24852 Picnic Lane, Wildomar, California 92595, Wildomar, 92595 - 5 bed, 4 bath
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Wildomar, California 92595
This Value-Add Residential Asset is listed at $650,000, offering a stable acquisition price closely aligned with its $643,801 Fair Market Value. Featuring a Fair Condition Rating, the home requires targeted investments in flooring, paint, and repairs to the deck and patio to reach its peak valuation. Boasting a massive 3,205 sq. ft. floor plan—the largest in the tract—and a substantial 10,454 sq. ft. lot, the property offers significant ROI potential through strategic renovation. Situated in the Lake Elsinore Unified District, this "as-is" sale is an ideal project for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24852 Picnic Lane Subject | $650,000* List Price | 5 | 4 | 3,205 | $201 | - |
A 36060 Lipizzan Lane Sold | $675,000 | 4 | 3 | 2,967 | $228 | 0.5 mi |
B 25030 Crimson Lasso Sold | $689,000 | 4 | 3 | 3,222 | $214 | 0.4 mi |
C 35419 El Diamante Drive Sold | $620,880 | 4 | 2 | 2,414 | $257 | 0.9 mi |
D 36029 Mustang Spirit Ln Sold | $670,000 | 5 | 3 | 3,218 | $208 | 0.5 mi |
E 24257 Topacio Court Sold | $745,000 | 6 | 4 | 3,459 | $215 | 0.7 mi |
F 36326 Mustang Spirit Lane Sold | $665,000 | 4 | 3 | 2,621 | $254 | 0.7 mi |
G 35811 Verde Vista Active Under Contract | $695,800 List Price | 5 | 3 | 2,876 | $242 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, this property is aged and shows significant signs of being outdated with original features such as tile countertops, oak cabinetry, and worn carpeting. The listing explicitly states the home needs new flooring, paint, and repairs to the deck, and is being sold 'as-is,' which aligns with the 'fair' criteria of requiring minor to moderate updates while remaining structurally functional.
Boasting approximately 3,205 sq. ft., this is one of the largest models in the tract, featuring a spacious 5-bedroom, 4-bath floor plan plus a large loft and bonus room.
The property sits on a substantial lot of over 10,000 sq. ft., providing significant outdoor space for potential landscaping, a pool, or private entertaining areas.
The home includes highly desirable features such as a 3-car attached garage, indoor laundry room, and dual air conditioning units for efficient climate control.
The property requires immediate investment for repairs and updates, specifically needing new flooring, interior paint, and structural repairs to the deck.
Being sold in as-is condition, the home may pose challenges for traditional financing, making it most suitable for cash buyers or experienced investors.
Good Price and a Good Home for someone who doesn't mind a little work. Investors, Cash Buyers, or perhaps someone looking for their next home and has the will and the way to upgrade this property to their liking. Overall in good condition but will need flooring, paint, repairs to the deck and a few other items. With approximately 3,205 sq ft of living space, this home is one of the largest model in the tract. The lot size is over 10,000 sq.ft. Very spacious floor plan which includes 5 Bedrooms and 4 Full Baths. The downstairs has a dining area, living room + family room and a bonus room that could be an office or easily converted to a bedroom. The upstairs has a large main bedroom and bath and also a large loft. 3 Car attached garage. Indoor Laundry. Two Air Conditioning Units. Home to be sold as-is. Come and take a look before its gone.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 68% |
| Baths | 4.0 | 3.0 | 86% |
| Square foot | 3,205 | 2,488 | 85% |
| Lot Size | 10,454 | 8,276 | 68% |
| Price | $650.0K | $689.0K | 33% |
| Price per sq ft | $203 | $286 | 3% |
| Built year | 2001 | 2002 | 50% |
| HOA | $52.0 | $27 | 55% |
| Days on market | 29 | 183 | 2% |
Mar 24, 2026
$650,000
Initial Listing
Jan 25, 2002
$252,500
Public Record