501 Pablo Road 48, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
ACTIVE$495,000
501 Pablo Road 48, Lake Elsinore, California 92530
3Beds
3Baths
1,667Sqft
1,667Lot
Price Vs. Estimate
The estimated value ($495,000) is $0 (0%) lower than the list price ($495,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction: Built in 2022, this home offers modern features, minimal immediate maintenance, and is move-in ready.
Top Cons:
Association Fee: A monthly association fee of $154 adds to the recurring cost of homeownership, which may impact affordability for some buyers.
Compared to the nearby listings
Price:$495.0K vs avg $585.9K ($-90,858)14%
Size:1,667 sqft vs avg 1,884 sqft39%
Price/sqft:$297 vs avg $31939%
More Insights
Built in 2022 (3 years old).
Condition: This property was built in 2022, making it a brand-new construction. The kitchen features modern white shaker cabinets, white countertops, and new stainless steel appliances. Bathrooms are contemporary with a separate soaking tub and glass-enclosed shower in the primary suite, all with modern fixtures. Flooring is a mix of new laminate and carpet. All systems, including electrical (with an EV charger visible), are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Year Built
2022
Close
-
List price
$495K
Original List price
$520K
Price/Sqft
$297
HOA
$154
Days on market
-
Sold On
-
MLS number
CV25146860
Home ConditionExcellent
Features
Good View: Hills, Lake
Patio
ViewHills, Lake
About this home
Move in ready corner-lot home built in 2022 featuring 3 bedrooms, 2.5 bathrooms, and over 1,600 sq. ft. of living space. It has an open-concept layout filled with natural light. The primary suite offers hill views, a walk-in closet, and a spa-like bath with soaking tub and separate shower. Conveniently located near shopping, dining, and historic downtown Lake Elsinore. Schedule your tour today!
Condition Rating
Excellent
This property was built in 2022, making it a brand-new construction. The kitchen features modern white shaker cabinets, white countertops, and new stainless steel appliances. Bathrooms are contemporary with a separate soaking tub and glass-enclosed shower in the primary suite, all with modern fixtures. Flooring is a mix of new laminate and carpet. All systems, including electrical (with an EV charger visible), are new and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons
Pros
New Construction: Built in 2022, this home offers modern features, minimal immediate maintenance, and is move-in ready.
Corner Lot & Natural Light: Positioned on a corner lot, the property benefits from enhanced natural light and potentially greater privacy.
Premium Primary Suite: The primary suite boasts hill views, a spacious walk-in closet, and a spa-like bath with a soaking tub and separate shower.
Scenic Views: The property enjoys desirable 'Hills, Lake' views, adding to its aesthetic appeal and potential value.
Convenient Location: Strategically located near shopping, dining, and historic downtown Lake Elsinore, offering easy access to amenities.
Cons
Association Fee: A monthly association fee of $154 adds to the recurring cost of homeownership, which may impact affordability for some buyers.
Small Lot Size: The 1,667 sq. ft. lot is relatively small for a 'Single Family Residence,' potentially limiting outdoor space and privacy.
Price Reduction History: Multiple price reductions from the original list price may suggest initial overpricing or a slower market absorption rate, potentially raising questions about market value.