40995 Bankhall Street, Lake Elsinore, California 92532, Lake Elsinore, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$549,900
40995 Bankhall Street, Lake Elsinore, California 92532
4Beds
3Baths
2,428Sqft
7,841Lot
Year Built
2012
Close
-
List price
$550K
Original List price
$600K
Price/Sqft
-
HOA
$126
Days on market
-
Sold On
-
MLS number
SW25223601
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

PRICE IMPROVED! BEST PRICE IN THE NEIGHBORHOOD, BRING US YOUR OFFER. Welcome to this spacious and well-designed home in the desirable Rosetta Hills community, offering plenty of room and flexibility for the whole family. Go inside to a welcoming foyer entry that leads to a main-level bedroom and full bathroom with shower—perfect for guests or multi-generational living. The open living, dining, and kitchen areas create an ideal space for everyday living and entertaining. The kitchen features a large center island with bar seating, granite countertops, stainless steel appliances, a pantry, and direct garage access. The living room, complete with a cozy tile-framed fireplace, opens through a sliding door to the backyard, where you’ll find mature trees for privacy on one of the largest lots in the community on an automatic drip system, garden beds, and a spacious patio—ready for outdoor play, gardening, or gatherings. Upstairs offers even more versatility with a large loft, laundry room, three additional bedrooms, and two bathrooms. The oversized primary suite includes a big walk-in closet and an en suite bathroom with dual sinks, a soaking tub, and a separate shower. A tandem 3-CAR garage provides plenty of parking and storage. Rosetta Canyon Sports Park—with fields and courts—is just a short 6–7 minute stroll, making it easy for everyone to enjoy outdoor activities. The Rosetta Hills Community Association keeps the neighborhood beautifully maintained. Close proximity to shopping, schools, and easy access to the 15 freeway. Spacious, functional, and move-in ready – this is a home you won’t want to miss!

Nearby schools

6/10
Earl Warren Elementary School
Public,K-50.2mi
3/10
Elsinore Middle School
Public,6-82.1mi
6/10
Temescal Canyon High School
Public,9-121.5mi

Price History

Date
Event
Price
10/21/25
Price Change
$549,900-4.4%
10/06/25
Price Change
$575,000-4.2%
09/26/25
Listing
$599,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (142 Listings)
Beds44
50%
Baths33
50%
Square foot2,4282,528
43%
Lot Size7,8417,405
55%
Price$550K$648K
8%
Price per square foot$226$262
19%
Built year20122007
56%
HOA$126$203
1%
Days on market40183
2%
Condition Rating
Good

Built in 2012, this property is 12 years old, placing it within the 'Good' category's age range. The kitchen features granite countertops, stainless steel appliances, and dark wood cabinetry, all appearing well-maintained and functional. Bathrooms, including the primary suite with dual sinks, a soaking tub, and a separate shower, are clean and in good condition. The home is move-in ready with no immediate renovations required, and major systems are functional and within their expected lifespan, consistent with a well-maintained property of its age.
Pros & Cons

Pros

Exceptional Value & Price: The property is currently listed as the 'BEST PRICE IN THE NEIGHBORHOOD' and is priced 6% below its estimated market value, presenting a strong buying opportunity.
Versatile & Spacious Layout: Features a desirable open-concept living area, a convenient main-level bedroom and full bath ideal for multi-generational living, and a large upstairs loft for added flexibility.
Modern & Well-Appointed Kitchen: The kitchen is equipped with a large center island with bar seating, granite countertops, stainless steel appliances, and a pantry, making it ideal for entertaining and daily use.
Generous & Private Outdoor Space: Boasts one of the largest lots in the community, featuring mature trees for privacy, an automatic drip system, garden beds, and a spacious patio perfect for outdoor activities.
Desirable Community & Convenient Location: Situated in the well-maintained Rosetta Hills community, within walking distance to Rosetta Canyon Sports Park, and offers easy access to shopping, highly-rated elementary/high schools, and the I-15 freeway.

Cons

Recent Price Reductions: The property has undergone multiple price drops from its original listing, which might suggest a longer market time or initial overpricing, potentially raising buyer questions about its true market value.
Lower-Rated Middle School: The assigned middle school, Elsinore Middle School, has a relatively low rating (3 out of 10), which could be a drawback for families prioritizing top-tier educational institutions.
Monthly Association Fees: The property is subject to a monthly HOA fee of $126, which adds to the ongoing cost of homeownership and should be factored into a buyer's budget.

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