16897 Gunnerson, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This Modern New Construction Custom Home represents a Prime Investment Opportunity, listed at $479,999—positioned well below the $537,963 Fair Market Value by 10%. This valuation gap provides $57,964 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the 2024 build features Mountain Views, Fully Paid Solar, and a versatile bonus room. While the short sale status requires third-party approval, the absence of an HOA and high-end finishes ensure long-term value. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a high-equity, turnkey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16897 Gunnerson Subject | $479,999* List Price | 2 | 2 | 1,491 | $361 | - |
A 279 White Oak Sold | $545,000 | 3 | 2 | 1,387 | $393 | 0.9 mi |
B 4592 Florence Drive Sold | $539,990 | 3 | 2 | 1,435 | $376 | 0.5 mi |
C 4531 La Spezia Lane Sold | $557,209 | 3 | 2 | 1,435 | $388 | 0.5 mi |
D 31084 Illinois Sold | $535,000 | 3 | 2 | 1,620 | $330 | 0.7 mi |
E 1038 Sardinia Drive Sold | $572,806 | 3 | 2 | 1,663 | $344 | 0.5 mi |
F 4668 Terracina Lane Pending | $565,990 List Price | 3 | 2 | 1,539 | $368 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a 2024 new construction custom home featuring modern, high-end finishes throughout. The property includes a contemporary kitchen and bathrooms with quartz countertops, marble-look tile work, and glass shower enclosures. It is equipped with current quality standards such as fully paid solar, a tankless water heater, and new appliances, showing no physical depreciation or deferred maintenance.
As a 2024 custom-built home, it features contemporary finishes, an open-concept layout, and high-end energy-efficient upgrades including fully paid solar and a tankless water heater.
The inclusion of a first-floor bonus room and an upstairs loft provides significant versatility, allowing the home to function as a three-bedroom residence or accommodate a dedicated home office.
The absence of a Homeowners Association offers buyers greater financial freedom and the autonomy to customize the property without the oversight of restrictive community guidelines.
The property was recently sold within the past year on 2025-08-25. The sold price is $560,000.00.
The short sale status implies a potentially lengthy and unpredictable closing process, as the transaction is subject to third-party lender approval.
The 'blank-canvas' backyard requires the buyer to commit additional time and capital to complete the landscaping and outdoor living areas.
New custom-built two-story home featuring 2 bedrooms, 2 bathrooms, plus a bonus room ideal for a third bedroom, office, or game room. Spacious family room with a modern fireplace and a bright, open kitchen perfect for entertaining. First floor offers a bedroom, full bathroom, bonus room, and separate laundry area. Upstairs features the primary suite with a retreat area, oversized walk-in closet, elegant bathroom, and a loft. Equipped with fully paid solar, tankless water heater, and septic system with sensors. Blank-canvas backyard ready for customization. Minutes from the lake, shopping, and easy access to the 15 & 215 freeways. No HOA. SHORT SALE
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,491 | 1,928 | 27% |
| Lot Size | 6,098 | 7,319 | 39% |
| Price | $480.0K | $595.0K | 16% |
| Price per sq ft | $322 | $306 | 60% |
| Built year | 2024 | 2003 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 170 | 7% |
Apr 7, 2026
$479,999
Initial Listing
Aug 25, 2025
$560,000
Public Record
Jan 21, 2021
$25,000
Public Record