30400 Morton Avenue, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 4 bath

30400 Morton Avenue, Lake Elsinore, California 92530 home-pic-0
ACTIVE$580,000
30400 Morton Avenue, Lake Elsinore, California 92530
4Beds
4Baths
3,360Sqft
5,663Lot
Year Built
1990
Close
-
List price
$580K
Original List price
$695K
Price/Sqft
$173
HOA
-
Days on market
-
Sold On
-
MLS number
CV25064269
Home ConditionFair
Features
Good View: Lake, Mountain(s)
Deck
ViewLake, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $580.0K(47th), sqft - 3360(99th), beds - 4(53th), baths - 4(94th).

CHARMING HILLTOP RETREAT IN HISTORIC COUNTRY CLUB HEIGHTS WITH BREATH-TAKING VIEWS. Discover a rare opportunity to own a one-of-a-kind property in the sought-after Country Club Heights neighborhood of Lake Elsinore. Nestled on a hill with stunning privacy and panoramic views, this expansive home offers the perfect blend of rural tranquility and urban convenience. Located just minutes from the lake, shopping, restaurants, and major freeways, this property delivers the best of both worlds. Spanning over 3,360 square feet, this versatile home features 3 bedrooms, 3 baths, and a range of flexible spaces to suit any lifestyle. The spacious family room can easily be transformed into a 4th bedroom, while the office offers potential for a 5th bedroom. The open-concept kitchen flows seamlessly into the living and dining areas, with sliding glass doors leading to a balcony that showcases breathtaking views of the city and lake. The second floor boasts generously sized bedrooms, including a luxurious master suite with a soaking tub fit for royalty. An enclosed balcony on this level provides a massive bonus room, perfect for entertaining or relaxation. Additionally, the home includes a separate downstairs basement with its own entrance, featuring a 1-bedroom, 1-bath suite complete with a full kitchen—ideal for multi-generational living or rental income. This sale includes two parcels: APN 375-321-058 (5,663 sqft) and APN 375-321-059 (7,405 sqft), offering endless possibilities. Whether you’re a first-time homebuyer, an investor, or looking for space to build in the future, this property has it all. Live in one unit, rent out the other, and enjoy the potential of a vacant lot for future development. Don’t miss this unique gem in Lake Elsinore! Schedule your viewing today and explore the potential of this exceptional property.

Condition Rating
Fair

The property, built in 1990, is 34 years old and shows signs of its age. While it appears to be maintained with some minor updates like laminate flooring and a stainless steel refrigerator in the main kitchen, the overall style of both kitchens and bathrooms is significantly dated. The main kitchen features older white cabinets and laminate countertops, and the basement kitchen is very basic with older appliances. Bathrooms have dated tile surrounds, vanities, and mirrors. A window AC unit is visible, suggesting potential limitations with the central cooling system. The home is functional but requires substantial aesthetic updates to meet modern standards, aligning with the 'Fair' condition criteria for a property built over 20 years ago with no major renovations since construction.
Pros & Cons

Pros

Panoramic Views & Privacy: Nestled on a hill, the property offers stunning privacy and panoramic views of the city, Lake Elsinore, and surrounding mountains, enhancing its appeal as a serene retreat.
Income Potential / Multi-Generational Living: Features a separate 1-bedroom, 1-bath basement suite with a full kitchen and private entrance, providing excellent potential for rental income or accommodating multi-generational families.
Spacious & Versatile Layout: An expansive 3,360 sqft home with flexible living spaces, including potential for 4th/5th bedrooms and a massive bonus room, catering to diverse lifestyle needs.
Multiple Parcels & Development Potential: The sale includes two parcels totaling over 13,000 sqft, offering significant land for future development, expansion, or long-term investment opportunities.
Strategic Location: Provides a unique blend of rural tranquility and urban convenience, being just minutes away from Lake Elsinore, shopping centers, restaurants, and major freeways.

Cons

Significant Price Reduction: The property has experienced a substantial price reduction from its original list price of $695,000 to $580,000, which may indicate previous overpricing or market resistance.
Age of Property & Potential for Updates: Built in 1990, the property is over three decades old; while described as charming, it may require updates to systems or aesthetics to align with modern buyer preferences, as no recent major renovations are specified.
Niche Market Appeal: The unique configuration with multiple parcels and a separate basement suite, while versatile, might appeal to a more specific buyer demographic (e.g., investors, multi-generational families), potentially narrowing the buyer pool.

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