134 N Chestnut Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
ACTIVE$450,000
134 N Chestnut Street, Lake Elsinore, California 92530
3Beds
2Baths
1,100Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($447,813.355) is $2,186.645 (0%) lower than the list price ($450,000). This property may be overpriced.
Key pros and cons
Top 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 = 1100.
Top Cons:
Older Construction & Compact Interior: Built in 1939, the 1100 sqft interior, while charming, may feel compact for a 3-bedroom, 2-bathroom layout, potentially limiting appeal to buyers seeking more spacious living.
Compared to the nearby listings
Price:$450.0K vs avg $585.9K ($-135,858)8%
Size:1,100 sqft vs avg 1,884 sqft6%
Price/sqft:$409 vs avg $32189%
More Insights
Built in 1939 (86 years old).
Condition: Despite being built in 1939, this property has undergone an extensive and recent renovation, as evidenced by the description stating a 'new roof, brand-new HVAC system, updated plumbing and electrical, and a new sewer line.' The images confirm this with a modern, fully updated kitchen featuring stainless steel appliances, new countertops, subway tile backsplash, and recessed lighting. The bathroom also shows recent updates with a vessel sink, modern vanity, and clean shower surround. These comprehensive upgrades bring the property's condition to an excellent standard, making it virtually new in terms of major systems and key living spaces.
Year Built
1939
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$409
HOA
-
Days on market
-
Sold On
-
MLS number
PW25123639
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Charming 3-Bed, 2-Bath Cottage on a Spacious Lot Welcome to this beautifully updated cottage-style home, offering 3 bedrooms and 2 bathrooms on a generously sized lot. Enjoy the freedom of open space with plenty of room to expand or build additional structures. This home has been thoughtfully upgraded for peace of mind, featuring a new roof, brand-new HVAC system, updated plumbing and electrical, and a new sewer line—providing worry-free living for years to come. Perfect for outdoor entertaining, the expansive yard offers endless possibilities. Need extra storage or a workshop? A separate outbuilding is ready to adapt to your needs—whether for hobbies, a studio, or additional storage. Don’t miss this rare opportunity to own a move-in-ready home with character, comfort, and room to grow! Ask About Getting in This Home With No Closing Costs.
Condition Rating
Excellent
Despite being built in 1939, this property has undergone an extensive and recent renovation, as evidenced by the description stating a 'new roof, brand-new HVAC system, updated plumbing and electrical, and a new sewer line.' The images confirm this with a modern, fully updated kitchen featuring stainless steel appliances, new countertops, subway tile backsplash, and recessed lighting. The bathroom also shows recent updates with a vessel sink, modern vanity, and clean shower surround. These comprehensive upgrades bring the property's condition to an excellent standard, making it virtually new in terms of major systems and key living spaces.
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 = 1100.
Extensive System Upgrades: Recent updates to the roof, HVAC, plumbing, electrical, and sewer line ensure long-term reliability and significantly reduce immediate maintenance concerns for new owners.
Generous Lot Size: The 7,405 sqft lot provides ample outdoor space, privacy, and significant potential for landscaping, outdoor entertaining, or recreational use.
Expansion & Development Potential: The spacious lot offers considerable room for future expansion of the main residence or the addition of accessory dwelling units (ADUs) or other structures.
Versatile Outbuilding: A separate outbuilding provides flexible space that can be adapted for a workshop, art studio, additional storage, or other custom uses, adding functional value.
Move-in Ready Condition: With major systems recently updated, the property offers a hassle-free, move-in ready experience, appealing to buyers seeking immediate occupancy without major projects.
Cons
Older Construction & Compact Interior: Built in 1939, the 1100 sqft interior, while charming, may feel compact for a 3-bedroom, 2-bathroom layout, potentially limiting appeal to buyers seeking more spacious living.
Above Market Estimation: The current listing price of $450,000 is 7% higher than the property's estimated value, which could be a point of negotiation or concern for potential buyers.
Undefined MLS Area: The '699 - Not Defined' MLS area may present challenges in precise comparative market analysis and understanding localized market trends.