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16897 Gunnerson, Lake Elsinore, CA 92530

$500K2bd · 2ba · 1,491 sqft
Lot 6,098 sqft•Single Family Residence•
Active
•209d on market•MLS# SW-26074563

Property Description

New custom-built two-story home featuring 2 bedrooms, 2 bathrooms, plus a bonus room ideal for a third bedroom, office, or game room. Spacious family room with a modern fireplace and a bright, open kitchen perfect for entertaining. First floor offers a bedroom, full bathroom, bonus room, and separate laundry area. Upstairs features the primary suite with a retreat area, oversized walk-in closet, elegant bathroom, and a loft. Equipped with fully paid solar, tankless water heater, and septic system with sensors. Blank-canvas backyard ready for customization. Minutes from the lake, shopping, and easy access to the 15 & 215 freeways. No HOA. SHORT SALE

Features & Amenities

FeeBuilt 2024

Property Details

Land Type
Fee
Year Built
2024
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Lake Elsinore
Zip Code
92530
County
Riverside
Listed byMogul Real Estate, Shantae Short

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,528.27
Principal & Interest
Loan Amount
$400,000
Total Interest
$510,178
Total Payment Over 30 Years
$910,178
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

16897 Gunnerson, Lake Elsinore, CA 92530

Lake Elsinore · Single Family Residence

$500K
Affordable Tier
Beds
2
Baths
2
Sqft
1,491
Lot
6,098 sqft
Year
2024
$/Sqft
$335
Pool: No✓
View: mountain✓
Garage: 2-car✓

Listed 8.3% below the median closed sale of $545,000. Closed comps sold at 101% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $500K· $335/sqft
Total list price
Closed comps
vs closed median $545K
−$45K (−8.3%)
Active comps
vs active median $549K
−$49K (−8.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $377
−$42 (−11.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
886 Dryden DriveLake Elsinore2025321,5396,970$357$549,000991
4578 Avellino PlaceLake Elsinore2026321,4356,459$390$559,99015186
226 White OakLake Elsinore1985321,3166,970$403$529,900273
31150 Kansas StreetLake Elsinore2019321,2404,356$423$525,000134173
17249 Mcbride AvenueLake Elsinore1983321,8447,841$312$575,00012872
Total: 5 · Average3.02.01,474.86,519.2$377$547,778326.2
Median1,435$549,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
16938 Bell AvenueLake Elsinore202509/04/2026431,5076,098$559,000$560,000$3721.003286
29541 Nichols StreetLake Elsinore198107/02/2026321,4507,841$499,900$545,000$3761.095685
842 Porta Marina LaneLake Elsinore202511/14/2025321,7428,054$576,496$570,000$3270.9910780
17011 GunnersonLake Elsinore193204/30/2026211,60821,344$499,900$485,000$3020.976576
16430 McPhersonLake Elsinore197906/15/2026321,0706,970$450,000$450,000$4211.003276
Total: 5 · Average3.02.01,475.410,061.4$522,000$522,000$359.6—58.4
Median1,507$545,000$545,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.