53223 Bonica, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
ACTIVE$550,000$2,042/sqft
Est. Value: $516,222
-6%
AboveEstimate
53223 Bonica, Lake Elsinore, California 92532
3Beds
3Baths
2,042Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($516,222.04) is $33,777.96 (6%) lower than the list price ($550,000). This property may be overpriced.
Key pros and cons
Top Pros:
Modern Construction: Built in 2010, this home offers contemporary design and construction standards, potentially reducing immediate maintenance and repair needs.
Top Cons:
Solar Lease Assumption: The buyer is required to assume the existing solar lease, which represents an ongoing financial commitment and may impact financing options or buyer interest.
Compared to the nearby listings
Price:$550.0K vs avg $630.0K ($-80,000)9%
Size:2,042 sqft vs avg 2,541 sqft25%
Price/sqft:$269 vs avg $25560%
More Insights
Built in 2010 (16 years old).
Condition: Built in 2010, this property is relatively new and falls within the 'Good' condition criteria (10-20 years old). The exterior appears well-maintained with modern construction elements. While no interior images are provided to assess the specific condition of the kitchen, bathrooms, appliances, or flooring, it is reasonable to assume that a home of this age would feature contemporary designs and functional systems that are within their expected lifespan, making it move-in ready with no immediate major renovations required.
Year Built
2010
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$269
HOA
$80
Days on market
-
Sold On
-
MLS number
IG26013373
Home ConditionGood
Features
View-
About this home
Adorable single story three bedroom two 1/2 bath, indoor laundry, open floor plan. Buyer must assume solar lease
C
Cindy Hahn
Listing Agent
Nearby schools
6/10
Earl Warren Elementary School
Public,•K-5•1.5mi
3/10
Elsinore Middle School
Public,•6-8•3.7mi
6/10
Temescal Canyon High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
05/21/15
Sold
$255,000
03/28/11
Sold
$260,500
Condition Rating
Good
Built in 2010, this property is relatively new and falls within the 'Good' condition criteria (10-20 years old). The exterior appears well-maintained with modern construction elements. While no interior images are provided to assess the specific condition of the kitchen, bathrooms, appliances, or flooring, it is reasonable to assume that a home of this age would feature contemporary designs and functional systems that are within their expected lifespan, making it move-in ready with no immediate major renovations required.
Pros & Cons
Pros
Modern Construction: Built in 2010, this home offers contemporary design and construction standards, potentially reducing immediate maintenance and repair needs.
Single-Story Layout: The desirable single-story floor plan provides ease of access and convenience, appealing to a wide range of buyers, including those seeking accessibility.
Open Floor Plan: The open floor plan creates a spacious and connected living environment, ideal for modern lifestyles and entertaining guests.
Indoor Laundry: The inclusion of indoor laundry facilities adds a significant level of convenience and functionality to daily living.
Functional Layout: With 3 bedrooms and 3 bathrooms (2 full, 1 half) across 2042 sqft, the property offers a practical and comfortable living space for families.
Cons
Solar Lease Assumption: The buyer is required to assume the existing solar lease, which represents an ongoing financial commitment and may impact financing options or buyer interest.
Monthly Association Fee: An $80 monthly association fee adds to the recurring cost of homeownership, which some buyers may find undesirable.
Lack of Desirable Views: The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic views, especially in a region where they can enhance value.