
Lake Elsinore, California 92530
This Single Family Residence represents a Strong Value Opportunity, listed at $529,900—positioned well below the $531,994 Fair Market Value by 0.39%. This property offers $2,094 in Instant Equity. Featuring a Fair Condition Rating, the home provides a blank canvas for modernization, particularly in the kitchen and baths. With panoramic lake and hill views and an oversized lot, it offers significant lifestyle appeal. This is an ideal acquisition for Owner-Occupants seeking customization or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33384 Westlong Subject | $519,000* List Price | 3 | 2 | 1,607 | $328 | - |
A 615 Le Harve Sold | $521,000 | 3 | 2 | 1,285 | $405 | 1.0 mi |
B 33130 Trabuco Drive Sold | $547,000 | 3 | 2 | 1,754 | $312 | 1.0 mi |
C 33450 Walham Sold | $598,000 | 4 | 2 | 2,020 | $296 | 0.8 mi |
D 33455 Megan Court Active Under Contract | $549,900 List Price | 4 | 2 | 1,794 | $307 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old, placing it in the Fair category (>20 years). While it features cosmetic updates like new paint and carpet, the bathrooms and kitchen remain original and dated. The A/C is maintained and the water heater is new, but the overall age of the structure and the need for bathroom/kitchen modernization align with the Fair criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1607.
Situated at the end of a quiet street at the base of the Ortega Hills, this property offers rare seclusion and a direct connection to nature, avoiding the 'cookie-cutter' feel of nearby developments.
The home provides stunning views of Lake Elsinore from every bedroom window and a picturesque mountain backdrop, significantly enhancing the property's tranquility and aesthetic appeal.
The property is sold in as-is condition with bathrooms specifically noted as needing a 'creative touch,' implying immediate renovation costs for the buyer to modernize the space.
The assigned elementary and middle schools currently hold lower performance ratings (3/10 and 4/10), which may be a drawback for families prioritizing high-ranking educational districts.
A rare opportunity in an outstanding location! Tucked away to the end of the street at the base of the beautiful Ortega Hills, this unique property offers privacy, incredible views, and a true connection with nature. With the foothills as your backdrop and Lake Elsinore visible form every bedroom window, this is a home you simply have to experience in person. The home is in good condition and is being offered as-is giving the next owner the opportunity to make it their own and add their personal style. The house features fresh new interior paint throughout, new carpeting in every bedroom, wood-look flooring in the main areas, a maintained A/C, a new water heater, and a cozy fireplace in the living room. The bedrooms are exceptionally spacious, with each measuring no less than approx 16 feet wide by 14 feet long (or more) giving plenty of area for furnishings, sitting areas, or whatever your lifestyle requires. The two-car garage offers much more than parking with plenty of additional space for a workshop, storage, and dedicated laundry area. The bathrooms are ready for a creative touch and provide an excellent opportunity for a new owner to bring their own vision and personality to the home. But again, the real star of this property is the LOCATION! Situated at the end of the street and nestled against the Ortega Hills, the setting provides tranquility that is increasingly hard to find. Why live in a new-build cookie cutter version of this when you can have an original? Within a mile or so of Lakeside High School, it is also close to the newly remodeled Launch Point boat and marina and picnic area. Grocery shopping, restaurants, and all the neighborhood necessities are nearby making this a convenient location. Incredible potential, unique location, peaceful and private location. Come and see why you should make this your next home!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 2.7 mi
Grades K-8 • 4.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,607 | 1,997.676 |
| Lot Size | 8,276 | 7,302.624 |
| Price | $519.0K | $602.7K |
| Price per sq ft | $323 | $299 |
| Built year | 2004 | 2005 |
| HOA | $0 | $146 |
| Days on market | 25 | 65 |
Aug 29, 2026
$519,000
$529,900
-2% Price Drop
Initial Listing
Aug 15, 2026
$529,900
Initial Listing
Mar 31, 2011
$150,000
Public Record
Jul 14, 2008
$216,000
Public Record
Aug 29, 2005
$357,500
Public Record
Oct 14, 2004
$306,000
Public Record
Nov 25, 2003
$35,000
Public Record