29140 Gardenia, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 4 bath
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Lake Elsinore, California 92530
This Modern Turnkey Residence is a High-Potential Investment Opportunity, listed at $605,000—positioned well below the $626,976 Fair Market Value by 3%. This valuation gap offers $21,976 in Instant Equity for the incoming owner. Boasting an Excellent Condition Rating, the 2020-built home features a modern open-concept kitchen, quartz countertops, and a serene Canyon View. Located in the resort-style Summerly community near Lake Elsinore Unified schools, the property includes a rare Assumable VA Loan incentive. This is a premier choice for growing families or VA-eligible buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29140 Gardenia Subject | $605,000* List Price | 4 | 4 | 2,049 | $306 | - |
A 29115 Longleaf Sold | $590,000 | 4 | 3 | 2,049 | $288 | 0.0 mi |
B 29132 Gardenia Sold | $580,000 | 4 | 3 | 1,850 | $314 | 0.0 mi |
C 29127 Longleaf Sold | $575,000 | 4 | 3 | 1,850 | $311 | 0.0 mi |
D 29130 Red Alder Sold | $589,000 | 4 | 3 | 1,778 | $331 | 0.1 mi |
E 29129 Larch Sold | $565,000 | 4 | 3 | 1,778 | $318 | 0.1 mi |
F 29306 Summer House Lane Sold | $549,999 | 4 | 3 | 1,769 | $311 | 0.4 mi |
G 29105 Gardenia Active | $615,000 List Price | 4 | 4 | 2,049 | $300 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is less than 5 years old and remains in like-new condition. The interior features a modern open-concept kitchen with grey shaker cabinetry, quartz countertops, a large island, and stainless steel appliances. The bathrooms are contemporary and well-maintained, and the home includes high-quality finishes such as wood-look laminate flooring, recessed lighting, and a low-maintenance backyard with turf and a covered patio. There is no evidence of deferred maintenance.
The property features an assumable VA loan, offering a significant financial incentive for eligible buyers to potentially secure a much lower interest rate than current market levels.
Built in 2020, this home offers a contemporary open-concept layout and access to the Summerly community's resort-style amenities, including pools, splash zones, and a golf course.
The property is designed for convenience with a manageable lot size and backyard turf, providing a turnkey outdoor space without the burden of high-intensity landscaping upkeep.
At 3,920 square feet, the lot is relatively compact, which may be a drawback for buyers seeking a large private yard or space for significant outdoor expansions.
The $122 monthly association fee adds to the ongoing cost of ownership, which may be a consideration for buyers looking to minimize fixed monthly expenses.
Just Listed in Lake Elsinore's sought-after Summerly community a stunning home! ASSUMABLE VA LOAN. This beautiful 2,049sq ft two-story residence, built in 2020, offers 4 spacious bedrooms, 3 bathrooms, and a smart, open-concept layout perfect for modern living. The kitchen flows seamlessly into the dining and living areas, ideal for entertaining. Upstairs, you’ll find generously sized bedrooms, a primary suite with a walk-in closet, and well-appointed bathrooms. Central cooling ensures year-round comfort, and the manageable 3,920sq ft lot with backyard turf means low maintenance without sacrificing outdoor space. Situated in Summerly, residents enjoy access to community pools (lap pool), splash zones, parks, walking trails, BBQ areas, and a golf course. Families will appreciate proximity to excellent schools such as CottonwoodCanyon Elementary, Canyon Lake Middle, and Temescal Canyon High. Just minutes away, you can catch a game or event at Storm Stadium, stroll the scenic lakefront, or explore nearby shopping, dining, and freeway access. Whether you’re relaxing at home, enjoying the resort style amenities, or immersing yourself in Lake Elsinore’s vibrant recreational scene, this property delivers the perfect blend of convenience, comfort, and community.
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades K-5 • 3.4 mi
Grades 6-8 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 90% |
| Square foot | 2,049 | 1,928 | 56% |
| Lot Size | 3,920 | 7,510 | 11% |
| Price | $605.0K | $595.0K | 56% |
| Price per sq ft | $295 | $309 | 45% |
| Built year | 2020 | 2004 | 66% |
| HOA | $122.0 | $0 | 58% |
| Days on market | 27 | 195 | 2% |
Mar 26, 2026
$605,000
Initial Listing
Oct 21, 2020
$467,500
Public Record