31685 Canyon Ridge, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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31685 Canyon Ridge
Lake Elsinore, California 92532
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,123Sq Ft
6,534Lot Size
Property Price
LIST PRICE$600,000
EST. MARKET VALUE
$567,274
5% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $600,000—positioned well below the $581,264 Fair Market Value by -3%. Featuring a Fair Condition Rating, the home offers a 3-car garage and gated RV parking, providing significant utility. While the interior retains original finishes, the spacious backyard and primary suite balcony offer immediate lifestyle appeal. Located near major shopping and commuter routes, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, well-located asset with room for modernization.
Estimated Market Value
$567,274
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 |
|---|---|---|---|---|---|---|
★ 31685 Canyon Ridge Subject 4 bd · 3 ba · 2,123 sqft · $267 | $600,000* List Price | 4 | 3 | 2,123 | $267 | - |
A 31771 Indian Spring Sold 5 bd · 3 ba · 2,671 sqft · $228 · 0.2 mi | $610,000 | 5 | 3 | 2,671 | $228 | 0.2 mi |
B 31611 Saddle Ridge Sold 3 bd · 2 ba · 2,068 sqft · $266 · 0.3 mi | $550,000 | 3 | 2 | 2,068 | $266 | 0.3 mi |
C 25 Corte Lateuza Sold 4 bd · 3 ba · 2,065 sqft · $305 · 0.7 mi | $629,000 | 4 | 3 | 2,065 | $305 | 0.7 mi |
D 34 Corte Rivera Pending 6 bd · 3 ba · 2,745 sqft · $223 · 0.5 mi | $613,035 List Price | 6 | 3 | 2,745 | $223 | 0.5 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 2001, the property is 23 years old, placing it in the 'Fair' category based on age criteria. While the interior shows some updates like newer laminate flooring and recessed lighting, the overall aesthetic, including the carpeting, wooden banisters, and ceiling fans, appears original to the build. The home is well-maintained and move-in ready, but the kitchen and bathrooms likely require modernization to move out of the dated category.
PROSSTRENGTHS & OPPORTUNITIES
- Ample Parking & RV Access
The property features a rare three-car attached garage and gated RV parking, providing significant utility for multiple vehicles and outdoor recreational storage.
- Primary Suite Retreat
The primary bedroom includes a private, oversized second-story balcony, offering a dedicated outdoor space for relaxation and fresh air.
- Prime Commuter Location
Ideally situated near major shopping hubs like Canyon Hills Marketplace and the Outlets at Lake Elsinore, with quick access to the freeway for efficient commuting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Low Elementary School Rating
The property is zoned for Railroad Canyon Elementary, which currently holds a lower rating of 3/10, potentially impacting appeal for families with young children.
- Lack of Scenic Views
Despite its location in the Lake Elsinore Hills, the property lacks the elevated views often sought after in this specific geographic area.
About 31685 Canyon Ridge
Ideally located in Lake Elsinore Hills, near Canyon Hills. This spacious residence offers 4 bedrooms, 2.5 bathrooms. The kitchen includes a walk-in pantry for added storage and everyday convenience. Upstairs the primary suite opens to a large second floor balcony, an inviting spot to enjoy fresh air and outdoor relaxation. A spacious backyard offers room to relax, entertain or create an ideal outdoor retreat. Three-car garage attached with a gated RV parking. Enjoy convenient access to Canyon Hills Marketplace, Lake Elsinore Square and Outlets at Lake Elsinore, along with nearby freeway access for easier commuting.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 1.0 mi
3/10
Canyon Lake Middle School
Grades 6-8 • 2.3 mi
6/10
Temescal Canyon High School
Grades 9-12 • 4.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,123 | 2,014.188 |
| Lot Size | 6,534 | 7,537.856 |
| Price | $600.0K | $605.8K |
| Price per sq ft | $283 | $297 |
| Built year | 2001 | 2005 |
| HOA | $0 | $143 |
| Days on market | 43 | 70 |
Pricing History
Listed for Sale
Sep 11, 2026
$600,000
Initial Listing
Sold
Dec 24, 2003
$320,000
Public Record