33510 Cedar Creek Lane, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Value-Add Residence is listed at $518,000, representing a stable and fair acquisition price positioned exactly at its $518,000 Fair Market Value. Featuring a functional 4-bedroom layout and scenic hill views from the primary suite’s private deck, the property maintains a Fair Condition Rating with significant potential for forced appreciation through cosmetic updates to the dated kitchen and baths. Residents benefit from resort-style amenities and proximity to Canyon Lake Middle School. This property is a strategic opportunity for Owner-Occupants looking to build equity or first-time buyers seeking a customizable family home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33510 Cedar Creek Lane Subject | $518,000* List Price | 4 | 3 | 2,118 | $245 | - |
A 34234 Parkside Drive Sold | $545,000 | 4 | 3 | 1,767 | $308 | 0.4 mi |
B 33513 Cedar Creek Lane Sold | $535,000 | 3 | 3 | 1,703 | $314 | 0.0 mi |
C 33496 Cedar Creek Active | $569,000 List Price | 3 | 3 | 2,118 | $269 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2005, making it 19 years old. While functional, the kitchen features dated oak cabinets, white tile countertops, and older white appliances (except for a stainless steel refrigerator). Bathrooms also show dated oak vanities and vinyl flooring. The overall aesthetic, particularly in the kitchen and bathrooms, is outdated and would require cosmetic updates to meet current buyer preferences, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but showing signs of being outdated.
Located in a 'great family neighborhood' within Cedar Creek in Canyon Hills, offering a strong sense of community and appeal to families.
Residents benefit from access to a community pool, hot tub, and playground, enhancing lifestyle and recreational opportunities.
A two-story home with 4 bedrooms and 2.5 baths across 2118 sqft, featuring a primary bedroom with dual closets and a deck, and a 4th bedroom with a walk-in closet, catering well to family needs.
The lot size of 3484.8 sqft is relatively small for a 4-bedroom single-family home, potentially limiting outdoor living space.
The property has undergone several price reductions from its original list price, which may suggest a perceived overvaluation or extended market time.
The description 'deserves a family to transform it into a HOME with your special touches' implies the property may require cosmetic updates or personalization to meet modern tastes, representing an additional investment for buyers.
Great family neighborhood nestled in Cedar Creek in Canyon Hills and priced to buy! Two story 4 Bedrooms with 2.5 baths at 2118 square feet. Primary bedroom has views of the surrounding hills from attached deck along with two closets. 4th bedroom has walk-in closet. Second bathroom has dual sinks and separated toilet. This house deserves a family to transform it into a HOME with your special touches. Enjoy the close by Community Pool, hot tub and playground. EZ access to schools, eateries, park, shopping and freeways.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.9 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 | 2,118 | 2,532 | 34% |
| Lot Size | 3,484.8 | 7,252 | 5% |
| Price | $518.0K | $630.0K | 2% |
| Price per sq ft | $245 | $257 | 39% |
| Built year | 2005 | 2007 | 36% |
| HOA | $175.0 | $134 | 66% |
| Days on market | 201 | 196 | 54% |
Jan 29, 2026
$518,000
$524,000
-1% Price Drop
Initial Listing
Nov 1, 2025
$524,000
$539,750
-3% Price Drop
Initial Listing
Oct 3, 2025
$539,750
Initial Listing