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186 S Massachusetts Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

186 S Massachusetts Street, Lake Elsinore, California 92530 home-pic-0
ACTIVE$673,000
186 S Massachusetts Street, Lake Elsinore, California 92530
4Beds
3Baths
1,928Sqft
6,970Lot
Year Built
1989
Close
-
List price
$673K
Original List price
$689K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
RS25133010
Home ConditionFair
Features
Good View: Hills, Mountain(s), Neighborhood, Pool
Pool
Spa
Patio
ViewHills, Mountain(s), Neighborhood, Pool

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,5 Pros. Rank: price - $673.0K(84th), sqft - 1928(53th), beds - 4(53th), baths - 3(52th).

Update on Oct, 2025 - Brand New Water Heater & AC System Installed! Welcome to this charming spacious 4-bedroom, 3 full bath Olympic Size POOL & SOLAR (PAID OFF) 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. 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, Mountain surrounded by the Lake. 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. When you walk through the sliding glass door from the family room, you are greeted by a 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 in the backyard and front yard of the Home. New Homeowner can color match the existing paint or be creative to their preferred color and update some areas of the flooring to their preferred style. Low Property Tax, NO MELLO ROOS & NO HOA! 28 Panels SOLAR that is PAID OFF! Excellent choice for Electric Vehicle Owners. New Energy saver variable speed Pool Pump, New Gas Furnace Heating system. A whole house fan to cool the entire home and ceiling fans throughout the home. Attached double car garage has 240v Fast Charging option, EV Plug-in-Ready Outlet to charge all current Electric Cars on the market. A wonderful opportunity for first-time buyers. Don’t miss the opportunity to make this charming residence your forever home!

Price History

Date
Event
Price
10/22/25
Price Change
$673,000+0.7%
09/12/25
Price Change
$668,000-1.4%
08/13/25
Price Change
$677,777
06/25/25
Listing
$689,000
Condition Rating
Fair
The property, built in 1989, has seen significant recent upgrades to major systems including a brand new AC system, water heater, gas furnace, and pool pump, along with a paid-off solar system. These mechanical updates are excellent. However, the interior, particularly the kitchen, features dated honey oak cabinets, dark countertops, mixed appliance finishes (stainless steel and black), and an outdated fluorescent ceiling light fixture. While some flooring has been updated to wood-look tile, other areas still have carpet, and the listing description explicitly mentions that a new homeowner may want to update paint and flooring to their preferred style. Without bathroom images, it's reasonable to assume they align with the kitchen's dated aesthetic. These cosmetic elements, especially in the kitchen, require substantial updates to meet current standards, placing the overall condition in the 'Fair' category despite the robust mechanical improvements.
Pros & Cons

Pros

Energy Efficiency & Cost Savings: Features a fully paid-off 28-panel solar system, new energy-saver variable speed pool pump, new gas furnace, whole house fan, and an EV Plug-in-Ready Outlet in the garage, significantly reducing utility costs and appealing to eco-conscious buyers.
Exceptional Outdoor Living & Entertainment: Boasts an Olympic-sized pool, covered patio with ceiling fan and misting system, BBQ area with sink, and fruit trees, creating an ideal environment for relaxation and hosting large gatherings.
Recent Major System Upgrades: Includes a brand new AC system and water heater (installed Oct 2025), along with a new gas furnace, ensuring modern comfort and minimizing immediate maintenance concerns for critical home systems.
Financial Advantages & Low Ownership Costs: Benefits from low property taxes, no Mello Roos, and no HOA fees, contributing to significantly lower monthly ownership expenses compared to many other properties.
Versatile Layout & Family-Friendly Location: Offers a practical 1-bedroom, 1-bathroom downstairs, ideal for guests or a home office, situated in a highly sought-after, safe, and family-friendly neighborhood known for its top-rated schools.

Cons

Dated Interior Finishes: The description suggests the new homeowner may need to update paint and flooring to their preferred style, indicating potential immediate cosmetic renovation costs.
Potential Overpricing: The current list price of $673,000 is higher than the property's estimated value of $637,509.30, which could impact market appeal and negotiation leverage.
Age of Structure: Built in 1989, while major systems are new, other components of the home (e.g., roof, windows, original plumbing/electrical beyond recent updates) may be older and could require future attention or replacement.

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