33455 Megan Court, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
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33455 Megan Court
Lake Elsinore, California 92530
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,794Sq Ft
8,276Lot Size
Property Price
LIST PRICE$549,900
EST. MARKET VALUE
$547,979
SUMMARY
This Single-Story Residential Asset is a Strong Value Opportunity, listed at $565,000—positioned well below the $551,536 Fair Market Value by -2%. While the property is in Fair Condition Rating (2002 build), it offers significant upside through cosmetic modernization of the kitchen and baths. The absence of HOA and Mello-Roos fees enhances long-term affordability. Featuring a 3-car garage, cul-de-sac privacy, and mountain views, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic updates.
Estimated Market Value
$547,979
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 |
|---|---|---|---|---|---|---|
★ 33455 Megan Court Subject | $549,900* List Price | 4 | 2 | 1,794 | $305 | - |
A 33450 Walham Sold | $598,000 | 4 | 2 | 2,020 | $296 | 0.1 mi |
B 33130 Trabuco Drive Sold | $547,000 | 3 | 2 | 1,754 | $312 | 0.2 mi |
C 33130 Shoreline Sold | $550,000 | 4 | 3 | 1,677 | $328 | 0.4 mi |
D 15145 Lighthouse Drive Sold | $585,000 | 4 | 3 | 2,197 | $266 | 0.4 mi |
E 15660 Laguna Sold | $605,000 | 4 | 3 | 2,293 | $264 | 0.2 mi |
F 33134 Windward Way Sold | $515,000 | 4 | 2 | 1,625 | $317 | 0.5 mi |
G 33384 Westlong Active | $529,900 List Price | 3 | 2 | 1,607 | $330 | 0.9 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 2002, the property is 22 years old and appears to have original finishes. While the home is well-maintained and functional, the kitchen and bathrooms are dated with original oak cabinetry and white tile countertops, fitting the criteria for a property over 20 years old needing modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Financial Advantage
The property features no HOA fees and no Mello-Roos assessments, significantly lowering the monthly cost of ownership compared to many neighboring communities.
- Highly Desirable Configuration
A single-story floor plan paired with a 3-car garage is a sought-after combination that offers both accessibility and ample space for storage or a workshop.
- Premium Lot and Views
Situated on a quiet cul-de-sac, the home offers enhanced privacy and features impressive mountain and city light views that increase its aesthetic appeal.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 2002, the home may require cosmetic updates to the kitchen and bathrooms to align with contemporary design trends and buyer expectations.
- Compact Bedroom Dimensions
With four bedrooms distributed within 1,794 square feet, individual room sizes may feel somewhat constrained for buyers with large furniture suites.
About 33455 Megan Court
Welcome to this well-maintained single-story home in the desirable Lake Elsinore community. Located on a quiet cul-de-sac, this 4-bedroom, 2-bath home offers 1,794 sq ft of living space and a 3-car attached garage. The kitchen features ample cabinet and counter space. The open layout provides a warm and inviting atmosphere with plenty of natural light throughout. Enjoy beautiful landscaping, mountain views, and the benefits of NO HOA and NO Mello-Roos. Conveniently located near the lake, shopping, and easy highway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,794 | 1,997.676 |
| Lot Size | 8,276 | 7,302.624 |
| Price | $549.9K | $602.7K |
| Price per sq ft | $307 | $299 |
| Built year | 2002 | 2005 |
| HOA | $0 | $146 |
| Days on market | 44 | 65 |
Pricing History
Listed for Sale
Aug 21, 2026
$549,900
$565,000
-3% Price Drop
Initial Listing
Price Change
Jul 27, 2026
$565,000
Initial Listing
Sold
Jan 18, 2017
$340,000
Public Record
Sold
May 20, 2014
$275,000
Public Record