281 Jessica, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
281 Jessica
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 281 Jessica, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $569,900 aligned with the estimated $575,320 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 281 Jessica Subject | $569,900* List Price | 3 | 2 | 1,442 | $399 | - |
A 3526 Lake Crest Sold | $535,000 | 3 | 2 | 1,344 | $398 | 1.0 mi |
B 248 White Oak Road Sold | $530,000 | 3 | 2 | 1,387 | $382 | 0.1 mi |
C 3533 Lake Crest Ne Sold | $489,000 | 3 | 2 | 1,344 | $364 | 1.0 mi |
D 3710 Concord Circle Sold | $580,000 | 4 | 2 | 1,588 | $365 | 0.5 mi |
E 15161 Etienne Street Sold | $572,000 | 3 | 2 | 1,428 | $401 | 0.6 mi |
F 245 Broadway Street Sold | $545,000 | 4 | 2 | 1,560 | $349 | 0.1 mi |
G 3547 Cherry Blossom Lane Active | $550,000 List Price | 3 | 2 | 1,370 | $401 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1986, has undergone significant updates including newer windows, upgraded wood flooring, newer carpet, a newer HVAC system, and an updated master bathroom with a modern tiled shower. While the kitchen features older style oak cabinets, tile countertops, and fluorescent lighting, it is clean and functional. The overall condition is well-maintained and move-in ready, aligning with the 'Good' criteria for extensive renovations within the last 5-15 years and functional systems, despite some components showing signs of being outdated in style.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in one of Lake Elsinore's most sought-after neighborhoods, offering convenient proximity to the lake, foothills for hiking, shopping, schools, and freeways.
- Extensive Modern Upgrades
The home boasts significant recent upgrades including newer appliances, windows, upgraded wood flooring, newer carpet, and renovated kitchen and bathrooms, presenting a truly turnkey property.
- Energy-Efficient HVAC System
Equipped with a newer, super-efficient 5-ton HVAC system, ensuring optimal comfort and cost-effective heating and cooling throughout the year.
CONSRISKS & DEFICIENCIES
- Age of Original Construction
Despite extensive updates, the home's 1986 build year means some original structural components or underlying systems may be older, potentially requiring future maintenance not covered by recent renovations.
- Modest Interior Square Footage
At 1442 sqft, the interior living space is functional but may be considered modest for buyers seeking more expansive rooms or a larger overall footprint for a 3-bedroom home.
- Absence of High-End Luxury Features
While numerous upgrades have been made, the description does not highlight high-end luxury finishes or integrated smart home technology, which some discerning buyers might anticipate in a 'sought-after' area.
About 281 Jessica
Beautiful 3-bedroom, 2 bath home situated in one of the most sought-after neighborhoods in ALL of Lake Elsinore. This home is a real charmer. Simply wonderful inside & out. Interior features 3 large bedrooms and 2 bathrooms. Great open floor plan. Large living room with fireplace, family room and kitchen that are all connected. Excellent for entertaining and for family living. The family room folds directly out to a covered patio out the rear of home. Super great for entertaining. Other interior notables: newer appliances, newer windows, upgraded wood flooring, newer carpet in dining area and bedrooms, upgraded kitchen & bathrooms. Newer HVAC system with 5-ton condensing unit. This home is SUPER efficient with heating & cooling. Backyard is spacious & private, WITH A SPA/HOT-TUB, and BEAUTIFULLY landscaped. Plenty of room on each side of the yard to use as you like, gardening, RV storage, etc. ***GREAT backyard to add an ADU (Accessory Dwelling Unit)***. The condition of this home is excellent. This home has been WELL taken care of. A real turnkey home with all of the main features having been upgraded. Clearly shows pride of ownership. Come add your own touches to it and make it your own. **Close to LAKE**, foothills (for hiking), Shopping, Schools, Churches, Freeways. Once you put your feet on this property, you will want to become its new owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,442 | 1,857 | 28% |
| Lot Size | 6,970 | 7,841 | 40% |
| Price | $569.9K | $590.0K | 39% |
| Price per sq ft | $395 | $319 | 86% |
| Built year | 1986 | 2004 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 193 | 2% |
Pricing History
Listed for Sale
Feb 2, 2026
$569,900
Initial Listing
Sold
Mar 31, 2000
$190,500
Public Record