
Lake Elsinore, California 92530
This Modern Turnkey Residence is a Strong Value Opportunity, listed at $628,500—positioned well below the $662,987 Fair Market Value by 5%. This valuation gap provides $34,487 in Instant Equity. Boasting an Excellent Condition Rating, the 2018-built home features a 5.5% assumable mortgage, paid-off solar, and no HOA fees. Located in the Lake Elsinore Unified district, the layout includes a main-floor bedroom and spacious loft. This is an exceptional match for Owner-Occupants or multi-generational families seeking long-term financial stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15115 Courtney Lane Subject | $628,500* List Price | 4 | 3 | 2,508 | $264 | - |
A 15120 Audrey Drive Sold | $650,000 | 4 | 4 | 2,709 | $240 | 0.0 mi |
B 15112 Audrey Sold | $640,000 | 4 | 3 | 2,319 | $276 | 0.0 mi |
C 4746 Sicily Drive Sold | $635,990 | 4 | 3 | 2,389 | $266 | 0.8 mi |
D 4764 Sicily Drive Sold | $610,089 | 4 | 3 | 2,139 | $285 | 0.8 mi |
E 29116 Outrigger Sold | $659,000 | 4 | 3 | 2,176 | $303 | 0.9 mi |
F 4740 Sicily Drive Pending | $637,370 List Price | 4 | 3 | 2,139 | $298 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this property is only 8 years old, meeting the criteria for excellent condition. The interior features a modern open-concept kitchen with white shaker cabinetry and stainless steel appliances, contemporary flooring, and updated systems including paid-off solar panels.
The combination of a 5.5% assumable mortgage and fully paid-off solar panels provides significant monthly savings and a competitive edge in a high-interest-rate market.
Built in 2018, this home features a desirable open-concept design, a convenient main-floor bedroom with a full bath, and a spacious upstairs loft, catering to multi-generational living or remote work.
The absence of a Homeowners Association offers the buyer greater freedom over their property and eliminates monthly dues, enhancing overall affordability.
Described as a 'versatile canvas,' the large backyard likely requires significant additional investment and labor to transform it into a finished, functional outdoor living space.
The property is listed as having no views, which may limit its appeal compared to other homes in the Lake Elsinore area that offer mountain or water vistas.
5.5% Assumable Mortgage! Tucked into a quiet neighborhood in Lake Elsinore, this spacious two-story home offers a functional layout, generous living areas, NO HOA and paid off solar. Designed with flexibility in mind, the lower level features a well-placed bedroom adjacent to a full bathroom. Ideal for guests, multi-generational living, or a private home office. Natural light fills the open-concept main living space, the living room seamlessly connects to a well-appointed kitchen complete with ample counter space. Upstairs, a versatile loft provides additional living space that can be used as a media room, play area, or secondary lounge. Three generously sized bedrooms offer comfort and functionality, complemented by hallway and linen storage for added convenience. The primary suite is expansive, featuring dual walk-in closets and a large bathroom with a standing shower. Step outside to the backyard covered patio, large backyard is a versatile canvas ready to be shaped to your vision. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
No exterior & parking available.
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 | 2,508 | 1,928 | 79% |
| Lot Size | 7,405 | 7,510 | 50% |
| Price | $628.5K | $595.0K | 63% |
| Price per sq ft | $251 | $309 | 17% |
| Built year | 2018 | 2004 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 195 | 2% |
Apr 2, 2026
$628,500
Initial Listing
Sep 28, 2018
$395,000
Public Record