32509 Sprucewood, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $670,000—positioned well above the $531,046 Fair Market Value by -26%. While the list price exceeds current valuation, the property offers a versatile floor plan with a main-floor office and access to resort-style Canyon Hills amenities. With a Fair Condition Rating and original 2000s-era finishes, the home provides a canvas for cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants prioritizing school proximity and community lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32509 Sprucewood Subject | $670,000* List Price | 4 | 3 | 2,647 | $201 | - |
A 31952 Cedarhill Lane Sold | $682,000 | 5 | 3 | 2,902 | $235 | 0.4 mi |
B 31920 Cedarhill Sold | $680,000 | 5 | 4 | 2,630 | $259 | 0.4 mi |
C 35424 Saddle Hill Road Sold | $660,000 | 4 | 3 | 3,023 | $218 | 0.6 mi |
D 35427 Ocotillo Ct Sold | $630,000 | 4 | 3 | 3,023 | $208 | 0.7 mi |
E 32003 Cottage Glen Drive Sold | $635,000 | 4 | 3 | 2,491 | $255 | 0.6 mi |
F 35319 Trailside Drive Active | $650,000 List Price | 4 | 3 | 2,707 | $240 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002 (22 years old), the home falls into the fair category as it is over 20 years old with dated features. While it has updated LVP flooring and paint, the kitchen and bathrooms retain original 2000s-era white tile countertops, white appliances, and painted original cabinetry that would require modern updates.
The 2,647 sqft layout includes a highly desirable main-floor office that can serve as a 4th bedroom with an adjacent full bath, perfect for multi-generational living or remote work.
Located in Canyon Hills, the property offers access to extensive amenities including multiple pools, pickleball courts, a clubhouse, and hiking trails for a relatively low monthly HOA fee.
The home is ideally situated within walking distance (less than 0.4 miles) of both Cottonwood Canyon Elementary and Canyon Lake Middle School, providing significant convenience for families.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property listing indicates no specific views, which may be a disadvantage compared to other homes in the Lake Elsinore area that offer mountain or lake vistas.
With a lot size of 6,098 sqft, the backyard space is somewhat restricted for a home of this size, potentially limiting buyers who desire a large private yard or a private pool.
Welcome to Sprucewood, a spacious and inviting home located in the highly desirable community of Canyon Hills. From the moment you enter, you are greeted by soaring vaulted ceilings and an open-concept layout designed for both comfortable everyday living and entertaining. The family room flows seamlessly into the well-appointed kitchen featuring abundant cabinetry, generous prep space, and direct access to the backyard complete with a screened patio enclosure and low-maintenance artificial turf. The main level also offers a versatile bonus area ideal for a dining room, craft room, playroom, or secondary living space, along with a downstairs office that can easily serve as a 4th bedroom adjacent to a full bathroom. Upstairs features a convenient laundry room, two generously sized secondary bedrooms, an additional full bath, and a spacious primary suite with dual oversized closets and an en-suite bathroom featuring a soaking tub. Additional highlights include a direct-access 3-car garage and access to Canyon Hills resort-style amenities including multiple pools, clubhouse, pickleball courts, parks, dog park, barbecue and picnic areas, fire pits, and scenic biking and hiking trails.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.3 mi
Grades K-5 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,647 | 2,533 | 57% |
| Lot Size | 6,098 | 6,970 | 33% |
| Price | $670.0K | $635.0K | 71% |
| Price per sq ft | $253 | $261 | 46% |
| Built year | 2002 | 2006 | 22% |
| HOA | $134.0 | $134 | 50% |
| Days on market | 17 | 189 | 2% |
May 28, 2026
$670,000
Initial Listing
May 9, 2024
$625,000
Public Record
Jun 25, 2019
$407,500
Public Record
Sep 13, 2016
$355,000
Public Record
Jul 18, 2008
$275,000
Public Record
Oct 2, 2006
$489,000
Public Record