21 Via Palmieki Court, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 5 bath
ACTIVE$899,000
21 Via Palmieki Court, Lake Elsinore, California 92532
5Beds
5Baths
4,059Sqft
14,375Lot
Price Vs. Estimate
The estimated value ($724,679.09) is $174,320.91 (19%) lower than the list price ($899,000). This property may be overpriced.
Key pros and cons
Top Pros:
Panoramic Lake Views: The property offers stunning, breathtaking views of Canyon Lake from multiple vantage points, including a private master balcony, significantly enhancing its desirability.
Top Cons:
Significant Overpricing: The current list price of $899,000 is substantially higher than the estimated property value of $724,679, indicating a potential overvaluation of approximately 19% compared to market estimates.
Compared to the nearby listings
Price:$899.0K vs avg $630.0K (+$269,000)98%
Size:4,059 sqft vs avg 2,541 sqft99%
Price/sqft:$221 vs avg $25517%
More Insights
Built in 2006 (19 years old).
Condition: The property was built in 2006, placing it within the 10-20 year age range for a 'Good' rating. It benefits from recent cosmetic updates, including new interior and exterior paint, and features desirable elements like granite countertops, stainless steel appliances in the kitchen, and a jacuzzi tub in the master bathroom. While the kitchen cabinets, bathroom vanities, and some light fixtures reflect a style consistent with its build year and are not fully modernized, the property is clearly well-maintained and move-in ready with no immediate renovation required.
Year Built
2006
Close
-
List price
$899K
Original List price
$989K
Price/Sqft
$221
HOA
$203
Days on market
-
Sold On
-
MLS number
TR25070373
Home ConditionGood
Features
Excellent View: Canyon, Lake
Deck
ViewCanyon, Lake
About this home
Beautiful view of Canyon Lake. This home is located on a huge backyard lot over 14,000 sq ft in the highly desirable community of Tuscany Hills. Possible can build an ADU. Please check with city for detail. High ceilings entry. Big downstairs bedroom suite. Open floor plan with kitchen and family room. Fireplace in living room. Powder room. Separate dining room. Big widely stairs. Granite countertop in kitchen island, stainless steel appliances, and large pantry. The master bedroom with private big balcony, jacuzzi bathtub with breathtaking view of Canyon Lake. Large walk-in closet. Second floor with two big bonus room. Jack and Jill bedrooms. Three bedrooms suites. Large 3 cars garage. New painting inside and outside of whole house. The Tuscany Hills with huge community swimming pool and panoramic Canyon Lake view. 3 tennis courts. Kids playground and more.
Nearby schools
8/10
Tuscany Hills Elementary School
Public,•K-5•0.7mi
3/10
Railroad Canyon Elementary School
Public,•K-5•1.9mi
5/10
Cottonwood Canyon Elementary School
Public,•K-5•2.1mi
6/10
Earl Warren Elementary School
Public,•K-5•2.7mi
6/10
Canyon Lake Middle School
Public,•6-8•2.2mi
3/10
Elsinore Middle School
Public,•6-8•3.4mi
6/10
Temescal Canyon High School
Public,•9-12•4.0mi
Condition Rating
Good
The property was built in 2006, placing it within the 10-20 year age range for a 'Good' rating. It benefits from recent cosmetic updates, including new interior and exterior paint, and features desirable elements like granite countertops, stainless steel appliances in the kitchen, and a jacuzzi tub in the master bathroom. While the kitchen cabinets, bathroom vanities, and some light fixtures reflect a style consistent with its build year and are not fully modernized, the property is clearly well-maintained and move-in ready with no immediate renovation required.
Pros & Cons
Pros
Panoramic Lake Views: The property offers stunning, breathtaking views of Canyon Lake from multiple vantage points, including a private master balcony, significantly enhancing its desirability.
Expansive Lot Size: A generous backyard lot exceeding 14,000 sq ft (14,375 sq ft) provides ample outdoor space, privacy, and potential for further development or extensive landscaping.
Premium Community Amenities: Located in the highly desirable Tuscany Hills community, residents benefit from a wide array of resort-style amenities including a large swimming pool with lake views, tennis courts, and a kids' playground.
Spacious & Versatile Interior: With 4059 sq ft, 5 bedrooms, 5 bathrooms, high ceilings, an open floor plan, a downstairs bedroom suite, and two large bonus rooms, the home offers extensive and flexible living spaces.
Recent Cosmetic Updates: The entire house has been freshly painted inside and out, presenting a well-maintained and move-in ready condition for prospective buyers.
Cons
Significant Overpricing: The current list price of $899,000 is substantially higher than the estimated property value of $724,679, indicating a potential overvaluation of approximately 19% compared to market estimates.
Uncertain ADU Potential: While an ADU is mentioned as 'possible,' the explicit instruction to 'check with city for detail' suggests potential complexities, costs, or restrictions that could make this feature less straightforward than implied.
Ongoing HOA Fees: The monthly association fee of $203.0, while covering desirable amenities, represents a recurring cost that could be a consideration for budget-conscious buyers.