16736 Joy Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 2 bath
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Lake Elsinore, California 92530
This Single Family Residence is a Strong Value Opportunity, listed at $459,000—positioned slightly above the $452,827 Fair Market Value. While priced at market, the property features a Condition Rating of 3, highlighted by a newer HVAC and solar with battery backup. The unique two-lot configuration and detached climate-controlled office provide significant ADU potential and development flexibility. This property balances modern energy efficiency with long-term growth prospects, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready home with expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16736 Joy Street Subject | $459,000* List Price | 2 | 2 | 999 | $453 | - |
A 1103 Roosevelt Sold | $489,000 | 3 | 2 | 924 | $529 | 0.8 mi |
B 16481 Stevens Sold | $445,000 | 2 | 2 | 864 | $515 | 1.0 mi |
C 30489 Machado Sold | $430,000 | 3 | 2 | 1,200 | $358 | 0.8 mi |
D 3803 Eisenhower Sold | $412,000 | 3 | 2 | 1,125 | $366 | 0.7 mi |
E 3526 Lake Crest Sold | $535,000 | 3 | 2 | 1,344 | $398 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1955, the property is exceptionally well-maintained and move-in ready. It features high-value system updates including an HVAC system less than 5 years old and solar with battery backup. The exterior shows 'mint' curb appeal with professional landscaping and a newer concrete driveway, indicating a high level of ongoing maintenance.
The unique two-lot configuration and excellent ADU potential provide significant opportunities for expansion, additional development, or multi-generational living arrangements.
The property features a solar system with battery backup and a newer HVAC system (less than 5 years old), offering substantial long-term utility savings and reliability.
A detached workshop has been converted into a 100 sq ft climate-controlled office with electricity, providing valuable additional functional space for remote work or hobbies.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 999, other record living area = 777.
With approximately 899 to 999 sq ft of living space, the home's interior footprint is relatively small, which may feel restrictive for buyers seeking larger common areas.
Built in 1955, the property may require ongoing maintenance or further updates to older structural and mechanical systems typical of homes from this era.
Charming single-story home situated on a spacious two-lot property, offering approximately 6,563 sq ft of land and 899 sq ft of living space. This 2-bedroom, 1.75-bath home features an updated HVAC system (less than 5 years old), solar with battery backup, and a versatile detached workshop converted into an approximately 100 sq ft office complete with electricity and air conditioning. The property also includes an open concrete carport, a separate front entrance to the second bedroom, and excellent ADU potential (buyer to verify with the City of Lake Elsinore), with the two-lot configuration potentially providing additional development opportunities. Conveniently located near shopping, dining, schools, parks, and commuter routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 999 | 1,973 |
| Lot Size | 5,663 | 6,970 |
| Price | $459.0K | $601.5K |
| Price per sq ft | $459 | $293 |
| Built year | 1955 | 2004 |
| HOA | $0 | $146 |
| Days on market | 21 | 64 |
Jul 1, 2026
$459,000
Initial Listing
Jun 1, 2017
$25,300
Public Record
May 25, 2012
$88,000
Public Record