
Lake Elsinore, California 92530
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $650,000—positioned well below the $664,542 Fair Market Value by 2%. This valuation gap provides $14,542 in Instant Equity. Featuring a Modern Open-Concept Layout and a Fair Condition Rating, the home offers significant upside through cosmetic updates. Located in the Summerly Community with Hills Views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29155 Bottlebrush Subject | $650,000* List Price | 4 | 3 | 2,620 | $254 | - |
A 29118 Carrotwood Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.0 mi |
B 29120 Tanoak Sold | $634,500 | 4 | 3 | 2,442 | $260 | 0.1 mi |
C 29162 Brittbush Sold | $635,000 | 4 | 3 | 2,442 | $260 | 0.1 mi |
D 29329 Saltbush Sold | $750,000 | 4 | 4 | 2,952 | $254 | 0.5 mi |
E 29133 Carrotwood Sold | $628,000 | 4 | 4 | 2,442 | $257 | 0.1 mi |
F 29275 Royal Aberdeen Sold | $685,000 | 5 | 4 | 2,854 | $240 | 0.7 mi |
G 29325 Links Active Under Contract | $619,900 List Price | 4 | 3 | 2,586 | $240 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, the property is less than 10 years old and features a modern open-concept kitchen with contemporary cabinetry, stone countertops, and stainless steel appliances. While the description mentions minor cosmetic updates like paint and flooring, the age of the systems and overall mint condition of the kitchen and baths meet the 'Excellent' criteria.
Built in 2019, this spacious 2,620 sqft home features a contemporary open-concept kitchen and family room, a versatile upstairs loft, and a highly desirable downstairs bedroom and bath.
Located in the sought-after Summerly community, residents benefit from premium amenities including parks, walking trails, and recreational facilities with convenient freeway and shopping access.
The property is priced to allow for cosmetic updates, offering a fantastic opportunity for buyers to build immediate equity by customizing the paint and flooring to their personal taste.
The home requires immediate investment in new flooring and interior paint, which may deter buyers looking for a completely turnkey, move-in-ready experience.
The assigned elementary and middle schools currently hold lower ratings (3 and 4), which could be a consideration for families prioritizing high-performing educational districts.
Welcome to the highly desirable Summerly community! This spacious 5-bedroom, 2.5-bath home features an open-concept kitchen and family room, a versatile upstairs loft, and a convenient downstairs bedroom and full bath perfect for guests. The home offers great potential and is ready for your personal touch with some cosmetic updates including paint and flooring. Enjoy Summerly’s incredible amenities including parks, walking trails, and recreational facilities. Conveniently located near shopping, dining, schools, and freeway access. A fantastic opportunity to own in one of the area’s most sought-after neighborhoods! Buyer to verify all information.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 3.1 mi
Grades 6-8 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,620 | 1,929 | 88% |
| Lot Size | 6,534 | 7,319 | 42% |
| Price | $650.0K | $595.0K | 74% |
| Price per sq ft | $248 | $305 | 12% |
| Built year | 2019 | 2003 | 68% |
| HOA | $135.0 | $0 | 80% |
| Days on market | 11 | 169 | 2% |
May 26, 2026
$650,000
Initial Listing
Jan 10, 2020
$212,500
Public Record