41514 Red Car Drive, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 2 bath
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Lake Elsinore, California 92532
This Turnkey Single-Family Residence is a High-Potential Investment Opportunity, listed at $615,000—positioned above the $558,969 Fair Market Value. While priced above market, the property offers a rare, fully assumable 3.125% interest rate, providing a significant long-term financial advantage. Featuring a Mint Condition Rating, this 2022 build includes owned solar, a modern kitchen with marble countertops, and a landscaped backyard with a gazebo. Ideally located near Lake Elsinore schools, this home is a perfect fit for first-time buyers or owner-occupants seeking a move-in ready lifestyle with unmatched financing terms.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41514 Red Car Drive Subject | $615,000* List Price | 3 | 2 | 1,747 | $320 | - |
A 41516 Red Car Drive Sold | $589,990 | 3 | 2 | 2,026 | $291 | 0.0 mi |
B 45105 Quicksilver Sold | $680,000 | 4 | 2 | 2,033 | $334 | 0.3 mi |
C 41507 Red Car Sold | $620,000 | 4 | 2 | 2,033 | $305 | 0.1 mi |
D 45027 Carla Court Sold | $560,000 | 4 | 3 | 1,977 | $283 | 0.6 mi |
E 41104 Royal Sunset Sold | $640,000 | 3 | 3 | 2,180 | $294 | 0.2 mi |
F 41031 Burnet Street Pending | $599,900 List Price | 4 | 2 | 2,033 | $295 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this home is less than 10 years old and in mint condition. It features a modern kitchen with marble countertops and stainless steel appliances, updated bathrooms, and high-efficiency systems including owned solar and a newer HVAC unit.
The property features a fully assumable 3.125% interest rate, offering a rare and significant financial advantage that drastically reduces monthly mortgage payments compared to current market rates.
Built in 2022, this home is equipped with high-value enhancements including owned solar, luxury vinyl plank flooring, marble countertops, and a professionally landscaped backyard with a gazebo and low-maintenance turf.
The 1,747 square foot open-concept floor plan provides an effortless single-story layout that is highly sought after for its accessibility and functional flow between the great room and private primary suite.
The property is zoned for Elsinore Middle School, which currently holds a low rating of 3/10, potentially impacting its appeal to families prioritizing high-performing school districts.
A monthly association fee of $204 adds a consistent carrying cost to the property, which may be a deterrent for buyers looking to minimize non-mortgage monthly liabilities.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 22% |
| Baths | 2.0 | 3.0 | 15% |
| Square foot | 1,747 | 2,509 | 7% |
| Lot Size | 6,534 | 6,970 | 41% |
| Price | $615.0K | $635.0K | 36% |
| Price per sq ft | $352 | $265 | 94% |
| Built year | 2022 | 2006 | 92% |
| HOA | $204.0 | $134 | 85% |
| Days on market | 20 | 191 | 2% |
May 26, 2026
$615,000
Initial Listing
Apr 11, 2022
$622,000
Public Record
Oct 27, 2020
$12,250,000
Public Record