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31768 Via Verde, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

31768 Via Verde, Lake Elsinore, California 92530 home-pic-0
ACTIVE$529,900
31768 Via Verde, Lake Elsinore, California 92530
3Beds
2Baths
1,560Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($519,213.23) is $10,686.77 (2%) lower than the list price ($529,900). This property may be overpriced.

Key pros and cons

Top Pros:
Financial Advantages: The property offers significant financial benefits with no HOA fees and a low tax rate, making it an attractive option for cost-conscious buyers, especially first-time homeowners.
Top Cons:
Price History & Seller Motivation: The recent price reduction and explicit mention of 'seller is motivated' could suggest the property was initially overpriced or that the seller is eager to close quickly, potentially inviting lower offers from buyers.

Compared to the nearby listings

Price:$529.9K vs avg $585.9K ($-55,958)20%
Size:1,560 sqft vs avg 1,884 sqft31%
Price/sqft:$340 vs avg $32160%

More Insights

Built in 2003 (22 years old).
Condition: Built in 2003, this property is move-in ready with significant recent updates. The kitchen features new cabinets and counters, and the entire home boasts new vinyl pergo flooring. While the bathrooms are functional and clean, they retain older style vanity countertops and dated light fixtures, indicating a partial rather than a full, comprehensive renovation. The overall condition is well-maintained, requiring no immediate major renovations.
Year Built
2003
Close
-
List price
$530K
Original List price
$550K
Price/Sqft
$340
HOA
-
Days on market
-
Sold On
-
MLS number
SW25098422
Home ConditionGood
Features
Spa
Patio
ViewHills

About this home

HUGE REDUCTION! THE SELLER IS MOTIVATED! Great for that first time homebuyer as it has no HOA & and a LOW TAX RATE. This SINGLE STORY home is located in North Lake Elsinore and is ready to move into. Recently updated with 3 Bedrooms, Two Baths, Living Room, Dining Room, Inside Laundry, Two Car garage, Back Yard for Entertaining, Patio Cover and mature landscaping which includes 6 different fruit bearing trees and vines. 2 apple, 1 orange, 1 plum, 1 apricot, 1 peach. The beautiful vinyl pergo flooring throughout this one-story home makes for easy maintenance and cleaning. Vaulted ceilings throughout create a spacious feeling as you enter the home. The master bedroom has a large wardrobe closet, and slider door leading to the gorgeous back yard and patio. The kitchen was recently upgraded and includes new counters, and cabinets. Home maintains a water softener, and free standing stove. This home is located close to relaxing family parks, a skate park, schools, shopping, dining, extreme sports motor park, sky diving, a boat launch, fishing, boating, and convenient 15 frwy or hwy 74 access for commuters. THIS HOME IS ON A PERMANENT FOUNDATION AND IT WILL QUALIFY FOR FHA,VA AS WELL AS CONVENTIONAL FINANCING.

Condition Rating
Good
Built in 2003, this property is move-in ready with significant recent updates. The kitchen features new cabinets and counters, and the entire home boasts new vinyl pergo flooring. While the bathrooms are functional and clean, they retain older style vanity countertops and dated light fixtures, indicating a partial rather than a full, comprehensive renovation. The overall condition is well-maintained, requiring no immediate major renovations.
Pros & Cons

Pros

Financial Advantages: The property offers significant financial benefits with no HOA fees and a low tax rate, making it an attractive option for cost-conscious buyers, especially first-time homeowners.
Recent Interior Upgrades: The home features a recently updated kitchen with new counters and cabinets, along with beautiful vinyl pergo flooring throughout, providing a modern and easy-to-maintain interior.
Desirable Outdoor Living & Landscaping: The backyard is well-suited for entertaining with a patio cover and mature landscaping, including a unique collection of six different fruit-bearing trees, adding charm and value.
Single-Story Layout & Spacious Feel: The single-story design offers broad appeal for accessibility and convenience, complemented by vaulted ceilings that create a spacious and airy atmosphere throughout the home.
Excellent Location & Accessibility: Strategically located in North Lake Elsinore, the property provides convenient access to family parks, schools, shopping, dining, various recreational activities, and major freeways (I-15, Hwy 74) for commuters.

Cons

Price History & Seller Motivation: The recent price reduction and explicit mention of 'seller is motivated' could suggest the property was initially overpriced or that the seller is eager to close quickly, potentially inviting lower offers from buyers.
Absence of Central Air Conditioning Mention: For a home built in 2003 in the warm climate of Lake Elsinore, the description's lack of any mention of a central air conditioning system is a notable omission and could be a significant concern for potential buyers.
Age of Property & Partial Updates: While specific areas like the kitchen and flooring have been recently updated, the home was built in 2003. Buyers seeking a fully modernized or brand-new construction might find the updates to be partial, potentially requiring further investment in other areas of the home.

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