24464 Paxton, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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24464 Paxton
Lake Elsinore, California 92532
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,979Sq Ft
5,251Lot Size
Property Price
LIST PRICE$640,000
EST. MARKET VALUE
$667,713
4% BelowMARKET VALUE
SUMMARY
This Stunning Two-Story Residence is a Strong Value Opportunity, listed at $640,000—positioned well below the $667,713 Fair Market Value by 4%. This valuation gap offers $27,713 in Instant Equity for the buyer. Featuring an Excellent Condition Rating and a modern 2019 build, the home includes a 3-car garage and scenic canyon and hill views. Located in a secure gated community near top-rated schools like Tuscany Hills Elementary, this property is an ideal fit for Owner-Occupants or first-time buyers seeking a turnkey, high-equity lifestyle.
Estimated Market Value
$667,713+$27,713 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24464 Paxton Subject 4 bd · 3 ba · 2,979 sqft · $224 | $640,000* List Price | 4 | 3 | 2,979 | $224 | - |
A 24429 Payton Drive Sold 4 bd · 3 ba · 3,091 sqft · $205 · 0.1 mi | $635,000 | 4 | 3 | 3,091 | $205 | 0.1 mi |
B 24458 Preston Court Active 4 bd · 3 ba · 2,979 sqft · $235 · 0.0 mi | $699,900 List Price | 4 | 3 | 2,979 | $235 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2019, this property is less than 10 years old and meets the criteria for excellent condition. The kitchen features modern dark cabinetry, stainless steel appliances, and recessed lighting, while the overall structure and systems are contemporary and appear to be in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Layout
Built in 2019, this nearly 3,000 sqft home features a contemporary open-concept design and energy-efficient systems typical of newer builds, ensuring lower maintenance costs.
- Ample Parking & Storage
The expansive 3-car garage provides significant value for multi-vehicle households and offers extra space for storage or a workshop, a highly sought-after feature in this market.
- Secure Gated Community
Located in a desirable gated neighborhood, the property offers enhanced security and privacy along with scenic canyon and hill views that increase its long-term appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5251, other record lot size in square feet = 5327.
- Limited Lot Size
The 5,251 sqft lot is relatively small for a home of this square footage, resulting in limited backyard space for outdoor activities or extensive landscaping.
- Recurring HOA Costs
A monthly association fee of $229 adds a permanent carrying cost to the property, which may impact the overall affordability for budget-conscious buyers.
About 24464 Paxton
Welcome to this stunning two-story home nestled within a desirable gated community just off Railroad Canyon Road in Lake Elsinore. Offering a spacious and functional layout, this property features 4 bedrooms, 3 bathrooms, and an expansive 3-car garage. Designed for modern living and entertaining, the home boasts bright, open-concept living spaces, a well-appointed kitchen, and comfortable bedrooms, including a generous primary suite. Enjoy the peace of mind and security of a gated neighborhood while being conveniently located near local shopping, dining, schools, and outdoor recreation around the lake, with easy access to the I-15 freeway for commuters.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 5,251 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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
5/10
Tuscany Hills Elementary School
Grades K-5 • 1.8 mi
8/10
Herk Bouris Elementary
Grades K-5 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,979 | 2,014.188 |
| Lot Size | 5,251 | 7,537.856 |
| Price | $640.0K | $605.8K |
| Price per sq ft | $215 | $297 |
| Built year | 2019 | 2005 |
| HOA | $229.0 | $143 |
| Days on market | 7 | 70 |
Pricing History
Listed for Sale
Oct 17, 2026
$640,000
Initial Listing
Sold
Aug 23, 2019
$425,000
Public Record