17631 Cottrell, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
17631 Cottrell
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 17631 Cottrell, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $545,000 aligned with the estimated $545,000 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 |
|---|---|---|---|---|---|---|
★ 17631 Cottrell Subject | $545,000* List Price | 3 | 2 | 1,966 | $277 | - |
A 33447 Landerville Boulevard Sold | $590,000 | 3 | 3 | 2,304 | $256 | 0.4 mi |
B 18225 Brightman Avenue Sold | $510,000 | 3 | 3 | 2,000 | $255 | 0.7 mi |
C 18299 Brightman Avenue Sold | $540,000 | 4 | 2 | 1,531 | $353 | 0.8 mi |
D 17421 Haynes Avenue Active Under Contract | $593,000 List Price | 3 | 2 | 2,251 | $263 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1983, the property has undergone an extensive and complete professional renovation within the last 5 years. The interior features modern laminate vinyl tile flooring, a fully updated kitchen with contemporary cabinetry and stainless steel appliances, and remodeled bathrooms. Significant mechanical upgrades, including a new central air system and a tankless water heater, ensure the home meets current quality standards with no visible 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 = 8712, living area = 1966.
- Development Potential
The property is zoned R-3 on an expansive lot, providing a rare opportunity to potentially build additional units, which significantly increases its long-term investment value.
- Modern Turnkey Upgrades
Completely remodeled with contemporary finishes, the home features a new central air system, tankless water heater, and durable laminate vinyl flooring for a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The local schools carry lower performance ratings, specifically a 3/10 for the middle school, which may be a concern for families prioritizing top-tier educational districts.
- Market Pricing Sensitivity
A recent price reduction from $585,000 to $545,000, following a 2023 sale at $543,500, suggests the property is currently navigating a flat equity curve or local market cooling.
About 17631 Cottrell
Welcome to 17631 Cottrell Street, Lake Elsinore. This beautifully completely remodeled home offers modern comfort, style, and space in a desirable Lake Elsinore neighborhood. Zoned R-3 so it may be able to have additional units built on the same lot. Thoughtfully designed for today’s lifestyle, the home features an open floor plan filled with natural light, creating a bright and inviting atmosphere ideal for everyday living and entertaining. The interior showcases laminate vinyl tile flooring throughout, providing a clean, contemporary look with easy maintenance. Recent upgrades include a tankless water heater and new central air system, delivering energy efficiency and year-round comfort. Step outside to a huge backyard with exceptional potential—perfect for outdoor entertaining, recreation, or future enhancements. The expansive lot also offers potential RV parking, ideal for additional vehicles, toys, or trailers. Conveniently located near schools, shopping, dining, and freeway access, this move-in-ready home is also close to Lake Elsinore’s outdoor recreation, including boating, hiking, and local attractions. A rare opportunity to own a fully updated home with generous outdoor space in a growing community—ready for immediate enjoyment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 8,712 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
Lake Elsinore Unified Schools
Lakeland Village School
Grades K-8 • 1.5 mi
Canyon Lake Middle School
Grades 6-8 • 5.6 mi
Lakeside High School
Grades 9-12 • 2.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,966 | 1,868 | 58% |
| Lot Size | 8,712 | 7,841 | 64% |
| Price | $545.0K | $590.0K | 30% |
| Price per sq ft | $277 | $319 | 32% |
| Built year | 1983 | 2004 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 193 | 7% |
Pricing History
Listed for Sale
Mar 7, 2026
$545,000
$585,000
-7% Price Drop
Initial Listing
Price Change
Dec 25, 2025
$585,000
Initial Listing
Sold
Feb 6, 2023
$543,500
Public Record
Sold
Mar 9, 2022
$350,000
Public Record
Sold
Mar 9, 2022
$390,000
Public Record
Sold
Jul 16, 1999
$99,000
Public Record