31600 Saddle Ridge Drive Ne, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 2 bath
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Lake Elsinore, California 92532
This Single-Story Residential Property is listed at $624,800, representing a stable entry near its $593,268 Fair Market Value. Despite a Fair Condition Rating, the residence provides a unique lifestyle sanctuary with a Solar Power System offsetting 95% of electric costs and a massive 14,810 sqft lot with wooded hillside views. The interior features a Granite Kitchen and a versatile den, while the exterior boasts a large patio for entertaining. Situated in the Lake Elsinore Unified district, this home is ideal for growing families or Owner-Occupants seeking energy efficiency and expansive outdoor living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31600 Saddle Ridge Drive Ne Subject | $624,800* List Price | 3 | 2 | 2,068 | $287 | - |
A 21001 High Crest Drive Sold | $590,000 | 4 | 3 | 2,009 | $294 | 0.4 mi |
B 1 Corte Rossa Sold | $615,000 | 4 | 3 | 2,065 | $298 | 0.8 mi |
C 31757 Canyon Estates Sold | $580,000 | 3 | 3 | 1,780 | $326 | 0.6 mi |
D 31700 Indian Spring Active | $565,000 List Price | 4 | 2 | 1,780 | $317 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (26 years old), the property falls into the Fair category. While it features some updates like granite countertops, a farmhouse sink, and a solar power system, the overall interior is dated with older painted cabinetry, vertical blinds, and bold paint choices. Given the age, original systems like HVAC and the roof are likely nearing the end of their typical lifespan, and the property requires cosmetic refreshing 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 = 14810, living area = 2068.
The property features a solar power system designed to offset approximately 95% of the electric bill, providing significant long-term cost savings for the homeowner.
Situated on a generous 14,810 sqft lot, the home includes a very large patio and multiple trees, offering ample space for outdoor entertainment and relaxation.
While the home includes a den/office, it lacks a closet, officially classifying the property as a 3-bedroom residence, which may limit appeal for buyers requiring four full bedrooms.
The property has undergone multiple price reductions since its initial listing, suggesting it may be facing challenges in meeting current market valuation expectations.
COME TO SEE THIS PROPERTY AT GREAT AREA OF LAKE ELSINORE, NEARBY TRANSPORTATION ROADS AND MORE A SINGLE STORY, 2068 SQFT, 3 BEDROOMS PLUS DEN/ OFFICE room NO CLOSETH. THE HOME IS LOCATED NEAR SHOPS, RESTAURANTS AND FREEWAY 15. THIS PROPERTY HAS A 14810 SQFT LOT WITH MULTIPLE TREES AND PARTY SPACE. GRANITE COUNTER TOPS AND EXTRA CABINETS AT THE OPEN KITCHEN WITH ACCES TO FAMILY ROOM. A ROOM AT THE ENTRANCE USED AS OFFICE/DEN ADDS TO THE 3 FULL BEDROOMS, THERE IS A TWO SIDED FIREPLACE BEETWEN THE LIVING AREA AND THE FAMILY AREA. IN TH BACK YARD THERE IS A VERY LARGE PATIO FOR RELAXING AND ENTERTAIMENT TIME AND ACCESS TO MASTER BEDROOM AND FAMILY AREA, WITH TWO SLIDDING DOORS TO THE PATIO CAMERAS AND SECURITY SYSTEM IS IN PLACE READY TO BE ACTIVATED THERE IS A SOLAR POWERED SYSTEM DESIGNATED TO SAVE APPROXIMATELY 95% OF THE ELECTRIC BILL. PLEASE SEE REMARKS
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 19% |
| Baths | 2.0 | 3.0 | 15% |
| Square foot | 2,068 | 2,509 | 30% |
| Lot Size | 14,810 | 7,405 | 92% |
| Price | $624.8K | $635.0K | 38% |
| Price per sq ft | $302 | $261 | 76% |
| Built year | 1999 | 2006 | 14% |
| HOA | $0 | $134 | 11% |
| Days on market | 222 | 187 | 68% |
Apr 22, 2026
$624,800
$625,000
+0% Price Increase
Initial Listing
Jan 27, 2026
$625,000
$629,900
-1% Price Drop
Initial Listing
Oct 27, 2025
$629,900
Initial Listing