
Lake Elsinore, California 92530
This Lakeside Value-Add Asset is listed at $449,000, positioned above the $364,060 Fair Market Value to reflect its prime location just one block from the water. The property maintains a Condition Rating of 4, offering a remodeled master suite and prominent Mountain Views, though the compact 900-square-foot layout requires further modernization for maximum ROI. Situated in the Lake Elsinore Unified District, the home provides immediate access to premier boating and fishing. This is a strategic acquisition for Fix-and-Flip Investors or first-time buyers seeking forced appreciation in a high-demand recreational hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33124 Case Subject | $449,000* List Price | 1 | 2 | 900 | $405 | - |
A 33195 Schaper Sold | $373,000 | 2 | 2 | 960 | $389 | 0.3 mi |
B 33189 Schaper Active | $400,000 List Price | 2 | 1 | 968 | $413 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, this home features a mix of updated and dated elements. While the master bathroom has been beautifully remodeled with modern tile and fixtures, the galley kitchen remains dated with older painted cabinetry and appliances. The exterior shows signs of age with cracked concrete and older siding, and the 900-square-foot layout is very compact for a three-bedroom home, suggesting a need for further modernization.
Situated just one block from Lake Elsinore, this home offers exceptional proximity to water recreation, including boating, fishing, and skiing, significantly boosting its lifestyle appeal.
The property features a beautifully remodeled master bathroom and a galley-style kitchen equipped with skylights, providing a contemporary feel and an abundance of natural light.
A generously sized backyard paired with a dedicated storage shed and an attached garage provides ample space for outdoor activities and equipment storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 720.
At only 900 square feet for a three-bedroom layout, the individual rooms and common areas may feel cramped compared to modern residential standards.
The single-car garage offers limited parking and storage, which may be a drawback for households with multiple vehicles or large lake-related recreational gear.
This charming single-story home offers three bedrooms and two full baths. The master bedroom boasts a beautifully remodeled master bath, providing a luxurious retreat. The galley-style kitchen, enhanced by skylights, brings in plenty of natural light. Inside you will find a spacious living room. The single car attached garage and a generously sized backyard-ideal for outdoor living. In addition to the garage you have a nice sized storage shed in the backyard. Just one block from Lake Elsinore, you’ll enjoy easy access to boating, fishing, water skiing, and more!
No exterior & parking available.
Grades K-8 • 1.1 mi
Grades 6-8 • 5.3 mi
Grades 9-12 • 3.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 4.0 | 1% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 900 | 1,924 | 5% |
| Lot Size | 3,920 | 7,405 | 11% |
| Price | $449.0K | $595.0K | 12% |
| Price per sq ft | $499 | $310 | 97% |
| Built year | 1957 | 2004 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 195 | 3% |
Mar 6, 2026
$449,000
Initial Listing
Jun 10, 2014
$138,000
Public Record
Jan 29, 2013
$57,000
Public Record
Apr 27, 2006
$305,000
Public Record