29306 Summer House Lane, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$550,000
29306 Summer House Lane, Lake Elsinore, California 92530
4Beds
3Baths
1,769Sqft
3,485Lot
Year Built
2018
Close
-
List price
$550K
Original List price
$570K
Price/Sqft
-
HOA
$122
Days on market
-
Sold On
-
MLS number
IG25124043
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

THIS HOME QUALIFIES FOR SPECIAL LOAN PROGRAM ONLY 3% DOWN & NO PMI!! ASK HOW! UNIQUE FIRST FLOOR PRIMARY BEDROOM LAYOUT! This beautiful property is located in the highly sought-after master-planned community of Summerly, offering all the amenities you could ask for! Pools, multiple parks, trails, and a clubhouse for private events. Best of all you are centrally located to all the shops, 15 freeway, The Links Golf Course, Storm Baseball Stadium, and movie theatre! The spacious layout features high ceilings and an open concept for the living area and kitchen. You will find one guest bedroom and full bathroom on the first floor and the PRIMARY BEDROOM on THE FIRST FLOOR AS WELL! The first floor has plenty of storage space and access to the spacious laundry room. As you work your way upstairs you will find two spacious additional bedrooms and a full bathroom. This home is perfect for entertaining with a finished backyard and the community club house & pool right across the street! The home also has a solar lease that is only $72!! Schedule a tour today!

Nearby schools

4/10
William Collier Elementary School
Public,K-52.1mi
5/10
Wildomar Elementary School
Public,K-53.4mi
3/10
David A. Brown Middle School
Public,6-84.0mi
5/10
Elsinore High School
Public,9-122.0mi

Price History

Date
Event
Price
10/14/25
Price Change
$550,000-0.9%
09/03/25
Price Change
$555,000-1.8%
08/10/25
Price Change
$565,000
06/06/25
Listing
$569,990
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (307 Listings)
Beds43
56%
Baths32
55%
Square foot1,7691,807
48%
Lot Size3,4857,405
6%
Price$550K$581K
35%
Price per square foot$311$327.5
44%
Built year201810026003
67%
HOA$122
2%
Days on market153190
33%
Condition Rating
Excellent

Built in 2018, this property is practically new. The kitchen features modern white shaker cabinets, stainless steel appliances, and granite countertops. Flooring throughout is consistent wood-look laminate, and bathrooms appear clean and contemporary. There are no visible signs of wear, tear, or outdated features, aligning perfectly with the 'excellent' criteria for a recently built home with all components meeting current quality standards.
Pros & Cons

Pros

Financial Incentive: The property qualifies for a special loan program requiring only 3% down and no PMI, significantly lowering the barrier to entry for potential buyers.
Master-Planned Community Amenities: Located in the highly sought-after Summerly community, offering extensive amenities including pools, multiple parks, trails, and a clubhouse, enhancing lifestyle and property value.
Desirable Layout: Features a unique first-floor primary bedroom layout, along with another guest bedroom and full bathroom on the first floor, providing excellent flexibility and accessibility.
Modern Construction & Design: Built in 2018, the home boasts high ceilings, an open-concept living area and kitchen, and a finished backyard, offering contemporary appeal and move-in readiness.
Energy Efficiency & Cost Savings: Includes a solar lease with a low monthly payment of only $72, contributing to reduced energy costs and environmental benefits.

Cons

Small Lot Size: The lot size of 3,485 sqft is relatively small, which may limit outdoor living space and appeal to buyers seeking a larger yard or more privacy.
Solar Lease Obligation: While beneficial, the solar system is leased, representing an ongoing monthly contractual obligation that some buyers might prefer to avoid or find less appealing than owned solar.
Price Reduction History: Multiple price reductions from the original list price of $569,990 to the current $550,000 could suggest initial overpricing or market resistance, potentially raising questions for new buyers.

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