate living room and family room each with a fireplace, spacious kitchen w/center island. Master bedroom features fireplace & master bath with spa tub. Within the last 10 years the sellers have installed new electrical upgrades in the kitchen, hallways, bathrooms, and bedrooms. In the garage you will find the new electrical sub-panel which allows for future expansion. The recently built back porch has lighting on posts. The palm trees in the front, side and along the driveway have special lighting on them. Giant Pond (currently empty). The front electric gate has new wiring from the house panel to the front entrance. Newly built lighting around the perimeter. Huge Attic above the garage – can be used for lots of storage. Let's go over the investment side, the city of Murrieta is rapidly growing! There is a lot of development happening around the lot. This is a great opportunity to buy and develop. Currently the zoning for the lot is MULTI-FAMILY 2, RESIDENTIAL (MF-2), buyer is advice to check with the city of Murrieta. The lot is centrally located to many amenities, Costco, Target, Starbucks, Blaze pizza and other shopping venues are a short distance drive. NO HOA fees.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (296 Listings)
Beds44
50%
Baths43
82%
Square foot2,8702,617
63%
Lot Size198,1987,405
96%
Price$1.12M$717K
98%
Price per square foot$390$284
93%
Built year19902004
11%
HOA$218
Days on market267171
93%
Condition Rating
Fair

The property was built in 1990. The listing mentions electrical upgrades in the kitchen, hallways, bathrooms, and bedrooms within the last 10 years. The kitchen and bathrooms appear dated but functional. The overall condition suggests regular upkeep but is showing its age. The kitchen appliances are older, and the bathroom styles are outdated. The property requires minor updates to bring it to modern standards.
Pros & Cons

Pros

Large Lot Size: The property boasts a substantial 4.55-acre lot, offering ample space for privacy, recreation, and potential development.
Development Potential: Zoned MULTI-FAMILY 2, RESIDENTIAL (MF-2), the property presents a significant opportunity for development, subject to city approval.
Unique Features: Includes a private water well, septic tank, propane gas tank, and a creek running through the property, offering potential for off-grid living.
Recent Electrical Upgrades: Electrical upgrades have been installed in the kitchen, hallways, bathrooms, and bedrooms within the last 10 years, enhancing safety and functionality.
Desirable Location: Centrally located with convenient access to amenities such as Costco, Target, Starbucks, and other shopping venues.

Cons

Pond Condition: The giant pond on the property is currently empty, requiring potential investment to restore its functionality and aesthetic appeal.
Property Condition: The property was built in 1990 and requires minor updates to bring it to modern standards.
Price Reduction: The property has experienced a price reduction from its original list price, which may indicate challenges in the market or perceived value.

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