40
Map
$519,000
●
House -
In Contract
34296 Deergrass Way
Lake Elsinore, CA 92532
4 Beds
2 Baths,
1
Half Bath
2,022 Ft²
$2,709
Est. Monthly
$160
HOA / Fees
About This Property
Welcome to this inviting single-story home in the desirable Canyon
Hills neighborhood of Lake Elsinore, within the Cottonwood
community. Built in 2014, this spacious 2,022-square-foot residence
offers 4 bedrooms, 3 bathrooms, and a 2-car garage, with a
comfortable layout designed for easy everyday living. Two
additional features worth noting; Maytag washer and dryer included
and garage has extensive built-in storage cabinets for your use.
The home also features solar for added energy efficiency. Residents
of the Cottonwood community enjoy access to amenities including a
pool, spa, and sports courts. Conveniently located near Railroad
Canyon Road, the home is close to a variety of dining, shopping,
and everyday conveniences, while the nearby I-15 freeway provides
easy access for commuting and exploring the surrounding area.
Unit Size
2,022 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
$160
Year Built
2014
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 days ago (CRMLS #SW26207223)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | In contract | - | |
| In contract | |||
| Oct 12, 2026 | Price Decreased |
$519,000
↓ $40K
(7.2%) | |
| Price Decreased | |||
| Sep 22, 2026 | Listed by KW Temecula | $559,000 | |
| Listed by KW Temecula | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: AllBedroomsDown
Laundry Features: Washer Hookup
Fireplace Features: None
Exterior Details
Square Footage: 2022
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2014
Levels: One
Pool Features: Community, Association
Lot Features: Front Yard
Lot Size Area: 5663
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5663
Tax Lot: 357
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Sport Court, Pool, Spa/Hot Tub
HOA Fee: $160
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Lake Elsinore Hills District
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Listed by: Elizabeth Jones, KW Temecula
Last Updated: 5 days ago
Data Source: CRMLS, MLS# SW26207223
Last Updated: 5 days ago
Data Source: CRMLS, MLS# SW26207223
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