15205 Windjammer Way, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
ACTIVE$530,000
15205 Windjammer Way, Lake Elsinore, California 92530
3Beds
2Baths
1,362Sqft
7,841Lot
Year Built
1993
Close
-
List price
$530K
Original List price
$575K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
WS25059266
Home ConditionFair
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,6 Pros. Rank: price - $530.0K(23th), sqft - 1362(17th), beds - 3(50th), baths - 2(50th).
A single-family residence nestled in the community of Lake Elsinore. This charming home boasts a great design with exquisite details, perfect for comfortable living and entertaining. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a warm welcoming and airy atmosphere. NO HOA, LOW TAX
Condition Rating
Fair
Built in 1993, this property is 31 years old and shows signs of its age, particularly in the kitchen and bathrooms. The kitchen features dated light wood cabinets, older white appliances, and tile flooring, indicating no significant modern renovations. Bathrooms also appear to have original or very old fixtures and finishes. While the home appears clean and well-maintained, and the AC unit looks relatively new, the overall aesthetic and key areas are outdated and would require minor to moderate updates to meet current buyer expectations. This aligns with the 'fair' criteria of being aged but maintained, with functional but outdated major components.
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 = 7841, living area = 1362.
No HOA Fees: The property explicitly states 'NO HOA', which is a significant financial advantage, saving homeowners from recurring monthly fees and restrictive community rules.
Low Property Taxes: The listing highlights 'LOW TAX', making the property more attractive and affordable for potential buyers over the long term.
Open Concept Floor Plan: The home features an 'open floor plan [that] seamlessly connects the living, dining, and kitchen areas, creating a warm welcoming and airy atmosphere,' a highly sought-after design for modern living and entertaining.
Recent Price Reduction: The list price has been reduced from an original $575,000 to $530,000, indicating a motivated seller and potential for a more competitive offer.
Generous Lot Size: With a lot size of 7841 sqft, the property offers ample outdoor space for various activities, gardening, or potential expansion, which is comparable to or larger than many nearby properties.
Cons
Significant Overpricing: The current listing price of $530,000 is 26% higher than the estimated property value of $389,418.16, suggesting the property may be significantly overvalued relative to market data.
Lack of Specific Modern Upgrades: The description is vague about 'exquisite details' and does not highlight specific modern upgrades (e.g., renovated kitchen/baths, solar panels, pool, RV access) that are present in several recently sold comparable properties, potentially requiring buyer investment for modernization.
Limited Desirable Features: The property explicitly states 'view: None' and does not mention a cooling system, which are features that could enhance market appeal and comfort, especially in Lake Elsinore's climate, and are present in some comparable homes.