15505 Shadow Mountain Ln, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
15505 Shadow Mountain Ln
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 15505 Shadow Mountain Ln, Lake Elsinore, California 92530 reveals a Prime Investment Opportunity with a current list price of $490,000—significantly undercutting the $524,609 Fair Market Value by 6%. This valuation gap indicates a +$34,609 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15505 Shadow Mountain Ln Subject | $490,000* List Price | 3 | 2 | 1,380 | $380 | - |
A 15600 Lake Ridge Sold | $570,000 | 3 | 2 | 1,384 | $412 | 0.1 mi |
B 15475 Shadow Mountain Lane Sold | $460,000 | 3 | 2 | 1,032 | $446 | 0.0 mi |
C 15325 Darnell Dr Lot 62 Lot 62 Sold | $570,507 | 3 | 2 | 1,569 | $364 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1990, the property has undergone an extensive recent renovation within the last few years. It features a modern kitchen with white shaker-style cabinetry, stone countertops, and stainless steel appliances. The interior boasts updated luxury vinyl plank flooring, fresh neutral paint, modern recessed lighting, and fully updated bathrooms, meeting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Story Accessibility
The single-level floor plan offers a functional and convenient layout that appeals to a wide range of buyers, from first-time homeowners to those looking to downsize without stairs.
- Scenic Mountain Views
The property features desirable mountain views, providing a picturesque backdrop that enhances the overall ambiance and aesthetic value of the residence.
- Prime Commuter Location
Situated in a desirable Lake Elsinore community, the home offers excellent proximity to schools, shopping, dining, and major commuter routes, ensuring everyday convenience.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of approximately 4,356 square feet, the property offers minimal yard space, which may be a drawback for buyers seeking extensive outdoor recreation or gardening areas.
- Compact Interior Footprint
At 1,380 square feet for a three-bedroom home, the interior living space is relatively modest, which could feel restrictive for larger families or those requiring significant storage.
About 15505 Shadow Mountain Ln
This is your opportunity to come home to this charming single-story residence located in the desirable community of Lake Elsinore! This 1,380 sq ft home offers 3 bedrooms, 2 bathrooms, and an attached 2-car garage, all set on a 4,356 sq ft lot. Walking in, you are welcomed by a comfortable and functional layout featuring a spacious living area complete with a cozy fireplace — perfect for relaxing evenings. The single-story design provides convenience and easy flow throughout the home. The kitchen offers ample cabinetry and counter space, making it ideal for everyday living and entertaining. Adjacent dining and living areas create an open feel, perfect for gathering with family and friends. All three bedrooms are generously sized, with the primary suite offering privacy and its own ensuite bathroom. The additional bedrooms are versatile and can easily be used as guest rooms, office space, or hobby areas. The attached 2-car garage provides convenient parking and storage space. Built in 1990, this home is located within Riverside County and is close to schools, shopping, dining, and commuter access. This property presents a wonderful opportunity for homeowners and investors alike. Don’t miss your chance to own this well-located home in Lake Elsinore. Schedule your private showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,380 | 1,857 | 21% |
| Lot Size | 4,356 | 7,841 | 13% |
| Price | $490.0K | $590.0K | 16% |
| Price per sq ft | $355 | $319 | 70% |
| Built year | 1990 | 2004 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 193 | 1% |
Pricing History
Listed for Sale
Mar 4, 2026
$490,000
Initial Listing
Sold
Jan 2, 2024
$460,000
Public Record
Sold
Jul 6, 2023
$357,500
Public Record
Sold
Nov 21, 2008
$116,500
Public Record
Sold
Mar 31, 2004
$230,000
Public Record
Sold
Dec 20, 2002
$138,000
Public Record
Sold
Oct 4, 1996
$59,000
Public Record