
Lake Elsinore, California 92530
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $499,000—positioned well below the $536,063 Fair Market Value by 6%. This valuation gap offers $37,063 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a fully remodeled kitchen and modern finishes, the home offers immediate lifestyle appeal. The oversized 9,583 sqft lot provides exceptional utility for RV parking and outdoor entertaining. This is an ideal acquisition for first-time buyers or investors seeking a move-in-ready asset with no HOA.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 198 N Pennsylvania St Subject 3 bd · 2 ba · 1,316 sqft · $407 | $499,000* List Price | 3 | 2 | 1,316 | $407 | - |
A 209 Ohio Sold 3 bd · 2 ba · 1,256 sqft · $406 · 0.1 mi | $510,000 | 3 | 2 | 1,256 | $406 | 0.1 mi |
B 32009 Bourges Street Sold 3 bd · 2 ba · 1,400 sqft · $396 · 0.6 mi | $555,000 | 3 | 2 | 1,400 | $396 | 0.6 mi |
C 5085 Siena Court Sold 3 bd · 2 ba · 1,539 sqft · $393 · 0.4 mi | $605,000 | 3 | 2 | 1,539 | $393 | 0.4 mi |
D 4536 Avellino Place Sold 3 bd · 2 ba · 1,435 sqft · $374 · 0.9 mi | $536,447 | 3 | 2 | 1,435 | $374 | 0.9 mi |
E 235 Laurelwood Lane Sold 3 bd · 2 ba · 1,760 sqft · $307 · 0.3 mi | $540,000 | 3 | 2 | 1,760 | $307 | 0.3 mi |
F 281 Jessica Sold 3 bd · 2 ba · 1,442 sqft · $372 · 0.5 mi | $537,000 | 3 | 2 | 1,442 | $372 | 0.5 mi |
G 127 N Massachusetts Sold 4 bd · 2 ba · 1,585 sqft · $388 · 0.2 mi | $615,000 | 4 | 2 | 1,585 | $388 | 0.2 mi |
H 3432 Harrison Avenue Sold 3 bd · 3 ba · 1,768 sqft · $303 · 0.2 mi | $535,000 | 3 | 3 | 1,768 | $303 | 0.2 mi |
I 162 S Massachusetts Active 3 bd · 2 ba · 1,210 sqft · $454 · 0.3 mi | $549,900 List Price | 3 | 2 | 1,210 | $454 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1982, the home has undergone a recent comprehensive renovation (<5 years reno). The interior is in mint, turnkey condition featuring a fully remodeled kitchen with white shaker cabinetry and stainless steel appliances, updated bathrooms with modern finishes, and new flooring throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1316.
The home features a fully remodeled kitchen with white shaker cabinetry and stainless steel appliances, alongside updated bathrooms, offering a move-in-ready experience for buyers.
The oversized 9,583 sqft lot provides exceptional versatility for RV parking, boat storage, and outdoor entertaining, which is a significant value-add in this market.
With 1,316 square feet of living area, the interior footprint may feel somewhat limited for growing families or those needing extra storage.
Despite the cosmetic updates, the 1982 construction date suggests that original major systems like roofing or plumbing may eventually require attention.
Beautiful single-story home situated on a spacious lot in the heart of Lake Elsinore! This move-in-ready property features an open-concept floor plan with updated flooring, fresh interior finishes, and abundant natural light throughout. The remodeled kitchen offers white shaker cabinetry, stainless steel appliances, ample counter space, and a large breakfast bar that seamlessly opens to the living and dining areas. Updated bathrooms feature modern finishes and a clean, contemporary design. Step outside to the oversized lot, offering plenty of space for RV parking, boats, toys, gardening, entertaining, or future possibilities. The covered patio creates an ideal setting for outdoor dining and relaxation while enjoying the surrounding mountain views. Conveniently located near schools, shopping, dining, parks, and major freeway access. A fantastic opportunity for first-time buyers, growing families, or investors looking for a turnkey property with space, upgrades, and flexibility. With no HOA and low property taxes, this home offers exceptional potential and value. Don’t miss the opportunity to make this Lake Elsinore gem your own!
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 | 1,316 | 2,014.188 |
| Lot Size | 9,583 | 7,537.856 |
| Price | $499.0K | $605.8K |
| Price per sq ft | $379 | $297 |
| Built year | 1982 | 2005 |
| HOA | $0 | $143 |
| Days on market | 31 | 70 |
Sep 24, 2026
$499,000
Initial Listing
Dec 5, 2017
$315,000
Public Record
Jul 17, 2017
$220,000
Public Record