29263 Gateway Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
29263 Gateway Drive
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 29263 Gateway Drive, Lake Elsinore, California 92530 reveals a property with a current list price of $690,000, which is 3% above the estimated $667,887 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29263 Gateway Drive Subject | $690,000* List Price | 4 | 3 | 2,595 | $257 | - |
A 29149 Edgewood Drive Sold | $645,000 | 4 | 3 | 2,350 | $274 | 0.2 mi |
B 29295 Gateway Drive Sold | $620,000 | 4 | 3 | 2,499 | $248 | 0.1 mi |
C 29371 High Ridge Drive Sold | $655,000 | 4 | 3 | 2,595 | $252 | 0.2 mi |
D 29224 Sandpiper Drive Sold | $685,000 | 4 | 3 | 2,499 | $274 | 0.6 mi |
E 29129 Evans Way Sold | $700,000 | 4 | 3 | 2,514 | $278 | 0.9 mi |
F 15031 Valencia Way Sold | $695,000 | 4 | 3 | 2,247 | $309 | 0.9 mi |
G 29267 Gateway Drive Active | $650,000 List Price | 4 | 3 | 2,499 | $260 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This property, built in 2007, is 17 years old, placing it within the 'Good' category's age range. It is move-in ready with no immediate functional renovations required. The kitchen features granite countertops and a mix of stainless steel appliances (though the microwave appears older), and the bathrooms are clean and functional, consistent with a well-maintained home of its age. While some aesthetic elements like the tile flooring and certain bathroom finishes reflect the original build year and are not fully modern, they are in good condition. The presence of solar panels adds to its value and efficiency.
PROSSTRENGTHS & OPPORTUNITIES
- Lake View & Community
Situated in the desirable Shore Point Community, this home offers a captivating lake view, enhancing its appeal and lifestyle.
- Energy Efficiency
Equipped with solar panels, the property provides significant energy savings and contributes to a lower carbon footprint.
- Spacious & Versatile Layout
Boasting 2595 sq ft with 4 bedrooms, 2.5 baths, a 3-car garage, a downstairs bedroom with a full bath, and an upstairs loft, it offers ample space and flexibility for various living arrangements.
CONSRISKS & DEFICIENCIES
- Unfinished Backyard
The exterior backyard is described as a 'blank canvas,' requiring significant investment and landscaping effort from the new owner to realize its full potential.
- Association Fee
The property is subject to a monthly association fee of $130.00, which adds to the recurring ownership costs.
- Lack of Mentioned Cooling System
While dual-pane windows are noted, the description does not explicitly mention a central air conditioning system, which could be a consideration for comfort during warmer months in Lake Elsinore.
About 29263 Gateway Drive
Welcome to this charming home located in the Shore Point Community situated with a Lake view. This home features 4 bedrooms, 2 1/2 bathrooms a 3-car garage with 2595 sq. ft of living space and 9148 sq ft lot with Solar Panels. As you enter the home you are greeted with a spacious living room and dining room with tile flooring and dual pane windows throughout. The kitchen is open to the Family room with a fireplace. The Kitchen features a center island with granite counter tops, stainless steel sink, dishwasher and gas stove and oven with an ample amount of cabinets and a dual sliding glass door leading to the backyard. The downstairs bedroom has laminate flooring a ceiling fan, walk in closet and plenty of natural light. The guest bathroom has a vanity and walk in shower. Upstairs there is a spacious loft with laminate flooring and a ceiling fan. The primary bedroom has laminate flooring a ceiling fan with a en suite that includes a double vanity, soaking tub, walk in shower, two separated walk-in closets. There is an individual laundry room with plenty of cabinets for storage. The two guest bedrooms have laminate flooring one has a walk-in closet and the other a sliding double door closet. They share a full bathroom with a separate area for the vanity and sink. The exterior of the home is a blank canvas with plenty of space to create a beautiful backyard. Conveniently located close to the 15 Freeway, close to downtown Lake Elsinore Shopping, Dining and Schools, this home is situated close to the park and within a great community. Come and make this your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $130.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Rice Canyon Elementary School
Grades K-5 • 0.7 mi
Terra Cotta Middle School
Grades 6-8 • 1.4 mi
Lakeside High School
Grades 9-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,595 | 1,868 | 83% |
| Lot Size | 9,148 | 7,841 | 67% |
| Price | $690.0K | $595.0K | 86% |
| Price per sq ft | $266 | $319 | 26% |
| Built year | 2007 | 2004 | 54% |
| HOA | $130.0 | $0 | 79% |
| Days on market | 260 | 194 | 77% |
Pricing History
Listed for Sale
Jun 20, 2025
$690,000
Initial Listing