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127 N Massachusetts, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath

127 N Massachusetts, Lake Elsinore, California 92530 home-pic-0
ACTIVE UNDER CONTRACT$500,000
127 N Massachusetts, Lake Elsinore, California 92530
4Beds
2Baths
1,485Sqft
7,405Lot
Year Built
1984
Close
-
List price
$500K
Original List price
$550K
Price/Sqft
$337
HOA
-
Days on market
-
Sold On
-
MLS number
SW25237753
Home ConditionFair
Features
Pool
Spa
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $500.0K(16th), sqft - 1485(26th), beds - 4(53th), baths - 2(50th).

Beautiful Lake Elsinore pool home with low taxes and no HOA! This four bedroom two bath, 1485 sq ft home sits on a 7405 sq foot lot in an established neighborhood in the heart of Elsinore. Stepping inside you'll love this floor plan that features a large sitting room with fireplace, central kitchen with plenty of storage and counter space. This 4 bedroom and 2 bathroom home includes a large spacious master bedroom and 3 additional cozy rooms. Once you make you way to the backyard you will find a large in ground POOL and SPA, perfect for hot valley summer days and the best part; it is equipped with a safety fence around both pool and spa, perfect for children or pets. The home is centrally located to perfectly accommodate all needs from work commute to local shopping. In minutes you can be at the 15 Freeway, Ortega Highway, schools, parks, local shopping, restaurants or the Lake! This is a wonderful opportunity to own a home that is both affordable and close to everything! $30,000 PRICE IMPROVEMENT!! ACTIVE SUBJECT TO CANCELLATION OF ESCROW.

Price History

Date
Event
Price
12/05/25
Price Change
$500,000-2.0%
11/14/25
Price Change
$510,000-3.8%
11/05/25
Price Change
$530,000-1.9%
10/24/25
Price Change
$540,000-1.8%
10/13/25
Listing
$550,000
Condition Rating
Fair
Built in 1984, this property is 40 years old and shows clear signs of its age with no apparent major renovations. The kitchen features original wood cabinets, dated tiled countertops, older white appliances, and an outdated fluorescent box light, indicating a need for a full modernization. Interior flooring includes worn, dated carpets (brown and green) and terracotta-style tiles. Popcorn ceilings are visible throughout. While the property appears to be maintained, particularly the pool and spa area, the interior aesthetics and systems are significantly outdated. The absence of specific details or images for bathrooms suggests they are likely in a similar condition to the kitchen. An unspecified cooling system is also a concern for the local climate. The home is functional but requires substantial aesthetic updates to meet current market expectations.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1485.
Outdoor Amenities: Features a large in-ground pool and spa, complete with a safety fence, ideal for hot summer days and family enjoyment.
Cost Efficiency: Benefits from low property taxes and no Homeowners Association (HOA) fees, significantly reducing monthly ownership costs.
Location & Convenience: Centrally located with quick access to the I-15 Freeway, Ortega Highway, schools, parks, shopping, restaurants, and Lake Elsinore.
Value Proposition: A recent $30,000 price improvement enhances its affordability and market competitiveness.
Functional Family Home: A 4-bedroom, 2-bathroom home with a practical floor plan, including a fireplace and ample kitchen storage, suitable for family living.

Cons

Property Age & Potential Updates: Built in 1984, the property may require updates to systems or aesthetics to meet modern standards, as no major renovations are specified.
Transactional Uncertainty: Currently 'Active Subject to Cancellation of Escrow,' which introduces uncertainty and potential delays for new interested buyers.
Unspecified Cooling System: Despite 'hot valley summer days,' the description does not mention the presence or condition of an air conditioning system, which could be a significant comfort factor.

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