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29306 Summer House Lane, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

29306 Summer House Lane, Lake Elsinore, California 92530 home-pic-0
ACTIVE$549,999
29306 Summer House Lane, Lake Elsinore, California 92530
4Beds
3Baths
1,769Sqft
3,485Lot

Price Vs. Estimate

The estimated value ($549,999) is $0 (0%) lower than the list price ($549,999). This property may be overpriced.

Key pros and cons

Top Pros:
Master-Planned Community Amenities: Located in the highly sought-after Summerly community, offering extensive amenities including pools, multiple parks, trails, and a clubhouse for private events.
Top Cons:
Ongoing Association Fees: The property is subject to a monthly association fee of $122, which adds a recurring cost to homeownership.

Compared to the nearby listings

Price:$550.0K vs avg $585.9K ($-35,859)30%
Size:1,769 sqft vs avg 1,884 sqft46%
Price/sqft:$311 vs avg $31946%

More Insights

Built in 2018 (7 years old).
Condition: Built in 2018, this property is only 6 years old and presents as virtually new. The kitchen features modern white shaker cabinets, granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are clean with contemporary fixtures. The home boasts consistent wood-look laminate flooring throughout, recessed lighting, and an open-concept layout with high ceilings, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Year Built
2018
Close
-
List price
$550K
Original List price
$570K
Price/Sqft
$311
HOA
$122
Days on market
-
Sold On
-
MLS number
IG25124043
Home ConditionExcellent
Features
ViewNeighborhood

About this home

UNIQUE LAYOUT! PRIMARY BEDROOM on the first floor and in the perfect location!! This beautiful property is located in the highly sought-after master-planned community of Summerly, offering all the amenities you could ask for! Pools, multiple parks, trails, and a clubhouse for private events. Best of all you are centrally located to all the shops, 15 freeway, The Links Golf Course, Storm Baseball Stadium, and movie theatre! The spacious layout features high ceilings and an open concept for the living area and kitchen. You will find one guest bedroom and full bathroom on the first floor and the PRIMARY BEDROOM on THE FIRST FLOOR AS WELL! The first floor has plenty of storage space and access to the spacious laundry room. As you work your way upstairs you will find two spacious additional bedrooms and a full bathroom. This home is perfect for entertaining with a finished backyard and the community club house & pool right across the street! The home also has a solar lease that is only $72!! Schedule a tour today!

Nearby schools

4/10
William Collier Elementary School
Public,•K-5•2.1mi
5/10
Wildomar Elementary School
Public,•K-5•3.4mi
3/10
David A. Brown Middle School
Public,•6-8•4.0mi
5/10
Elsinore High School
Public,•9-12•2.0mi
Condition Rating
Excellent
Built in 2018, this property is only 6 years old and presents as virtually new. The kitchen features modern white shaker cabinets, granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are clean with contemporary fixtures. The home boasts consistent wood-look laminate flooring throughout, recessed lighting, and an open-concept layout with high ceilings, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Pros & Cons

Pros

Master-Planned Community Amenities: Located in the highly sought-after Summerly community, offering extensive amenities including pools, multiple parks, trails, and a clubhouse for private events.
Strategic Location & Accessibility: Centrally positioned with convenient access to the I-15 freeway, various shops, The Links Golf Course, Storm Baseball Stadium, and a movie theatre.
Modern & Versatile Layout: Features high ceilings, an open-concept living area and kitchen, and a unique layout with both the primary bedroom and a guest bedroom on the first floor, enhancing accessibility and flexibility.
Entertainment & Recreation Ready: Includes a finished backyard and direct proximity to the community clubhouse and pool (right across the street), ideal for entertaining and immediate access to recreational facilities.
Cost-Effective Solar Lease: Benefits from an existing solar lease with a low monthly payment of only $72, contributing to reduced energy expenses for the homeowner.

Cons

Ongoing Association Fees: The property is subject to a monthly association fee of $122, which adds a recurring cost to homeownership.
Limited Lot Size: With a lot size of 3485 sqft, the outdoor space is relatively compact, which may not appeal to buyers desiring a larger yard for extensive landscaping or outdoor activities.
Recent Price Reduction History: The listing has undergone multiple price reductions, potentially indicating initial overpricing or market resistance, which could influence buyer perception of value.

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