
Wildomar, California 92595
This Value-Add Rural Residential Property is listed at $599,000, offering a strategic footprint within a flexible R-R Zoning district. While currently positioned above the $496,211 Fair Market Value, the property’s value is anchored by its expansive 19,602 sq ft lot and significant ADU Potential. The home holds a Condition Rating of 5, showing deferred maintenance and requiring a full interior modernization. Located in the Lake Elsinore Unified district with exceptionally low Mello-Roos, this asset is a prime candidate for forced appreciation. It is best suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 34548 Orchard Subject | $599,000* List Price | 3 | 2 | 1,917 | $259 | - |
A 32303 Bilton Way Sold | $515,000 | 3 | 2 | 2,160 | $238 | 0.6 mi |
B 20718 Cashew Street Sold | $710,000 | 4 | 2 | 1,869 | $380 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985, the home is in mostly original condition and shows significant deferred maintenance. Interior images reveal missing flooring in bedrooms (bare concrete), a very dated kitchen with worn oak cabinetry and old tile countertops, and popcorn ceilings throughout. The property requires substantial rehabilitation and modernization to be move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19602, living area = 1917.
The nearly half-acre lot (19,602 sq ft) with R-R zoning offers significant privacy and the versatile potential to add an Accessory Dwelling Unit (ADU) or additional structures, providing excellent value-add opportunities.
An exceptionally low Mello-Roos of approximately $41.08 per year keeps the overall cost of ownership down, making it a financially attractive option compared to newer developments in the region.
Built in 1985, the property may require modern updates to its interior finishes and major systems to meet the expectations of buyers looking for contemporary efficiency and style.
The R-R zoning and rural setting, while offering space, may mean fewer immediate neighborhood amenities and a more secluded environment that might not appeal to buyers seeking a traditional suburban feel.
Spacious home on a large lot with room to grow! This property features 1,917 sq ft of living space situated on a generous 19,602 sq ft lot, offering space, privacy, and versatility. The home includes a 2-car garage and central air and heat for year-round comfort. Located on an R-R zoned lot, providing a more rural residential setting with added flexibility. Potential for an ADU (Accessory Dwelling Unit) or additional structures, subject to Riverside County approval (buyer to verify permitted uses). Low Mello-Roos of approximately $41.08 per year helps keep overall costs down. Great opportunity for buyers looking for space, flexibility, and future potential—don’t miss out! Near 15 fwy, and 20 min from Temecula wineries .
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 26% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,917 | 2,459 | 26% |
| Lot Size | 19,602 | 8,276 | 81% |
| Price | $599.0K | $689.0K | 19% |
| Price per sq ft | $312 | $287 | 69% |
| Built year | 1985 | 2002 | 12% |
| HOA | $0 | $27 | 49% |
| Days on market | 23 | 183 | 2% |
Mar 30, 2026
$599,000
Initial Listing