
Lake Elsinore, California 92530
This Strong Value Opportunity is a Single Family Residence listed at $495,000—positioned well below the $461,457 Fair Market Value by -7%. While the list price exceeds the current estimation, the property features a Condition Rating of 2, supported by recent kitchen and bathroom remodels, energy-efficient mini-splits, and a dual solar panel system. With significant infrastructure upgrades like a new retaining wall and Trex decking, this home offers immediate utility savings and scenic lake views. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-maintained, efficient hillside retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33155 Adelfa Street Subject | $495,000* List Price | 3 | 2 | 1,000 | $461 | - |
A 17635 Nelson Avenue Sold | $401,700 | 3 | 2 | 886 | $453 | 0.5 mi |
B 17657 Hayes Sold | $488,000 | 3 | 2 | 1,300 | $375 | 0.5 mi |
C 17656 Brightman Sold | $405,000 | 2 | 1 | 858 | $472 | 0.5 mi |
D 17653 Raley Sold | $372,500 | 2 | 1 | 750 | $497 | 0.5 mi |
E 17622 Sutherland Sold | $490,000 | 3 | 3 | 1,268 | $386 | 0.4 mi |
F 33580 Landerville Sold | $500,000 | 3 | 2 | 1,378 | $363 | 0.5 mi |
G 17771 Brightman Sold | $425,000 | 2 | 4 | 1,106 | $384 | 0.7 mi |
H 17616 Sutherland Sold | $535,000 | 2 | 2 | 1,152 | $464 | 0.4 mi |
I 33091 Adelfa Active Under Contract | $465,000 List Price | 2 | 1 | 864 | $538 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1947, the kitchen and both bathrooms were remodeled approximately four years ago, meeting the <5y renovation criteria. The property features modern systems including energy-efficient mini-splits and a dual solar panel system, along with significant maintenance upgrades like new insulation, vapor barriers, and Trex decking.
The property's elevated hillside position offers panoramic views of Lake Elsinore and the Santa Ana Mountains, complemented by high-quality Trex decking and a private porch.
Equipped with a dual solar panel system that offsets utility costs and energy-efficient mini-splits, the home also features recently remodeled kitchen and bathrooms.
Costly upgrades including a structural retaining wall, new attic insulation, a crawl-space vapor barrier, and a certified septic system provide peace of mind and immediate value.
At approximately 1,000 square feet for a three-bedroom home, the living spaces may feel small or constrained for families requiring more room.
Built in 1947, the home may have inherent age-related limitations and relies on a private septic system rather than a city sewer connection.
This lake view 3-bedroom, 2-bath home sits on a generous 50' x 150' lot in an established Lake Elsinore hillside neighborhood with no HOA. From the private front porch and semi-enclosed trellis, enjoy views of Lake Elsinore and the Santa Ana Mountains from a higher elevation, while relaxing in your own outdoor retreat. Built in 1947 and thoughtfully updated over the years, the approximately 1,000 square-foot home combines character with modern improvements. Interior features include kitchen and both bathrooms being remodeled approximately four years ago, a warm and neutral interior paint color as well as newer carpeting in two of the three bedrooms. Two energy-efficient mini-split systems provide heating and cooling throughout the home. Many of the major improvements have already been completed, including new attic insulation, a new crawl-space vapor barrier, a recently cleaned and certified septic system, Trex decking on the front porch and back deck and a retaining wall designed to protect the home from the lot's natural slope. The property is connected to city water, and newly planted privacy hedges continue to mature, enhancing the outdoor spaces. A major bonus is the dual solar panel system, which currently generates more electricity than the home consumes, helping to keep utility costs low. The long driveway provides parking for multiple vehicles and offers space for an RV, boat or trailer. This is an excellent opportunity to purchase a well-maintained home with many costly, labor-intensive upgrades already completed. Bring your finishing touches and enjoy lake views, mountain views, and the chance to add value over time. Conveniently located near some of the best shopping, dining, and recreational opportunities Lake Elsinore has to offer. Hurry!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,000 | 1,973 |
| Lot Size | 6,098 | 6,970 |
| Price | $495.0K | $601.5K |
| Price per sq ft | $495 | $293 |
| Built year | 1947 | 2004 |
| HOA | $0 | $146 |
| Days on market | 26 | 64 |
Jun 26, 2026
$495,000
Initial Listing
Apr 19, 2022
$431,500
Public Record
Feb 7, 2022
$213,000
Public Record
Aug 16, 2021
$173,000
Public Record
Jan 31, 2002
$67,000
Public Record