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32921 Middlegate, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

32921 Middlegate, Lake Elsinore, California 92530 home-pic-0
ACTIVE$540,000
32921 Middlegate, Lake Elsinore, California 92530
4Beds
3Baths
2,021Sqft
2,021Lot
Year Built
2020
Close
-
List price
$540K
Original List price
$550K
Price/Sqft
$267
HOA
$159
Days on market
-
Sold On
-
MLS number
IG25245026
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 4 Cons,5 Pros. Rank: price - $540.0K(25th), sqft - 2021(58th), beds - 4(53th), baths - 3(52th).

THIS HOME QUALIFIES FOR A 20K GRANT! Welcome to your stunning modern home in the highly desirable West Lake community of Lake Elsinore. Enjoy the benefits of a low HOA in this 2020 built residence featuring stylish upgrades throughout. Step inside to find beautifully upgraded bathrooms and a spacious open concept kitchen complete with custom countertops and backsplash, upgraded stainless steel appliances, an overhead microwave, large pantry, and an island offering abundant storage and prep space. The open floor plan flows seamlessly into a large patio with an awning, perfect for entertaining or relaxing outdoors. The main level also includes a room currently used as an office that can easily function as a bedroom. Additional highlights include dual pane vinyl windows with shutters, a QuietCool whole house fan, smart thermostat, tankless water heater, ceiling fans throughout, and a Tesla charging station for added convenience. Upstairs, you will find a luxurious primary suite with a walk-in closet and ensuite bath featuring dual sinks, a soaking tub, and a separate shower. A spacious loft offers an additional living area, home office, or playroom. This home perfectly blends modern comfort, energy efficiency, and thoughtful design. Move in ready and beautifully maintained, it is ready for you to make it your own.

Price History

Date
Event
Price
12/10/25
Price Change
$540,000-1.8%
11/06/25
Listing
$550,000
09/30/22
Sold
$545,000
Condition Rating
Excellent
This property was built in 2020, making it virtually new and well within the 'built within 10 years' criterion for an 'excellent' rating. The description highlights 'stylish upgrades throughout,' 'beautifully upgraded bathrooms,' and a 'spacious open concept kitchen complete with custom countertops and backsplash, upgraded stainless steel appliances.' The images confirm a modern aesthetic with white shaker cabinets, quartz countertops, mosaic tile backsplash, and stainless steel appliances in the kitchen. Bathrooms feature contemporary vanities, tiling, and fixtures, including a soaking tub and separate shower in the primary suite. All flooring, light fixtures (recessed lighting, modern ceiling fans), and systems (QuietCool fan, smart thermostat, tankless water heater, Tesla charger) are current and in pristine condition, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Modern & Turnkey Condition: Built in 2020 with stylish upgrades throughout, including beautifully upgraded bathrooms and a spacious open concept kitchen with custom countertops, backsplash, and upgraded stainless steel appliances, making it move-in ready.
Energy Efficiency & Smart Home Integration: Equipped with a QuietCool whole house fan, smart thermostat, tankless water heater, dual pane vinyl windows, and a Tesla charging station, enhancing comfort, reducing utility costs, and offering modern convenience.
Financial Incentive: The home qualifies for a significant $20,000 grant, providing a substantial financial benefit to eligible buyers.
Flexible Living Spaces: Features a versatile room on the main level that can serve as an office or bedroom, and a spacious upstairs loft, offering adaptable areas for various lifestyle needs.
Desirable Community & Outdoor Amenity: Located in the highly desirable West Lake community with a low HOA and includes a large patio with an awning, ideal for outdoor entertaining and relaxation.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2021, living area = 2021.
Compact Lot Size: The listed lot size of 2021 sqft, matching the home's square footage, suggests a very limited outdoor area, which may not appeal to buyers seeking a larger yard or extensive outdoor space.
Recurring HOA Fees: Despite being described as 'low,' the $159 monthly association fee represents an ongoing expense that some buyers might prefer to avoid.
Recent Price Adjustment: The current list price of $540,000 is a reduction from its original list price of $550,000 and below its 2022 sale price of $545,000, potentially indicating market resistance or a need for competitive pricing.

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