34308 Heather Ridge, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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Lake Elsinore, California 92532
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $670,000—positioned well below the $701,721 Fair Market Value by 4%. This valuation gap offers $31,721 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a Multi-Generational Suite, a Remodeled Kitchen, and an Assumable Solar System. Located in the Lake Elsinore Unified district with scenic Mountain Views, this property is an ideal fit for Owner-Occupants or multi-generational families seeking a modern, energy-efficient lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34308 Heather Ridge Subject | $660,000* List Price | 4 | 3 | 2,951 | $236 | - |
A 35427 Ocotillo Ct Sold | $630,000 | 4 | 3 | 3,023 | $208 | 0.5 mi |
B 35424 Saddle Hill Road Sold | $660,000 | 4 | 3 | 3,023 | $218 | 0.5 mi |
C 34267 Chaparossa Drive Sold | $610,000 | 4 | 3 | 2,694 | $226 | 0.2 mi |
D 35319 Trailside Drive Active | $639,900 List Price | 4 | 3 | 2,707 | $236 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2013 and features a recent comprehensive renovation including a newly remodeled kitchen with updated cabinetry, brand-new flooring, and fresh interior paint. The property is in mint, move-in-ready condition with modern systems and an added solar package.
The property features a highly desirable multi-generational suite, providing a private and flexible living space perfect for extended family, guests, or a home office.
With a newly remodeled kitchen, brand-new flooring, fresh carpet, and new interior paint, this home offers a contemporary and move-in-ready aesthetic.
The inclusion of an assumable solar system offers buyers an excellent opportunity for long-term energy savings and lower monthly utility costs.
The nearly 3,000 square foot home occupies a significant portion of the 5,663 square foot lot, resulting in a relatively small backyard space for outdoor recreation.
The list price was recently adjusted upward from $650,000 to $670,000, which may impact buyer perception of value or lead to appraisal challenges.
Welcome to 34308 Heather Ridge in the highly desirable Canyon Hills community of Lake Elsinore. This beautifully updated 5-bedroom, 3-bath home offers the perfect blend of modern upgrades, flexible living space, and exceptional value. One of the home's standout features is the highly sought-after multi-generational suite, ideal for in-laws, extended family, guests, or a private home office, providing both comfort and independence under one roof. Inside, you'll find a newly remodeled kitchen featuring updated cabinetry, stylish finishes, and a fresh contemporary design that seamlessly connects to the main living areas. Brand-new flooring, new carpet, and fresh interior paint throughout create a bright, clean, move-in-ready atmosphere. Adding even more value, this home includes an FHA assumable loan at an incredibly low 2.75% interest rate for qualified buyers—a rare opportunity in today's market that could provide significant monthly savings compared to current financing options. The assumable solar system further enhances affordability by offering potential long-term energy savings and lower utility costs. Conveniently located near top-rated schools, parks, shopping, dining, and commuter access, this turnkey home delivers the space, flexibility, and upgrades today's buyers are searching for. Opportunities like this don't come around often—especially with a 2.75% assumable FHA loan. Don't miss your chance to make this exceptional Canyon Hills home yours.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.4 mi
Grades K-5 • 3.3 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 | 2,951 | 2,533 | 73% |
| Lot Size | 5,663 | 6,970 | 23% |
| Price | $660.0K | $635.0K | 67% |
| Price per sq ft | $224 | $261 | 24% |
| Built year | 2013 | 2006 | 68% |
| HOA | $160.0 | $134 | 52% |
| Days on market | 0 | 191 | 2% |
Jun 8, 2026
$660,000
$670,000
-1% Price Drop
Initial Listing
May 31, 2026
$670,000
$650,000
+3% Price Increase
Initial Listing
May 15, 2026
$650,000
Initial Listing
Jun 28, 2019
$432,000
Public Record
Mar 8, 2018
$397,500
Public Record
Mar 21, 2014
$397,500
Public Record