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29121 Black Oak, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

29121 Black Oak, Lake Elsinore, California 92530 home-pic-0
ACTIVE$565,000
29121 Black Oak, Lake Elsinore, California 92530
3Beds
2Baths
1,868Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($565,000) is $0 (0%) lower than the list price ($565,000). This property may be overpriced.

Key pros and cons

Top Pros:
Master Planned Community Amenities: Located in the highly sought-after Summerly Community, offering extensive amenities including pickleball courts, two parks, a splash zone, junior Olympic size pool, clubhouse, and basketball court, enhancing lifestyle and value.
Top Cons:
Leased Solar Panels: The solar panel system is leased at $188/month, which represents an ongoing monthly expense that transfers to the new owner rather than an owned asset.

Compared to the nearby listings

Price:$565.0K vs avg $585.9K ($-20,858)40%
Size:1,868 sqft vs avg 1,884 sqft50%
Price/sqft:$302 vs avg $31942%

More Insights

Built in 2016 (9 years old).
Condition: This property was built in 2016, making it only 8 years old, which falls within the 'built within 10 years' criteria for an excellent rating. The description highlights modern features such as luxury vinyl plank flooring, an open-concept living space, a chef's kitchen with stainless steel appliances, and an oversized bathroom with dual sinks. The phrase 'Pride of ownership shows' indicates meticulous maintenance and minimal physical depreciation. The property is essentially new construction with contemporary styles and features, requiring no immediate updates or repairs.
Year Built
2016
Close
-
List price
$565K
Original List price
$575K
Price/Sqft
$302
HOA
$122
Days on market
-
Sold On
-
MLS number
IG25162803
Home ConditionExcellent
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)

About this home

PRICE IMPROVEMENT! One of the lowest prices in this community! Pride of ownership shows at 29121 Black Oak located in the highly sought after Summerly Community of Lake Elsinore. Inside, luxury vinyl plank flooring flows seamlessly through the home. Continue down the hall to the open-concept living space where the family room, dining area, and chef’s kitchen come together in perfect harmony. The spacious kitchen boasts a nice island for meal prep and gathering, stainless steel appliances, and a generous walk-in pantry for all your storage needs. Huge bonus room upstairs that could be used as a game room, play room or even a fourth bedroom! The main bedroom suite offers an oversized bathroom with a dual sink vanity and large walk-in closet. Going towards the 2-car garage (with custom overhead storage bins), there is an indoor mud room and laundry room. Enjoy the huge pie-shaped fully customized backyard with Aluminum patio cover with two ceiling fans & concrete stamped cement. There is also a dog run, a shed and no rear neighbors for extra privacy! The front yard has drought tolerant landscaping, a natural gas line hookup, and more. The home is secured through Brinks which can be transferred to you. Energy efficiency meets value with leased Solar Panels for $188/month. Summerly is a Master Planned Community offering Pickleball, two parks, a splash zone, junior olympic size pool, clubhouse and basketball court. This home is conveniently located near the golf course, shopping, restaurants, entertainment and the 15 freeway! A must see!

Nearby schools

4/10
William Collier Elementary School
Public,•K-5•2.2mi
5/10
Wildomar Elementary School
Public,•K-5•3.3mi
3/10
David A. Brown Middle School
Public,•6-8•3.9mi
5/10
Elsinore High School
Public,•9-12•1.9mi
Condition Rating
Excellent
This property was built in 2016, making it only 8 years old, which falls within the 'built within 10 years' criteria for an excellent rating. The description highlights modern features such as luxury vinyl plank flooring, an open-concept living space, a chef's kitchen with stainless steel appliances, and an oversized bathroom with dual sinks. The phrase 'Pride of ownership shows' indicates meticulous maintenance and minimal physical depreciation. The property is essentially new construction with contemporary styles and features, requiring no immediate updates or repairs.
Pros & Cons

Pros

Master Planned Community Amenities: Located in the highly sought-after Summerly Community, offering extensive amenities including pickleball courts, two parks, a splash zone, junior Olympic size pool, clubhouse, and basketball court, enhancing lifestyle and value.
Modern & Upgraded Interior: Features luxury vinyl plank flooring, an open-concept living space, a chef’s kitchen with a large island, stainless steel appliances, and a walk-in pantry, providing a contemporary and functional living environment.
Versatile Bonus Room: A huge upstairs bonus room offers flexible space that can be utilized as a game room, playroom, or easily converted into a fourth bedroom, adding significant utility and adaptability.
Customized & Private Backyard: Boasts a large, pie-shaped, fully customized backyard with an aluminum patio cover, concrete stamped cement, a dog run, a shed, and the added privacy of no rear neighbors.
Energy Efficiency & Security: Includes leased solar panels ($188/month) for energy efficiency and a transferable Brinks security system, offering long-term savings and peace of mind.

Cons

Leased Solar Panels: The solar panel system is leased at $188/month, which represents an ongoing monthly expense that transfers to the new owner rather than an owned asset.
Monthly Association Fee: The property is subject to a monthly association fee of $122, adding to the overall recurring housing costs.
Limited Bedroom Count: While featuring a versatile bonus room, the home officially offers 3 bedrooms, which may be a limiting factor for larger families seeking more dedicated sleeping spaces.

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