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

42846 Montello Drive, Lake Elizabeth, California 93532 home-pic-0

42846 Montello Drive

Lake Elizabeth, California 93532

ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,330Sq Ft
9,147.6Lot Size

Property Price

LIST PRICE$449,900
EST. MARKET VALUE
$448,682

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

$448,682
Based on Realkey algorithm analyzing recent comparable sales in Lake Elizabeth.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
42846 Montello Drive
Subject
$449,900*
List Price
321,330$337-
A
42620 Wauconda Drive
Sold
$500,000321,536$3260.2 mi
B
43134 Peek A Boo Road
Pending
$469,000
List Price
321,277$3670.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,3301,345.5
44%
Lot Size9,147.69,055.8
50%
Price$449.9K$447.4K
50%
Price per sq ft$338$321
61%
Built year20061984
89%
HOA$0$0
50%
Days on market162209
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

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