
Lake Elsinore, California 92530
This Single Family Residence is a Strong Value Opportunity, listed at $499,000—positioned well below the $506,759 Fair Market Value by 1%. This valuation gap offers $7,759 in Instant Equity for the buyer. Featuring solar panels and updated electrical, the home maintains a Condition Rating of 4, offering a solid foundation for cosmetic modernization. With panoramic mountain and lake views, this property balances commuter convenience with recreational access, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33200 Benner Street Subject | $499,000* List Price | 3 | 2 | 1,699 | $298 | - |
A 33124 Case Sold | $430,000 | 3 | 2 | 1,200 | $358 | 0.5 mi |
B 33111 Baldwin Boulevard Sold | $450,000 | 5 | 1 | 1,400 | $321 | 0.7 mi |
C 17616 Sutherland Sold | $435,000 | 2 | 2 | 1,152 | $378 | 0.8 mi |
D 17657 Hayes Sold | $488,000 | 3 | 2 | 1,300 | $375 | 0.7 mi |
E 33256 Wride Active | $475,000 List Price | 3 | 2 | 1,544 | $308 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the home is over 40 years old and remains largely dated. While the kitchen has received surface-level updates like a tile backsplash and newer countertops, the cabinetry and flooring show significant age. The bathrooms are basic and functional but lack modern renovation. Although the electrical system and solar are noted as updated, the overall interior requires cosmetic modernization and minor repairs.
The inclusion of solar panels and updated electrical systems provides significant value by reducing monthly utility expenses and enhancing the home's sustainability.
Ideally situated near Elm Grove Beach, Lakepoint Park, and Ortega Falls, this property offers unparalleled access to outdoor activities and Lake Elsinore's natural beauty.
The property's proximity to the 15 and 74 freeways, combined with its closeness to Historic Downtown, offers a perfect balance of small-town charm and easy regional access.
At 4,356 square feet, the lot is relatively small for the area, which may restrict outdoor expansion, large-scale gardening, or private backyard amenities.
Built in 1979, the home may require additional inspections or future capital improvements to address aging infrastructure not covered by the recent electrical updates.
Charming 3-bedroom, 2-bathroom home offering 1,699 sq ft of comfortable living space in the heart of Lake Elsinore. Energy-efficient features include solar and updated electrical, helping keep utility costs low. Enjoy the best of Southern California's largest natural freshwater lake right around the corner spend weekends at Elm Grove Beach or Lakepoint Park, catch a sunset from Lake Elsinore Vista Point, or hike to Ortega Falls just minutes away. Historic Downtown Lake Elsinore offers boutique shopping and dining, plus easy access to hiking trails and wildflower blooms at Walker Canyon. With convenient access to the 15 and 74 freeways, this home offers small-town charm with easy commuting. Don't miss your chance to own a piece of Lake Elsinore living.
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 | 1,699 | 1,997.676 |
| Lot Size | 4,356 | 7,302.624 |
| Price | $499.0K | $602.7K |
| Price per sq ft | $294 | $299 |
| Built year | 1979 | 2005 |
| HOA | $0 | $146 |
| Days on market | 12 | 65 |
Aug 28, 2026
$499,000
Initial Listing
Feb 16, 2022
$485,000
Public Record
Jul 3, 2014
$197,000
Public Record