24440 Periwinkle Way, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 3 bath
24440 Periwinkle Way
Lake Elsinore, California 92532
Property Price
SUMMARY
Analysis of 24440 Periwinkle Way, Lake Elsinore, California 92532 reveals a Fairly Priced Property with a current list price of $565,000 aligned with the estimated $579,400 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24440 Periwinkle Way Subject | $565,000* List Price | 5 | 3 | 2,865 | $202 | - |
A 24464 Periwinkle Pending | $625,000 List Price | 5 | 3 | 2,865 | $218 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2016, this property falls within the 10-year window for an excellent rating. The home features modern construction standards, contemporary neutral finishes, and a move-in-ready kitchen and bathroom setup. The listing describes the property as well-maintained with no deferred maintenance, reflecting high pride of ownership and systems that are still well within their primary functional lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Turnkey Condition
Built in 2016, this well-maintained home features contemporary neutral finishes and a move-in-ready interior that reflects a high level of pride of ownership.
- Spacious Functional Layout
With 5 bedrooms and 2,865 square feet of living space, the property offers a generous floor plan ideal for large families, including ample storage and well-proportioned upstairs living areas.
- Strong Value Proposition
The significant price reduction from the original list price of $629,888 to $565,000 presents a high-potential equity opportunity for investors or owner-occupants in the desirable Westridge community.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 2865.
- Short Sale Complexity
The property is a short sale, which typically involves a lengthy and unpredictable third-party bank approval process that may deter buyers on a strict timeline.
- Limited Outdoor Space
The exceptionally small lot size relative to the home's square footage results in minimal private yard space, which may be a drawback for those seeking traditional outdoor utility.
About 24440 Periwinkle Way
Welcome to this beautifully maintained home in the desirable Westridge at Canyon Hills community. Move in ready, this property offers immediate availability and easy showing access. This well cared for 2-story home features a bright and functional layout with abundant natural light and neutral finishes throughout. The spacious floor plan provides comfortable living areas ideal for both everyday living and entertaining. The kitchen offers generous cabinetry, ample counter space, and a seamless flow into the main living areas. Bedrooms are well sized, and multiple bathrooms provide convenience and flexibility for families or guests. Enjoy a clean, well maintained interior that reflects pride of ownership. The private outdoor space offers room to relax, garden, or customize to your needs. Located in a sought after neighborhood with convenient access to parks, schools, shopping, and commuter routes.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2016
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $229.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Cottonwood Canyon Elementary School
Grades K-5 • 1.0 mi
Tuscany Hills Elementary School
Grades K-5 • 1.7 mi
Herk Bouris Elementary
Grades K-5 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 76% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,865 | 2,541 | 72% |
| Lot Size | 871 | 7,405 | 1% |
| Price | $565.0K | $630.0K | 16% |
| Price per sq ft | $197 | $258 | 8% |
| Built year | 2016 | 2007 | 78% |
| HOA | $229.0 | $134 | 94% |
| Days on market | 46 | 183 | 1% |
Pricing History
Listed for Sale
Feb 21, 2026
$565,000
$599,999
-6% Price Drop
Initial Listing
Price Change
Feb 10, 2026
$599,999
$629,888
-5% Price Drop
Initial Listing
Price Change
Jan 20, 2026
$629,888
Initial Listing
Sold
Sep 30, 2022
$615,000
Public Record
Sold
Dec 22, 2016
$382,500
Public Record