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16654 Elk Grove, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

16654 Elk Grove, Lake Elsinore, California 92530 home-pic-0
ACTIVE$789,000
16654 Elk Grove, Lake Elsinore, California 92530
4Beds
3Baths
2,173Sqft
10,515Lot
Year Built
2024
Close
-
List price
$789K
Original List price
$789K
Price/Sqft
$363
HOA
-
Days on market
-
Sold On
-
MLS number
PW25259015
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood
Patio
ViewCity Lights,Mountain(s),Neighborhood

About this home

Possibly Over-Priced:The estimated price is 11% below the list price. We found 4 Cons,6 Pros. Rank: price - $789.0K(96th), sqft - 2173(63th), beds - 4(53th), baths - 3(52th).

A must-see, move-in ready, almost-new 2024 home! Previously a model home, purchased in 9/2024, this property is located in the desirable Running Deer Estates community. This single-story home features an abundance of upgrades and an open-concept floor plan on an oversized lot with a beautiful view. It offers 4 bedrooms and 2.5 baths, plus a spacious indoor laundry room. The kitchen includes upgraded GE appliances such as a built-in five-burner electric cooktop, built-in oven and microwave, refrigerator, and washer/dryer. Enjoy quartz countertops with an island, soft-closing Dorian Grey maple cabinetry, and a walk-in pantry. The primary bedroom includes a large walk-in closet. The attached two-car garage features epoxy flooring, and the home is equipped with a tankless water heater and a house fan for added efficiency and lower utility costs. The family room offers a ceiling fan, built-in ceiling speakers, upgraded lighting, and many more enhancements. The backyard is perfect for entertaining with a built-in BBQ, covered patio, fruit trees, fire pit, and upgraded model landscaping. PAID-OFF SOLAR and NO HOA! The large lot also offers potential for an ADU (if permitted by the city).

Price History

Date
Event
Price
11/12/25
Listing
$789,000
09/25/24
Sold
$815,000
Condition Rating
Excellent
Built in 2024 and previously a model home, this property is virtually new with extensive upgrades throughout. The kitchen features upgraded GE appliances, quartz countertops, and soft-closing cabinetry. Bathrooms are modern with stylish fixtures and finishes. All systems, flooring, and lighting are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10515, living area = 2173.
New Construction & Model Home Status: Built in 2024, this property is almost new, move-in ready, and was previously a model home, ensuring high-quality finishes, numerous upgrades, and meticulous attention to detail.
Extensive Upgrades & Modern Features: The home boasts an abundance of upgrades including a gourmet kitchen with upgraded GE appliances, quartz countertops, soft-closing cabinetry, epoxy garage flooring, tankless water heater, house fan, built-in ceiling speakers, and upgraded lighting throughout.
Exceptional Outdoor Living & Entertainment: Situated on an oversized lot with a beautiful view, the backyard is designed for entertaining, featuring a built-in BBQ, covered patio, fruit trees, a fire pit, and upgraded model landscaping.
Energy Efficiency & Cost Savings: The property benefits from paid-off solar panels, a tankless water heater, and a house fan, contributing to significantly lower utility costs. Additionally, the absence of an HOA eliminates recurring monthly fees.
Desirable Layout & Future Potential: This single-story home offers a popular open-concept floor plan with 4 bedrooms and 2.5 baths, desirable views (City Lights, Mountains, Neighborhood), and the large lot provides potential for an Accessory Dwelling Unit (ADU) if permitted by the city.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Price History & Potential Depreciation: The current listing price of $789,000 is lower than its recent sale price of $815,000 in September 2024, which may raise questions about market value, immediate equity, or seller motivation for potential buyers.
Absence of Central Air Conditioning: While a house fan is mentioned for efficiency, the property description does not explicitly state the presence of a central air conditioning system, which could be a significant comfort concern during Lake Elsinore's hot summer months.
ADU Permitting Uncertainty: Although the large lot offers potential for an ADU, the qualification '(if permitted by the city)' indicates that this is not a guaranteed feature and would require the buyer to navigate the permitting process, incurring additional time, cost, and potential hurdles.

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