Realkey.ai
RealKey
‪(213) 433-7766‬

30867 Via Bonica, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 3 bath

30867 Via Bonica, Lake Elsinore, California 92530 home-pic-0
ACTIVE$860,000$3,237/sqft
Est. Value: $948,783
10%
BelowEstimate
30867 Via Bonica, Lake Elsinore, California 92530
5Beds
3Baths
3,237Sqft
20,473Lot

Price Vs. Estimate

The estimated value ($948,783.355) is $88,783.355 (10%) higher than the list price ($860,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 3237.
Top Cons:
Outstanding Solar Panel Payments: While beneficial, the solar panels are not fully paid off, meaning a buyer will inherit an ongoing financial obligation for the remaining 10 panels.

Compared to the nearby listings

Price:$860.0K vs avg $587.6K (+$272,405.5)98%
Size:3,237 sqft vs avg 1,888.5 sqft98%
Price/sqft:$266 vs avg $32025%

More Insights

Built in 2003 (23 years old).
Condition: Built in 2003, this property is well-maintained and move-in ready with no immediate renovations required. The kitchen features functional wood cabinetry, granite countertops, and a mix of updated stainless steel and black appliances. Bathrooms are clean and functional with double vanities and a separate tub/shower in the master. While the overall style of the kitchen and bathrooms reflects the home's age and is not fully modernized, all major systems and components appear to be in good working order with minimal wear and tear, aligning with the 'Good' condition criteria.
Year Built
2003
Close
-
List price
$860K
Original List price
$860K
Price/Sqft
$266
HOA
$37
Days on market
-
Sold On
-
MLS number
IG25280861
Home ConditionGood
Features
Excellent View: Mountain(s)
Spa
Patio
ViewMountain(s)

About this home

RARE OPPORTUNITY: Assume this VA loan with $750,000 remaining at an exceptional 3.25% interest rate. In today's market, this financing advantage alone could save you hundreds of thousands over the life of your loan. This impressive 5-bedroom, 2.5-bathroom home offers 3,237 square feet of thoughtfully designed living space on a nearly half-acre lot with breathtaking scenic views of the Cleveland National Forest and Ortega Mountains. 5th Bedroom is combined with the main bedroom and is currently being used as an office space. Built in 2003, the property combines space, value, and location in the sought after neighborhood of Rancho La Laguna. Key Features: -Expansive backyard on nearly 0.5 acre with ADU potential (permits not yet obtained) -4-car garage parking (two separate 2-car garages) -Lots of parking on both sides of house for rv, trailer, boat, etc. Electric and water hookups for RV/ Trailer as well. -Solar panels (10 are still being paid off) -Panoramic mountain views -Safe, family-friendly neighborhood with minimal HOA ($30/month)

E
Evan Janse
Listing Agent

Price History

Date
Event
Price
01/13/22
Sold
$790,000
08/07/12
Sold
$260,000
Condition Rating
Good
Built in 2003, this property is well-maintained and move-in ready with no immediate renovations required. The kitchen features functional wood cabinetry, granite countertops, and a mix of updated stainless steel and black appliances. Bathrooms are clean and functional with double vanities and a separate tub/shower in the master. While the overall style of the kitchen and bathrooms reflects the home's age and is not fully modernized, all major systems and components appear to be in good working order with minimal wear and tear, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 3237.
Exceptional VA Loan Assumption: The assumable VA loan with a $750,000 balance at an exceptional 3.25% interest rate presents a significant financial advantage, potentially saving a buyer hundreds of thousands over the loan's life.
Generous Lot & Outdoor Amenities: A nearly half-acre lot offers expansive outdoor space, includes dedicated RV/trailer parking with electric and water hookups, and provides future ADU potential.
Breathtaking Panoramic Views: The property boasts breathtaking scenic views of the Cleveland National Forest and Ortega Mountains, enhancing its aesthetic appeal and desirability.
Spacious Living & Ample Garaging: With 3,237 sqft of thoughtfully designed living space and a unique 4-car garage configuration (two separate 2-car garages), the home offers substantial room and parking capacity.
Energy Efficiency & Desirable Neighborhood: Equipped with solar panels for reduced energy costs and situated in a safe, family-friendly neighborhood with a remarkably low HOA fee of $30/month.

Cons

Outstanding Solar Panel Payments: While beneficial, the solar panels are not fully paid off, meaning a buyer will inherit an ongoing financial obligation for the remaining 10 panels.
ADU Permits Not Secured: The significant ADU potential requires the buyer to obtain all necessary permits, which can involve additional time, effort, and cost before development can begin.
Flexible 5th Bedroom Configuration: The 5th bedroom is currently combined with the main bedroom and used as an office, which may require modification for buyers seeking five distinct, separate bedrooms.
Browse Properties by State Browse housing market trends by state