16513 Mountain, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
16513 Mountain
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 16513 Mountain, Lake Elsinore, California 92530 reveals a Prime Investment Opportunity with a current list price of $629,800—significantly undercutting the $666,081 Fair Market Value by 5%. This valuation gap indicates a +$36,281 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 |
|---|---|---|---|---|---|---|
★ 16513 Mountain Subject | $629,800* List Price | 4 | 2 | 1,656 | $402 | - |
A 15026 Navel Way Sold | $595,000 | 3 | 2 | 1,600 | $372 | 0.1 mi |
B 179 S Massachusetts Sold | $580,000 | 4 | 3 | 1,928 | $301 | 0.8 mi |
C 29032 Rolando Sold | $580,000 | 4 | 2 | 1,565 | $371 | 0.2 mi |
D 29060 Palm View Street Sold | $625,000 | 4 | 2 | 1,924 | $325 | 0.3 mi |
E 29054 Palm View Sold | $672,000 | 3 | 3 | 1,725 | $390 | 0.3 mi |
F 802 Napa Court Sold | $590,000 | 4 | 2 | 1,696 | $348 | 0.6 mi |
G 15294 Madrone Court Active | $699,000 List Price | 4 | 3 | 2,000 | $350 | 0.7 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 1989, the property has undergone an extensive recent renovation within the last year, featuring brand-new flooring, fresh interior and exterior paint, and modern light fixtures throughout. The kitchen and bathrooms have been updated with contemporary styles, and major components like the roof underlayment and pool surface have been recently replaced or refaced, leaving no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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 = 1656.
- No HOA or Mello-Roos
The absence of HOA fees and Mello-Roos assessments provides significant monthly savings and greater homeowner freedom compared to many neighboring developments in the area.
- Extensive Recent Upgrades
The property is truly move-in ready, featuring brand-new flooring, fresh interior and exterior paint, modern fixtures, and a recently replaced roof underlayment for long-term reliability.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-10-06. The sold price is $465,000.00.
- Limited Bathroom Count
With only two bathrooms to serve four bedrooms, the home may present logistical challenges for larger families or guests during peak morning hours.
- Compact Bedroom Dimensions
At 1,656 square feet for a four-bedroom configuration, the individual room sizes may feel somewhat constrained, potentially limiting furniture layout options.
About 16513 Mountain
Living at Its Best in Lake Elsinore! Welcome to this stunning pool home located in a peaceful community, offering the perfect blend of comfort, upgrades, and freedom—NO HOA and NO Mello-Roos. This beautifully upgraded residence features 4 spacious bedrooms, 2 bathrooms, and a 3-car garage, ideal for both everyday living and entertaining. Enjoy brand-new flooring throughout, new modern fixtures, and recessed lighting that enhance the home’s bright, contemporary feel. The home also boasts a freshly painted interior and exterior, making it truly move-in ready. Step outside to your private pool, recently refaced and ready for summer fun, while taking in peaceful mountain views. Additional peace of mind comes with a recently replaced roof underlayment, adding long-term value and reliability. This Lake Elsinore gem delivers space, style, and serenity—with no extra fees, no restrictions, and all the upgrades you’ve been looking for. Homes like this don’t last—schedule your private showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,656 | 1,857 | 37% |
| Lot Size | 7,405 | 7,841 | 47% |
| Price | $629.8K | $595.0K | 67% |
| Price per sq ft | $380 | $319 | 82% |
| Built year | 1989 | 2004 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 194 | 7% |
Pricing History
Listed for Sale
Jan 31, 2026
$629,800
$639,000
-1% Price Drop
Initial Listing
Price Change
Dec 31, 2025
$629,000
Initial Listing
Price Change
Dec 31, 2025
$639,000
Initial Listing
Sold
Oct 6, 2025
$465,000
Public Record
Sold
Apr 28, 1998
$107,000
Public Record
Sold
Mar 31, 1997
$103,000
Public Record