33489 Cedar Creek, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
Loading property details...
33489 Cedar Creek
Lake Elsinore, California 92532
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,703Sq Ft
3,920Lot Size
Property Price
LIST PRICE$540,000
EST. MARKET VALUE
$505,188
6% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $550,000—positioned above the $515,621 Fair Market Value. While priced slightly above market, the home offers a Fair Condition Rating with recent cosmetic updates, including fresh paint and new carpet. Residents enjoy a lifestyle-focused community with three pools and proximity to top-rated schools like Tuscany Hills Elementary. With its 3-bedroom, 3-bath layout and scenic Hills View, this property is an ideal sanctuary for growing families or first-time buyers seeking a move-in ready home.
Estimated Market Value
$505,188
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 |
|---|---|---|---|---|---|---|
★ 33489 Cedar Creek Subject 3 bd · 3 ba · 1,703 sqft · $297 | $540,000* List Price | 3 | 3 | 1,703 | $297 | - |
A 32574 Wildflower Sold 3 bd · 3 ba · 1,911 sqft · $269 · 0.1 mi | $515,000 | 3 | 3 | 1,911 | $269 | 0.1 mi |
B 32477 Silver Creek Sold 3 bd · 3 ba · 1,911 sqft · $287 · 0.1 mi | $549,000 | 3 | 3 | 1,911 | $287 | 0.1 mi |
C 33496 Cedar Creek Sold 3 bd · 3 ba · 2,118 sqft · $273 · 0.0 mi | $579,000 | 3 | 3 | 2,118 | $273 | 0.0 mi |
D 33561 Cedar Creek Lane Sold 3 bd · 3 ba · 2,116 sqft · $248 · 0.3 mi | $525,000 | 3 | 3 | 2,116 | $248 | 0.3 mi |
E 31938 Honeysuckle Sold 3 bd · 3 ba · 1,770 sqft · $316 · 0.4 mi | $559,000 | 3 | 3 | 1,770 | $316 | 0.4 mi |
F 34254 Woodmont Active 3 bd · 3 ba · 1,767 sqft · $308 · 0.6 mi | $545,000 List Price | 3 | 3 | 1,767 | $308 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is 22 years old (built in 2004), placing it in the Fair category based on age. While it features recent cosmetic updates like fresh paint and new carpet, the kitchen and bathrooms remain dated with original 2000s-era tile countertops, cabinetry, and appliances.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The home is move-in ready with fresh interior paint, new carpeting, and refreshed landscaping, offering a hassle-free transition for buyers seeking a clean, updated space.
- Extensive Community Amenities
Located in Canyon Hills, the property provides access to three community pools, tennis courts, a dog park, and frequent neighborhood events, significantly enhancing the lifestyle value.
- Exceptional School Proximity
The residence is ideally situated within walking distance (less than 0.25 miles) of both Cottonwood Canyon Elementary and Canyon Lake Middle School, a major draw for families.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of 3,920 square feet, the private outdoor space is relatively compact, which may be a drawback for buyers seeking a large backyard or extensive gardening space.
- High School Commute
While primary schools are very close, the assigned high school is located over six miles away, potentially posing a daily commuting inconvenience for families with older children.
About 33489 Cedar Creek
Welcome home to this light and bright 3-bedroom, 2-bath home in the Canyon Hills community of Lake Elsinore! With fresh paint throughout, new carpet, and refreshed landscaping, this home is clean, inviting, and ready for you to move right in. The kitchen opens to the living and dining areas, creating a spacious, connected layout that’s perfect for entertaining or just hanging out at home. The primary suite features plantation shutters, two walk-in closets, and a large ensuite with dual sinks, a soaking tub, and separate shower. You’ll also love the oversized upstairs laundry room—no hauling laundry up and down the stairs! Canyon Hills is all about enjoying the outdoors and connecting with the community, with three community pools, parks, tennis courts, a dog park, nearby schools, and plenty of open space throughout the neighborhood. Canyon Hills Sports Park is close by, and the community hosts fun events throughout the year, including outdoor movies, seasonal celebrations, and more. Surrounded by natural habitat and beautifully maintained common areas, Canyon Hills offers a great mix of neighborhood living and outdoor recreation. Fresh, bright, and move-in ready, this home is a great place to call home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $160.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Cottonwood Canyon Elementary School
Grades K-5 • 0.2 mi
5/10
Herk Bouris Elementary
Grades K-5 • 1.2 mi
6/10
Tuscany Hills Elementary School
Grades K-5 • 2.8 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,703 | 2,014.188 |
| Lot Size | 3,920 | 7,537.856 |
| Price | $540.0K | $605.8K |
| Price per sq ft | $317 | $297 |
| Built year | 2004 | 2005 |
| HOA | $160.0 | $143 |
| Days on market | 28 | 70 |
Pricing History
Listed for Sale
Oct 9, 2026
$540,000
$550,000
-2% Price Drop
Initial Listing
Price Change
Sep 26, 2026
$550,000
Initial Listing