1036 Meadowlake Lane, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 4 bath
ACTIVE UNDER CONTRACT$600,000$2,408/sqft
Est. Value: $645,846
7%
BelowEstimate
1036 Meadowlake Lane, Lake Elsinore, California 92530
4Beds
4Baths
2,408Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($645,846.39) is $45,846.39 (7%) higher than the list price ($600,000). This property may be underpriced.
Key pros and cons
Top Pros:
Exceptional Views & Privacy: The property boasts desirable lake and mountain views and offers enhanced privacy with no rear neighbors, backing directly onto a school's open sports field.
Top Cons:
Potential Noise from Adjacent School Field: While backing onto a school's sports field offers privacy, it may also introduce noise during school hours, events, or recreational activities.
Compared to the nearby listings
Price:$600.0K vs avg $587.6K (+$12,405.5)55%
Size:2,408 sqft vs avg 1,888.5 sqft75%
Price/sqft:$249 vs avg $32017%
More Insights
Built in 2004 (22 years old).
Condition: Built in 2004, this property is well-maintained with updated major systems like a newer A/C compressor and paid-off solar. However, the interior finishes, particularly the kitchen's tile countertops and honey oak cabinets, and the bathrooms' builder-grade vanities and fixtures, are original to the build year and appear dated. While functional and move-in ready, these areas would likely require minor cosmetic updates to align with current styles and buyer preferences.
Year Built
2004
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$249
HOA
-
Days on market
-
Sold On
-
MLS number
IG25280940
Home ConditionFair
Features
Excellent View: Hills, Lake, Mountain(s)
Deck
Patio
ViewHills, Lake, Mountain(s)
About this home
Experience this wonderful 4bd/3ba home with lake & mountain views. It's nicely positioned on a tranquil cul-de-sac. This gem features 2 master bedrooms, (1 master upstairs/1 master down). There's also an office that can used as another bedroom if needed. There are several useful features, including, a covered patio w/ expansive deck, ideal for entertaining. There are no neighbors behind you as it backs up to a school's open sport's field. This home also comes with Paid Off Solar, a water softner system, a newer A/C compressor, Low Taxes & NO HOA! Make it yours today!
M
Mark Jamison
Listing Agent
Price History
Date
Event
Price
06/29/16
Sold
$345,000
06/17/09
Sold
$225,000
Condition Rating
Fair
Built in 2004, this property is well-maintained with updated major systems like a newer A/C compressor and paid-off solar. However, the interior finishes, particularly the kitchen's tile countertops and honey oak cabinets, and the bathrooms' builder-grade vanities and fixtures, are original to the build year and appear dated. While functional and move-in ready, these areas would likely require minor cosmetic updates to align with current styles and buyer preferences.
Pros & Cons
Pros
Exceptional Views & Privacy: The property boasts desirable lake and mountain views and offers enhanced privacy with no rear neighbors, backing directly onto a school's open sports field.
Flexible Floor Plan: Features a highly versatile layout with two master bedrooms (one upstairs, one downstairs) and an additional office space that can serve as a fifth bedroom, ideal for multi-generational living or diverse family needs.
Cost-Saving Amenities: Includes significant financial benefits such as paid-off solar panels, a water softener system, a newer A/C compressor, low property taxes, and no HOA fees, reducing ongoing ownership costs.
Outdoor Entertainment Space: Equipped with a covered patio and an expansive deck, providing excellent outdoor space for entertaining guests or enjoying the views.
Desirable Location: Nicely positioned on a tranquil cul-de-sac, offering a quiet and safe environment away from through traffic.
Cons
Potential Noise from Adjacent School Field: While backing onto a school's sports field offers privacy, it may also introduce noise during school hours, events, or recreational activities.
Age of Interior Finishes: Built in 2004, the property's interior finishes (e.g., kitchen, bathrooms, flooring) may be original or dated, potentially requiring cosmetic updates to align with current market trends and buyer preferences.
Limited Specifics on Recent Interior Upgrades: The description highlights functional upgrades like solar and A/C, but lacks details on recent aesthetic interior renovations, which could be a point of inquiry for potential buyers.