32015 Bourges, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Value-Add Residential Asset is listed at $649,000, offering a strategic opportunity for buyers to capitalize on a property with significant renovation upside. Currently maintaining a Condition Rating of 4, the home is characterized by its Versatile Floor Plan, featuring two rare ground-floor bedrooms and a Primary Suite with Balcony. Although positioned above the $584,586 Fair Market Value, the functional 2,234 sqft layout and covered patio provide a strong framework for modernization. Situated in the Lake Elsinore Unified School District, this is an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 32015 Bourges Subject | $649,000* List Price | 4 | 3 | 2,234 | $262 | - |
A 15158 Etienne Street Sold | $650,000 | 5 | 3 | 2,305 | $282 | 0.1 mi |
B 15139 Camphor Way Sold | $650,000 | 4 | 3 | 1,901 | $342 | 0.1 mi |
C 15068 Christina Court Sold | $649,000 | 4 | 3 | 2,299 | $282 | 0.3 mi |
D 29193 Sunswept Drive Sold | $575,000 | 4 | 2 | 1,771 | $325 | 0.8 mi |
E 1036 Meadowlake Lane Sold | $615,000 | 4 | 4 | 2,408 | $255 | 0.9 mi |
F 15062 Amorose Street Active Under Contract | $599,950 List Price | 4 | 2 | 2,232 | $269 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this property is in mostly original condition and shows signs of being outdated. While the home features some newer laminate flooring and a functional layout, the kitchen retains original oak cabinetry and fluorescent light boxes, and the bathrooms show visible wear on the vanities and dated 'Hollywood' strip lighting. The presence of wallpaper borders and older tile throughout indicates the property has not undergone a major renovation in over 20 years, meeting the criteria for a fair condition score.
The rare configuration of two bedrooms and a full bathroom on the ground floor provides exceptional flexibility for multigenerational living, guests, or a home office setup.
The upstairs primary suite serves as a true retreat, featuring a private balcony for outdoor relaxation and a spacious walk-in closet for ample storage.
The property features a covered patio and a backyard designed for minimal upkeep, offering a functional outdoor space without the burden of extensive landscaping maintenance.
Unlike many properties in the Lake Elsinore area that capitalize on lake or mountain vistas, this home is noted as having no significant views.
A recent price reduction from the original listing suggests the property may have faced challenges with initial market interest or perceived value relative to its condition.
Welcome to this beautifully designed 4 bedroom, 3 bathroom home in the heart of Lake Elsinore. With a rare and versatile floor plan, you'll find 2 bedrooms and a full bath conveniently located downstairs, perfect for guests, multigenerational living, or a home office setup. The living room features a cozy gas fireplace and flows seamlessly into the main living area, creating a warm and functional space for everyday living and entertaining. Upstairs offers 2 additional bedrooms and 2 full baths, including a spacious primary suite complete with a private balcony. The primary bathroom features a walk-in-closet. Step outside to a covered patio and low-maintenance backyard designed for relaxation without upkeep.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,234 | 1,928 | 64% |
| Lot Size | 8,712 | 7,510 | 66% |
| Price | $649.0K | $595.0K | 70% |
| Price per sq ft | $291 | $309 | 44% |
| Built year | 1996 | 2004 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 195 | 3% |
Mar 29, 2026
$649,000
$658,888
-2% Price Drop
Initial Listing
Mar 3, 2026
$658,888
Initial Listing
Dec 11, 2008
$163,000
Public Record
Aug 28, 1996
$152,500
Public Record