2916 Elm Tree Court, Spring Valley, California 91978, Spring Valley, 91978 - 2 bed, 2 bath
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Spring Valley, California 91978
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $399,990—positioned well below the $473,907 Fair Market Value by 15%. This valuation gap provides $73,917 in Instant Equity for the buyer. Featuring a Mint Condition Rating with $25,000 in recent upgrades, including a renovated kitchen and new appliances, this home offers immediate comfort. With rare 3-car parking and proximity to community park amenities, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2916 Elm Tree Court Subject | $399,990* List Price | 2 | 2 | 916 | $517 | - |
A 3065 Charwood Ct Sold | $480,000 | 2 | 2 | 935 | $513 | 0.1 mi |
B 2914 Elm Tree Ct Sold | $490,000 | 2 | 2 | 916 | $535 | 0.0 mi |
C 3037 Chipwood Court Sold | $494,000 | 2 | 2 | 916 | $539 | 0.1 mi |
D 2976 Anawood Way Sold | $415,000 | 2 | 1 | 928 | $447 | 0.1 mi |
E 3016 Charwood Ct Sold | $475,000 | 2 | 1 | 928 | $512 | 0.1 mi |
F 2926 Alwood Court Sold | $480,000 | 2 | 2 | 916 | $524 | 0.1 mi |
G 3067 Charwood Ct Active | $465,000 List Price | 2 | 2 | 916 | $508 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent renovation (under 5 years) featuring a remodeled kitchen with modern countertops, new flooring throughout, and new appliances. With $25,000 in recent upgrades and central A/C, the unit is in mint, move-in ready condition.
The property features approximately $25,000 in recent upgrades, including a renovated kitchen, new flooring, and new appliances, offering a modern, move-in-ready experience.
Rare for a condominium, this unit provides three total parking spaces—one covered carport with extra storage and two HOA permits—offering significant convenience for multi-vehicle households.
Situated directly adjacent to a comprehensive community park with pickleball and basketball courts, the home also benefits from HOA amenities including a pool, spa, and security patrol.
The monthly association fee of $497 is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for some buyers.
At 916 square feet for a two-bedroom, two-bathroom layout, the interior dimensions are somewhat modest, which may feel restrictive for those requiring more spacious living areas.
Welcome to 2916 Elm Tree Court, a beautifully updated 2-bedroom, 2-bathroom condo in a peaceful and highly desirable community. This bright and inviting home features a renovated kitchen and new flooring with approximately $25,000 in seller upgrades (receipts available), along with a new dishwasher, new microwave, and new in-unit laundry appliances. Enjoy year-round comfort with central A/C, a cozy gas fireplace, and a private patio perfect for relaxing outdoors. The property includes 3 parking spaces total: 1 covered carport with extra storage (#39) plus 2 HOA parking permits. HOA amenities include a pool, spa, security patrol, updated roofs and carports, and a well-maintained smoke-free community. Located next to the community city park featuring pickleball courts, basketball courts, picnic areas, track & field, and softball fields, with additional park improvements nearing completion. This move-in ready home offers comfort, convenience, and great community amenities all in one!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 916 | 916 | 50% |
| Lot Size | - | - | 50% |
| Price | $400.0K | $480.0K | 11% |
| Price per sq ft | $437 | $513 | 11% |
| Built year | 1986 | 1986 | 50% |
| HOA | $497.0 | $497 | 50% |
| Days on market | 24 | 161 | 11% |
May 13, 2026
$399,990
Initial Listing
Feb 15, 2024
$477,000
Public Record