16514 Running Deer, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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16514 Running Deer
Lake Elsinore, California 92530
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,612Sq Ft
7,405Lot Size
Property Price
LIST PRICE$669,900
EST. MARKET VALUE
$692,298
3% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $659,900—positioned well below the $686,598 Fair Market Value by 3%. This valuation gap offers $26,698 in Instant Equity for the buyer. With a Condition Rating of 3, the home features recent interior renovations, a three-car garage, and gated RV access. Located in the Lake Elsinore Unified district, this property balances functional living with significant storage utility. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Estimated Market Value
$692,298+$22,398 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16514 Running Deer Subject | $669,900* List Price | 4 | 3 | 2,612 | $265 | - |
A 29100 Oak Grove Sold | $710,000 | 4 | 4 | 2,557 | $278 | 0.1 mi |
B 15475 Solstice Ct Sold | $660,000 | 4 | 3 | 2,499 | $264 | 0.8 mi |
C 3317 Banyon Circle Sold | $665,000 | 5 | 4 | 3,125 | $213 | 0.5 mi |
D 16511 Kiwi Sold | $710,000 | 5 | 3 | 2,249 | $316 | 0.1 mi |
E 29508 Westwind Sold | $678,000 | 4 | 3 | 2,214 | $306 | 0.4 mi |
F 29116 Outrigger Sold | $659,000 | 4 | 3 | 2,176 | $303 | 0.6 mi |
G 3273 Fig Court Sold | $660,000 | 4 | 3 | 2,090 | $316 | 0.6 mi |
H 14603 Fair Oak Active | $599,990 List Price | 4 | 3 | 2,705 | $222 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1989 but features significant recent interior renovations including a modern kitchen with quartz countertops and stainless steel appliances, updated bathroom vanities, and newer wood-look flooring. While some original elements like popcorn ceilings are present, the home is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Parking & RV Access
The property features a rare combination of a three-car garage, a spacious driveway, and gated RV access, providing exceptional utility for multiple vehicles and recreational storage.
- Generous Living Space
With four bedrooms and over 2,600 square feet of interior space, the home offers a versatile layout including multiple living areas and a family room with a gas fireplace, ideal for large families.
- Scenic Outdoor Amenities
The property boasts a level backyard with a covered patio and mountain views, creating an ideal environment for outdoor entertaining and relaxation in a desirable North Lake Elsinore location.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2612, other record living area = 1961.
- Potential for Modernization
Built in 1989, the home may require cosmetic updates or renovations to align with modern design trends and maximize its full market potential.
- Square Footage Discrepancy
There is a notable discrepancy between the data-reported 2,612 square feet and the 2,249 square feet mentioned in the description, which requires verification during the due diligence period.
About 16514 Running Deer
Welcome to 16514 Running Deer Road where space, comfort, and opportunity come together! This spacious 4 bedroom + Large Bonus Room/ Game Room. Home offers approximately 2,612 square feet of living space on a generous 7,405-square-foot lot, giving you the room you’ve been looking for both inside and out. The inviting layout features multiple living spaces, a warm family room with a gas fireplace, and plenty of room for entertaining or simply enjoying everyday life. Step outside to a covered patio and level backyard ready for gatherings, relaxing evenings, or bringing your own outdoor vision to life. One of the standout features is the parking! Enjoy a three car garage, a spacious driveway, and gated RV access a hard to find combination that provides incredible flexibility for your vehicles, toys, or additional storage. Conveniently located in North Lake Elsinore near local schools, shopping, dining, recreation, and commuter routes. Homes offering this much space, parking, and potential don’t come around often. Come see everything 16514 Running Deer Road has to offer and make it yours!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,612 | 1,997.676 |
| Lot Size | 7,405 | 7,302.624 |
| Price | $669.9K | $602.7K |
| Price per sq ft | $256 | $299 |
| Built year | 1989 | 2005 |
| HOA | $0 | $146 |
| Days on market | 22 | 65 |
Pricing History
Listed for Sale
Sep 5, 2026
$669,900
$659,900
+2% Price Increase
Initial Listing
Price Change
Aug 18, 2026
$659,900
Initial Listing
Sold
Jan 2, 2007
$453,000
Public Record
Sold
Dec 23, 2004
$419,000
Public Record
Sold
May 16, 2000
$182,000
Public Record