17631 Cottrell, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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Lake Elsinore, California 92530
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at a List Price of $545,000—positioned well below the $545,000 Fair Market Value. Featuring a Mint Condition Rating due to a complete contemporary remodel, the home includes a new central air system and tankless water heater. The R-3 Zoning on an expansive 8,712 sqft lot provides significant development potential for an ADU. With peek-a-boo lake views and a spacious backyard, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate, move-in-ready comfort.
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 17430 Crawford Sold | $521,000 | 3 | 2 | 1,536 | $339 | 0.3 mi |
B 17421 Haynes Avenue Sold | $610,000 | 3 | 2 | 2,251 | $271 | 0.4 mi |
C 17525 Bodkin Active | $499,999 List Price | 3 | 3 | 1,720 | $291 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1983, the property has undergone a complete contemporary remodel within the last 5 years. The interior features new laminate vinyl flooring, a modern kitchen with stainless appliances, and fully updated bathrooms with new vanities and fixtures. Critical systems have also been modernized, including a new central air system and a tankless water heater, placing it in mint, move-in-ready condition.
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.
The property is zoned R-3 on a generous 8,712 sqft lot, offering a rare opportunity for investors or homeowners to potentially add additional units or an ADU.
Completely remodeled with contemporary finishes, the home features an open floor plan, laminate vinyl tile flooring, a new central air system, and a tankless water heater for immediate move-in comfort.
With 201 days on the market and a significant price reduction from the original listing, the property may face buyer skepticism regarding its valuation or specific location appeal.
The assigned middle school has a low rating (3/10), which may deter families who prioritize high-performing educational districts for their children.
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.
No exterior & parking available.
Grades K-8 • 1.5 mi
Grades 6-8 • 5.6 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,966 | 1,973 |
| Lot Size | 8,712 | 6,970 |
| Price | $545.0K | $601.5K |
| Price per sq ft | $277 | $293 |
| Built year | 1983 | 2004 |
| HOA | $0 | $146 |
| Days on market | 209 | 64 |
Mar 7, 2026
$545,000
$585,000
-7% Price Drop
Initial Listing
Dec 25, 2025
$585,000
Initial Listing
Feb 6, 2023
$543,500
Public Record
Mar 9, 2022
$350,000
Public Record
Mar 9, 2022
$390,000
Public Record
Jul 16, 1999
$99,000
Public Record