33374 Riverside Drive Lot 55 Lot 55, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This New Construction Single-Story Home is a Prime Investment Opportunity, listed at $569,000—positioned well below the $582,475 Fair Market Value by 2%. This valuation gap offers $13,475 in Instant Equity for the buyer. Boasting a Pristine Condition Rating, the Alder Plan 1 features a versatile den, energy-efficient systems, and a spacious two-bay garage. Situated in the Echo Highlands community within the Lake Elsinore Unified district, this property combines financial safety with modern comfort. It is perfectly suited for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33374 Riverside Drive Lot 55 Lot 55 Subject | $569,000* List Price | 2 | 2 | 1,758 | $325 | - |
A 15219 Laguna Ave Sold | $639,000 | 4 | 3 | 1,941 | $329 | 0.2 mi |
B 15325 Darnell Dr Lot 62 Lot 62 Sold | $570,507 | 3 | 2 | 1,569 | $364 | 0.0 mi |
C 32976 Middlegate Sold | $508,000 | 3 | 3 | 1,794 | $283 | 0.4 mi |
D 33300 Dayspring Ct Lot 39 39 Sold | $655,098 | 3 | 2 | 1,941 | $338 | 0.1 mi |
E 15300 Darnell Dr Lot 77 Lot 77 Sold | $626,086 | 3 | 2 | 1,758 | $356 | 0.1 mi |
F 32921 Middlegate Sold | $551,610 | 4 | 3 | 2,021 | $273 | 0.6 mi |
G 15294 Highland Park Court Active | $599,000 List Price | 3 | 2 | 1,758 | $341 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a brand new construction with a 'year_built' of 2026, indicating it is either just completed or will be soon. The description highlights it as a 'pristine, modern home with the latest building standards, energy efficiency, and builder warranties.' The provided image, likely a rendering or model home photo, shows a contemporary exterior. All systems, finishes, and features are expected to be new, meeting current quality standards with no deferred maintenance.
The property is a 2026 build, offering buyers a pristine, modern home with the latest building standards, energy efficiency, and builder warranties, minimizing immediate maintenance concerns.
This design provides universal appeal, offering ease of access, convenience, and a desirable layout for various demographics, including those seeking accessibility or a simpler lifestyle.
The inclusion of a dedicated den significantly enhances the home's functionality, providing flexible space for a home office, hobby room, media center, or potential guest area.
The monthly association fee of $120 adds a recurring cost to homeownership, which can impact a buyer's overall budget and affordability.
With only two dedicated bedrooms, the property may not cater to larger families or buyers who require more private sleeping quarters, potentially narrowing the target market.
While a new build, the list price of $569,815 for a two-bedroom home, even with a den, might be perceived as a higher entry point for some buyers when considering the number of dedicated bedrooms.
Experience convenience and style in Alder Plan 1 at Echo Highlands. This single-story home features two bedrooms, two baths, a versatile den, and a spacious two-bay garage. With thoughtfully designed features throughout, it offers a perfect blend of comfort and functionality.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,758 | 1,924 | 41% |
| Lot Size | - | 7,405 | 3% |
| Price | $569.0K | $595.0K | 38% |
| Price per sq ft | $324 | $310 | 58% |
| Built year | 2026 | 2004 | 99% |
| HOA | $120.0 | $0 | 57% |
| Days on market | 78 | 195 | 11% |
Apr 4, 2026
$569,000
$572,527
-1% Price Drop
Initial Listing
Mar 21, 2026
$572,527
$569,000
+1% Price Increase
Initial Listing
Feb 28, 2026
$569,000
$569,815
+0% Price Increase
Initial Listing
Feb 7, 2026
$569,815
$563,500
+1% Price Increase
Initial Listing
Feb 3, 2026
$563,500
Initial Listing