162 S Massachusetts, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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162 S Massachusetts
Lake Elsinore, California 92530
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,210Sq Ft
6,970Lot Size
Property Price
LIST PRICE$549,900
EST. MARKET VALUE
$553,501
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $549,900—positioned well below the $553,589 Fair Market Value by 0.67%. This valuation gap offers $3,689 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent renovations, including new paint and engineered flooring, the property is move-in ready. The large lot provides significant potential for an ADU project, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-quality, versatile asset.
Estimated Market Value
$553,501
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 |
|---|---|---|---|---|---|---|
★ 162 S Massachusetts Subject 3 bd · 2 ba · 1,210 sqft · $457 | $549,900* List Price | 3 | 2 | 1,210 | $457 | - |
A 281 Jessica Sold 3 bd · 2 ba · 1,442 sqft · $372 · 0.6 mi | $537,000 | 3 | 2 | 1,442 | $372 | 0.6 mi |
B 127 N Massachusetts Sold 4 bd · 2 ba · 1,585 sqft · $388 · 0.1 mi | $615,000 | 4 | 2 | 1,585 | $388 | 0.1 mi |
C 32009 Bourges Street Sold 3 bd · 2 ba · 1,400 sqft · $396 · 0.3 mi | $555,000 | 3 | 2 | 1,400 | $396 | 0.3 mi |
D 5085 Siena Court Sold 3 bd · 2 ba · 1,539 sqft · $393 · 0.7 mi | $605,000 | 3 | 2 | 1,539 | $393 | 0.7 mi |
E 29345 Breakwater Sold 3 bd · 2 ba · 1,597 sqft · $375 · 0.6 mi | $599,000 | 3 | 2 | 1,597 | $375 | 0.6 mi |
F 16513 Mountain Sold 4 bd · 2 ba · 1,656 sqft · $374 · 0.8 mi | $619,000 | 4 | 2 | 1,656 | $374 | 0.8 mi |
G 16496 Nectarine Way Sold 4 bd · 2 ba · 1,606 sqft · $389 · 0.9 mi | $625,000 | 4 | 2 | 1,606 | $389 | 0.9 mi |
H 3484 Cherry Blossom Lane Pending 3 bd · 2 ba · 1,177 sqft · $484 · 0.4 mi | $570,000 List Price | 3 | 2 | 1,177 | $484 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1989, the property has undergone a recent comprehensive renovation (likely <5 years) including new interior and exterior paint, remodeled bathrooms, and new engineered laminate flooring. It features a central HVAC system and is in move-in ready, mint condition.
About 162 S Massachusetts
North Lake Elsinore welcome to this beautiful 3 bedrooms and 2 full bathrooms home ! ! ! ! The property features new paint inside and out side, remodeled bathrooms, tile and engineered laminated flooring, central air and heat unit, fireplace, good size backyard for your ADU project. As well, this property also offers an exciting opportunity for buyers for a primary residence, vacation home or potential-producing investment property. Must see it to appreciate ! ! ! Call to set up your showing appointment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 6,970 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,210 | 2,014.188 |
| Lot Size | 6,970 | 7,537.856 |
| Price | $549.9K | $605.8K |
| Price per sq ft | $454 | $297 |
| Built year | 1989 | 2005 |
| HOA | $0 | $143 |
| Days on market | 52 | 70 |
Pricing History
Listed for Sale
Sep 3, 2026
$549,900
Initial Listing
Sold
Jun 29, 2001
$147,000
Public Record