33191 Dowman Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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Lake Elsinore, California 92530
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $549,900—positioned well below the $576,436 Fair Market Value by 4%. This valuation gap offers $26,536 in Instant Equity. With a Condition Rating of 3, the home features modern granite countertops and wood flooring, complemented by a detached casita and entertainer’s backyard with a pool. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, move-in-ready asset with significant lifestyle utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33191 Dowman Street Subject | $549,900* List Price | 4 | 3 | 1,627 | $354 | - |
A 18225 Brightman Avenue Sold | $510,000 | 3 | 3 | 2,000 | $255 | 0.3 mi |
B 33100 Turner Street Sold | $530,000 | 3 | 2 | 1,285 | $412 | 0.3 mi |
C 33217 Wood Sold | $435,000 | 4 | 2 | 1,100 | $395 | 0.1 mi |
D 17657 Hayes Sold | $488,000 | 3 | 2 | 1,300 | $375 | 0.4 mi |
E 32816 Autumn Wood Cir Sold | $595,000 | 3 | 2 | 1,770 | $336 | 0.8 mi |
F 17771 Brightman Sold | $425,000 | 2 | 4 | 1,106 | $384 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1945, the property has been significantly updated and is well-maintained. The interior features granite countertops and wood flooring, suggesting a renovation within the last 5-15 years. It is move-in ready with a functional detached casita, though some elements like popcorn ceilings and older built-ins prevent an 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1627.
The property features a detached guest house with its own private entrance and bathroom, providing rare flexibility for multi-generational living, a home office, or potential rental income.
The backyard is a true entertainer's retreat, equipped with an above-ground pool and deck, an outdoor bar, a firepit, and fruit trees, complemented by a gated driveway with RV and boat parking.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1945, the home's age may present challenges regarding modern energy efficiency and the potential need for ongoing maintenance of older structural or mechanical systems.
The local school district ratings are relatively low, with the nearest middle school rated a 3 out of 10, which may be a drawback for families prioritizing high-performing educational environments.
Welcome to this beautiful Lake Elsinore home with a Gated driveway, RV and boat parking, a detached casita / guest house, detached garage, and an entertainer’s backyard with a pool and outdoor bar. This unique property offers the kind of flexibility that is hard to find, with room for guests, multi-generational living, hobbies, extra storage, or whatever best fits your lifestyle. The detached casita features its own private entrance and bathroom complete with a shower, vanity, and toilet, giving the property even more versatility. Walking into the main home you will immediately how well maintained the property is with wood flooring throughout, granite countertops, comfortable living spaces, and a spacious laundry room. There is also a loft-style bonus area currently being used as a bedroom, creating additional flexibility for a playroom, office, storage area, or extra living space. The gated front yard adds privacy and creates a welcoming feel with usable outdoor space, while the backyard is set up perfectly for entertaining. Enjoy an above-ground pool surrounded by a deck, an outdoor bar area, cozy firepit, and fruit trees that add charm and character to the yard. With a detached casita, gated driveway, RV and boat parking, detached garage, and multiple outdoor spaces, this property truly offers character, versatility, and hard-to-find features all in one.
No exterior & parking available.
Grades K-8 • 1.0 mi
Grades 6-8 • 5.3 mi
Grades 9-12 • 3.3 mi
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 | 1,627 | 1,928 | 32% |
| Lot Size | 7,841 | 7,319 | 61% |
| Price | $549.9K | $595.0K | 33% |
| Price per sq ft | $338 | $306 | 69% |
| Built year | 1945 | 2003 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 169 | 2% |
May 21, 2026
$549,900
Initial Listing
Apr 20, 2021
$430,000
Public Record