See Home Value
$540,000 - $658,000
House - Off Market

40040 Festival

Murrieta, CA 92562
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2496 Sqft
Sold Mar 15, 2024
$615,000
$584,250 by Valley View Home Loans
Mortgage Due Apr 01, 2054
Sold Apr 29, 2015
$335,000
$335,000 by Impac Mortgage Corp
Mortgage Due May 01, 2045

About This Property

Welcome to Festival Rd! This Two-Story Murrieta gem is located in a very quiet neighborhood, yet close to schools, parks, and shopping. Low maintenance front yard LARGE DRIVEWAY FOR MULTIPLE CARS, and SOLAR PANELS (owned) Private front courtyard. Home features vaulted ceilings, has 4 bedrooms and 2 bathrooms, The living room is adjacent to the Formal Dining Room for extra space when your family gathers. A large master bedroom suite (with its own fireplace) is just some of the highlights of this beautiful home, downstairs bathroom for guests and a large separate laundry. The backyard is spacious enough for a future pool, ideal for outdoor entertaining and relaxation, 3 Car Garage with Tandem.

This home is in the highly rated Murrieta Valley Unified School. Easy access to the I-15 and I-215 freeways, strategically located near shopping, medical centers, parks, the world-renowned Temecula valley wineries and Pechanga Casino Resort and Spa! Great family home, just needing your own finishing touches to make it your own. Come and envision your new beginnings today!

The manager has listed the unit size as 2496 square feet.
Unit Size
2,496Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$240
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989

Price History

Date / Event Date Event Price
Mar 18, 2024 No longer available -
No longer available
Mar 15, 2024 Sold to Christian Eppy Pelayo Tineo... $615,000
Sold to Christian Eppy Pelayo Tineo...
Feb 21, 2024 In contract -
In contract
Feb 18, 2024 Price Decreased $599,999
↓ $18K (2.9%)
Price Decreased
Feb 5, 2024 Price Decreased $618,000
↓ $12K (1.9%)
Price Decreased
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 569
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 3,065
  • Gross Building Area: 3,065
  • Building Area: 2,496
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,496
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO. 23146
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 41 MB 193/014 TR 23146

Ownership

  • Current Owner : TINEO CHRISTIAN EPPY PELAYO
  • Current Owner 2: PELAVO VANESSA
  • Previous Owner : WILHITE JESSE C
  • Owner Before Previous Owner: MORTENSON WILLIAM H
  • Owner Before Previous Owner 2: MORTENSON ZENAIDA O
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Murrieta Valley Unified School District
  • Census Tract: 043206

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 23146
  • Parcel: 948-172-004
  • Lot: 41
  • Municipality: MURRIETA
  • Latitude: 33.5803
  • Longitude: -117.197

    Address

  • Full Address: 40040 Festival Rd
  • Address - House Number: 40040
  • Address - Street Name: Festival
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Murrieta
  • Carrier Code: R010
  • 4-Digit Zip Code: 3857
  • Zip Code: 92562

Valuation

    Tax

  • Total Area: 2,496
  • Tax Year: 2023
  • Tax Amount: $11,824
  • Tax Rate Code Area: 024-028

    Appraisal Valuation

  • Standard Deviation: 0.0767
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 592,619
  • High Value: 638,116
  • Low Value: 547,121

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $584,250
  • First Open Lien Mortgage Lender: VALLEY VIEW HOME LOANS
  • First Open Lien Mortgage Recording Date: Mar 15, 2024
  • First Open Lien Mortgage Loan Amount: $584,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2054

    Market Valuation

  • Market Total Value: $413,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $386,979
  • Assessed Land Value: $63,531
  • Assessed Improvements Value: $323,448

    Sales

  • Current Sale Contract Date: Mar 13, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Transaction ID: 11922774431
  • Current Sale Price: $615,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 77052
  • Previous Sale Recording Date: Apr 29, 2015
  • Previous Sale Contract Date: Mar 11, 2015
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: VALLEY VIEW HOME LOANS
  • First Mortgage Transaction Date: Mar 15, 2024
  • First Mortgage Loan Amount: $584,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2054

    Previous Mortgages

  • Previous Mortgage Lender: IMPAC MORTGAGE CORP
  • Previous Mortgage Transaction Date: Apr 29, 2015
  • Previous Mortgage Loan Amount: $335,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: May 01, 2045



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,496 ft²
$260/ft²
$650,000 Jan 16, 2024
-
-
House
4 Beds
3 Baths
2,414 ft²
$271/ft²
$654,999 Feb 9, 2024
-
-
House
4 Beds
2.5 Baths
1,900 ft²
$329/ft²
$625,000 Feb 16, 2024
-
-
House
4 Beds
2.5 Baths
1,744 ft²
$357/ft²
$622,000 Jan 18, 2024
-
-
House
4 Beds
2.5 Baths
1,778 ft²
$365/ft²
$649,000 Feb 18, 2024
-
-
House
3 Beds
2.5 Baths
2,161 ft²
$277/ft²
$598,000 Feb 14, 2024
-
$320/mo
House
5 Beds
3 Baths
2,882 ft²
$236/ft²
$680,000 Feb 7, 2024
-
-
House
3 Beds
2.5 Baths
1,641 ft²
$366/ft²
$599,999 Jan 31, 2024
-
-
House
3 Beds
2 Baths
1,767 ft²
$311/ft²
$550,000 Dec 7, 2023
-
$320/mo
House
3 Beds
2.5 Baths
1,409 ft²
$418/ft²
$589,000 Jan 19, 2024
-
-
House
2 Beds
2 Baths
1,727 ft²
$304/ft²
$525,000 Jan 17, 2024
-
$320/mo
House
2 Beds
2 Baths
1,614 ft²
$319/ft²
$514,900 Jan 31, 2024
-
$320/mo

About Murrieta Oaks


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Frequently Asked Questions

When was property at 40040 Festival Road built and last sold?
The property at 40040 Festival Road was built in 1989 and last sold on Mar 13, 2024 for $615,000.
How much is this home worth?
The estimated value of the home located at 40040 Festival Road is $619,043.
What are some comparable homes to 40040 Festival Road?
Homes that are comparable to 40040 Festival Road include a house property at 39936 Osprey Road, 24024 Alvita Circle, 39897 Verono Corte.

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