15556 Orange Street, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$499,000
15556 Orange Street, Lake Elsinore, California 92530
3Beds
2Baths
1,483Sqft
4,792Lot
Year Built
1989
Close
-
List price
$499K
Original List price
$515K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW25237756
Home ConditionFair
Features
Good View: Hills, Lake, Neighborhood, Peek-A-Boo
Deck
Patio
ViewHills, Lake, Neighborhood, Peek-A-Boo

About this home

Welcome to this light and bright, single-level home in Lake Elsinore featuring 3 bedrooms and 2 full baths. The inviting open floorplan creates a seamless flow between the living room, dining area, and kitchen, showcasing granite countertops and custom-painted cabinets, in an efficiently designed space — perfect for both everyday living and entertaining. Step outside to a huge covered deck where you can relax or host gatherings while enjoying peekaboo views of the lake. There are no neighbors at the front of the property offering peace and privacy. Additional highlights include a 2-car garage, low-maintenance landscaping, and a spacious front courtyard with privacy fencing. This is a prime location with easy access to Ortega Highway and Interstate 15. You’ll be close to restaurants, shopping, recreation, and more — everything you need for convenient and comfortable living. Low property tax and no HOA. Come see why this home is the perfect blend of charm, comfort, and location!

Price History

Date
Event
Price
11/04/25
Price Change
$499,000-3.1%
10/17/25
Listing
$515,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (308 Listings)
Beds33
50%
Baths22
50%
Square foot1,4831,830
28%
Lot Size4,7927,405
13%
Price$499K$582K
15%
Price per square foot$336$327
55%
Built year19892005
31%
HOA
Days on market19191
0%
Condition Rating
Fair

The property was built in 1989, making it 35 years old. While the description mentions granite countertops and custom-painted cabinets in the kitchen, and the images show some cosmetic updates like the fireplace surround and barn door, the overall style of the kitchen (green painted cabinets, standard appliances) and particularly the bathroom (dated vanity, fixtures, and tile) indicates that it has not undergone a full, recent renovation. The home appears well-maintained with functional systems, but many components show signs of being outdated, aligning with the 'Fair' category for a property of this age with only occasional updates.
Pros & Cons

Pros

Cost-Effective Ownership: The property benefits from low property taxes and no HOA fees, significantly reducing monthly ownership costs and enhancing affordability.
Modern Open Floorplan & Upgraded Kitchen: Features an inviting open floorplan with a seamless flow, complemented by an efficiently designed kitchen with granite countertops and custom-painted cabinets.
Enhanced Outdoor Living & Privacy: Offers a huge covered deck, a spacious front courtyard with privacy fencing, and no front neighbors, providing excellent private outdoor space for relaxation and entertaining.
Strategic Location & Accessibility: Situated in a prime location with easy access to Ortega Highway and Interstate 15, and close proximity to restaurants, shopping, and recreation.
Potential for Value & Desirable Features: The property's estimated value is higher than the current list price, combined with desirable 'peekaboo' lake views and a convenient single-level layout, offering strong appeal.

Cons

Age of Property & Systems: Built in 1989, the property may have original systems (e.g., HVAC, roof, water heater) that could be nearing the end of their lifespan, potentially requiring future maintenance or replacement.
Moderate Size: With 1483 sqft of living space and a 4792 sqft lot, the property offers moderate dimensions, which might be a limitation for buyers seeking larger homes or expansive yards.
Recent Price Reduction: The recent price drop from $515,000 to $499,000 could indicate initial overpricing or market resistance, potentially prompting buyers to question the property's true market value or negotiate further.

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