40989 Bankhall, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Move-In Ready Home is a Strong Value Opportunity, listed at $643,500—positioned well below the $672,416 Fair Market Value by 4%. This valuation gap offers $28,916 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, the home includes a Granite Kitchen, new wood-look tile, and a private backyard with stamped concrete patio. Located in the Lake Elsinore Unified district, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-quality lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40989 Bankhall Subject | $643,500* List Price | 4 | 3 | 2,955 | $228 | - |
A 41100 41100 Hatton Garden Sold | $644,888 | 4 | 3 | 3,049 | $212 | 0.2 mi |
B 39776 Strada Firenze Sold | $650,000 | 4 | 3 | 2,464 | $264 | 0.4 mi |
C 41048 Sunsprite Street Sold | $725,000 | 4 | 3 | 3,242 | $224 | 0.5 mi |
D 39580 Strada Pozzo Sold | $635,000 | 5 | 3 | 2,714 | $234 | 0.4 mi |
E 41307 Wizard Court Sold | $635,000 | 5 | 3 | 2,523 | $252 | 0.3 mi |
F 52982 Sweet Juliet Lane Sold | $635,000 | 4 | 3 | 2,643 | $240 | 1.0 mi |
G 52979 Astrid Way Active | $643,000 List Price | 4 | 3 | 2,710 | $237 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2012 (12 years old), the property qualifies as excellent due to recent renovations (<5 years) including newly installed wood-look tile and engineered wood flooring, fresh interior paint, and new kitchen appliances. The home is in mint, move-in ready condition with a remodeled fireplace and updated systems.
The property features significant recent improvements including new wood-look tile and engineered wood flooring, fresh interior paint, and a remodeled fireplace, providing a turnkey, move-in-ready experience.
Boasting nearly 3,000 sqft, the floor plan is highly functional with a desirable downstairs bedroom and full bath, a large upstairs loft, and a primary suite with a private sitting area.
The exterior is well-appointed with a 3-car garage, mature landscaping, and premium hardscaping including stamped concrete and slate pavers throughout the front, side, and back yards.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
While the elementary school is highly accessible, the assigned middle school carries a low rating of 3/10, which may deter families prioritizing high-performing educational districts.
Despite being located in Lake Elsinore, the property offers no significant views beyond the immediate neighborhood, which may be a disadvantage compared to nearby homes with lake or mountain vistas.
Welcome to this spacious Rosetta Canyon home featuring a highly desirable floor plan and numerous recent upgrades. With 4 bedrooms and 3 baths, including a downstairs bedroom with an adjacent 3/4 bath. The open-concept kitchen boasts granite countertops, a center island, stainless steel appliances, abundant cabinetry, and newly installed microwave and dishwasher. The kitchen flows seamlessly into the inviting family room, highlighted by a beautifully remodeled fireplace and custom mantel. Throughout the home, you'll find newly installed flooring, including durable wood-look tile on the first floor and engineered wood flooring on the stairs and throughout the second level. Fresh interior paint throughout the entire home creates a bright, modern, move-in ready atmosphere. Upstairs, the expansive primary suite features a sitting area, dual walk-in closets, and a luxurious bath, along with two additional bedrooms and a versatile loft space. Enjoy outdoor living in the private backyard featuring a stamped concrete patio, mature landscaping, and slate pavers extending throughout the front yard, side yard, and backyard. Additional highlights include a 3-car garage and a convenient location near parks, schools, shopping, dining, and freeway access. Combining comfort, style, and extensive upgrades, this move-in ready home is an exceptional opportunity in the sought-after Rosetta Canyon community.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.5 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 | 2,955 | 2,533 | 73% |
| Lot Size | 7,405 | 6,970 | 51% |
| Price | $643.5K | $635.0K | 57% |
| Price per sq ft | $218 | $261 | 16% |
| Built year | 2012 | 2006 | 67% |
| HOA | $126.0 | $134 | 32% |
| Days on market | 14 | 191 | 2% |
Jun 2, 2026
$643,500
Initial Listing
Oct 14, 2016
$360,000
Public Record
Dec 28, 2012
$295,000
Public Record