
Lake Elsinore, California 92530
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $505,306 Fair Market Value by 1%. This valuation gap offers $5,306 in Instant Equity. Featuring a Condition Rating of 4, the home requires interior finishing, yet boasts a 10,890 sqft lot with a private pool, spa, and waterslide. This is a value-add asset ideal for Fix-and-Flip Investors or Owner-Occupants looking to complete a renovation project in a quiet cul-de-sac.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 209 Southshore Subject | $500,000* List Price | 4 | 2 | 1,495 | $338 | - |
A 233 Southshore Sold | $545,000 | 4 | 2 | 1,410 | $387 | 0.0 mi |
B 142 N Massachusetts Sold | $540,000 | 3 | 2 | 1,365 | $396 | 0.2 mi |
C 127 N Massachusetts Sold | $615,000 | 4 | 2 | 1,585 | $388 | 0.3 mi |
D 209 Ohio Sold | $510,000 | 3 | 2 | 1,256 | $406 | 0.1 mi |
E 32009 Bourges Street Sold | $555,000 | 3 | 2 | 1,400 | $396 | 0.6 mi |
F 281 Jessica Sold | $537,000 | 3 | 2 | 1,442 | $372 | 0.5 mi |
G 16550 Arnold Avenue Sold | $548,500 | 4 | 2 | 1,700 | $323 | 0.6 mi |
H 15344 Regatta Sold | $599,000 | 4 | 2 | 1,901 | $315 | 0.7 mi |
I 133 S Woodlake Active | $575,000 List Price | 3 | 2 | 1,370 | $420 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is a mid-renovation project. While it boasts 'excellent' grade upgrades like a new roof, new stucco, and a high-end remodeled bathroom with body jets, the main living areas and kitchen are unfinished. The kitchen lacks functional countertops and appliances, and the interior walls require significant drywall finishing and paint before the home is move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1495.
The backyard is a standout feature, boasting a private pool with a waterslide, a jacuzzi, and a large covered patio, offering an exceptional space for recreation and hosting.
Major high-cost improvements have already been completed, including a new roof, new stucco, vinyl fencing, and remodeled bathrooms, providing immediate value and reducing initial capital expenditure.
The property requires additional repairs, cleanup, and interior updating, making it less suitable for buyers seeking a turnkey, move-in-ready residence.
While the home has 'great bones,' the need for further cosmetic and functional work means the buyer will need to allocate significant additional funds and time post-purchase.
**Bring Your Vision to Life in Lake Elsinore!** Tucked away at the end of a quiet cul-de-sac, this single-story 4-bedroom, 2-bath home offers 1,495 square feet of living space, and an incredible backyard. There are already several major improvements that have already been done including a new roof, new stucco, new patio cover, vinyl fencing, remodeled bathrooms, turf and concrete improvements. The home is ready for the personal touches of its next owner. While the property will need some additional repairs, cleanup and updating, the great bones and functional layout provide a wonderful foundation for a buyer or investor looking to make it their own. There is plenty of opportunity here to complete the work and turn this home into something truly special. Step outside and the backyard really shines. Enjoy a private pool complete with a waterslide and jacuzzi, along with a huge, covered patio that provides plenty of space for outdoor dining, entertaining or simply relaxing with family and friends. The added turf and concrete make the outdoor space both functional and enjoyable. Located in Lake Elsinore, you'll be close to the lake, parks, outdoor recreation, shopping, dining and major commuter routes. With its cul-de-sac location, single-story floor plan, great bones and amazing backyard, this home offers so much potential! Whether you're looking for a home to personalize or an investment opportunity, this property gives you the chance to take what is already here, put in some personal touches and make it something amazing. Come see the possibilities for yourself!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,495 | 1,997.676 |
| Lot Size | 10,890 | 7,302.624 |
| Price | $500.0K | $602.7K |
| Price per sq ft | $334 | $299 |
| Built year | 1981 | 2005 |
| HOA | $0 | $146 |
| Days on market | 7 | 65 |
Sep 2, 2026
$500,000
Initial Listing
Nov 21, 2012
$190,000
Public Record
Oct 28, 1994
$79,000
Public Record