42846 Montello Drive, Lake Elizabeth, California 93532, Lake Elizabeth, 93532 - 3 bed, 2 bath

42846 Montello Drive
Lake Elizabeth, California 93532
Property Price
SUMMARY
Analysis of 42846 Montello Drive, Lake Elizabeth, California 93532 reveals a Fairly Priced Property with a current list price of $449,900 aligned with the estimated $448,682 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Elizabeth Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42846 Montello Drive Subject | $449,900* List Price | 3 | 2 | 1,330 | $337 | - |
A 42620 Wauconda Drive Sold | $500,000 | 3 | 2 | 1,536 | $326 | 0.2 mi |
B 43134 Peek A Boo Road Pending | $469,000 List Price | 3 | 2 | 1,277 | $367 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age range for a 'good' rating and features significant modern upgrades. The kitchen is highly updated with premium Dekton countertops, GE Slate appliances, and contemporary fixtures. While the description notes the need for minor touch-ups and repairs, the overall condition is move-in ready with high-quality flooring and integrated smart home systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9147, living area = 1330.
- Gourmet Kitchen Upgrades
The home features a high-end kitchen with state-of-the-art Dekton countertops, GE Slate appliances, and a large central island, offering both durability and modern style.
- Elevated Privacy and Views
Situated on an elevated lot with a long driveway, the property provides exceptional privacy along with scenic lake and mountain views.
CONSRISKS & DEFICIENCIES
- Short Sale Contingency
As a short sale subject to lender approval, the purchase process may be more complex and time-consuming than a traditional real estate transaction.
- Required Repairs
The property requires various touch-ups and repairs, suggesting immediate additional investment is needed to bring the home to its full potential.
About 42846 Montello Drive
This is a short sale and subject to lender approval. Welcome to this beautifully upgraded single-story home in the peaceful Lake Elizabeth community, where privacy, comfort, and scenic views come together. Built in 2006, this property sits on an elevated lot with a long driveway, offering a sense of seclusion and tranquility. Inside, the open floor plan features 9-foot ceilings, wide-plank Pergo-XP® wood flooring, crown molding, 6-inch baseboards in the living room, and modern wainscoting in the dining area. A cozy pellet stove provides warmth in the winter, while the NEST home protection system adds modern convenience and allows for remote control directly from your phone. The gourmet kitchen is the centerpiece of the home, showcasing GE Slate appliances, an oversized island with state-of-the-art Dekton® countertops (scratch, heat, and stain-resistant), a subway tile backsplash, and an under-mount cast-iron Kohler sink with a chef's faucet. Recessed lighting and a designer light fixture over the island create an inviting atmosphere. The layout is thoughtfully designed for comfort and functionality, with the primary suite located on one side of the home and two additional bedrooms with a shared bath on the other. Outdoors, the private fenced backyard offers easy maintenance, while the front yard is highlighted by mature lilac trees. With a few touch-ups and repairs, this home is ready to shine for its next owner. Whether you're seeking a peaceful retreat with sweeping views or a stylish, updated space to entertain, this property offers the perfect balance of charm and modern upgrades.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 9,147.6 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,330 | 1,345.5 | 44% |
| Lot Size | 9,147.6 | 9,055.8 | 50% |
| Price | $449.9K | $447.4K | 50% |
| Price per sq ft | $338 | $321 | 61% |
| Built year | 2006 | 1984 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 209 | 28% |
Pricing History
Listed for Sale
Feb 25, 2026
$449,900
$475,000
-5% Price Drop
Initial Listing
Price Change
Nov 7, 2025
$475,000
$485,000
-2% Price Drop
Initial Listing
Price Change
Oct 9, 2025
$485,000
Initial Listing
Price Change
Sep 25, 2025
$475,000
Initial Listing




























