34296 Deergrass Way, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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34296 Deergrass Way
Lake Elsinore, California 92532
ACTIVE UNDER CONTRACT
CONDITION: GOOD
4Beds
3Baths
2,022Sq Ft
5,663Lot Size
Property Price
LIST PRICE$519,000
EST. MARKET VALUE
$539,424
3% BelowMARKET VALUE
SUMMARY
This Modern Single-Story Residence is a Strong Value Opportunity, listed at $559,000—positioned well below the $562,018 Fair Market Value by 0.54%. This valuation gap offers $3,018 in Instant Equity for the buyer. Featuring a Good Condition Rating, this 2014-built home includes Energy-Efficient Solar and access to premium Cottonwood Community Amenities. With a functional 4-bedroom layout and proximity to local schools, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready, sustainable lifestyle.
Estimated Market Value
$539,424+$20,424 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 34296 Deergrass Way Subject 4 bd · 3 ba · 2,022 sqft · $267 | $519,000* List Price | 4 | 3 | 2,022 | $267 | - |
A 34261 Canyon Rim Sold 3 bd · 3 ba · 2,108 sqft · $289 · 0.2 mi | $610,000 | 3 | 3 | 2,108 | $289 | 0.2 mi |
B 34286 Canyon Rim Drive Sold 4 bd · 3 ba · 2,434 sqft · $238 · 0.1 mi | $580,500 | 4 | 3 | 2,434 | $238 | 0.1 mi |
C 34137 Camelina Sold 4 bd · 3 ba · 2,133 sqft · $299 · 0.4 mi | $638,000 | 4 | 3 | 2,133 | $299 | 0.4 mi |
D 34063 Corktree Road Sold 3 bd · 3 ba · 2,133 sqft · $281 · 0.7 mi | $600,000 | 3 | 3 | 2,133 | $281 | 0.7 mi |
E 34289 Hickory Sold 4 bd · 3 ba · 2,434 sqft · $255 · 0.0 mi | $620,000 | 4 | 3 | 2,434 | $255 | 0.0 mi |
F 35319 Trailside Drive Sold 4 bd · 3 ba · 2,707 sqft · $240 · 0.3 mi | $650,000 | 4 | 3 | 2,707 | $240 | 0.3 mi |
G 34232 Sweet Acacia Court Sold 4 bd · 3 ba · 2,108 sqft · $306 · 0.3 mi | $645,000 | 4 | 3 | 2,108 | $306 | 0.3 mi |
H 35516 Desert Rose Sold 5 bd · 3 ba · 2,800 sqft · $232 · 0.2 mi | $650,000 | 5 | 3 | 2,800 | $232 | 0.2 mi |
I 35115 Fennel Pending 4 bd · 3 ba · 1,963 sqft · $306 · 0.3 mi | $599,900 List Price | 4 | 3 | 1,963 | $306 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2014 (12 years old), this property falls within the 10-20 year range for a 'Good' rating. The kitchen is well-maintained with granite countertops and stainless steel appliances, and the home features energy-efficient solar systems. It appears move-in ready with functional, modern finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Single-Story Design
Built in 2014, this 2,022-square-foot single-story residence offers a highly desirable 4-bedroom, 3-bathroom layout that provides excellent accessibility and a contemporary flow for all life stages.
- Energy Efficiency
The property features a solar power system, offering significant value by reducing monthly utility costs and enhancing the home's long-term sustainability.
- Community Amenities
Located in the sought-after Cottonwood community of Canyon Hills, residents enjoy premium amenities including a pool, spa, and sports courts, all while being minutes from I-15 and local shopping.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The 5,663-square-foot lot is relatively modest for a home of this size, which may limit options for buyers seeking expansive private outdoor space or large-scale landscaping.
- Variable School Ratings
While the home is served by several schools, the ratings across the district are inconsistent, with some nearby middle and elementary schools performing below the area average.
About 34296 Deergrass Way
Welcome to this inviting single-story home in the desirable Canyon Hills neighborhood of Lake Elsinore, within the Cottonwood community. Built in 2014, this spacious 2,022-square-foot residence offers 4 bedrooms, 3 bathrooms, and a 2-car garage, with a comfortable layout designed for easy everyday living. Two additional features worth noting; Maytag washer and dryer included and garage has extensive built-in storage cabinets for your use. The home also features solar for added energy efficiency. Residents of the Cottonwood community enjoy access to amenities including a pool, spa, and sports courts. Conveniently located near Railroad Canyon Road, the home is close to a variety of dining, shopping, and everyday conveniences, while the nearby I-15 freeway provides easy access for commuting and exploring the surrounding area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2014
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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
Herk Bouris Elementary
Grades K-5 • 0.4 mi
6/10
Cottonwood Canyon Elementary School
Grades K-5 • 1.1 mi
5/10
Tuscany Hills Elementary School
Grades K-5 • 3.3 mi
8/10
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 | 2,022 | 2,014.188 |
| Lot Size | 5,663 | 7,537.856 |
| Price | $519.0K | $605.8K |
| Price per sq ft | $257 | $297 |
| Built year | 2014 | 2005 |
| HOA | $160.0 | $143 |
| Days on market | 15 | 70 |
Pricing History
Listed for Sale
Oct 11, 2026
$519,000
$559,000
-7% Price Drop
Initial Listing
Price Change
Oct 9, 2026
$559,000
Initial Listing
Sold
Dec 19, 2014
$331,000
Public Record