16897 Gunnerson, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
ACTIVE$489,000$1,491/sqft
Est. Value: $523,978
7%
BelowEstimate
16897 Gunnerson, Lake Elsinore, California 92530
2Beds
2Baths
1,491Sqft
6,098Lot
Price Vs. Estimate
The estimated value ($523,978.355) is $34,978.355 (7%) higher than the list price ($489,000). This property may be underpriced.
Key pros and cons
Top Pros:
Brand New Construction: Built in 2024, this custom-built home offers modern design, new systems, and minimal immediate maintenance, providing peace of mind for the buyer.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-25. The sold price is $560,000.00.
Compared to the nearby listings
Price:$489.0K vs avg $586.0K ($-97,023.5)12%
Size:1,491 sqft vs avg 1,876 sqft25%
Price/sqft:$328 vs avg $32153%
More Insights
Built in 2024 (2 years old).
Condition: This is a brand new custom-built home, constructed in 2024. The kitchen features modern white shaker cabinets, white countertops, and new stainless steel appliances, including a gas range with a contemporary hood. Bathrooms are elegantly designed with new vanities, modern fixtures, and a spacious walk-in shower in the primary suite. The property boasts new wood-look flooring throughout, recessed lighting, and modern light fixtures. Major systems like fully paid solar and a tankless water heater are also brand new, indicating no deferred maintenance and meeting current quality standards.
Year Built
2024
Close
-
List price
$489K
Original List price
$489K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
SW25278510
Home ConditionExcellent
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
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.
S
Shantae Short
Listing Agent
Price History
Date
Event
Price
08/25/25
Sold
$560,000
01/21/21
Sold
$25,000
Condition Rating
Excellent
This is a brand new custom-built home, constructed in 2024. The kitchen features modern white shaker cabinets, white countertops, and new stainless steel appliances, including a gas range with a contemporary hood. Bathrooms are elegantly designed with new vanities, modern fixtures, and a spacious walk-in shower in the primary suite. The property boasts new wood-look flooring throughout, recessed lighting, and modern light fixtures. Major systems like fully paid solar and a tankless water heater are also brand new, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons
Pros
Brand New Construction: Built in 2024, this custom-built home offers modern design, new systems, and minimal immediate maintenance, providing peace of mind for the buyer.
Energy Efficiency & Modern Amenities: Equipped with fully paid solar panels, a tankless water heater, and a septic system with sensors, leading to lower utility costs and enhanced modern convenience.
Flexible Floor Plan: Features a bonus room ideal for a third bedroom, office, or game room, plus an upstairs loft, providing versatile living spaces to adapt to various needs.
No Homeowners Association (HOA): The absence of HOA fees and restrictions offers significant monthly cost savings and greater freedom for property customization and use.
Convenient Location & Mountain Views: Situated minutes from Lake Elsinore, shopping, and major freeways (15 & 215), offering excellent accessibility, complemented by desirable mountain views.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-08-25. The sold price is $560,000.00.
Septic System: While equipped with sensors, a septic system requires specific maintenance and can be a less desirable feature for some buyers compared to a municipal sewer connection.
Unfinished Backyard: The 'blank-canvas backyard' requires significant additional investment and effort from the buyer for landscaping and personalization, adding to immediate post-purchase costs.
Official Bedroom Count: Despite the versatile bonus room, the property is officially listed as 2 bedrooms, which may limit appeal to buyers specifically seeking a 3+ bedroom home.