15228 Laguna, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well above the $446,392 Fair Market Value by 6%. While the property lacks immediate equity, its Fair Condition Rating and 1980 build date provide a clear path for forced appreciation through strategic renovations. The 7,405 sq. ft. lot offers significant utility for potential expansion or an ADU. This asset is best suited for Buy-and-Hold Investors or Contractors capable of modernizing the interior to capture local market demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15228 Laguna Subject | $475,000* List Price | 3 | 2 | 1,200 | $372 | - |
A 615 Le Harve Sold | $521,000 | 3 | 2 | 1,285 | $405 | 0.8 mi |
B 3533 Lake Crest Ne Sold | $489,000 | 3 | 2 | 1,344 | $364 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (46 years old) with no mention of recent renovations. The listing description stating the home 'has a lot of potential' is a standard indicator that the property is dated and requires significant rehabilitation to the kitchen, bathrooms, and likely the original systems to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1200.
The single-story floor plan offers a functional and accessible layout that appeals to a broad demographic, including first-time buyers and those looking to downsize.
Situated on a spacious 7,405 sq. ft. lot, the property provides ample outdoor space for gardening, entertainment, or the potential addition of an Accessory Dwelling Unit (ADU).
The description's emphasis on 'potential' and the 1980 build date suggest the home may require significant cosmetic or structural updates to meet contemporary standards.
With no designated view, the property may face stiff competition from other Lake Elsinore listings that offer mountain or lake vistas at a similar price point.
Welcome to this charming house 3-bedrooms, 1.75 bath. Single- story home offering approximately 1,200sq. ft. of living space spacious 7,405 sq. ft. lot. Featuring a cozy fireplace, attached 2- car garage, and a functional floor plan. this house is ready for its next owner this home has a lot of potential
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,200 | 1,973 |
| Lot Size | 7,405 | 6,970 |
| Price | $475.0K | $601.5K |
| Price per sq ft | $396 | $293 |
| Built year | 1980 | 2004 |
| HOA | $0 | $146 |
| Days on market | 15 | 64 |
Jul 7, 2026
$475,000
Initial Listing
Aug 30, 2022
$445,000
Public Record