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40672 Corte Albara, Murrieta, California 92562, Murrieta, 92562 - 2 bed, 2 bath

40672 Corte Albara, Murrieta, California 92562 home-pic-0
ACTIVE$479,000
40672 Corte Albara, Murrieta, California 92562
2Beds
2Baths
947Sqft
3,920Lot
Year Built
1998
Close
-
List price
$479K
Original List price
$499K
Price/Sqft
$506
HOA
$333
Days on market
-
Sold On
-
MLS number
SW24104784
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $479.0K(2th), sqft - 947(0th), beds - 2(7th), baths - 2(29th).

The Colony, in central Murrieta is a 55 and over Senior Community. It is manicured, guarded 24 hours with a paid security personnel. The Colony offers a quality, private and quiet living style for its residents. The 2 bedroom and 1 and .5 bath is an open floor plan home and has it all. Vaulted ceilings, recessed lighting, accent cabinetry, double mirrored closet doors, fire place, carpeting, epoxy floor in the garage and many other features of this TURNEY home. The amenities include grand ballroom, library, fitness center, large outdoor pool and many other features including golf on its permisses. This one will not last long!

Nearby schools

6/10
E. Hale Curran Elementary School
Public,•K-5•0.2mi
7/10
Tovashal Elementary School
Public,•K-5•1.1mi
6/10
Avaxat Elementary School
Public,•K-5•1.6mi
7/10
Antelope Hills Elementary School
Public,•K-5•2.1mi
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•3.2mi
7/10
Shivela Middle School
Public,•6-8•0.9mi
6/10
Thompson Middle School
Public,•6-8•1.5mi
3/10
David A. Brown Middle School
Public,•6-8•3.6mi
8/10
Murrieta Valley High School
Public,•9-12•1.3mi
8/10
Murrieta Mesa High School
Public,•9-12•1.3mi
5/10
Elsinore High School
Public,•9-12•4.9mi
Condition Rating
Fair
The property was built in 1998, making it 26 years old. While the description mentions positive features like vaulted ceilings, recessed lighting, and an epoxy garage floor, and the visible areas in the images appear clean, there is no explicit mention or visual evidence of recent major renovations to the kitchen or bathrooms. Without such updates, these key areas are likely functional but may reflect styles and features from the original construction or older updates, fitting the 'Fair' condition criteria for a home of this age.
Pros & Cons

Pros

Exclusive 55+ Community & Security: Located within 'The Colony,' a manicured, guard-gated 55+ senior community with 24-hour security personnel, offering a private and quiet living environment.
Extensive Community Amenities: Residents have access to a wide array of amenities including a grand ballroom, library, fitness center, large outdoor pool, and an on-premises golf course.
Desirable Interior Features: The home boasts attractive features such as vaulted ceilings, recessed lighting, accent cabinetry, a fireplace, double mirrored closet doors, and an epoxy floor in the garage.
Scenic Views: The property offers pleasant Mountain(s) and Neighborhood views, enhancing its appeal.
Central Murrieta Location: Situated in central Murrieta, a desirable location within the region.

Cons

Significant Overpricing/Underestimated Value: The property's estimated value ($330,083) is substantially lower than the current list price ($479,000), indicating a potential overvaluation in the current market.
Smaller Size & Limited Bathrooms: At 947 sqft with 2 bedrooms and 1.5 bathrooms, the property is on the smaller side and offers fewer full bathrooms compared to several recently sold or active comparable properties in the same community.
High Monthly Association Fee: The $333.0 monthly association fee represents a considerable recurring cost for homeowners, which could impact affordability and buyer interest.

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