36589 Obaria, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 5 bath
ACTIVE$800,000
36589 Obaria, Lake Elsinore, California 92532
5Beds
5Baths
4,249Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($848,001.375) is $48,001.375 (6%) higher than the list price ($800,000). This property may be underpriced.
Key pros and cons
Top Pros:
Versatile Casita/ADU: The property features a charming casita/in-law suite/ADU with its own bedroom, bathroom, and living area, offering significant flexibility for multi-generational living, guest accommodation, or potential rental income.
Top Cons:
Ongoing Association Fees: The property is subject to a monthly association fee of $131.0, which adds to the recurring cost of homeownership.
Compared to the nearby listings
Price:$800.0K vs avg $630.0K (+$170,000)97%
Size:4,249 sqft vs avg 2,541 sqft99%
Price/sqft:$188 vs avg $2555%
More Insights
Built in 2015 (10 years old).
Condition: Built in 2015, this property is only 9 years old, falling well within the 'Excellent' category for age. The kitchen features modern white shaker cabinets, granite countertops, and stainless steel built-in appliances (double oven, microwave, range hood), all appearing in excellent condition. Flooring is a mix of tile and wood laminate, both well-maintained. While bathrooms aren't explicitly detailed in images, their condition is expected to align with the rest of the home's modern construction. The property shows no signs of deferred maintenance and meets current quality standards, making it virtually new.
Year Built
2015
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$188
HOA
$131
Days on market
-
Sold On
-
MLS number
DW25251034
Home ConditionExcellent
Features
Good View: Hills
Pool
Patio
ViewHills
About this home
Discover this single-family home featuring 5 spacious bedrooms and 4.5 bathrooms, along with a charming casita/in law suite/ADU that includes its own bedroom, bathroom, and living area—perfect for guests or added privacy. Spanning approximately 4,249 square feet, this residence, built in 2015, showcases an open floor plan ideal for entertaining. The expansive living room flows effortlessly into the kitchen equipped with granite countertops and a generous center island. Step outside to the backyard, where you'll find a delightful patio area perfect for outdoor dining and entertaining, as well as a refreshing swimming pool to enjoy during those warm summer days. Additional highlights include a 3-car attached garage and access to community amenities such as parks and walking trails. Conveniently located near schools, shopping centers, and major highways, this home is truly perfect for families and entertainers alike—a must-see!
Nearby schools
6/10
Herk Bouris Elementary
Public,•K-5•0.8mi
5/10
Cottonwood Canyon Elementary School
Public,•K-5•2.2mi
8/10
Tuscany Hills Elementary School
Public,•K-5•4.2mi
3/10
Railroad Canyon Elementary School
Public,•K-5•5.2mi
6/10
Menifee Valley Middle School
Public,•6-8•1.3mi
6/10
Canyon Lake Middle School
Public,•6-8•2.0mi
2/10
Pinacate Middle School
Public,•7-8•6.8mi
7/10
Paloma Valley High School
Public,•9-12•1.8mi
5/10
Elsinore High School
Public,•9-12•4.6mi
6/10
Temescal Canyon High School
Public,•9-12•7.7mi
Price History
Date
Event
Price
03/19/19
Sold
$545,000
11/23/15
Sold
$490,500
Condition Rating
Excellent
Built in 2015, this property is only 9 years old, falling well within the 'Excellent' category for age. The kitchen features modern white shaker cabinets, granite countertops, and stainless steel built-in appliances (double oven, microwave, range hood), all appearing in excellent condition. Flooring is a mix of tile and wood laminate, both well-maintained. While bathrooms aren't explicitly detailed in images, their condition is expected to align with the rest of the home's modern construction. The property shows no signs of deferred maintenance and meets current quality standards, making it virtually new.
Pros & Cons
Pros
Versatile Casita/ADU: The property features a charming casita/in-law suite/ADU with its own bedroom, bathroom, and living area, offering significant flexibility for multi-generational living, guest accommodation, or potential rental income.
Modern & Spacious Living: Built in 2015, this expansive 4,249 sqft home boasts a modern open floor plan, a large living room, granite countertops, and a generous center island, catering to contemporary lifestyles and large families.
Exceptional Outdoor Entertainment: The backyard is equipped with a refreshing swimming pool and a delightful patio area, creating an ideal space for relaxation, outdoor dining, and hosting gatherings during warm summer days.
Comprehensive Amenities & Parking: The home includes a practical 3-car attached garage and benefits from access to desirable community amenities such as parks and walking trails, enhancing convenience and lifestyle.
Strategic Location & Potential Value: Conveniently located near schools, shopping centers, and major highways, the property is also listed below its estimated market value, suggesting strong investment potential and accessibility.
Cons
Ongoing Association Fees: The property is subject to a monthly association fee of $131.0, which adds to the recurring cost of homeownership.
Modest Lot Size for Home Scale: With a 7,405 sqft lot for a 4,249 sqft home, the usable yard space might be considered modest by some buyers, potentially limiting extensive outdoor activities beyond the existing pool and patio.
Variability in School Ratings: While some nearby schools have good ratings, others in the vicinity show lower performance (e.g., Railroad Canyon Elementary - 3, Pinacate Middle School - 2), which could be a concern for families prioritizing top-tier public education.