For SaleRisky Deal96 days on market
29261 Southerness
29261 Southerness, Lake Elsinore, CA 92530, Lake Elsinore, CA 92530
$650,000
Estimate®:$654,300$4,300 Under Market
Listing Price
29261 Southerness, Lake Elsinore, CA 92530
Loc: Lake Elsinore, CA
Days Listed
96
Tax Assessed
$774k
Estimate®
$654k
1% Under Valued
Lot Size
6,534 sqft
Rent Estimate
$3,799/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
William Collier Elementary School
K-5
2.2 mi away
4
David A. Brown Middle School
6-8
4.2 mi away
5
Elsinore High School
9-12
2.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
stucco exteriortwo-storytile roofattached garagesuburbandesert landscapingneutral color palettecontemporaryarched entrymanicured shrubsresidentialsingle-family homesolar panels
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.91%
Total ROI
43.8%
Cash Flow
$-1,256/mo
DSCR
0.63
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,256/mo net cash flow with a 3.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Lake Elsinore, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-15 | Price change | $650,000 | $222 |
| 2026-09-01 | Price change | $680,000 | $232 |
| 2026-08-01 | Price change | $698,500 | $239 |
| 2026-07-04 | Price change | $715,000 | $244 |
| 2026-06-21 | Listed for sale | $749,900 | $256 |
| 2022-06-27 | Sold | $715,000 | $244 |
| 2022-05-09 | Pending sale | $709,990 | $243 |
| 2018-05-18 | Sold | $448,000 | $153 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $773,937 |
| 2025 | $12,289.46 | $758,763 |
| 2024 | $11,842.98 | $743,886 |
| 2023 | $11,661.32 | $729,300 |
| 2022 | $9,000.22 | $480,212 |
| 2021 | $8,823.02 | $470,797 |
| 2020 | $8,695.42 | $465,971 |
| 2019 | $8,544.74 | $456,835 |
| 2018 | $4,388.7 | $57,027 |
| 2017 | $777.84 | $55,909 |
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