31648 Canyon Estate Drive, Lake Elsinore, California 92532, Lake Elsinore, - bed, bath
ACTIVE UNDER CONTRACT$585,900
31648 Canyon Estate Drive, Lake Elsinore, California 92532
4Beds
3Baths
2,671Sqft
7,405Lot
Year Built
2000
Close
-
List price
$586K
Original List price
$649K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25181173
Home ConditionGood
Features
Patio
ViewNeighborhood
About this home
Beautiful 4BR/3BA home in Lake Elsinore with 2,671 sq. ft. on a 7,409 sq. ft. lot. Built in 2000, this home features a 3-car garage, an open floor plan, formal living/dining, a family room with a fireplace, a main-level bedroom & bath, and a spacious kitchen. Large backyard, no HOA, close to schools, shopping & freeway access.
Nearby schools
3/10
Railroad Canyon Elementary School
Public,•K-5•0.8mi
6/10
Canyon Lake Middle School
Public,•6-8•2.5mi
6/10
Temescal Canyon High School
Public,•9-12•3.9mi
Price History
Date
Event
Price
10/16/25
Price Change
$585,900-2.2%
10/02/25
Price Change
$598,900-4.9%
09/12/25
Price Change
$629,900-2.9%
08/16/25
Listing
$648,888
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (142 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 2,671 | 2,541 | 60% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $586K | $648K | 27% |
| Price per square foot | $219 | $262 | 13% |
| Built year | 2000 | 2007 | 17% |
| HOA | $114 | ||
| Days on market | 80 | 182 | 6% |
Condition Rating
Good
Built in 2000, this home has undergone significant updates that make it move-in ready. The kitchen features modern stainless steel appliances, white shaker-style cabinets, granite countertops, and a subway tile backsplash, indicating a renovation within the last 5-15 years. New light-colored laminate/LVP flooring and fresh paint throughout the main living areas and bedrooms also contribute to a refreshed feel. While the bathrooms are clean and functional, some elements like the vanity tops and strip lighting appear dated, suggesting they haven't received the same level of modern renovation as the kitchen. However, they are well-maintained and do not require immediate repair, aligning with the 'Good' score criteria of being move-in ready with well-maintained systems and some updated components.
Pros & Cons
Pros
Spacious & Functional Layout: The home offers a generous 2,671 sq. ft. with an open floor plan, formal living/dining areas, a family room with a fireplace, a spacious kitchen, and a highly desirable main-level bedroom and bath, catering to diverse living needs.
Generous Lot Size & Backyard: Situated on a 7,409 sq. ft. lot, the property boasts a large backyard, providing ample outdoor space for recreation, gardening, or potential future enhancements.
No Homeowners Association (HOA): The absence of HOA fees and restrictions offers significant financial savings and greater autonomy for property owners.
Convenient Location: The property benefits from a strategic location with easy access to schools, shopping centers, and major freeways, enhancing daily convenience and commute efficiency.
Ample Parking & Storage: Equipped with a 3-car garage, the home provides substantial space for vehicles, storage, or a dedicated workshop area.
Cons
Pricing Discrepancy: The current list price of $585,900 is 8% higher than the estimated property value of $538,347.15, suggesting it may be overvalued in the current market.
Significant Price Reduction History: Multiple price drops from an original list price of $648,888 to $585,900 indicate challenges in attracting buyers at previous price points and could signal market resistance or initial overpricing.
Low-Rated Elementary School: The assigned Railroad Canyon Elementary School has a rating of 3, which may be a deterrent for families prioritizing highly-rated educational institutions.