
Lake Elsinore, California 92530
This Spacious Single-Family Residence is a High-Potential Investment Opportunity, listed at $599,990—positioned well above the $591,709 Fair Market Value by approximately 1.4%. While the property is priced at market, it offers a Condition Rating of 4, featuring a permitted sunroom and a functional 4-bedroom layout. The home provides a stable foundation for value-add improvements, though the unpermitted garage shower requires attention. Located near the Ortega Highway, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable home in a commuter-friendly location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15153 Spinnaker Subject 4 bd · 3 ba · 2,477 sqft · $239 | $599,990* List Price | 4 | 3 | 2,477 | $239 | - |
A 15145 Lighthouse Drive Sold 4 bd · 3 ba · 2,197 sqft · $266 · 0.1 mi | $585,000 | 4 | 3 | 2,197 | $266 | 0.1 mi |
B 33440 Macy Street Sold 5 bd · 3 ba · 2,610 sqft · $275 · 0.6 mi | $719,000 | 5 | 3 | 2,610 | $275 | 0.6 mi |
C 15660 Laguna Sold 4 bd · 3 ba · 2,293 sqft · $264 · 0.6 mi | $605,000 | 4 | 3 | 2,293 | $264 | 0.6 mi |
D 33455 Megan Court Sold 4 bd · 2 ba · 1,794 sqft · $307 · 0.5 mi | $549,900 | 4 | 2 | 1,794 | $307 | 0.5 mi |
E 15158 Spinnaker Drive Sold 6 bd · 3 ba · 2,505 sqft · $236 · 0.0 mi | $590,000 | 6 | 3 | 2,505 | $236 | 0.0 mi |
F 33130 Trabuco Drive Sold 3 bd · 2 ba · 1,754 sqft · $312 · 0.4 mi | $547,000 | 3 | 2 | 1,754 | $312 | 0.4 mi |
G 33129 Shoreline Active 4 bd · 3 ba · 2,505 sqft · $230 · 0.2 mi | $575,000 List Price | 4 | 3 | 2,505 | $230 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (21 years old), the property falls into the >20y category. While well-maintained and move-in ready, the interior finishes in the bathrooms and the tile flooring appear original and dated. The systems are likely nearing the end of their typical lifespan, and the listing notes an unpermitted shower in the garage.
The property features a permitted sunroom addition and a backyard equipped with a gazebo and fire pit, providing excellent indoor-outdoor flow for entertainment.
Built in 2003, this 2,477-square-foot home offers a spacious four-bedroom, three-bathroom configuration that meets the functional needs of contemporary families.
Situated near Lake Elsinore and the Ortega Highway corridor, the home provides convenient access to premier outdoor recreation and key commuting routes.
The inclusion of an unpermitted shower in the garage may present challenges during the appraisal process or require future remediation to meet local building codes.
While the property is noted to have a view, it is limited to the surrounding neighborhood, lacking the high-demand lake or mountain vistas often sought in this region.
Built in 2003, this single-family home offers approximately 2,477 square feet of living space on an approximately 7,405-square-foot lot. Interior features include a fireplace and central air conditioning. A permitted sunroom addition connects to the back of the home and provides direct access to the backyard, which features a gazebo and fire pit for outdoor relaxation and gatherings. The property also includes an attached garage containing an unpermitted shower. Located near Lake Elsinore and the Ortega Highway corridor, the home offers access to outdoor recreation and surrounding communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,477 | 2,014.188 |
| Lot Size | 7,405 | 7,537.856 |
| Price | $600.0K | $605.8K |
| Price per sq ft | $242 | $297 |
| Built year | 2003 | 2005 |
| HOA | $0 | $143 |
| Days on market | 20 | 70 |
Oct 5, 2026
$599,990
Initial Listing
Jul 11, 2003
$266,000
Public Record