15660 Lake Ridge Road, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
Analysis of 15660 Lake Ridge Road, Lake Elsinore, California 92530 reveals a property with a current list price of $590,000, which is 28% above the estimated $422,619 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15660 Lake Ridge Road Subject | $590,000* List Price | 4 | 3 | 1,782 | $237 | - |
A 15681 Half Moon Drive Sold | $525,990 | 3 | 3 | 1,384 | $380 | 0.0 mi |
B 15133 Lighthouse Lane Sold | $585,000 | 4 | 3 | 2,197 | $266 | 0.5 mi |
C 33338 Riverside Dr Lot 58 Lot 58 Sold | $675,548 | 4 | 3 | 2,216 | $305 | 0.4 mi |
D 32985 Middlegate Place Sold | $545,000 | 4 | 3 | 2,021 | $270 | 0.6 mi |
E 15503 Rose Street Sold | $470,000 | 3 | 2 | 1,110 | $423 | 0.2 mi |
F 15710 Lake Ridge Road Active | $545,000 List Price | 4 | 3 | 1,782 | $306 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1987, making it 37 years old. While the description notes recent cosmetic updates such as new interior/exterior paint and new landscaping, the images reveal that the kitchen and bathrooms are largely outdated. The kitchen features white tiled countertops, older white cabinets (likely painted), and black appliances, which are functional but not modern. The bathrooms also appear clean and functional but with older fixtures and basic finishes. The flooring in common areas is an older style ceramic tile, though one bedroom shows newer LVP. Overall, the home is well-maintained but shows its age in key areas, requiring minor updates to meet current aesthetic standards.
The property boasts significant financial benefits including paid-off solar panels, super low taxes, and no HOA fees, leading to lower monthly ownership costs.
Enjoy picturesque views of both the lake and surrounding mountains, enhancing the property's appeal and providing a serene living environment.
The home has been newly painted inside and outside, and features new landscaping, contributing to excellent curb appeal and a move-in ready condition.
The listing price of $590,000 is significantly higher than the estimated property value of approximately $422,620, suggesting it may be overpriced relative to current market valuations.
Built in 1987, the property is 37 years old, which may indicate older systems and components that could require future maintenance or upgrades.
While cosmetic updates like paint are mentioned, the description lacks specific details on major interior renovations (e.g., kitchen, bathroom remodels), which might be a consideration for buyers seeking modern finishes.
This four-bedroom, three-bathroom home offers approximately 1,782 square feet of living space. The property features a well-designed floor plan with ample room for comfortable living. The primary bedroom is a spacious retreat, providing a peaceful and private sanctuary. The additional three bedrooms offer versatile spaces that can accommodate a variety of needs, such as a home office or guest room. The three bathrooms are tastefully appointed and provide convenient access. The home's square footage allows for flexible and efficient use of the available space. The property presents an opportunity for a motivated buyer seeking a comfortable and functional living environment. Super low taxes paid off Solar and no HOA. Newly painted inside and outside. New Landscaping!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,782 | 1,900 | 45% |
| Lot Size | 4,792 | 7,643 | 16% |
| Price | $590.0K | $590.0K | 50% |
| Price per sq ft | $331 | $312 | 64% |
| Built year | 1987 | 2004 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 472 | 192 | 99% |
No pricing history data available.