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40222 Colony Dr, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 3 bath

40222 Colony Dr, Murrieta, California 92562 home-pic-0
ACTIVE$595,000
40222 Colony Dr, Murrieta, California 92562
2Beds
3Baths
2,086Sqft
6,098Lot
Year Built
1998
Close
-
List price
$595K
Original List price
$660K
Price/Sqft
$285
HOA
$348
Days on market
-
Sold On
-
MLS number
250043596SD
Home ConditionFair
Features
Good View: Golf Course
Patio
ViewGolf Course

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $595.0K(22th), sqft - 2086(41th), beds - 2(7th), baths - 3(50th).

Beautifully maintained SINGLE STORY 2-bedroom, 2.5-bath residence with a den! Located in the premier 55+ gated community of The Colony offering nearly 2,100 sq. ft. of living space on a 7,000 sq. ft. lot, this home is filled with NATURAL LIGHT and has beautiful GOLF COURSE VIEWS! The formal living and dining rooms feature VAULTED CIELINGS, laminate wood flooring and CUSTOM PLANTATION SHUTTERS leading into the spacious great room. The kitchen showcases crisp white cabinetry, ample storage, a dual sink, and an island with a built-in cooktop—perfect for meal prep and entertaining. The adjoining family room offers a cozy tiled fireplace, a newly added CUSTOM-BUILT entertainment center and large windows that frame the serene backyard VIEWS. The spacious primary suite includes double-door entry, dual vanities, a soaking tub, a separate walk-in shower, and new bathroom tile flooring. A secondary bedroom and a versatile den with a custom built in desk provide flexibility and comfort. Step outside to your PRIVATE backyard retreat with a covered patio, ceiling fan, low-maintenance landscaping, and peaceful golf course views. The front yard is fully maintained and watered by the HOA, and the two-car garage includes an additional golf cart parking space. The Colony is one of Southern California’s most desirable active adult communities, featuring a resort-style clubhouse, year-round pool and spas, fitness center, tennis and pickleball courts, library, billiards, and so much more. Experience the perfect blend of comfort, community, and leisure in this exceptional home!

Nearby schools

6/10
E. Hale Curran Elementary School
Public,•K-5•0.3mi
7/10
Tovashal Elementary School
Public,•K-5•0.9mi
6/10
Avaxat Elementary School
Public,•K-5•1.6mi
7/10
Antelope Hills Elementary School
Public,•K-5•2.0mi
8/10
Rail Ranch Elementary School
Public,•K-5•2.2mi
4/10
Ronald Reagan Elementary School
Public,•K-6•2.4mi
5/10
Donald Graham Elementary School
Public,•K-6•3.1mi
7/10
Shivela Middle School
Public,•6-8•1.0mi
6/10
Thompson Middle School
Public,•6-8•1.6mi
3/10
David A. Brown Middle School
Public,•6-8•3.6mi
8/10
Murrieta Mesa High School
Public,•9-12•1.5mi
8/10
Murrieta Valley High School
Public,•9-12•1.5mi
5/10
Elsinore High School
Public,•9-12•4.8mi

Price History

Date
Event
Price
12/11/25
Price Change
$595,000-5.5%
12/06/25
Price Change
$629,500-1.5%
11/24/25
Price Change
$639,000-0.9%
11/18/25
Price Change
$645,000-2.3%
11/07/25
Listing
$660,000
03/22/24
Sold
$620,000
04/20/18
Sold
$430,000
07/16/98
Sold
$241,000
Condition Rating
Fair
Built in 1998, this property is well-maintained with laminate wood flooring and plantation shutters. However, the kitchen features white appliances and cabinetry that appear dated, not having undergone a full modern renovation. The primary bathroom, while boasting new tile flooring, retains older-style vanities and a corner tub. While there are minor updates like a custom-built entertainment center, the overall style and age of key components, particularly in the kitchen and bathrooms, indicate it's aged but maintained, fitting the 'Fair' category.
Pros & Cons

Pros

Premier 55+ Community & Amenities: Located in The Colony, a highly desirable 55+ gated community offering extensive resort-style amenities including a clubhouse, pool, spas, fitness center, tennis, and pickleball courts, fostering an active adult lifestyle.
Desirable Single-Story Layout & Condition: A beautifully maintained single-story residence, highly sought after for ease of access and living, suggesting move-in readiness for prospective buyers.
Golf Course Views & Private Outdoor Space: Features beautiful golf course views from the home and a private backyard retreat with a covered patio and low-maintenance landscaping, ideal for relaxation and entertaining.
Enhanced Interior Features: Boasts vaulted ceilings, custom plantation shutters, laminate wood flooring, a functional kitchen with an island and built-in cooktop, a cozy fireplace, and a primary suite with dual vanities, a soaking tub, and a separate walk-in shower.
Versatile Living Space & HOA Benefits: Includes a versatile den with custom built-ins for flexible use, and the HOA maintains the front yard, contributing to a low-maintenance lifestyle for the homeowner.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Significant Price Reductions & Below Recent Sale: The property has undergone multiple price reductions from its original list price of $660,000 to $595,000, and is currently listed below its March 2024 sale price of $620,000, which may indicate market resistance or overvaluation.
High Monthly HOA Dues: The association fee of $348.00 per month is substantial and adds a significant recurring cost to homeownership, potentially impacting affordability and buyer interest.
Age of Property & Potential for Updates: Built in 1998, the property is 26 years old. While well-maintained, major systems such as HVAC, water heater, or roofing may be original or nearing the end of their typical lifespan, potentially requiring future capital expenditures for a buyer.

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