29104 Outrigger Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
ACTIVE$665,000
29104 Outrigger Street, Lake Elsinore, California 92530
4Beds
3Baths
2,285Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($386,303.22) is $278,696.78 (41%) lower than the list price ($665,000). This property may be overpriced.
Key pros and cons
Top Pros:
Modernized Kitchen: The property features an open-concept kitchen with a dining area, sleek backsplash, ample counter space, and a modern kitchen island, indicating a recent and desirable upgrade.
Top Cons:
Significant Price Discrepancy: The listing price of $665,000 is substantially higher than the provided property estimation of $386,303.22, suggesting a potential overvaluation that may require strong justification or a price adjustment.
Compared to the nearby listings
Price:$665.0K vs avg $586.2K (+$78,811)80%
Size:2,285 sqft vs avg 1,893 sqft69%
Price/sqft:$291 vs avg $31937%
More Insights
Built in 1992 (33 years old).
Condition: The property, built in 1992, features a recently updated, modern kitchen with sleek backsplash, quartz countertops, a large island, and stainless steel appliances, which is a significant strength. However, the bathrooms appear largely original or minimally updated, showing dated cabinets, countertops, and fixtures. The main living areas have neutral tile flooring that, while clean, is not contemporary. Major systems like the water heater and furnace also appear older. While well-maintained, the property requires minor updates to the bathrooms and potentially major system replacements to meet current quality standards throughout, aligning with a 'Fair' condition.
Year Built
1992
Close
-
List price
$665K
Original List price
$665K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
IG25014964
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Welcome to Desire community, a 4-bedroom, 3-bathroom property, with 2,285 sq/ft of living space. Step inside and be a greeter in the light-filled living room, featuring large windows and an inviting fireplace perfect for a cozy evening in. The open-concept kitchen with a dining area is a chef's dream, with sleek backsplash, ample counter space and a modern kitchen Island finished throughout. The master suite is a peaceful retreat, with a bathroom and plenty of closet space. The additional bedrooms are generously sized, perfect for gues of a family member, Outside, enjoyed the beautiful lascaped backyard complete with a Patio Cover perfect for entertaining. This stunning home is in a desirable neighborhood, with close schools, with easy access to shopping, dining, and entertainment. Don't, miss this opportunity to make this house your own house!
Condition Rating
Fair
The property, built in 1992, features a recently updated, modern kitchen with sleek backsplash, quartz countertops, a large island, and stainless steel appliances, which is a significant strength. However, the bathrooms appear largely original or minimally updated, showing dated cabinets, countertops, and fixtures. The main living areas have neutral tile flooring that, while clean, is not contemporary. Major systems like the water heater and furnace also appear older. While well-maintained, the property requires minor updates to the bathrooms and potentially major system replacements to meet current quality standards throughout, aligning with a 'Fair' condition.
Pros & Cons
Pros
Modernized Kitchen: The property features an open-concept kitchen with a dining area, sleek backsplash, ample counter space, and a modern kitchen island, indicating a recent and desirable upgrade.
Spacious Living Area: With 4 bedrooms, 3 bathrooms, and 2,285 sq/ft of living space, including generously sized additional bedrooms, the home offers ample room for families.
Desirable Location & Accessibility: Located in a 'Desire community' and a 'desirable neighborhood' with close proximity to schools, shopping, dining, and entertainment, enhancing its appeal to potential buyers.
Enhanced Outdoor Living: The property boasts a beautifully landscaped backyard complete with a patio cover, providing an ideal space for outdoor entertaining and relaxation.
Mountain Views: The property offers desirable mountain views, adding aesthetic value and a pleasant backdrop to the living environment.
Cons
Significant Price Discrepancy: The listing price of $665,000 is substantially higher than the provided property estimation of $386,303.22, suggesting a potential overvaluation that may require strong justification or a price adjustment.
Absence of Key Modern Amenities: The property description does not mention central air conditioning, a pool/spa, or solar panels, which are common and desirable features in the area and present in several comparable listings, potentially impacting competitiveness.
Potential for Age-Related System Updates: Built in 1992, the property is over 30 years old. While the kitchen is updated, the lack of information regarding recent major system replacements (e.g., roof, HVAC, water heater) could imply impending maintenance or upgrade costs for a buyer.