Realkey.ai
RealKey
‪(213) 433-7766‬

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$667,000$1,928/sqft
Est. Value: $679,839
1%
FairlyEstimate
186 S Massachusetts Street, Lake Elsinore, California 92530
4Beds
3Baths
1,928Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($679,838.99) is $12,838.99 (1%) lower than the list price ($667,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Energy Efficiency & Cost Savings: The property features a fully paid-off 28-panel solar system, a new central HVAC, a whole house fan, and an energy-saver variable speed pool pump, significantly reducing utility expenses and offering long-term financial benefits.
Top Cons:
Potential for Dated Interior Elements: While paint and flooring are updated, the description does not specify renovations to key areas like the kitchen or bathrooms, which, given the 1989 build year, may feature original or older designs that could require further modernization for some buyers.

Compared to the nearby listings

Price:$667.0K vs avg $587.6K (+$79,405.5)79%
Size:1,928 sqft vs avg 1,888.5 sqft53%
Price/sqft:$346 vs avg $32163%

More Insights

Built in 1989 (37 years old).
Condition: This property, built in 1989, is in good condition due to significant recent updates to major systems. The listing explicitly states '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,' and includes a paid-off solar system. These are substantial improvements that ensure the home is move-in ready and major systems are within their expected lifespan. While the kitchen features dated honey oak cabinets, mixed appliances (newer stainless steel range/microwave, older black dishwasher), and a fluorescent light box, and the primary bathroom appears to have an older style with white cabinets and fixtures, these areas are clean and functional, not requiring immediate renovation for use. The other two bathrooms show more recent, albeit basic, updates. The overall condition, especially with the new HVAC, water heater, and solar, elevates it beyond 'Fair' despite some dated aesthetic elements in the kitchen and primary bath.
Year Built
1989
Close
-
List price
$667K
Original List price
$667K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
RS26001826
Home ConditionGood
Features
Good View: Hills, Mountain(s), Pool
Pool
Spa
Patio
ViewHills, Mountain(s), Pool

About this home

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!

S
Sohel Rana
Listing Agent

Price History

Date
Event
Price
06/04/24
Sold
$505,000
Condition Rating
Good
This property, built in 1989, is in good condition due to significant recent updates to major systems. The listing explicitly states '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,' and includes a paid-off solar system. These are substantial improvements that ensure the home is move-in ready and major systems are within their expected lifespan. While the kitchen features dated honey oak cabinets, mixed appliances (newer stainless steel range/microwave, older black dishwasher), and a fluorescent light box, and the primary bathroom appears to have an older style with white cabinets and fixtures, these areas are clean and functional, not requiring immediate renovation for use. The other two bathrooms show more recent, albeit basic, updates. The overall condition, especially with the new HVAC, water heater, and solar, elevates it beyond 'Fair' despite some dated aesthetic elements in the kitchen and primary bath.
Pros & Cons

Pros

Exceptional Energy Efficiency & Cost Savings: The property features a fully paid-off 28-panel solar system, a new central HVAC, a whole house fan, and an energy-saver variable speed pool pump, significantly reducing utility expenses and offering long-term financial benefits.
Premier Outdoor Living & Entertainment: Boasting a large private pool, an expansive covered patio with a ceiling fan and misting system, a dedicated BBQ area with a sink, and fruit trees, this home offers an ideal and well-equipped space for relaxation and entertaining.
Modern Upgrades & Move-in Ready Condition: Recent updates include a new central HVAC system, fresh interior and exterior paint, a new electric water heater, and a mix of updated flooring, ensuring a comfortable and low-maintenance living experience for new owners.
Family-Oriented Layout & Community Benefits: The versatile 4-bedroom, 3-bath layout includes a convenient first-floor bedroom and full bath, situated in a family-friendly neighborhood known for top-rated schools, complemented by low property taxes, no Mello Roos, and no HOA.
Future-Proofed Amenities: The attached double car garage is equipped with a 240v fast charging option and an EV plug-in-ready outlet, catering to the growing market of electric vehicle owners.

Cons

Potential for Dated Interior Elements: While paint and flooring are updated, the description does not specify renovations to key areas like the kitchen or bathrooms, which, given the 1989 build year, may feature original or older designs that could require further modernization for some buyers.
Regional Commute Considerations: Lake Elsinore's location, while offering affordability and a family-friendly environment, may entail longer commute times to major employment hubs in surrounding counties, which could be a drawback for some professionals.
Maintenance of Extensive Outdoor Features: The property boasts a large pool, BBQ area, and fruit trees, which, while attractive, will require ongoing maintenance, time, and cost commitments from the homeowner.
Browse Properties by State Browse housing market trends by state