
Lake Elsinore, California 92532
This Modern Single-Family Residence is a Strong Value Opportunity, listed at $640,000—positioned above the $592,614 Fair Market Value. While priced at a premium, the property offers a rare, fully assumable 3.125% interest rate, providing a significant long-term financial advantage. Featuring an Excellent Condition Rating (2022 build), the home includes owned solar, luxury vinyl plank flooring, and a private backyard with a gazebo. Ideally suited for first-time buyers or owner-occupants, this turnkey home balances modern efficiency with a highly accessible, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41514 Red Car Drive Subject 3 bd · 2 ba · 1,747 sqft · $339 | $640,000* List Price | 3 | 2 | 1,747 | $339 | - |
A 45027 Carla Court Sold 4 bd · 3 ba · 1,977 sqft · $283 · 0.6 mi | $560,000 | 4 | 3 | 1,977 | $283 | 0.6 mi |
B 45123 Quicksilver Sold 4 bd · 2 ba · 2,203 sqft · $291 · 0.4 mi | $642,000 | 4 | 2 | 2,203 | $291 | 0.4 mi |
C 41104 Royal Sunset Sold 3 bd · 3 ba · 2,180 sqft · $294 · 0.2 mi | $640,000 | 3 | 3 | 2,180 | $294 | 0.2 mi |
D 41031 Burnet Street Active 4 bd · 2 ba · 2,033 sqft · $293 · 0.1 mi | $594,900 List Price | 4 | 2 | 2,033 | $293 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is less than 10 years old and in mint condition. It features modern finishes throughout, including luxury vinyl plank flooring, a contemporary kitchen with marble countertops and stainless steel appliances, and excellent modern systems including owned solar and a newer HVAC unit.
The property features a rare, fully assumable 3.125% interest rate, offering a significant financial advantage and lower monthly payments compared to current market rates.
Built in 2022, this home includes high-value enhancements such as owned solar panels, luxury vinyl plank flooring, marble countertops, and a low-maintenance backyard with a gazebo.
The 1,747 square foot floor plan provides an effortless single-story living experience with an open-concept great room and a private primary suite, ideal for accessibility and modern lifestyles.
The assigned middle school carries a low rating of 3/10, which may be a deterrent for families prioritizing high-performing educational environments.
A monthly association fee of $204 adds a permanent carrying cost to the property, which may impact the overall affordability for budget-conscious buyers.
FULLY ASSUMABLE 3.125% INTEREST RATE — A RARE OPPORTUNITY IN TODAY’S MARKET. Welcome to Crimson Hills, where modern design meets effortless single-level living in this beautifully crafted 2022 residence offering 3 bedrooms, 2 bathrooms, and approximately 1,747 square feet of thoughtfully designed space. A welcoming foyer opens to an expansive great room filled with natural light and enhanced by luxury vinyl plank flooring, creating a warm, cohesive living environment ideal for both everyday living and entertaining. At the heart of the home, the kitchen is both functional and refined, showcasing a generous island with counter seating, crisp white cabinetry, marble countertops, a classic subway tile backsplash, and stainless steel appliances. The private primary suite serves as a peaceful retreat, complete with dual vanities, stone countertops, a walk-in shower, and a spacious walk-in closet. Additional interior highlights include LED lighting throughout and a dedicated laundry room designed for convenience. Step outside to a thoughtfully designed backyard featuring low-maintenance turf, a gazebo, and an expansive concrete patio—offering multiple areas to relax, entertain, and enjoy the Southern California lifestyle. Enhancements such as owned solar, rain gutters, a widened driveway, and expanded hardscape further elevate the home’s efficiency and functionality. Ideally located near Rosetta Canyon Sports Park, local schools, the Outlets at Lake Elsinore, a variety of dining options, and major freeways, this home delivers the perfect blend of comfort, accessibility, and long-term financial advantage—anchored by one of the most compelling financing opportunities currently available.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,747 | 2,014.188 |
| Lot Size | 6,534 | 7,537.856 |
| Price | $640.0K | $605.8K |
| Price per sq ft | $366 | $297 |
| Built year | 2022 | 2005 |
| HOA | $204.0 | $143 |
| Days on market | 26 | 70 |
Sep 28, 2026
$640,000
Initial Listing
Apr 11, 2022
$622,000
Public Record
Oct 27, 2020
$12,250,000
Public Record