221 Matich Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
221 Matich Street
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 221 Matich Street, Lake Elsinore, California 92530 reveals a property with a current list price of $489,900, which is 10% above the estimated $443,444 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1963, the property has been completely remodeled recently, featuring a brand-new roof, updated kitchen with modern cabinetry and appliances, a fully renovated bathroom, and new flooring throughout. It is in turn-key condition with no deferred maintenance, meeting the criteria for extensive renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Turn-Key Condition
The property has been completely remodeled and includes a brand-new roof, providing a move-in-ready experience that minimizes immediate capital expenditures for the buyer.
- Prime Lake Proximity
Situated just two blocks from the lake with views of the water and hills, the location offers exceptional lifestyle appeal and strong potential for long-term value retention.
- Ample Parking and Accessibility
The home features a one-car garage plus significant additional parking space in both the front and back, further enhanced by a convenient rear access alley.
CONSRISKS & DEFICIENCIES
- Limited Bed and Bath Count
With only two bedrooms and a single bathroom, the property may have a narrower buyer pool, specifically excluding larger families or those needing a dedicated home office.
- Compact Living Space
At 1,008 square feet, the interior living area is relatively small, which could be a drawback for buyers seeking more spacious common areas or larger room dimensions.
About 221 Matich Street
Amazing!!! beautifully Home!!! COMPLETELY REMODELED!!! offering comfort and functionality. 2 bedrooms, 1 bath. Laundry inside. New roof. One-car garage and lots of space in the front and back for more cars with a rear access alley. Two blocks from the Lake. Close to schools, church, shops, Markets and restaurants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 8% |
| Baths | 1.0 | 3.0 | 5% |
| Square foot | 1,008 | 1,857 | 4% |
| Lot Size | 6,098 | 7,841 | 30% |
| Price | $489.9K | $590.0K | 15% |
| Price per sq ft | $486 | $319 | 97% |
| Built year | 1963 | 2004 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 193 | 193 | 50% |
Pricing History
Listed for Sale
Oct 15, 2025
$489,900
$499,999
-2% Price Drop
Initial Listing
Price Change
Aug 26, 2025
$499,999
Initial Listing