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48 Villa Milano, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 4 bath

48 Villa Milano, Lake Elsinore, California 92532 home-pic-0
ACTIVE$675,000
48 Villa Milano, Lake Elsinore, California 92532
5Beds
4Baths
2,542Sqft
6,534Lot
Year Built
1996
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$266
HOA
$197
Days on market
-
Sold On
-
MLS number
CV25137140
Home ConditionFair
Features
Excellent View: Lake
Deck
Patio
ViewLake

About this home

Possibly Over-Priced:The estimated price is 55% below the list price. We found 3 Cons,5 Pros. Rank: price - $675.0K(72th), sqft - 2542(51th), beds - 5(75th), baths - 4(89th).

VIEW VIEW VIEW! This 5 bedroom beauty located in the sought after Tuscan Hills HOA has an amazing location! Gorgeous vistas from the back yard and the master bedroom are a few of the daily treats this home offers. A large living room/dining room area, high ceilings, kitchen open to the family room allow for comfortable and relaxing living. There is a main floor bedroom and bath for guests. The upstairs features a large open office area/bonus loft plus 4 large bedrooms. The master suite has a balcony with lake view! The whole home is open and airy with large windows and plenty of sunlight. The large backyard has a cobblestone patio area and ample grass area for entertaining. Without a doubt, the view is worth every penny! Come see this special property.

Nearby schools

8/10
Tuscany Hills Elementary School
Public,•K-5•0.5mi
3/10
Railroad Canyon Elementary School
Public,•K-5•1.9mi
5/10
Cottonwood Canyon Elementary School
Public,•K-5•2.3mi
6/10
Earl Warren Elementary School
Public,•K-5•2.5mi
6/10
Canyon Lake Middle School
Public,•6-8•2.4mi
3/10
Elsinore Middle School
Public,•6-8•3.3mi
6/10
Temescal Canyon High School
Public,•9-12•3.9mi
Condition Rating
Fair
The property was built in 1996, making it 28 years old. While appearing well-maintained, the kitchen features dated light wood cabinetry, white appliances, and older-style countertops, indicating it has not undergone a major modern renovation. The overall interior aesthetic, including light fixtures and flooring, suggests the home is functional but shows signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Exceptional Lake Views: The property boasts 'VIEW VIEW VIEW!' with gorgeous vistas from the backyard, master bedroom, and a master suite balcony offering direct lake views, significantly enhancing its appeal.
Desirable Community Location: Situated in the 'sought after Tuscan Hills HOA,' suggesting access to community amenities and a well-maintained neighborhood environment.
Spacious and Functional Floor Plan: Features 5 bedrooms, 4 bathrooms, a main floor bedroom and bath for guests, a large open office/bonus loft, and an open-concept kitchen to family room, providing ample and versatile living space.
Bright and Airy Interior: The home is described as 'open and airy with large windows and plenty of sunlight,' creating a welcoming and comfortable atmosphere.
Generous Outdoor Entertainment Space: The large backyard includes a cobblestone patio area and ample grass, ideal for entertaining and outdoor activities.

Cons

Significant Overpricing: The current listing price of $675,000 is considerably higher than the estimated property value of $302,381.74, indicating a substantial overvaluation (estimation ratio -55%).
Property Age and Lack of Explicit Modern Updates: Built in 1996, the property is nearly three decades old, and the description does not highlight recent major renovations or modern finishes in key areas like the kitchen or bathrooms, which might be expected by buyers.
Recurring HOA Fees: The property is part of an HOA with a monthly fee of $197.0, representing an additional ongoing cost for the homeowner.

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