33200 Benner Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
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33200 Benner Street
Lake Elsinore, California 92530
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,699Sq Ft
4,356Lot Size
Property Price
LIST PRICE$470,000
EST. MARKET VALUE
$495,761
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $470,000—positioned well below the $495,761 Fair Market Value by 5%. This valuation gap offers $25,761 in Instant Equity for buyers. Featuring solar panels and updated electrical, the home has a Fair Condition Rating that invites cosmetic modernization. With panoramic mountain and lake views, this residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build wealth through strategic value-add improvements.
Estimated Market Value
$495,761+$25,761 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33200 Benner Street Subject 3 bd · 3 ba · 1,699 sqft · $292 | $470,000* List Price | 3 | 3 | 1,699 | $292 | - |
A 33124 Case Sold 3 bd · 2 ba · 1,200 sqft · $358 · 0.5 mi | $430,000 | 3 | 2 | 1,200 | $358 | 0.5 mi |
B 33111 Baldwin Boulevard Sold 5 bd · 1 ba · 1,400 sqft · $321 · 0.7 mi | $450,000 | 5 | 1 | 1,400 | $321 | 0.7 mi |
C 33206 Churchill Active 4 bd · 3 ba · 1,698 sqft · $280 · 0.5 mi | $475,000 List Price | 4 | 3 | 1,698 | $280 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979 (45 years old), the property is dated and shows its age. While the listing notes updated electrical and solar, the kitchen features older painted cabinetry, mismatched appliances, and dated tile flooring. The exterior and yard also show signs of age-related wear, placing it in the fair category as it requires cosmetic modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Energy Efficiency
The inclusion of solar panels and updated electrical systems provides a significant advantage in reducing monthly utility costs and enhancing the home's sustainability.
- Prime Lifestyle Location
Ideally situated near Elm Grove Beach, Lakepoint Park, and Historic Downtown, the property offers residents immediate access to Southern California's largest natural freshwater lake and local amenities.
- Competitive Market Value
Currently listed at $470,000, which is $15,000 below its 2022 sale price, this home presents a strong value proposition for buyers looking to enter the Lake Elsinore market.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
At 4,356 square feet, the lot is relatively small for a single-family residence, which may limit outdoor privacy and space for extensive gardening or expansion.
- Vintage Construction
Built in 1979, the property may require ongoing maintenance or further cosmetic updates to align with modern aesthetic preferences compared to newer developments in the area.
About 33200 Benner Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,699 | 2,014.188 |
| Lot Size | 4,356 | 7,537.856 |
| Price | $470.0K | $605.8K |
| Price per sq ft | $277 | $297 |
| Built year | 1979 | 2005 |
| HOA | $0 | $143 |
| Days on market | 11 | 70 |
Pricing History
Listed for Sale
Oct 14, 2026
$470,000
Initial Listing
Sold
Feb 16, 2022
$485,000
Public Record
Sold
Jul 3, 2014
$197,000
Public Record