186 S Massachusetts, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
186 S Massachusetts
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 186 S Massachusetts, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $667,000 aligned with the estimated $682,380 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 186 S Massachusetts Subject | $667,000* List Price | 4 | 3 | 1,928 | $354 | - |
A 179 S Massachusetts Sold | $580,000 | 4 | 3 | 1,928 | $301 | 0.0 mi |
B 15139 Camphor Way Sold | $650,000 | 4 | 3 | 1,901 | $342 | 0.4 mi |
C 15068 Christina Court Sold | $649,000 | 4 | 3 | 2,299 | $282 | 0.6 mi |
D 15031 Valencia Way Sold | $695,000 | 4 | 3 | 2,247 | $309 | 0.7 mi |
E 802 Napa Court Sold | $590,000 | 4 | 2 | 1,696 | $348 | 0.3 mi |
F 29054 Palm View Sold | $672,000 | 3 | 3 | 1,725 | $390 | 0.7 mi |
G 3273 Fig Court Active | $660,000 List Price | 4 | 3 | 2,090 | $316 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant recent upgrades that elevate it above the typical 1989 build. Key improvements include a brand-new central HVAC system, fresh interior and exterior paint, and modern functional additions like 28 paid-off solar panels and a 240v EV charging station. The kitchen and bathrooms have been updated with stainless steel appliances, stone countertops, and refreshed vanities. While the mix of flooring and certain architectural details reflect the original construction era, the lack of deferred maintenance and the high quality of the outdoor amenities (pool, BBQ area, covered patio) justify a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency & Modern Upgrades
The property features 28 fully paid-off solar panels, a brand-new central HVAC system, and a 240v EV-ready garage outlet, providing significant utility savings and modern convenience for electric vehicle owners.
- Premium Outdoor Entertainment
The backyard is a private oasis featuring an Olympic-size pool, a large covered patio with an outdoor misting system, a BBQ area with a sink, and stunning mountain views, perfect for large-scale entertaining.
- Superior Financial Value
Located in a highly sought-after area with no HOA fees and no Mello Roos, this home offers a lower monthly carrying cost and higher long-term value compared to newer developments in Lake Elsinore.
CONSRISKS & DEFICIENCIES
- Limited Yard Versatility
Due to the massive size of the pool and the extensive covered patio structure, there is very little traditional green space or lawn area remaining on the 6,970 sqft lot for pets or children's play.
- Interior Material Consistency
The use of a mix of carpet, tile, and laminate flooring throughout the home may present a disjointed aesthetic that some buyers might find dated or prefer to replace for a more cohesive modern look.
About 186 S Massachusetts
Welcome to this charming spacious 4-Bedrooms, 3 Full bath with Olympic Size POOL & PAID-OFF SOLAR Home nestled in the highly sought-after City of Lake Elsinore, known for its Top-Rated Schools and Safe, Family-Friendly neighborhoods, making it perfect for families of all sizes. All New Central HVAC System, Energy saver variable speed Pool Pump, Electric Water Heater, Fresh Interior & Exterior Paint, Mix of Carpet, Tile & Laminate floor throughout. This home also has A whole house fan, Ceiling fans in rooms- an added Bonus on top of the Central Cooling & Heating System! Attached double car garage has 240v Fast Charging option, EV Plug-in-Ready Outlet to charge all current Electric Vehicles on the market. Excellent choice for Current & Future Electric Vehicle Owners. Strategically designed 1 bedroom & 1 full bathroom with double doors on the first floor, perfect for guests or a home office. The ample sized primary suite provides views of the lush backyard- Private Pool & Mountain view! The open floor plan boasts vaulted ceilings throughout the living and dining area. The spacious family room, complete with fireplace, flows seamlessly into a generously sized area, ideal for family gatherings. Walk through the sliding glass door from the family room, you are greeted by a very large sized covered patio structure with ceiling fan, a sparkling pool, BBQ area with sink to entertain large crowd on the weekends and to enjoy pool party on summer days with outdoor misting system to cool the entire patio area. Enjoy breathtaking view of the Mountain from the Front and Back of the home. Some Fruit Trees are in the backyard and front yard of the Home. Low Property Tax, NO MELLO ROOS & NO HOA! 28 Panels SOLAR that is PAID OFF! NO LEASE to Deal with!! A wonderful opportunity for first-time buyers. Don’t miss the opportunity to make this charming residence your forever home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 3.0 | 3.0 | 50% |
| Square foot | 1,928 | 1,868 | 53% |
| Lot Size | 6,970 | 7,841 | 40% |
| Price | $667.0K | $595.0K | 80% |
| Price per sq ft | $346 | $319 | 64% |
| Built year | 1989 | 2004 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 193 | 2% |
Pricing History
Listed for Sale
Jan 28, 2026
$667,000
Initial Listing
Sold
Jun 4, 2024
$505,000
Public Record