142 N Massachusetts, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This Single-Family Residence represents a Strong Value Opportunity, listed at $545,999—positioned well below the $518,089 Fair Market Value by -5%. While the property is in Fair Condition Rating (4/10), it features a Private Pool & Outdoor Living space on a large lot. The functional Single-Story Layout offers immediate occupancy, though the home may require future capital improvements to core systems. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in the Lake Elsinore Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 142 N Massachusetts Subject | $545,999* List Price | 3 | 2 | 1,356 | $382 | - |
A 209 Ohio Sold | $510,000 | 3 | 2 | 1,256 | $406 | 0.2 mi |
B 15031 Vista View St Sold | $599,000 | 3 | 2 | 1,410 | $425 | 0.6 mi |
C 29345 Breakwater Sold | $599,000 | 3 | 2 | 1,597 | $375 | 0.7 mi |
D 3547 Cherry Blossom Lane Sold | $550,000 | 3 | 2 | 1,370 | $401 | 0.4 mi |
E 30489 Machado Sold | $430,000 | 3 | 2 | 1,200 | $358 | 0.8 mi |
F 16496 Nectarine Way Sold | $625,000 | 4 | 2 | 1,606 | $389 | 0.8 mi |
G 281 Jessica Active | $569,900 List Price | 3 | 2 | 1,442 | $395 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984 (40 years old), the property exceeds the 20-year threshold for 'Fair' condition. While the interior has been 'refreshed' with new paint and some updated flooring, the overall aesthetic remains dated, and there is no mention of recent major renovations to the kitchen, bathrooms, or core systems (HVAC/Electric).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1356.
The property features a large backyard with a sparkling pool, providing a private oasis for entertainment and relaxation that is rare at this price point.
Recently refreshed with new interior paint throughout, the home offers a clean, bright, and modern aesthetic that allows for immediate occupancy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1356, other record living area = 1056.
Built in 1984, the home may soon require capital improvements to major systems such as the roof, HVAC, or plumbing to maintain modern standards.
At 1,356 square feet, the interior may feel somewhat restrictive for larger families or those requiring expansive common areas and storage.
Welcome home to this charming 3-bedroom, 2-bath single-story gem in Lake Elsinore, offering 1,365 sq ft of comfortable living and the kind of backyard that makes you want to cancel your weekend plans—in the best way. Built in 1984 and beautifully refreshed with new interior paint throughout, this home delivers a clean, bright feel the moment you step inside. The layout is functional, inviting, and perfect for everyday living, whether you’re hosting family, working from home, or simply enjoying your own space. But the real showstopper? The large backyard with a sparkling pool—your own private retreat ready for summer BBQs, birthday parties, weekend lounging, and sunset swims. Homes with this kind of outdoor space don’t come along often, especially at this size and price point. If you’ve been waiting for a home that checks the boxes and gives you that “this is the one” feeling… this is it. Don't forget to ask me about the secret feature that only the owner of 25 years would know!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,356 | 1,928 | 21% |
| Lot Size | 7,841 | 7,319 | 61% |
| Price | $546.0K | $595.0K | 32% |
| Price per sq ft | $403 | $306 | 87% |
| Built year | 1984 | 2003 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 169 | 2% |
May 15, 2026
$545,999
Initial Listing
Jan 31, 2001
$157,000
Public Record