47 Corte Madera, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 4 bed, 3 bath
Loading property details...
47 Corte Madera
Lake Elsinore, California 92532
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,330Sq Ft
17,860Lot Size
Property Price
LIST PRICE$710,000
EST. MARKET VALUE
$683,156
3% AboveMARKET VALUE
SUMMARY
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $710,000—positioned above the $683,157 Fair Market Value by 3%. While priced slightly above market, the property offers significant upside through its 17,860 sqft lot, Private Pool, and Panoramic Views. With a Fair Condition Rating, the home provides a canvas for cosmetic updates to modernize the original 1991 interiors. Located in the Lake Elsinore Unified district near top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Estimated Market Value
$683,156
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 47 Corte Madera Subject | $710,000* List Price | 4 | 3 | 2,330 | $293 | - |
A 13 Del Pizzoli Sold | $660,000 | 4 | 3 | 2,441 | $270 | 0.3 mi |
B 35 Villa Valtelena Sold | $665,000 | 3 | 3 | 2,425 | $274 | 0.4 mi |
C 12 Plaza Avila Sold | $715,000 | 4 | 4 | 3,208 | $223 | 0.2 mi |
D 28 Villa Milano Pending | $629,900 List Price | 4 | 3 | 2,375 | $265 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1991 (35 years old), the property is functional but dated. While it features wood flooring and one renovated bathroom, the kitchen retains original oak cabinetry and tile countertops from the 90s. It lacks a full modern renovation, placing it in the 'Fair' category as it requires cosmetic updates throughout.
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 = 17860, living area = 2330.
- Panoramic Views & Private Pool
The property features exceptional 180-degree views of the lake, city, and hills, complemented by a private pool on an expansive 17,860 sqft lot.
- Premium Community Amenities
Located in Tuscany Hills, residents benefit from extensive HOA amenities including a clubhouse, gym, and sports courts, plus proximity to a top-rated elementary school.
CONSRISKS & DEFICIENCIES
- Modified Garage Space
The partitioned room in the garage may limit traditional vehicle parking and storage utility, which could be a drawback for buyers requiring full garage functionality.
- Aging Infrastructure
Built in 1991, the property may require upcoming maintenance or updates to original systems and exterior components that were not included in recent renovations.
About 47 Corte Madera
Welcome to Tuscany Hills! This house features a Private Pool and Panoramic Views of the city. A blend of traditional and modern, upgrades include wood flooring downstairs, a fully renovated bathroom upstairs, and a partitioned room in the garage. You'll be greeted with high ceilings extending into the open floor plan throughout the rest of the home. A balcony deck extends from the primary bedroom giving you a 180 degree view of the city, lake and nearby hills. The community also includes a pool and spa, tennis and basketball courts, clubhouse, gym and more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 17,860 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $162.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Tuscany Hills Elementary School
Grades K-5 • 0.8 mi
8/10
Railroad Canyon Elementary School
Grades K-5 • 1.5 mi
3/10
Cottonwood Canyon Elementary School
Grades K-5 • 2.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,330 | 1,997.676 |
| Lot Size | 17,860 | 7,302.624 |
| Price | $710.0K | $602.7K |
| Price per sq ft | $305 | $299 |
| Built year | 1991 | 2005 |
| HOA | $162.0 | $146 |
| Days on market | 33 | 65 |
Pricing History
Listed for Sale
Aug 7, 2026
$710,000
Initial Listing
Sold
Jul 9, 2018
$420,000
Public Record
Sold
Dec 29, 2010
$240,000
Public Record
Sold
Jun 8, 2001
$245,000
Public Record