
Lake Elsinore, California 92530
This Value-Add Residential Asset is listed at $650,000, positioned accurately alongside its $640,861 Fair Market Value. Currently holding a Fair Condition Rating, the 2,037 sqft interior features original 1998 finishes that present a clear opportunity for forced appreciation through strategic cosmetic renovations. The property sits on an expansive 11,326 sqft lot boasting panoramic mountain and lake views, a 3-car garage, and a versatile main-floor bedroom. Located within the Lake Elsinore Unified School District with no HOA, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a high-upside customization project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30100 Sugarpine Street Subject | $650,000* List Price | 4 | 3 | 2,037 | $315 | - |
A 15062 Amorose Street Sold | $615,000 | 4 | 2 | 2,232 | $276 | 0.2 mi |
B 15055 Danielle Way Sold | $529,000 | 3 | 2 | 1,965 | $269 | 0.3 mi |
C 29193 Sunswept Drive Sold | $575,000 | 4 | 2 | 1,771 | $325 | 0.8 mi |
D 15139 Camphor Way Sold | $650,000 | 4 | 3 | 1,901 | $342 | 0.4 mi |
E 801 Broadway Sold | $615,000 | 3 | 3 | 1,753 | $351 | 0.8 mi |
F 32015 Bourges Active | $649,000 List Price | 4 | 3 | 2,234 | $291 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, the property is over 20 years old and features mostly original finishes, including dated oak cabinetry, white appliances, and fluorescent kitchen lighting. The interior shows visible wear with stained or worn carpeting and marks on walls. The listing description explicitly notes the home is 'filled with potential' and 'ready to be transformed,' aligning with the Fair criteria for a dated home needing cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 2037.
The 2,037 sqft floorplan includes a highly desirable main-floor bedroom and full bathroom, soaring vaulted ceilings, and a three-car garage, making it ideal for multi-generational living or guests.
Situated on a generous 11,326 sqft lot with no HOA, the property offers stunning panoramic mountain and lake views, providing a rare sense of privacy and freedom for the area.
Described as being 'filled with potential' and 'ready to be transformed,' the 1998 interior likely requires modernizing and cosmetic renovations to meet contemporary aesthetic standards.
The backyard is currently a 'blank canvas' with a basic concrete patio, meaning buyers will need to budget for significant landscaping and design to create a functional outdoor living area.
Welcome to this spacious home filled with potential, soaring vaulted ceilings, and an exceptional layout ready to be transformed into your dream residence. Located in a beautiful neighborhood with no HOA, this property offers generous living spaces, panoramic mountain views, and a prime location near local schools, Lake Elsinore, shopping, and dining. Go inside to formal living and dining rooms just off the entry, creating an elegant first impression. The main level also features a convenient bedroom and bathroom, a laundry room, and direct access to the attached 3-car garage. The open-concept family room and kitchen provide a wonderful everyday gathering space. The family room is centered around a cozy fireplace, while the kitchen offers granite countertops and a sunny breakfast nook. A sliding glass door opens to the expansive backyard, where a huge concrete patio and sweeping mountain views provide the perfect blank canvas to design your ideal outdoor retreat. Upstairs, you’ll find three bedrooms and two bathrooms, including a spacious primary suite with double-door entry, vaulted ceilings, a walk-in closet with custom built-ins, and an en-suite bathroom featuring dual sinks, a soaking tub, and separate shower. The secondary bedrooms are generously sized and connected by a Jack-and-Jill bathroom. With its desirable floorplan, incredible backyard potential, and sought-after location, this home is an outstanding opportunity to create something truly special.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,037 | 1,928 | 57% |
| Lot Size | 11,326 | 7,022 | 87% |
| Price | $650.0K | $595.0K | 74% |
| Price per sq ft | $319 | $307 | 58% |
| Built year | 1998 | 2002 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 159 | 4% |
May 5, 2026
$650,000
Initial Listing
Sep 28, 2017
$375,000
Public Record
May 11, 2016
$347,500
Public Record
May 12, 2011
$209,000
Public Record
Jun 12, 1998
$146,000
Public Record