15070 Lancashire, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Spacious Value-Add Residence is listed at $599,900, representing a stable market entry positioned right at its $598,729 Fair Market Value. While currently maintaining a Condition Rating of 4 with dated interiors, the asset features critical infrastructure updates including Solar Panels and an Updated HVAC. The property’s primary draw is the massive 14,375 Sqft Lot offering spectacular Mountain Views and clear ADU Potential. Located near Withrow Elementary and Lakeside High, this home is a strategic choice for Owner-Occupants or Multi-generational Families looking to build equity through personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15070 Lancashire Subject | $599,900* List Price | 4 | 3 | 1,870 | $320 | - |
A 15055 Danielle Way Sold | $529,000 | 3 | 2 | 1,965 | $269 | 1.0 mi |
B 15062 Amorose Street Sold | $615,000 | 4 | 2 | 2,232 | $276 | 0.9 mi |
C 33450 Walham Pending | $579,998 List Price | 4 | 2 | 2,020 | $287 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the home is 40 years old and features a dated kitchen with original-style cabinetry and older bathroom finishes. While the property benefits from significant system updates including a newer HVAC, water heater, and solar panels, the interior aesthetics (flooring, lighting, and counters) require modernization to move beyond its current dated condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 1870.
The oversized 14,375 sqft lot features an extra-wide driveway for RV parking and separate side access, offering significant potential for an ADU, lot split, or custom pool installation.
The home is equipped with solar panels, an updated HVAC system, a newer water heater, and dual-paned windows, providing immediate utility savings and reduced maintenance costs.
Built in 1984, the home retains some original features like the brick fireplace and kitchen layout that may require cosmetic updates to compete with modern interior design trends.
The assigned elementary and middle schools currently hold lower performance ratings (3 and 4 respectively), which may be a drawback for families prioritizing top-tier educational districts.
Don't miss out on this incredible opportunity to own this absolutely amazing home, situated on a great sized lot with solar and spectacular mountain VIEWS!! As you approach, enjoy the extra wide driveway with plenty of space for RV, extra parking, vehicles, toys and more! There is also separate access to the side portion of the lot, which has a multitude of additional possibilities for potential ADU, lot split potential, or even explore adding a pool. Upon entry, enjoy the great sized living room with a warm and inviting brick fireplace with mantle. The living room leads into the kitchen that features plenty of cabinet and counter space, double sink, dishwasher, range, vent hood, and peninsula island. Also located downstairs is a bonus room (currently used as an office), that could have the potential to be a 5th bedroom or accommodate other potential options. Upstairs, the primary suite features vaulted ceilings, walk in closet, and an en-suite primary bathroom. The remaining bedrooms are generously sized and create a great option for investment, families and more. Other notable features include the reverse osmosis under sink, ceiling fans, outdoor jacuzzi, dog run area, dual paned windows, MyQ garage door opener, updated HVAC system, updated water heater, outdoor sheds and so much more! Located in proximity to schools, shopping, Lake Elsinore, and SO MUCH MORE! Act now before it's too late!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 2.4 mi
Grades K-8 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,870 | 1,920 | 48% |
| Lot Size | 14,375 | 7,022 | 90% |
| Price | $599.9K | $595.0K | 55% |
| Price per sq ft | $321 | $307 | 59% |
| Built year | 1984 | 2002 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 159 | 4% |
May 4, 2026
$599,900
Initial Listing
Jul 17, 2009
$130,000
Public Record
Mar 13, 2007
$405,000
Public Record