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15120 Audrey Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 4 bath

15120 Audrey Drive, Lake Elsinore, California 92530 home-pic-0
ACTIVE$650,000
15120 Audrey Drive, Lake Elsinore, California 92530
4Beds
4Baths
2,709Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($650,000) is $0 (0%) lower than the list price ($650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Main Floor Suite: The property features an individual suite on the main floor with a separate outside entrance, wet bar, and microwave, offering excellent flexibility for multi-generational living, guest accommodation, or potential rental income.
Top Cons:
Undeveloped Backyard: The description notes a 'large backyard enclosed with vinyl walls' and states 'How to use it is up to your imagination,' implying it's currently a blank canvas requiring significant landscaping and investment from the new owner.

Compared to the nearby listings

Price:$650.0K vs avg $586.2K (+$63,811)76%
Size:2,709 sqft vs avg 1,893 sqft89%
Price/sqft:$240 vs avg $31911%

More Insights

Built in 2018 (7 years old).
Condition: Built in 2018 and described as 'almost like new' and 'rarely lived in,' this property meets the criteria for excellent condition. The kitchen features modern dark cabinetry and black appliances that are functional and contemporary. Bathrooms are clean with modern vanities, fixtures, and stand-up showers. All components appear virtually new with minimal wear and tear, and the inclusion of paid-off solar panels further enhances its modern appeal and efficiency.
Year Built
2018
Close
-
List price
$650K
Original List price
$680K
Price/Sqft
$240
HOA
-
Days on market
-
Sold On
-
MLS number
AR25131532
Home ConditionExcellent
Features
Good View: Hills
ViewHills

About this home

Price is slashed. Time to buy. Almost like new. The owners use this house as a vacation home and is rarely live in there. There are 4 bedrooms, a loft, 3 full and 1 half bathrooms. The main floor bedroom is an individual suit, which consists of a bedroom, a full bathroom, and a bonus room with a wet bar & microwave. It also has a separate outside entrance. It can be used as a guest unit, in-law unit or rental unit. Upstairs bedrooms consist of a master suit, a jake and jill bedrooms connected with a full bathroom and a loft. A large open floor kitchen connected to a dining area and a living room. There is a large backyard enclosed with vinyl walls. How to use it is up to your imagination. The solar panels are paid off and is included in the sale. It is located in a quiet and nice neighborhood. Close to school, shopping mall, restaurants and other entertainments.

Condition Rating
Excellent
Built in 2018 and described as 'almost like new' and 'rarely lived in,' this property meets the criteria for excellent condition. The kitchen features modern dark cabinetry and black appliances that are functional and contemporary. Bathrooms are clean with modern vanities, fixtures, and stand-up showers. All components appear virtually new with minimal wear and tear, and the inclusion of paid-off solar panels further enhances its modern appeal and efficiency.
Pros & Cons

Pros

Versatile Main Floor Suite: The property features an individual suite on the main floor with a separate outside entrance, wet bar, and microwave, offering excellent flexibility for multi-generational living, guest accommodation, or potential rental income.
Newer Construction & Pristine Condition: Built in 2018 and rarely lived in as a vacation home, the property is 'almost like new,' ensuring modern amenities, minimal wear and tear, and reduced immediate maintenance needs.
Owned Solar Panels: The inclusion of paid-off solar panels provides significant long-term energy cost savings, enhances the property's eco-friendly appeal, and adds immediate value.
Spacious & Functional Layout: With 4 bedrooms, 4 bathrooms, a loft, and a large open-floor kitchen connected to dining and living areas, the home offers ample space and a highly functional design suitable for various family needs.
Recent Price Adjustment: A recent price reduction from $680,000 to $650,000 indicates a motivated seller and presents a potentially more attractive entry point for buyers.

Cons

Undeveloped Backyard: The description notes a 'large backyard enclosed with vinyl walls' and states 'How to use it is up to your imagination,' implying it's currently a blank canvas requiring significant landscaping and investment from the new owner.
Lack of Specific Luxury Finishes: While new, the property description does not highlight specific high-end upgrades, premium finishes, or unique architectural details that might differentiate it in a competitive market.
Market Perception of Location: While conveniently located, Lake Elsinore's real estate market might not command the same premium or rapid appreciation as some other Southern California cities, potentially limiting its appeal to certain investor profiles or luxury buyers.

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