31771 Indian Spring, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $675,000—positioned well below the $690,071 Fair Market Value by 2%. This valuation gap provides $15,071 in Instant Equity. Featuring a Fair Condition Rating, the home offers a versatile floor plan with a pool, spa, and RV parking. While the elementary school rating is modest, the property’s size and mountain views provide significant upside for Buy-and-Hold Investors or Owner-Occupants seeking a customizable asset with long-term potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31771 Indian Spring Subject | $675,000* List Price | 5 | 3 | 2,671 | $258 | - |
A 12 Via De La Valle Sold | $685,000 | 5 | 3 | 3,194 | $214 | 0.9 mi |
B 31509 Canyon View Drive Sold | $596,000 | 5 | 4 | 2,880 | $207 | 0.9 mi |
C 25 Corte Lateuza Sold | $629,000 | 4 | 3 | 2,065 | $305 | 0.8 mi |
D 31611 Saddle Ridge Sold | $550,000 | 3 | 2 | 2,068 | $266 | 0.5 mi |
E 21001 High Crest Drive Sold | $590,000 | 4 | 3 | 2,009 | $294 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, this 26-year-old home falls into the 'Fair' category as it is over 20 years old with largely original finishes. While the description notes it is 'beautifully maintained' and some appliances have been updated to stainless steel, the kitchen cabinetry, countertops, and overall interior aesthetic are dated and require modernization.
The property features a private sparkling pool and expansive side yard with dedicated RV parking, offering significant value for buyers with recreational vehicles or a desire for outdoor hosting.
With five bedrooms, a downstairs bedroom and full bath, and a large bonus room, the layout provides excellent flexibility for multi-generational living or a spacious home office setup.
The home is positioned to capture beautiful mountain and neighborhood views, complemented by vaulted ceilings and an open-concept design that enhances the sense of space and natural light.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The designated elementary school carries a lower rating of 3/10, which could impact the property's appeal to families with young children and affect long-term appreciation.
Constructed in 2000, the home is approaching a 25-year milestone where major systems like the roof, HVAC, or pool equipment may soon require maintenance or modernization.
Beautifully maintained 5-bedroom, 3-bathroom pool home offering space, comfort, and stunning mountain views. This open-concept floor plan features vaulted ceilings, formal living and dining rooms, an oversized family room with a cozy fireplace, and a spacious eat-in kitchen that flows into the main living area. A downstairs bedroom and full bath provide flexibility for guests or a home office. The expansive primary suite includes a large bathroom and oversized walk-in closet, while the bonus room offers additional living space and can easily be converted into a sixth bedroom. Step outside to a sparkling pool with jacuzzi and large backyard designed for entertaining family and friends. Additional highlights include RV parking, a large side yard with room for recreational vehicles and toys, and a prime location close to shopping, parks, schools, restaurants, and convenient freeway access.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 4.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,671 | 1,973 |
| Lot Size | 8,276 | 6,970 |
| Price | $675.0K | $601.5K |
| Price per sq ft | $253 | $293 |
| Built year | 2000 | 2004 |
| HOA | $0 | $146 |
| Days on market | 23 | 64 |
Jun 29, 2026
$675,000
Initial Listing
Dec 6, 2002
$290,000
Public Record
Dec 29, 2000
$211,500
Public Record