
Lake Elsinore, California 92530
This Single-Story Residential Home is a Strong Value Opportunity, listed at $680,000—positioned well below the $688,215 Fair Market Value by 1.2%. This valuation gap offers $8,215 in Instant Equity. Featuring a Condition Rating of 4, the property includes a newer HVAC, solar system, and expansive 27,007 sq ft lot with RV access. While the interior offers room for modernization, the versatile layout and lack of HOA fees provide long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking privacy and potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15640 Alvarado Subject | $680,000* List Price | 3 | 2 | 1,487 | $463 | - |
A 30590 Plumas Street Sold | $690,000 | 4 | 2 | 2,065 | $334 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this 40+ year old home is well-maintained but dated. While it features a newer HVAC, solar system, and stainless appliances, the interior retains older finishes such as green carpeting and original-style cabinetry and tile in the bathrooms that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27007, living area = 1487.
The massive 27,007 sq ft lot provides exceptional privacy and versatility, featuring dedicated RV access with a double gate, a large covered patio, and mature citrus and walnut trees.
The property boasts significant high-value improvements, including a newer HVAC system, a newer solar system, and fresh interior and exterior paint, ensuring lower utility costs and reduced immediate maintenance.
Built in 1983, the 1,487 sq ft floorplan is more compartmentalized than modern designs; while versatile, it would require structural investment to achieve a true contemporary open-concept feel.
The interior living space is relatively small compared to the expansive lot size, which may limit its appeal for larger families or buyers seeking significant indoor room without performing an addition.
Beautiful single-story home located in the highly desirable Woodhaven Estates featuring 3 bedrooms, 2 bathrooms, formal living and dining rooms, and just under 1,500 sq ft of living space. The spacious kitchen offers clean hard-surface countertops, rich cinnamon spice cabinetry, abundant cabinet and counter space, stainless steel appliances including: oven, microwave, dishwasher, and refrigerator. The kitchen opens seamlessly to the family room with cozy fireplace and formal dining area, creating an ideal layout for entertaining. Primary suite located at the end of the hall has a double door entry, two closets, ceiling fan, sliding glass door to the patio outside and a private bath with dual vanities and walk in shower. Each bedroom is spacious with a ceiling fan and large closet. Additional interior features include storage cabinets above each bedroom closet and a convenient hallway linen/storage closet. This floorplan is very versatile-- additional sq footage can easily be added or it can be opened up to create a "great room or open concept" feel. Home has several large windows and two skylights to allow natural light to stream in. Recent improvements include fresh interior paint throughout the home, newer HVAC system, newer Solar System and exterior paint Situated on an expansive lot just over 27,000 sq ft, the property offers endless possibilities. The grounds include a separate storage shed, RV access with large double gate, large covered patio which extends the full length of the home. Mature citrus, walnut, and shade trees along with established landscaping create a peaceful outdoor setting. The front yard features has drought tolerant landscaping with backyard access on each side of the home. No HOA, super low taxes, and no Special Assessments/Mello-Roos. Conveniently located near shopping, schools, parks, horse trails, and freeway access. A rare opportunity to own a versatile property with space, privacy, and endless potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,487 | 1,928 | 27% |
| Lot Size | 27,007 | 7,319 | 96% |
| Price | $680.0K | $595.0K | 84% |
| Price per sq ft | $457 | $306 | 95% |
| Built year | 1983 | 2003 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 169 | 2% |
May 20, 2026
$680,000
Initial Listing