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29104 Basswood, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 5 bed, 3 bath

29104 Basswood, Lake Elsinore, California 92530 home-pic-0
ACTIVE$779,000
29104 Basswood, Lake Elsinore, California 92530
5Beds
3Baths
2,620Sqft
6,970Lot
Year Built
2020
Close
-
List price
$779K
Original List price
$779K
Price/Sqft
$297
HOA
$150
Days on market
-
Sold On
-
MLS number
OC25110846
Home ConditionExcellent
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $779.0K(95th), sqft - 2620(87th), beds - 5(87th), baths - 3(52th).

Discover this beautifully maintained 5-bedroom, 2.5-bath home currently operating as a successful year-round Airbnb rental. Whether you're looking for a high-performing investment property or a spacious family retreat, this home has it all. Enjoy your own private pool and hot tub, perfect for relaxing or entertaining guests. Located just 3 miles from Lake Elsinore and features a view of the popular Skydive Elsinore park, this home offers both adventure and tranquility. The neighborhood features a wide range of amenities including a community pool, hot tub, playground, and more – providing excellent value and lifestyle perks. Don’t miss this great opportunity to own a property with proven rental income in a desirable location!

Condition Rating
Excellent
This property was built in 2020, making it only 4-5 years old, which falls squarely within the 'newly built or extensively renovated within 5 years' criteria. The images showcase a modern kitchen with white shaker cabinets, white quartz countertops, stainless steel appliances, and contemporary lighting. Bathrooms feature dual vanities, white countertops, and glass-enclosed showers, all appearing new and in pristine condition. The flooring (hardwood-style and clean carpets), light fixtures, and overall aesthetic are current and show no signs of wear or deferred maintenance. The private pool and hot tub are also modern additions, further supporting the 'virtually new' assessment.
Pros & Cons

Pros

Proven Rental Income: Currently operating as a successful year-round Airbnb rental, offering immediate investment potential and a track record of income.
Private Recreational Amenities: The property boasts a private pool and hot tub, providing exclusive leisure and entertainment options for residents or guests.
Modern & Spacious Living: Built in 2020, this well-maintained home offers contemporary design with 5 bedrooms and 2.5 baths, providing ample living space.
Access to Community Facilities: Residents benefit from a wide range of neighborhood amenities including a community pool, hot tub, and playground, enhancing lifestyle perks.
Scenic & Recreational Location: Located just 3 miles from Lake Elsinore with mountain views and proximity to Skydive Elsinore, offering both tranquility and adventure.

Cons

Above Estimated Market Value: The current listing price is 7% higher than the property's estimated market value, which could impact buyer interest or negotiation leverage.
Ongoing HOA Fees: A monthly association fee of $150.0 adds to the recurring costs of ownership, which potential buyers must factor into their budget.
Higher Maintenance & Utility Costs: The private pool and hot tub, while desirable, will incur additional maintenance and potentially higher utility expenses.

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