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513 Lookout, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath

513 Lookout, Lake Elsinore, California 92530 home-pic-0
ACTIVE$455,000
513 Lookout, Lake Elsinore, California 92530
3Beds
2Baths
1,254Sqft
8,276Lot
Year Built
1925
Close
-
List price
$455K
Original List price
$455K
Price/Sqft
$363
HOA
-
Days on market
-
Sold On
-
MLS number
DW25270241
Home ConditionExcellent
Features
Good View: Hills, Lake
ViewHills, Lake

About this home

Great Deal:The estimated price is 6% above the list price. We found 4 Cons,6 Pros. Rank: price - $455.0K(8th), sqft - 1254(12th), beds - 3(50th), baths - 2(50th).

Welcome to this beautifully remodeled 3-bedroom, 1.5-bath home, offering 1,254 SqFt of bright and modern living space on an expansive 8,276 SqFt lot. Located in THE HISTORIC DOWNTOWN LAKE ELSINORE AREA, this property features ample parking for 8–10 cars plus room for an RV, providing exceptional convenience and flexibility. The home has been completely rehabbed with high-quality upgrades throughout, including new windows, an updated electrical system, new light fixtures, new vinyl flooring, and new faucets. The kitchen has been tastefully updated with new countertops, giving it a fresh and contemporary feel. With its spacious lot, modern finishes, and generous parking, this move-in ready home is a standout opportunity. Very convenient location so close to the small district centered on Main Street, featuring historic buildings from the late 1800s and early 1900s, including the Armory Hall (oldest building), the Santa Fe Train Station, and the Jean Hayman House in Lake Elsinore and shopping centers and big stores and restaurants. Don’t miss it!

Price History

Date
Event
Price
12/03/25
Listing
$455,000
01/22/10
Sold
$105,000
Condition Rating
Excellent
Despite being built in 1925, this property has undergone a 'complete rehabilitation' and 'extensive modern renovation' as stated in the listing. This includes significant upgrades such as new windows, an updated electrical system, new light fixtures, new vinyl flooring throughout, and new faucets. The kitchen features new white shaker-style cabinets, new laminate countertops, and a new sink, presenting a fresh and contemporary feel. While the bathroom sink appears to be an older model, the overall condition, including fresh paint and updated fixtures, aligns with a property extensively renovated within the last 5 years, making it virtually new and move-in ready with no deferred maintenance.
Pros & Cons

Pros

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 = 8276, living area = 1254.
Extensive Modern Renovation: The home has undergone a complete rehabilitation with high-quality upgrades including new windows, updated electrical, new light fixtures, vinyl flooring, faucets, and a tastefully updated kitchen with new countertops, making it move-in ready.
Generous Lot & Parking: Features an expansive 8,276 SqFt lot with ample parking for 8-10 cars and additional space for RV parking, offering exceptional convenience and flexibility.
Prime Historic Downtown Location: Situated in the historic downtown Lake Elsinore area, providing convenient access to Main Street's historic district, shopping centers, big stores, and restaurants.
Scenic Views: The property boasts desirable views of the surrounding hills and Lake Elsinore, enhancing its aesthetic appeal and potential value.
Move-in Ready Condition: With modern finishes and recent upgrades, the property is presented as move-in ready, minimizing immediate expenses and effort for new owners.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1254, other record living area = 856.
Property Age: Built in 1925, the home's underlying structure is nearly a century old, which, despite renovations, may present potential long-term maintenance considerations not covered by explicit recent upgrades.
Limited Bathroom Count: The property offers 1.5 bathrooms for 3 bedrooms, which may be a limiting factor for larger families or those desiring more private bathroom facilities.
Modest Living Space: At 1,254 SqFt, the interior living space is relatively modest for a 3-bedroom home, which might not meet the needs of buyers seeking more expansive living areas.

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