17428 Anthony, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
ACTIVE$350,000$1,247/sqft
Est. Value: $302,566
-13%
AboveEstimate
17428 Anthony, Lake Elsinore, California 92530
3Beds
2Baths
1,247Sqft
7,841Lot
Price Vs. Estimate
The estimated value ($302,565.92) is $47,434.08 (13%) lower than the list price ($350,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 7841, living area = 1247.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$350.0K vs avg $586.0K ($-236,023.5)2%
Size:1,247 sqft vs avg 1,876 sqft11%
Price/sqft:$281 vs avg $32034%
More Insights
Built in 1934 (92 years old).
Condition: Built in 1934, this property is explicitly listed 'AS IS - NO REPAIRS,' indicating significant deferred maintenance. The kitchen features very dated tile countertops, older white appliances, and basic cabinetry. Bathrooms are also very outdated, with one showing a unique, rough-textured shower base and older tile work. There's no visible central HVAC, only wall units and heaters. While some flooring appears to be laminate, other areas have older tile or painted concrete. The overall condition suggests substantial repairs and rehabilitation are needed to bring it to modern living standards, aligning with a 'poor' rating.
Year Built
1934
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
IG26009742
Home ConditionPoor
Features
Good View: Hills, Lake
Deck
Patio
ViewHills, Lake
About this home
INVESTORS HERE IS THE ONE YOU HAVE BEEN WAITING FOR!! CASH ONLY - AS IS "NO REPAIRS" So charming and unique historical home featuring "POTENTIAL" 3 bedroom, 2 bath in the Craftsman inspired Cottage. This home offers curb appeal with a classic front porch, warm exterior colors, single story with upstairs studio/3rd bedroom! As you enter you are greeted with a cozy living room and fireplace, beamed ceilings, arched entries and plenty of natural light. Lake Views from the bedroom and Sunroom. The large lot adds plenty of space for a potential ADU or Jr. ADU, outside laundry room, shed and one car garage. Historically it was known as a hunting lodge back in the 30's where many famous Hollywood actors were known to visit and stay.
K
Karen Shobe
Listing Agent
Price History
Date
Event
Price
08/06/03
Sold
$175,000
Condition Rating
Poor
Built in 1934, this property is explicitly listed 'AS IS - NO REPAIRS,' indicating significant deferred maintenance. The kitchen features very dated tile countertops, older white appliances, and basic cabinetry. Bathrooms are also very outdated, with one showing a unique, rough-textured shower base and older tile work. There's no visible central HVAC, only wall units and heaters. While some flooring appears to be laminate, other areas have older tile or painted concrete. The overall condition suggests substantial repairs and rehabilitation are needed to bring it to modern living standards, aligning with a 'poor' rating.
Pros & Cons
Pros
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 = 7841, living area = 1247.
Historical Significance & Unique Character: The property boasts a rich history as a 1930s hunting lodge frequented by Hollywood actors, offering a unique and charming narrative that adds to its appeal.
Scenic Lake & Hills Views: Enjoy picturesque lake and hills views from key areas of the home, including the bedroom and sunroom, enhancing its desirability and providing a serene living environment.
Significant ADU Development Potential: A large 7,841 sqft lot provides ample space for adding an Accessory Dwelling Unit (ADU) or Junior ADU, offering future income or expanded living options.
Charming Craftsman Architecture: Features classic Craftsman-inspired design elements, including a front porch, beamed ceilings, arched entries, and a cozy fireplace, contributing to strong curb appeal and character.
Investor-Ready Opportunity: Explicitly marketed towards investors, this property presents a clear value-add opportunity for those seeking a renovation project with potential for significant returns.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Cash Only & Strict As-Is Sale: The requirement for a cash-only purchase and 'as-is, no repairs' condition significantly limits the buyer pool and implies potential for substantial renovation costs.
Advanced Age of Structure: Built in 1934, the property is an older home, which may necessitate significant updates to systems, infrastructure, and overall condition, especially given the 'as-is' sale.
Uncertain Bedroom/Bathroom Count: The description notes 'potential' 3 bedrooms and 2 baths, indicating that the current configuration may not fully meet these counts or require further investment to achieve.