36556 Obaria Way, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Canyon Hills Pool Home is a Strong Value Opportunity, listed at $628,000—positioned well below the $673,674 Fair Market Value by 6%. This valuation gap provides $45,674 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the residence features a Private Pool and Spa with waterfalls, energy-efficient Solar Panels, and proximity to Paloma Valley High School. This bank-owned asset combines move-in readiness with significant financial upside, making it an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36556 Obaria Way Subject | $628,000* List Price | 4 | 3 | 3,264 | $206 | - |
A 36250 Pursh Drive Sold | $640,000 | 5 | 3 | 3,102 | $206 | 0.6 mi |
B 36696 Pavic Court Sold | $700,000 | 5 | 3 | 3,721 | $188 | 0.2 mi |
C 36745 Braken Way Sold | $790,000 | 5 | 3 | 3,242 | $244 | 0.1 mi |
D 34267 Chaparossa Drive Sold | $610,000 | 4 | 3 | 2,694 | $226 | 1.0 mi |
E 34326 Heather Ridge Court Active | $660,000 List Price | 5 | 3 | 3,089 | $214 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2015, the property is approximately 11 years old, placing it in the 'Good' category. The kitchen and baths feature modern finishes including granite countertops, dark wood cabinetry, and stainless steel appliances. Systems appear functional with the addition of energy-efficient solar panels. While the 'as-is' bank-owned status and minor carpet wear are noted, the home remains well-maintained and move-in ready.
The property features a private backyard oasis with a pool, spa, dual waterfalls, and a 12-foot sliding glass door that seamlessly integrates indoor and outdoor entertaining spaces.
Spanning over 3,200 square feet, the floor plan includes a main-floor bedroom and bathroom plus two additional flex spaces, ideal for remote work, a home gym, or multi-generational living.
Built in 2015, this home offers energy-saving solar panels and access to the Canyon Hills master-planned community's extensive parks, trails, and sports courts.
As a bank-owned property sold in as-is condition, buyers may face risks regarding deferred maintenance and will likely need to budget for immediate repairs or cosmetic updates.
The large 3,264 square foot home occupies a significant portion of the 6,534 square foot lot, which may result in a more compact feel for the outdoor yard space despite the pool.
36556 Obaria Way, Lake Elsinore, CA 92532 – 5-bedroom pool home in Canyon Hills, located in Lake Elsinore near Menifee and Canyon Lake with convenient access to Interstate 15 and Interstate 215. Situated on an approximately 6,534 square foot lot. Near to shopping, schools, parks, and a short drive to Temecula Valley Wine Country. Canyon Hills is a master-planned community offering parks, sports courts, walking trails, and recreational amenities. This Lake Elsinore pool home features an open-concept floor plan with a large great room, combining the living room and kitchen with a center island and laminate flooring throughout the main living areas. A 12-foot sliding glass door connects indoor and outdoor living, opening to a covered patio and private backyard designed for entertaining. Exterior highlights include a pool and spa with stone-accented retaining walls and dual waterfalls. The main level includes a downstairs bedroom and full bathroom, along with two additional office or flex spaces suitable for remote work, game room, or den. Upstairs includes four bedrooms with separation across the layout, including a secondary bedroom with ensuite bathroom. Additional features include solar for energy efficiency, functional layout, and access to major commuter routes between the 15 and 215 freeways. Bank-owned property sold as-is.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 2.2 mi
Grades K-5 • 4.2 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 | 3,264 | 2,533 | 88% |
| Lot Size | 6,534 | 7,405 | 38% |
| Price | $628.0K | $635.0K | 42% |
| Price per sq ft | $192 | $258 | 5% |
| Built year | 2015 | 2007 | 74% |
| HOA | $160.0 | $134 | 55% |
| Days on market | 33 | 186 | 1% |
May 4, 2026
$628,000
Initial Listing
May 9, 2022
$774,000
Public Record
Sep 15, 2015
$387,000
Public Record