16550 Arnold Avenue, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
16550 Arnold Avenue
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 16550 Arnold Avenue, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $559,000 aligned with the estimated $570,826 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 16550 Arnold Avenue Subject | $559,000* List Price | 4 | 2 | 1,700 | $336 | - |
A 4678 Swan Avenue Sold | $561,429 | 3 | 2 | 1,742 | $322 | 0.2 mi |
B 3710 Concord Circle Sold | $580,000 | 4 | 2 | 1,588 | $365 | 0.9 mi |
C 16495 Stevens Avenue Sold | $575,000 | 3 | 3 | 1,773 | $324 | 0.1 mi |
D 908 Porta Marina Lane Sold | $563,209 | 3 | 2 | 1,539 | $366 | 0.2 mi |
E 932 Porta Marina Lane Sold | $585,858 | 3 | 2 | 1,742 | $336 | 0.3 mi |
F 1056 Sardinia Drive Pending | $607,922 List Price | 4 | 3 | 1,840 | $330 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive and high-end renovation within the last 5 years, effectively bringing the 1983 structure up to modern standards. The kitchen is fully updated with contemporary white shaker cabinetry, quartz countertops, and stainless steel appliances, while the bathrooms feature modern vanities and custom tile work. With additional upgrades like new dual-pane windows, updated flooring throughout, and paid-off solar panels, the home shows no signs of deferred maintenance and meets the criteria for excellent condition.
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 = 11325, living area = 1700.
- Comprehensive Modern Renovation
The home features a complete high-end remodel including a chef's kitchen with quartz countertops, custom bathroom tile work, and new dual-pane windows, offering a move-in-ready experience.
- Exceptional Land & Versatility
The sale includes an adjacent parcel for added space and a lower-level bonus room with a separate entrance, providing excellent potential for multi-generational living or rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11325, other record lot size in square feet = 6098.
- Private Utility Systems
The property utilizes septic and propane systems rather than municipal sewer and gas, which may require specialized maintenance and periodic inspections.
- 1980s Infrastructure
Despite the extensive cosmetic renovations, the 1983 construction date suggests that some underlying structural or mechanical components may be nearing the end of their typical lifespan.
About 16550 Arnold Avenue
Fully remodeled custom home at 16550 Arnold Ave in Lake Elsinore, with the adjacent parcel included in the sale, offering added space, flexibility, and long-term opportunity. The kitchen has been completely renovated with white shaker cabinetry, quartz countertops, subway tile backsplash, stainless steel appliances, and a farmhouse sink. Both bathrooms feature custom tile work, modern vanities, and matte black fixtures. New rear dual-pane windows enhance natural light and energy efficiency, while updated flooring and contemporary finishes create a clean, cohesive interior throughout. The lower level includes a 2-car garage and a spacious bonus room with closet and separate exterior entrance, ideal for multi-generational living, extended guests, a private office, or potential income-producing space. Additional highlights include paid-off solar, RV parking, no HOA, no Mello Roos, and low property taxes. Serviced by septic and propane for greater utility independence. Located just a couple miles from Lake Elsinore, offering convenient access to boating, fishing, and outdoor recreation. A rare opportunity to own a move-in ready custom home with land, versatility, and lasting value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 11,325 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 | 1,700 | 1,857 | 40% |
| Lot Size | 11,325 | 7,841 | 84% |
| Price | $559.0K | $590.0K | 34% |
| Price per sq ft | $329 | $319 | 56% |
| Built year | 1983 | 2004 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 193 | 2% |
Pricing History
Listed for Sale
Feb 23, 2026
$559,000
Initial Listing
Sold
Mar 22, 2022
$460,000
Public Record
Sold
Jun 25, 2019
$325,000
Public Record
Sold
Feb 20, 2015
$235,000
Public Record
Sold
Jul 29, 2013
$171,000
Public Record
Sold
Jul 2, 1999
$78,000
Public Record
Sold
Nov 15, 1995
$14,000
Public Record