15108 Lighthouse Lane, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
ACTIVE$680,000
15108 Lighthouse Lane, Lake Elsinore, California 92530
4Beds
3Baths
2,505Sqft
5,662Lot
Year Built
2002
Close
-
List price
$680K
Original List price
$680K
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
SW25099479
Home ConditionFair
Features
Good View: Hills, Lake, Mountain(s)
Deck
Patio
ViewHills, Lake, Mountain(s)
About this home
Possibly Over-Priced:The estimated price is 41% below the list price. We found 3 Cons,5 Pros. Rank: price - $680.0K(85th), sqft - 2505(82th), beds - 4(53th), baths - 3(52th).
This beautiful 4-bedroom, 2.75-bath home, built in 2002, offers spacious living with approx 2,505 square feet of space on a 5,662-square-foot lot. The double-story design includes a loft upstairs with a built-in desk, a laundry room on the upper level. The primary bedroom features a stunning lake view, and the backyard boasts a pond, gazebo and patio cover, and a perfect balcony perfect for relaxing. Located in a desirable area with no HOA and low taxes, this model home also includes a two-car garage.
Condition Rating
Fair
Built in 2002, this home is 22 years old. While appearing well-maintained, the kitchen features (white appliances, tile countertops) and bathroom finishes (dated wallpaper, carpet in bathrooms, tile countertops) are significantly outdated. These areas would require cosmetic updates to meet current buyer expectations and modern aesthetic standards, placing the property in the 'Fair' condition category.
Pros & Cons
Pros
Panoramic Lake Views: The primary bedroom and the property itself offer stunning lake views, significantly enhancing its appeal and potential resale value.
No HOA & Low Taxes: The absence of Homeowners Association (HOA) fees and reported low taxes provide a substantial financial benefit, reducing monthly ownership costs for buyers.
Spacious and Functional Floor Plan: With 2,505 square feet, 4 bedrooms, 2.75 baths, an upstairs loft with a built-in desk, and an upper-level laundry room, the home offers ample and practical living space.
Attractive Outdoor Amenities: The backyard boasts a pond, gazebo, and patio cover, complemented by a relaxing balcony, creating inviting spaces for outdoor enjoyment and entertaining.
Relatively Modern Construction & Desirable Area: Built in 2002, the home is relatively modern, located in a desirable area, and was originally a 'model home,' suggesting quality construction for its era.
Cons
Significant Valuation Discrepancy: The property's estimated value ($400,859) is considerably lower than the listing price ($680,000), which could raise concerns about overpricing and potentially impact buyer interest or financing.
Modest Lot Size: The 5,662 square foot lot is relatively modest for a home of this size (2,505 sqft), potentially limiting extensive outdoor activities or appeal for buyers desiring larger private grounds.
Potential for Dated Interior Finishes: As a 2002 build, while originally a model home, some interior finishes and systems may be original and could require updates to align with contemporary tastes and efficiency standards, incurring additional costs for a buyer.