3274 Spruce Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
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Lake Elsinore, California 92530
This Single Family Residence is a High-Potential Investment Opportunity, listed at $680,000—positioned above the $591,338 Fair Market Value. While the property carries a Fair Condition Rating due to dated interiors, it offers significant value through its 22 Solar Panels, Private Pool, and Boat Parking. The home features a Quiet Cool air system and new A/C ducting, ensuring long-term utility efficiency. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage cosmetic updates to build long-term equity in a mountain-view setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3274 Spruce Street Subject | $680,000* List Price | 3 | 3 | 1,953 | $303 | - |
A 3273 Fig Court Sold | $660,000 | 4 | 3 | 2,090 | $316 | 0.1 mi |
B 29193 Sunswept Drive Sold | $575,000 | 4 | 2 | 1,771 | $325 | 0.7 mi |
C 3884 Ash Street Sold | $545,000 | 3 | 2 | 1,941 | $281 | 0.5 mi |
D 3547 Cherry Blossom Lane Sold | $550,000 | 3 | 2 | 1,370 | $401 | 0.4 mi |
E 186 S Massachusetts Active | $654,700 List Price | 4 | 3 | 1,928 | $340 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2002 (22 years old), placing it in the >20y category. While the home features excellent system upgrades including new A/C ducting, solar panels, and a water filtration system, the kitchen and interior aesthetics remain dated with original oak cabinetry and early-2000s slate accents. It is well-maintained and move-in ready but fits the 'Fair' criteria due to age and the need for cosmetic modernization.
The property features a unique pool, elevated fire pit with mountain views, and a covered steel aluminum patio, creating a premium environment for relaxation and social gatherings.
Equipped with 22 solar panels, a Quiet Cool air system, new A/C ducting, and a Life Source water filtration system, the home offers significant utility savings and improved air/water quality.
The floor plan includes a spacious upstairs flex area for games or play, complemented by rare additional side parking specifically designed for a boat or extra vehicles.
With 124 days on the market, the property may face challenges regarding buyer perception or pricing strategy compared to faster-moving local inventory.
The 6,098 sqft lot is densely packed with the pool, fire pit, and boat parking, which may limit traditional green space or lawn area for some buyers.
BEAUTIFUL **POOL HOME** Step into this stunning three-bedroom, two-story home where comfort and style come together effortlessly. Filled with natural light, the spacious layout offers inviting living areas perfect for both everyday living and entertaining. Upstairs bedrooms provides tons of space for family or overnight guests, while the designed floor plan creates an amazing flow throughout this home. Upstairs you will find plenty of space for a game area or for the kids to play in. Outside, escape to your own private oasis featuring a very unique and beautiful pool, ideal for relaxing afternoons, weekend gatherings, or warm summer evenings. This home is equipped with a life source water filtration system, quite cool air system and a new A/C Ducting. There are 22 solar panels to efficiently cover for the cost of your monthly electric bill. Beautiful fire pit above and overlooking the pool. The rear patio is covered in steel aluminum and next to that you will find an amazing extra space for a boat or additional parking. This home also comes with a Hot water recirculating system and front to back low voltage lighting, on top of that orange, plum, lemon, and peach trees for fresh fruit. This home blends charm, functionality, and outdoor luxury, making it a truly special place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,953 | 1,929 | 52% |
| Lot Size | 6,098 | 7,319 | 39% |
| Price | $680.0K | $595.0K | 84% |
| Price per sq ft | $348 | $306 | 72% |
| Built year | 2002 | 2003 | 50% |
| HOA | $81.0 | $0 | 58% |
| Days on market | 128 | 169 | 35% |
Jan 29, 2026
$680,000
Initial Listing
Sep 12, 2013
$305,000
Public Record
Dec 12, 2002
$212,500
Public Record