A trust sale is noted on the listing for 28896 Vacation Dr. in Canyon Lake. Because a trustee acts for the trust, the steps and timing can differ from a typical purchase, and the listing agent is the person to ask.
The MLS shows one earlier closed sale of 28896 Vacation Dr.: May 23, 2024, $1,000,000, below its asking price, after 283 days on the market.
The listing opened on June 5, 2026 with a first asking price of $1,090,000. It is now priced at $1,045,000.
The listing shows the seller’s current financing as VA and FHA. A buyer who wants to know whether that loan could be taken over should ask the listing agent whether the seller’s loan can be assumed.
The listing gives the home as 4 bedrooms and 3 bathrooms, 3,000 square feet of living space, a lot of 0.19 acres, built in 2023, a shingle roof, public sewer, a homeowners association fee of $355 a month, and solar power listed with the home. These figures are as listed and have not been checked.
For schools, the listing places it in the Lake Elsinore Unified school district.
The current price comes to about $348 a square foot, below the $381 median for closed sales in Canyon Lake in September 2026. Lot size, condition and location all move that number, so it is a starting point for comparison, not a verdict.
What to check
These are general points, not statements about this home’s condition. An inspector and the seller’s disclosures answer them for this property.
- Solar panels. Ask whether the panels are owned or leased. A lease or power purchase agreement usually passes to the buyer, and its monthly payment becomes part of the cost of living in the home. Ask for the contract before the inspection period ends.
- Homeowners association. Ask for the association budget, the reserve study and the rules before the inspection period ends. Fees, special assessments and rules on things like parking or rentals change the real cost of owning the home.
Questions to ask the listing agent
A buyer can bring these to the listing agent. They come from what the listing shows, not from anything known about the seller.
- Who is the trustee, and who has to approve an offer?
- Can the seller’s loan be assumed, and at what rate?
- Are the panels owned or leased, and can the contract transfer to a buyer?
- Are there special assessments planned, and what does the association fee cover?
- Which items, such as appliances and fixtures, come with the sale?