961 Park, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 1 bath
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Lake Elsinore, California 92530
This Single Family Residence represents a Strong Value Opportunity, listed at $499,000—positioned well below the $508,336 Fair Market Value by 2%. This valuation gap offers $9,336 in Instant Equity. Featuring a Condition Rating of 2 with a modernized kitchen and updated flooring, the home offers a functional open floor plan. Its proximity to the lake and the Lake Elsinore Unified school district provides long-term stability. This property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a move-in ready asset.
Property is new construction or fully renovated.
While built in 1978, the property has undergone a comprehensive recent renovation (likely within the last 5 years). The kitchen is fully modernized with white shaker cabinets, stone countertops, and stainless steel appliances. The bathroom features updated fixtures and a clean surround, and the living areas show updated tile flooring and modern lighting. The backyard is also well-maintained with recent artificial turf and hardscaping.
The property is ideally situated in close proximity to Lake Elsinore, local schools, and major freeways, offering excellent accessibility and lifestyle convenience.
Featuring a single-story, open floor plan, the home maximizes its square footage to create an inviting and versatile living space.
Priced under $500,000, this residence serves as an ideal entry point for first-time homebuyers looking to build equity in the Southern California market.
With only one bathroom for a three-bedroom home, the property may face functional challenges for larger families or multi-resident households.
Built in 1978 and marketed as a home that needs to be 'made into a home,' the property likely requires capital investment for modern upgrades and repairs.
Beautiful 3 bedrooms, 1 bath Home in Lake Elsinore. Great opportunity for the first time home buyer looking for a house that can be made into a home. This single story home offers an open floor plan. Close proximity to lake, schools, and freeways! Come see what Lake Elsinore has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,056 | 1,973 |
| Lot Size | 4,792 | 6,970 |
| Price | $499.0K | $601.5K |
| Price per sq ft | $473 | $293 |
| Built year | 1978 | 2004 |
| HOA | $0 | $146 |
| Days on market | 13 | 64 |
Jul 9, 2026
$499,000
Initial Listing
Dec 23, 2024
$440,000
Public Record
Mar 24, 2022
$400,000
Public Record
Dec 23, 2021
$285,000
Public Record