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15055 Danielle Way, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

15055 Danielle Way, Lake Elsinore, California 92530 home-pic-0
ACTIVE UNDER CONTRACT$565,000
15055 Danielle Way, Lake Elsinore, California 92530
3Beds
2Baths
1,965Sqft
11,761Lot

Price Vs. Estimate

The estimated value ($539,734.175) is $25,265.825 (4%) lower than the list price ($565,000). 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 = 11761, living area = 1965.
Top Cons:
Requires Updates/TLC: The property description explicitly states that the home and yard 'may need a little TLC,' suggesting potential for deferred maintenance or outdated features requiring additional investment.

Compared to the nearby listings

Price:$565.0K vs avg $585.9K ($-20,858)40%
Size:1,965 sqft vs avg 1,893 sqft56%
Price/sqft:$288 vs avg $31935%

More Insights

Built in 1987 (38 years old).
Condition: Built in 1987, this property is 37 years old. While the home appears well-maintained and features some positive updates like wood-look tile flooring and vaulted ceilings, the kitchen and bathrooms are significantly dated. The kitchen features older dark wood cabinets, basic countertops, and non-stainless steel appliances, along with a very dated fluorescent light fixture. The bathrooms, while clean, have basic vanities and fixtures that are not modern. The property description explicitly states it 'may need a little TLC' and is an 'opportunity to customize,' indicating that major aesthetic updates are required to meet current standards. Major systems are likely functional but show signs of being outdated or nearing the end of their expected lifespan, aligning with the 'fair' condition criteria.
Year Built
1987
Close
-
List price
$565K
Original List price
$590K
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
OC25041764
Home ConditionFair
Features
Good View: Hills
Patio
ViewHills

About this home

Price cut! Prime Location in Lake Elsinore! This 3-bedroom, 2-bathroom single-story home sits in a highly desirable neighborhood, just minutes from the lake, shopping, dining, and freeway access. With 1,965 sq. ft. of living space on a huge 11,761 sq. ft. lot, there’s plenty of room to make it your own. Inside, you’ll find a spacious living room with a fireplace, high ceilings with plenty of natural light streaming in through the skylight. The large kitchen with an island, and a huge family room with another fireplace—great for gatherings or office? The primary suite features a walk-in closet, a retreat space (perfect for a home office), and backyard access. Step outside to a covered patio with a built-in gas BBQ and a massive backyard ready for your ideas. While the home and yard may need a little TLC, it’s the perfect opportunity to customize to your style. Extras include RV parking or space for a boat or extra vehicles. Don’t miss out on this chance to create your dream home! Schedule a private tour today.

Condition Rating
Fair
Built in 1987, this property is 37 years old. While the home appears well-maintained and features some positive updates like wood-look tile flooring and vaulted ceilings, the kitchen and bathrooms are significantly dated. The kitchen features older dark wood cabinets, basic countertops, and non-stainless steel appliances, along with a very dated fluorescent light fixture. The bathrooms, while clean, have basic vanities and fixtures that are not modern. The property description explicitly states it 'may need a little TLC' and is an 'opportunity to customize,' indicating that major aesthetic updates are required to meet current standards. Major systems are likely functional but show signs of being outdated or nearing the end of their expected lifespan, aligning with the 'fair' condition criteria.
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 = 11761, living area = 1965.
Prime Location & Accessibility: Situated in a highly desirable neighborhood, this home offers excellent proximity to Lake Elsinore, shopping, dining, and freeway access, enhancing convenience and lifestyle.
Generous Lot Size & Outdoor Potential: The property boasts a huge 11,761 sq. ft. lot with a covered patio and built-in gas BBQ, providing ample space for outdoor living, entertainment, and future customization.
Spacious & Functional Interior Layout: With 1,965 sq. ft. of living space, the single-story home features a large kitchen with an island, two fireplaces, high ceilings, abundant natural light, and a primary suite with a retreat space and walk-in closet.
Valuable RV/Boat Parking: The property includes dedicated space for RV, boat, or extra vehicles, a highly sought-after amenity for many homeowners.
Recent Price Reduction: A recent price cut from $590,000 to $565,000 indicates a motivated seller and potentially better value for prospective buyers.

Cons

Requires Updates/TLC: The property description explicitly states that the home and yard 'may need a little TLC,' suggesting potential for deferred maintenance or outdated features requiring additional investment.
Age of Property: Built in 1987, the home is 37 years old, which may imply that major systems (e.g., HVAC, plumbing, electrical) and aesthetic elements could be original and nearing the end of their useful life or requiring modernization.
Overpriced Relative to Estimation: The current listing price of $565,000 is 3% higher than the estimated property value of $544,237.93, potentially indicating it is slightly above market value according to current estimations.

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