53023 Cressida, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 5 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $685,000—positioned well below the $749,723 Fair Market Value by 8%. This valuation gap offers $64,723 in Instant Equity for the buyer. Featuring a Mint Condition Rating following a recent comprehensive remodel, the home includes premium vinyl flooring and a modern kitchen. With 3,490 sq ft and a private backyard, it offers a turnkey lifestyle for Owner-Occupants or growing families seeking established community amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 53023 Cressida Subject | $685,000* List Price | 5 | 3 | 3,490 | $215 | - |
A 53185 Odyssey Sold | $745,000 | 5 | 4 | 3,613 | $206 | 0.5 mi |
B 41048 Sunsprite Street Sold | $725,000 | 4 | 3 | 3,242 | $224 | 0.5 mi |
C 41013 Sunsprite St Sold | $670,000 | 5 | 4 | 3,613 | $185 | 0.7 mi |
D 53085 Memorial Street Sold | $617,000 | 5 | 3 | 3,242 | $190 | 0.5 mi |
E 45002 Thalia Lane Sold | $703,500 | 5 | 3 | 3,081 | $228 | 0.7 mi |
F 41307 Wizard Court Sold | $635,000 | 5 | 3 | 2,523 | $252 | 0.5 mi |
G 52997 Carrousel Court Active | $678,000 List Price | 5 | 3 | 3,206 | $211 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2007, the property underwent a comprehensive remodel within the last 2 years, meeting the criteria for a recent renovation. Updates include new premium vinyl plank flooring, fresh modern paint, upgraded recessed lighting, and new kitchen countertops with stainless steel appliances, placing it in mint, move-in ready condition.
Extensively remodeled within the last two years, the home features premium vinyl plank flooring, new kitchen countertops, and updated lighting, offering a turnkey, move-in-ready experience.
With nearly 3,500 square feet, five bedrooms, and a three-car garage, this property provides exceptional scale and versatility for large families or multigenerational living.
Situated on an oversized lot with no rear neighbors directly behind, the property offers a rare level of privacy and tranquility within the desirable Rosetta Canyon community.
The assigned middle school currently holds a lower performance rating compared to the elementary and high schools, which may be a concern for education-focused buyers.
While located near the 15 freeway, residents often face significant traffic congestion during peak hours when commuting to major employment hubs in Orange County or Riverside.
Welcome to 53023 Cressida St in the highly desirable Rosetta Canyon community of Lake Elsinore — a beautifully updated and spacious 5-bedroom, 3-bathroom home offering nearly 3,500 sq ft of living space on an oversized lot. Recently remodeled within the last 2 years, this move-in ready home features premium vinyl plank flooring throughout, fresh modern interior finishes, upgraded recessed lighting, and newly replaced kitchen countertops that perfectly complement the expansive open-concept kitchen with abundant cabinetry, stainless steel appliances, walk-in pantry, and oversized dining and living areas ideal for entertaining. The functional floor plan offers generous bedrooms, large bathrooms, and versatile living spaces perfect for multigenerational living, working from home, or growing families. The spacious primary suite includes room for a retreat, office, or sitting area. Outside, enjoy a private backyard with no rear neighbors directly behind, mature landscaping, and excellent curb appeal with a 3-car garage and wide driveway. Located in the sought-after Rosetta Canyon neighborhood, residents enjoy nearby parks, hiking trails, sports courts, and access to top commuter routes including the 15 freeway. The home is also close to shopping, dining, Costco, Lake Elsinore Outlets, and highly regarded Temescal Canyon High School programs. Lake Elsinore continues to grow as one of Southern California’s most affordable lifestyle communities, offering easy access to Orange County, Temecula Wine Country, and outdoor recreation around the lake and surrounding hills. A rare opportunity to own a large upgraded home in one of Lake Elsinore’s most established neighborhoods.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 2.9 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 71% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,490 | 2,533 | 91% |
| Lot Size | 8,276 | 6,970 | 64% |
| Price | $685.0K | $635.0K | 77% |
| Price per sq ft | $196 | $261 | 6% |
| Built year | 2007 | 2006 | 51% |
| HOA | $78.0 | $134 | 20% |
| Days on market | 25 | 191 | 2% |
May 21, 2026
$685,000
Initial Listing
Sep 10, 2013
$310,000
Public Record
Mar 30, 2010
$200,000
Public Record
Aug 28, 2007
$390,000
Public Record