
Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $415,000—positioned well below the $425,744 Fair Market Value by 2%. This valuation gap offers $10,744 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes recent major system upgrades like a new roof and copper plumbing. The large corner lot and panoramic mountain views provide significant upside for cosmetic renovation. This is a value-add asset ideal for Fix-and-Flip Investors or first-time buyers seeking to build equity.
Property is extensive renovation needed.
Built in 1989 (35 years old) without a recent interior renovation. While major systems like the roof, copper plumbing, and furnace are recently updated, the interior features original popcorn ceilings, dated bathrooms, and significant clutter, requiring a full cosmetic rehab as indicated by the 'investor project' description.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1416.
The property features a brand-new roof, copper plumbing, and a new furnace, significantly reducing immediate capital expenditure and providing long-term structural peace of mind.
Situated on a desirable corner lot, the home offers beautiful mountain views and a large desert-landscaped front patio, enhancing its curb appeal and outdoor aesthetic.
The home is priced to reflect its current state, suggesting that significant interior cosmetic updates and personal touches are required to modernize the space.
Built in 1989, the property may require additional investment beyond the recent system upgrades to update original fixtures and finishes to meet contemporary market standards.
Great Value in Lake Elsinore! Situated on a desirable corner lot with beautiful mountain views, this 3-bedroom, 2-bathroom home offers 1,416 square feet of living space and plenty of potential! The home features a spacious living room with a cozy fireplace, an attached garage, and a large desert-landscaped front patio that's perfect for relaxing and taking in the scenic mountain views. Recent improvements include a new roof, copper plumbing, and furnace, adding even more value to this property! Offering an excellent opportunity for buyers looking to add their personal touches or investors seeking their next project, this home is attractively priced to reflect its current condition. Conveniently located near shopping, dining, schools, and freeway access. With its desirable location, recent improvements, and attractive price point, this is an opportunity you won't want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,416 | 2,014.188 |
| Lot Size | 7,405 | 7,537.856 |
| Price | $415.0K | $605.8K |
| Price per sq ft | $293 | $297 |
| Built year | 1989 | 2005 |
| HOA | $0 | $143 |
| Days on market | 17 | 70 |
Oct 8, 2026
$415,000
Initial Listing
Aug 13, 1999
$122,000
Public Record