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949 Dolly Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

949 Dolly Drive, Lake Elsinore, California 92530 home-pic-0
ACTIVE$599,500
949 Dolly Drive, Lake Elsinore, California 92530
4Beds
3Baths
1,683Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($586,179.285) is $13,320.715 (2%) lower than the list price ($599,500). This property may be overpriced.

Key pros and cons

Top Pros:
No HOA Fees: The absence of HOA fees provides significant cost savings and greater freedom for homeowners, enhancing the property's long-term value proposition.
Top Cons:
Property Age & Potential System Updates: Built in 1982, the property's age suggests that major systems (e.g., HVAC, plumbing, electrical) may be original or older, potentially requiring future maintenance or replacement not covered in the current offering.

Compared to the nearby listings

Price:$599.5K vs avg $586.0K (+$13,476.5)56%
Size:1,683 sqft vs avg 1,876 sqft40%
Price/sqft:$356 vs avg $32168%

More Insights

Built in 1982 (43 years old).
Condition: Built in 1982, this property is well-maintained but shows its age in key areas. While the seller's commitment to replace all flooring is a significant upgrade, the kitchen features dated cabinets, countertops, and lighting, despite some newer stainless steel appliances. The bathrooms also appear to have older fixtures and finishes. Major systems (HVAC, plumbing, electrical) are likely original or older, suggesting potential future updates. The property is functional and livable but requires minor updates to modernize the kitchen and bathrooms.
Year Built
1982
Close
-
List price
$600K
Original List price
$625K
Price/Sqft
$356
HOA
-
Days on market
-
Sold On
-
MLS number
IV25198122
Home ConditionFair
Features
Good View: Hills, Pool
Pool
Patio
ViewHills, Pool

About this home

This spacious 4-bedroom, 2.5-bathroom pool home, set against breathtaking mountain views, offers the perfect blend of comfort and convenience. Best of all, there are no HOA fees! Ideally located just minutes from the lake, shopping centers, and schools, this home promises an unbeatable lifestyle. As you step inside, you'll be greeted by an expansive open floor plan, providing endless possibilities for both relaxing and entertaining. The second level features four sized bedrooms and full bath and master bath. The open-concept kitchen seamlessly flows into the large family room, creating an inviting space for family gatherings or everyday living. Step outside and discover your own private backyard oasis, featuring a gated swimming pool and a spacious covered patio—ideal for hosting summer barbecues or simply unwinding in peace. Don't miss out on this incredible opportunity to own a home that combines spacious living, beautiful surroundings, and a prime location, all without the burden of HOA fees. The seller will replace the flooring before the close of escrow and will offer the buyer flooring samples to ensure the home is customized to their style and move-in ready.

Condition Rating
Fair
Built in 1982, this property is well-maintained but shows its age in key areas. While the seller's commitment to replace all flooring is a significant upgrade, the kitchen features dated cabinets, countertops, and lighting, despite some newer stainless steel appliances. The bathrooms also appear to have older fixtures and finishes. Major systems (HVAC, plumbing, electrical) are likely original or older, suggesting potential future updates. The property is functional and livable but requires minor updates to modernize the kitchen and bathrooms.
Pros & Cons

Pros

No HOA Fees: The absence of HOA fees provides significant cost savings and greater freedom for homeowners, enhancing the property's long-term value proposition.
Private Pool & Outdoor Oasis: The property boasts a private, gated swimming pool and a spacious covered patio, creating an ideal backyard oasis for relaxation, entertaining, and enjoying the California climate.
Prime Location & Views: Ideally situated just minutes from the lake, shopping centers, and schools, the home offers convenience, while also featuring breathtaking mountain views that enhance its appeal.
Seller-Provided Flooring Upgrade: The seller's commitment to replacing the flooring before escrow, with buyer's choice of samples, offers significant value, customization, and ensures a move-in ready condition without immediate renovation costs for the buyer.
Spacious Open Floor Plan: The expansive open floor plan, including an open-concept kitchen seamlessly flowing into a large family room, provides a modern and inviting space for family gatherings and entertaining.

Cons

Property Age & Potential System Updates: Built in 1982, the property's age suggests that major systems (e.g., HVAC, plumbing, electrical) may be original or older, potentially requiring future maintenance or replacement not covered in the current offering.
Listing Price Above Automated Valuation: The current list price of $599,500 is slightly above the automated property estimation of $586,179, which could lead to buyer scrutiny regarding market value or negotiation challenges.
Limited Interior Modernization Details: While new flooring is a significant upgrade, the description lacks specific details on updates to other key interior areas such as bathrooms, kitchen appliances, or other fixtures, which might be expected for a home of this vintage.

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