3319 Banyon, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This Single-Family Residence is a Strong Value Opportunity, listed at $545,888—positioned well below the $553,384 Fair Market Value by 1.36%. This valuation gap offers $7,496 in Instant Equity. Featuring a Fair Condition Rating, the home offers a functional 1,941 sqft layout on a quiet cul-de-sac with Mountain Views. While the kitchen awaits modernization, the proximity to Terra Cotta Middle School adds long-term stability. This property is an ideal acquisition for Owner-Occupants seeking a value-add home or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3319 Banyon Subject | $545,888* List Price | 3 | 2 | 1,941 | $285 | - |
A 15128 Versailles Sold | $566,000 | 3 | 2 | 1,800 | $314 | 1.0 mi |
B 3884 Ash Street Sold | $545,000 | 3 | 2 | 1,941 | $281 | 0.1 mi |
C 4108 Ballantree Street Sold | $560,000 | 3 | 2 | 1,714 | $327 | 0.3 mi |
D 3273 Fig Court Sold | $660,000 | 4 | 3 | 2,090 | $316 | 0.3 mi |
E 29193 Sunswept Drive Sold | $575,000 | 4 | 2 | 1,771 | $325 | 1.0 mi |
F 29013 Coconut Sold | $575,000 | 4 | 2 | 1,656 | $347 | 0.5 mi |
G 186 S Massachusetts Sold | $660,000 | 4 | 3 | 1,928 | $342 | 0.8 mi |
H 29508 Westwind Sold | $678,000 | 4 | 3 | 2,214 | $306 | 0.7 mi |
I 300 Date Street Active | $599,000 List Price | 4 | 3 | 2,090 | $287 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old, placing it just into the 'Fair' category. While the home is exceptionally clean and move-in ready, the kitchen remains dated with original tile countertops and older black appliances, and the systems are likely approaching the end of their primary lifecycle.
Situated on a quiet cul-de-sac in the hills above McVicker Park, the property offers serene mountain views and enhanced privacy with no through traffic.
The 1,941 sqft single-level floor plan is highly sought after for its accessibility, featuring a spacious master suite with double doors and a large walk-in closet.
Located just 0.12 miles from Terra Cotta Middle School and within 0.75 miles of Rice Canyon Elementary, the home offers unparalleled convenience for families.
The assigned public schools have ratings ranging from 3 to 6, which may be a drawback for buyers prioritizing high-performing educational districts.
The property includes a $160 monthly association fee, which increases the monthly carrying cost compared to nearby non-HOA residential options.
YOUR DREAM HOME IS FINALLY HERE!!! Single story home in one of the best locations of Lake Elsinore - in a cul-de-sac on the hills above McVicker Park. Super quiet area surrounded by serene mountain views. 3 bedrooms and 2 baths. Great floor plan!! Large walk-in closet in the master. Linen closets and double doors of master bedroom. Large, private backyard!! HOMES LIKE THIS ONE DON'T COME ON THE MARKET THAT OFTEN!! HURRY...DON'T MISS YOUR CHANCE!!!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,941 | 1,973 |
| Lot Size | 6,970 | 6,970 |
| Price | $545.9K | $601.5K |
| Price per sq ft | $281 | $293 |
| Built year | 2005 | 2004 |
| HOA | $160.0 | $146 |
| Days on market | 19 | 64 |
Jul 3, 2026
$545,888
Initial Listing
Dec 31, 2019
$369,000
Public Record
May 18, 2015
$290,000
Public Record
Oct 13, 2011
$179,500
Public Record
Mar 24, 2006
$397,000
Public Record