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 Energy-Efficient Residence is listed at $625,000, offering a functional layout in a high-demand area. While the $589,871 Fair Market Value reflects recent area comparables, the list price is supported by a premium Solar Power System yielding 95% energy savings and an expansive 14,810 SQFT Lot. Holding a Condition Rating of 4, the home features a Granite Kitchen and a dual-sided fireplace, though bathrooms offer room for modernization. Situated in the Lake Elsinore Unified district, this property is a strategic choice for Owner-Occupants or first-time buyers prioritizing utility efficiency and significant outdoor space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31600 Saddle Ridge Drive Ne Subject | $625,000* List Price | 3 | 2 | 2,068 | $280 | - |
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, this property is 25 years old. While the kitchen has received some updates like granite countertops, a farmhouse sink, subway tile backsplash, and painted cabinets, the execution of the cabinet paint appears DIY, and the overall style is not fully modern. The bathrooms feature older tile and vanity styles, indicating they have not been extensively renovated recently. Flooring is a mix of newer-looking laminate and older carpet/tile. Major systems are 25 years old, nearing the end of their typical lifespan. The home is functional and maintained, but shows signs of being outdated and would benefit from minor updates, especially in the bathrooms, to meet current aesthetic standards. The solar power system is a significant positive for energy efficiency but does not elevate the overall interior condition beyond 'fair'.
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-powered system designed to save approximately 95% of the electric bill, offering significant long-term cost savings and environmental benefits.
This single-story home offers 2068 sqft with 3 bedrooms plus a dedicated den/office, providing desirable single-level living and versatile space for various needs.
While the kitchen has updated features, the description does not specify updates to other key interior areas such as bathrooms or flooring, which may be original to the 1999 build and could require modernization.
Built in 1999, the property's major systems (e.g., HVAC, water heater, roof) are 25 years old and may be nearing the end of their typical lifespan, potentially leading to future replacement costs for a buyer.
The property has recently undergone a price reduction from $629,900 to $625,000, which could suggest that the initial pricing was ambitious or that market interest has been slower than anticipated.
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. THE HOME IS LOCATED NEAR SHOPS, RESTAURANTS AND FREEWAY 15. THIS PROPERTY HAS A 14810 SQFT WITH MULTIPLE TREES AND PARTY SPACE. GRANITE COUNTER TOPS AND EXTRA CABINETS AT THE OPEN KITCHEN WITH ACCES TO FAMILY ROOM. A DEN AT THE FROM ADDS TO THE 3 FULL BEDROOMS, THERE IS A TWO SIDED FIREPLACE BEETWEN THE LIVING AREA AND THE FAMILY AREA. INB TH BACK YARD THERE IS A VERY LARGE PATIO FOR RELAXING AND NTERTAIMENT TIME AND ACCESS TO MASTER BEDROOM AND FAMILY AREA. 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 | 23% |
| Baths | 2.0 | 3.0 | 16% |
| Square foot | 2,068 | 2,532 | 31% |
| Lot Size | 14,810 | 7,405 | 89% |
| Price | $625.0K | $630.0K | 48% |
| Price per sq ft | $302 | $258 | 80% |
| Built year | 1999 | 2007 | 13% |
| HOA | $0 | $134 | 13% |
| Days on market | 177 | 196 | 38% |
Jan 27, 2026
$625,000
$629,900
-1% Price Drop
Initial Listing
Oct 27, 2025
$629,900
Initial Listing