29641 Vacation Drive, Canyon Lake, California 92587, Canyon Lake, 92587 - 4 bed, 4 bath

29641 Vacation Drive, Canyon Lake, California 92587 home-pic-0
ACTIVE$849,900
29641 Vacation Drive, Canyon Lake, California 92587
4Beds
4Baths
2,577Sqft
9,583Lot
Year Built
1993
Close
-
List price
$850K
Original List price
$870K
Price/Sqft
$330
HOA
$345
Days on market
-
Sold On
-
MLS number
SW25146408
Home ConditionGood
Features
Good View: Lake, Peek-A-Boo
ViewLake, Peek-A-Boo

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $849.9K(71th), sqft - 2577(70th), beds - 4(62th), baths - 4(81th).

Motivated seller! Location, location, location! Elegant Canyon Lake home featuring 4 bedrooms and 4.5 bathrooms, including a separate income-producing apartment. Recently remodeled with a brand-new kitchen, updated bathrooms, and fresh flooring! The spacious family room flows into a kitchen with a breakfast nook, and there’s a convenient full bathroom on the main level. Upstairs, you’ll find a large primary suite with a cozy fireplace, walk-in closet, and a stunning bathroom with double sinks, a big shower, and a relaxing bathtub. Step out onto your balcony and enjoy some lake views with your morning coffee! Two additional bedrooms and a full bathroom are also located upstairs. The 3-car garage includes a large bonus room that can be used as an office. The income-producing downstairs unit (please do not disturb tenant) has its own private entry and features a charming kitchenette, living room, bedroom, and one and a half bathrooms. For added convenience, the garage includes washer and dryer hookups.

Condition Rating
Good

The property was built in 1993, but the listing mentions recent remodeling including a new kitchen and updated bathrooms. The images confirm the updated bathrooms with modern fixtures and finishes. The main kitchen appears updated with modern appliances and cabinetry. However, the flooring in some areas (carpet) and the kitchenette in the income-producing unit appear less updated. Overall, the property presents as move-in ready with recent updates, but not a complete, recent renovation.
Pros & Cons

Pros

Income Potential: The separate downstairs unit offers significant income-producing potential, making it attractive to investors or buyers looking to offset mortgage costs.
Recent Remodel: The property has been recently remodeled with a brand-new kitchen, updated bathrooms, and fresh flooring, reducing immediate maintenance concerns.
Lake Views: The property offers lake views from the balcony, enhancing its desirability and providing a relaxing outdoor space.
Spacious Layout: With 4 bedrooms, 4.5 bathrooms, and a bonus room, the property provides ample space for a large family or those needing extra room for an office or hobbies.
Garage and Parking: The 3-car garage provides ample parking and storage space, a valuable asset for homeowners with multiple vehicles or storage needs.

Cons

Tenant Occupied Unit: The downstairs unit is currently tenant-occupied, which may limit immediate access and require adherence to tenant rights and lease agreements.
Association Fees: The monthly association fee of $345 adds to the overall cost of ownership and should be considered in the buyer's budget.
Slight Price Reduction: The recent price reduction from the original list price might indicate some challenges in the market or perceived value.

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