15223 Drexel Court 102, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
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15223 Drexel Court 102
Lake Elsinore, California 92532
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,527Sq Ft
838Lot Size
Property Price
LIST PRICE$400,000
EST. MARKET VALUE
$454,534
11% BelowMARKET VALUE
SUMMARY
This well-maintained condominium is a Strong Value Opportunity, listed at $400,000—positioned well below the $454,534 Fair Market Value by 11%. This valuation gap offers $54,534 in Instant Equity for the buyer. Featuring a Good Condition Rating, this end-unit offers a functional layout with stunning lake and mountain views, plus access to community pool and spa amenities. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home in a desirable location.
Estimated Market Value
$454,534+$54,534 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15223 Drexel Court 102 Subject 3 bd · 3 ba · 1,527 sqft · $298 | $400,000* List Price | 3 | 3 | 1,527 | $298 | - |
A 15435 Park Point 108 Active 3 bd · 3 ba · 1,527 sqft · $324 · 0.1 mi | $495,000 List Price | 3 | 3 | 1,527 | $324 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007, this 17-year-old property falls within the 10-20 year age bracket for 'Good' condition. The unit appears well-maintained and move-in ready with functional living spaces and hardwood-style flooring. While the bedroom carpeting shows some minor wear, the overall structure, systems, and finishes are consistent with a well-kept home of this age.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views & Privacy
As a desirable end-unit, this home offers enhanced privacy and features stunning, unobstructed views of the lake and mountains, providing a serene backdrop for outdoor living.
- Functional Modern Layout
The 1,527 sqft floor plan is thoughtfully designed with an attached two-car garage, direct home access, and a dedicated laundry room, ensuring a highly convenient and efficient lifestyle.
- Community Amenities
Residents of the Vista del Lago community benefit from premium shared amenities, including a sparkling pool and spa, which add significant recreational value to the property.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The monthly association fee of $434 is a substantial recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
- Limited Outdoor Space
With a lot size of only 838 square feet, the private backyard is minimal and low-maintenance, which may not suit buyers looking for a traditional yard or garden area.
About 15223 Drexel Court 102
Welcome to this beautifully situated two-story condo, with lake view, in the desirable Vista del Lago community. This inviting end-unit offers added privacy and a thoughtfully designed layout with all three bedrooms conveniently located upstairs, along with 2.5 bathrooms. The attached two-car garage provides direct access to the home, with a downstairs laundry room conveniently connected to the garage. Step outside to the low-maintenance backyard, where privacy meets stunning scenery. Enjoy peaceful mountain and lake views, creating a relaxing backdrop for morning coffee, outdoor dining, or simply unwinding at the end of the day. Residents of Vista del Lago enjoy access to community amenities including a sparkling pool and spa. Ideally located near shopping, dining, and entertainment this home offers the perfect combination of comfort, privacy, convenience, and beautiful surroundings. A wonderful opportunity to enjoy easy living in a desirable community!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2007
- Lot Size
- 838 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $434.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,527 | 1,604.241 |
| Lot Size | 838 | 1,588.276 |
| Price | $400.0K | $427.1K |
| Price per sq ft | $262 | $270 |
| Built year | 2007 | 2012 |
| HOA | $434.0 | $298 |
| Days on market | 38 | 85 |
Pricing History
Listed for Sale
Sep 16, 2026
$400,000
Initial Listing
Sold
May 7, 2024
$471,500
Public Record
Sold
May 4, 2010
$140,000
Public Record
Sold
Dec 29, 2006
$376,500
Public Record