29137 Red Alder, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
ACTIVE$590,000$1,688/sqft
Est. Value: $569,210
-3%
AboveEstimate
29137 Red Alder, Lake Elsinore, California 92530
3Beds
3Baths
1,688Sqft
Lot
Price Vs. Estimate
The estimated value ($569,209.825) is $20,790.175 (3%) lower than the list price ($590,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction & Modern Condition: Built in 2020, this home 'looks and feels like new' with modern finishes and beautiful flooring throughout, offering a move-in ready experience.
Top Cons:
Homeowners Association (HOA) Fees: The property is subject to a monthly association fee of $122.0, which adds to the recurring cost of homeownership.
Compared to the nearby listings
Price:$590.0K vs avg $587.6K (+$2,405.5)51%
Size:1,688 sqft vs avg 1,876 sqft41%
Price/sqft:$350 vs avg $32164%
More Insights
Built in 2020 (6 years old).
Condition: Built in 2020, this property is virtually new. The images confirm modern finishes throughout, including a pristine kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances. Bathrooms feature contemporary vanities, fixtures, and a stylish barn door in the primary suite. Flooring is a mix of modern wood-look tile and clean, new carpeting. All systems, including HVAC, appear to be within their initial lifespan, and the landscaping has been recently remodeled. There is no visible deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' criteria.
Year Built
2020
Close
-
List price
$590K
Original List price
$600K
Price/Sqft
$350
HOA
$122
Days on market
-
Sold On
-
MLS number
2600768SD
Home ConditionExcellent
Features
Good View:
Patio
View-
About this home
Welcome to this stunning corner-lot home that looks and feels like new! Built in 2020 and located in a highly sought-after community, this beautifully designed residence offers 3 bedrooms, 2.5 baths, and a 2-car garage. Step into a bright, open-concept layout featuring modern finishes, beautiful flooring, a spacious kitchen with large pantry, and a dedicated laundry room. All bedrooms are upstairs, including a serene primary suite with a stylish sliding barn door leading to the bath. Recently remodeled front and backyard provide ideal spaces for relaxation and entertaining. Enjoy resort-style amenities, including a community pool and Sunset Park—perfect for gatherings and weekend barbecues. A must-see home offering comfort, style, and exceptional living-where every detail feels like home.
M
Margarita Aquinde
Listing Agent
Nearby schools
4/10
William Collier Elementary School
Public,•K-5•1.9mi
5/10
Wildomar Elementary School
Public,•K-5•3.4mi
3/10
David A. Brown Middle School
Public,•6-8•3.9mi
5/10
Elsinore High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
02/18/22
Sold
$560,000
06/26/20
Sold
$387,500
Condition Rating
Excellent
Built in 2020, this property is virtually new. The images confirm modern finishes throughout, including a pristine kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances. Bathrooms feature contemporary vanities, fixtures, and a stylish barn door in the primary suite. Flooring is a mix of modern wood-look tile and clean, new carpeting. All systems, including HVAC, appear to be within their initial lifespan, and the landscaping has been recently remodeled. There is no visible deferred maintenance or physical depreciation, aligning perfectly with the 'Excellent' criteria.
Pros & Cons
Pros
New Construction & Modern Condition: Built in 2020, this home 'looks and feels like new' with modern finishes and beautiful flooring throughout, offering a move-in ready experience.
Desirable Community & Amenities: Located in a highly sought-after community, residents enjoy resort-style amenities including a community pool and Sunset Park, ideal for recreation and gatherings.
Open-Concept Layout & Updated Interiors: The residence features a bright, open-concept layout, a spacious kitchen with a large pantry, a dedicated laundry room, and a serene primary suite with a stylish barn door.
Corner Lot & Remodeled Outdoor Spaces: Positioned on a desirable corner lot, the property benefits from recently remodeled front and backyard areas, providing ideal spaces for relaxation and entertaining.
Good School District: The property is located within a district featuring well-rated public schools, including Wildomar Elementary (5/10), William Collier Elementary (4/10), and Elsinore High School (5/10).
Cons
Homeowners Association (HOA) Fees: The property is subject to a monthly association fee of $122.0, which adds to the recurring cost of homeownership.
Recent Price Reduction: The listing price has recently been reduced from $600,000 to $590,000, which could indicate initial overpricing or slower market interest.
All Bedrooms Upstairs: All three bedrooms are located on the upper level, which may not suit buyers preferring a downstairs primary suite or single-story living for accessibility or convenience.