
Lake Elsinore, California 92530
This 2023 Single-Story Ranch is a Strong Value Opportunity, listed at $500,000—positioned well below the $522,154 Fair Market Value by 4%. This valuation gap offers $22,154 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this turnkey home includes a modern kitchen and open floor plan. Situated on a large cul-de-sac lot with mountain views, it is an ideal choice for first-time buyers or owner-occupants seeking a modern, low-maintenance lifestyle in the Lake Elsinore Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 Lookout Street Subject 4 bd · 2 ba · 1,511 sqft · $346 | $500,000* List Price | 4 | 2 | 1,511 | $346 | - |
A 406 Lookout Sold 2 bd · 2 ba · 1,336 sqft · $337 · 0.2 mi | $450,000 | 2 | 2 | 1,336 | $337 | 0.2 mi |
B 206 Silver Sold 3 bd · 2 ba · 1,950 sqft · $310 · 0.9 mi | $605,000 | 3 | 2 | 1,950 | $310 | 0.9 mi |
C 500 Enzo Sold 3 bd · 3 ba · 1,667 sqft · $327 · 0.7 mi | $545,000 | 3 | 3 | 1,667 | $327 | 0.7 mi |
D 760 Park Way Active 3 bd · 3 ba · 1,615 sqft · $402 · 0.9 mi | $649,900 List Price | 3 | 3 | 1,615 | $402 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it nearly brand new and well within the 'Excellent' age criteria. The interior features a modern kitchen with stainless steel appliances, custom tile backsplash, and new vinyl plank flooring. All major systems, including HVAC and electrical, are less than two years old, ensuring mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1511.
As a recently built single-story ranch, the home offers contemporary energy efficiency and turn-key finishes, including vinyl plank flooring, recessed lighting, and stainless steel appliances.
Situated at the end of a quiet cul-de-sac, the 7,405 sq ft lot provides enhanced privacy, mountain views, and significant utility with potential for RV parking.
The backyard is currently a 'blank slate,' which will require the buyer to invest additional time and capital to complete landscaping or outdoor amenities.
With four bedrooms distributed across 1,511 square feet, individual room dimensions may feel constrained compared to homes with a lower bedroom-to-square-footage ratio.
Absolutely Gorgeous!! This incredible 2023 single-story ranch style home sits at the end of an amazing cul-de-sac. It is nestled near the beautiful and highly coveted historic downtown area of Lake Elsinore which provides relaxed style living and beautiful aesthetics. Situated on over 7,000 sq ft and showcasing spectacular views, spaciousness, and privacy, you will absolutely love the uniqueness this lot and location have to offer. The home is positioned off the street and has an amazing front yard, RV parking potential, spacious backyard with a blank slate ready for your pool, toys, games, & imagination, lastly a large 2 car garage. The home is equally amazing and meticulously cared for. Pride of ownership permeates this house as it boasts many upgrades and amenities such as bright and open floor plan, beautiful vinyl plank and carpet flooring, baseboards, tall ceilings, ceiling fans, recessed lighting, huge kitchen with a lot of cabinets, plentiful countertops and custom tile backsplash, stainless steel appliances, pantry, pendant lighting, master bedroom with huge closet, large bedrooms, the entertainer's delight backyard large enough for pool parties, games, entertaining friends and family, BBQing and so much more. Words and pictures can never convey the beauty this home and neighborhood have to offer, come and see for yourself!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,511 | 2,014.188 |
| Lot Size | 7,405 | 7,537.856 |
| Price | $500.0K | $605.8K |
| Price per sq ft | $331 | $297 |
| Built year | 2023 | 2005 |
| HOA | $0 | $143 |
| Days on market | 19 | 70 |
Oct 6, 2026
$500,000
Initial Listing
Jul 30, 2021
$45,000
Public Record
Sep 26, 2016
$22,000
Public Record
Dec 13, 2005
$85,000
Public Record
Jul 1, 2004
$22,000
Public Record