
Lake Elsinore, California 92530
This Single-Story Value-Add Residence is a Strong Value Opportunity, listed at $520,000—positioned well below the $550,260 Fair Market Value by 5%. This valuation gap provides $30,260 in Instant Equity for incoming buyers. Maintaining a Good Condition Rating, the home features new carpet, artificial turf, and a covered patio with peek-a-boo lake views. With no HOA fees and a functional layout, it offers long-term affordability in the Lake Elsinore Unified district. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33089 Garner Subject | $520,000* List Price | 3 | 2 | 1,628 | $332 | - |
A 33140 Hill Sold | $560,000 | 3 | 2 | 1,835 | $305 | 0.3 mi |
B 15149 Lighthouse Lane Sold | $569,000 | 4 | 2 | 1,625 | $350 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and benefits from recent minor updates, specifically brand-new carpet throughout. Built in 2003, it falls just at the 20-year mark, but the inclusion of artificial turf, a well-maintained single-story layout, and functional kitchen/bathroom systems without deferred maintenance aligns it with the 'Good' category. While finishes appear to be original builder-grade, the home is clean and requires no immediate renovation.
The absence of HOA fees offers significant monthly savings and greater homeowner freedom, while the artificial turf and drought-tolerant landscaping ensure high curb appeal with minimal upkeep.
The home features brand-new carpet throughout and a functional single-story layout, providing a fresh and accessible living space that is ready for immediate occupancy.
A covered patio, mature fruit trees, and peek-a-boo views of the lake and hills create an inviting outdoor environment perfect for entertaining and enjoying the local scenery.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
While well-maintained, the kitchen and bathrooms likely retain original builder-grade materials from 2003, which may feel dated to buyers looking for modern luxury upgrades.
The lake and hill views are characterized as 'peek-a-boo,' meaning they are not fully panoramic and may be partially blocked by surrounding homes or vegetation.
Nice 3-bedroom, 2-bathroom single-story home in a quiet neighborhood with no HOA. The home features a 2-car attached garage with plenty of extra parking. Inside you’ll find a comfortable living room with a fireplace that opens to the kitchen. The kitchen has plenty of cabinet and counter space, a pantry, and an island that looks out to the family room, making it a great space to relax and enjoy cozy nights by the fireplace. There is also a separate laundry room. The living area has room for a dining table, and the bedrooms have ceiling fans. The home also features new carpet throughout. The primary bedroom is spacious with a walk-in closet and an attached bathroom with dual sinks, a tub, and a separate shower. The front and backyard are nicely landscaped with fruit trees and space for gardening. A covered patio provides a great spot for summer BBQs and outdoor gatherings. The front yard has artificial turf, keeping maintenance simple. Located just a short drive from Lake Elsinore, where you can enjoy boating, fishing, and water sports on Southern California’s largest natural lake, offering plenty of outdoor recreation for your active lifestyle. A comfortable home with good space both inside and out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,628 | 1,924 | 33% |
| Lot Size | 6,098 | 7,405 | 33% |
| Price | $520.0K | $595.0K | 23% |
| Price per sq ft | $319 | $310 | 57% |
| Built year | 2003 | 2004 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 195 | 3% |
Mar 9, 2026
$520,000
Initial Listing
Dec 17, 2003
$259,000
Public Record