31634 Somerset Dr., Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 2 bath
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31634 Somerset Dr.
Lake Elsinore, California 92532
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,553Sq Ft
6,970Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$508,374
8% AboveMARKET VALUE
SUMMARY
This Single-Story Residential Asset represents a Strong Value Opportunity, listed at $550,000—positioned above the $508,375 Fair Market Value by 8%. While the property requires cosmetic updates given its Fair Condition Rating, the 1,553 sqft open floor plan and Corner Lot provide a solid foundation for value-add improvements. Located in the Tuscany Hills area with Mountain Views and proximity to Lake Elsinore Unified schools, this home offers a strategic commuter location. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term growth.
Estimated Market Value
$508,374
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31634 Somerset Dr. Subject 3 bd · 2 ba · 1,553 sqft · $327 | $550,000* List Price | 3 | 2 | 1,553 | $327 | - |
A 31611 Saddle Ridge Sold 3 bd · 2 ba · 2,068 sqft · $266 · 0.1 mi | $550,000 | 3 | 2 | 2,068 | $266 | 0.1 mi |
B 25 Corte Lateuza Sold 4 bd · 3 ba · 2,065 sqft · $305 · 0.9 mi | $629,000 | 4 | 3 | 2,065 | $305 | 0.9 mi |
C 31685 Canyon Ridge Active 4 bd · 3 ba · 2,123 sqft · $283 · 0.2 mi | $600,000 List Price | 4 | 3 | 2,123 | $283 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1999 (25 years old), the home is functional but dated. While it features updated dark wood-style flooring, the visible tiled countertops and interior fixtures are consistent with the original construction era. No major renovations to systems or kitchens are mentioned, placing it in the 20+ year 'Fair' category requiring cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Single-Story Layout
The highly sought-after single-story floor plan offers excellent accessibility and a seamless flow, making it an ideal choice for a wide range of buyers from young families to retirees.
- Prime Corner Lot Position
Situated on a 6,970 sqft corner lot, the property provides enhanced privacy, superior curb appeal, and additional outdoor space compared to standard interior lots.
- Strategic Commuter Location
Located in the Tuscany Hills area with immediate access to the I-15 freeway, this home offers a convenient commute to Temecula and San Diego while remaining close to major shopping and dining.
CONSRISKS & DEFICIENCIES
- Modest Square Footage
At approximately 1,553 square feet, the interior living space may feel restrictive for larger families or those requiring dedicated home office and bonus room areas.
- Potential for Modernization
Built in 1999, the home may require cosmetic updates or system upgrades to meet the aesthetic and energy-efficiency standards of more modern residential builds.
About 31634 Somerset Dr.
Tuscany Hills Area – Single-Story 3 Bedroom Home on Corner Lot! Welcome, a lovely single-story, 3-bedroom, 2-bath home located in the desirable Tuscany Hills area. Offering approximately 1,553 square feet, this home sits on a corner lot and features a spacious open floor plan designed for comfortable everyday living. The kitchen features a large breakfast island that opens to the main living area, providing a great space for dining, entertaining, or gathering with family and friends. The primary bedroom includes a walk-in closet, and the home also features a covered patio, providing additional space to relax and enjoy the outdoors. Conveniently located near the I-15 Freeway, this property offers easy commuter access and is close to shopping, dining, and the Lake Elsinore Outlets. The location also provides convenient access south toward Temecula and San Diego. updated photos coming
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Railroad Canyon Elementary School
Grades K-5 • 0.8 mi
3/10
Canyon Lake Middle School
Grades 6-8 • 2.5 mi
6/10
Temescal Canyon High School
Grades 9-12 • 3.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,553 | 2,014.188 |
| Lot Size | 6,970 | 7,537.856 |
| Price | $550.0K | $605.8K |
| Price per sq ft | $354 | $297 |
| Built year | 1999 | 2005 |
| HOA | $0 | $143 |
| Days on market | 9 | 70 |
Pricing History
Listed for Sale
Oct 15, 2026
$550,000
Initial Listing
Sold
Jun 9, 2003
$225,000
Public Record
Sold
Jun 7, 2002
$195,000
Public Record
Sold
Jun 28, 1999
$150,000
Public Record