15660 Lake Ridge Road, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath

15660 Lake Ridge Road, Lake Elsinore, California 92530 home-pic-0
ACTIVE$590,000
15660 Lake Ridge Road, Lake Elsinore, California 92530
4Beds
3Baths
1,782Sqft
4,792Lot
Year Built
1987
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
SW24251373
Home ConditionFair
Features
Good View: Lake, Mountain(s)
ViewLake, Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $590.0K(51th), sqft - 1782(48th), beds - 4(53th), baths - 3(52th).

This four-bedroom, three-bathroom home offers approximately 1,782 square feet of living space. The property features a well-designed floor plan with ample room for comfortable living. The primary bedroom is a spacious retreat, providing a peaceful and private sanctuary. The additional three bedrooms offer versatile spaces that can accommodate a variety of needs, such as a home office or guest room. The three bathrooms are tastefully appointed and provide convenient access. The home's square footage allows for flexible and efficient use of the available space. The property presents an opportunity for a motivated buyer seeking a comfortable and functional living environment. Super low taxes paid off Solar and no HOA. Newly painted inside and outside. New Landscaping!

Condition Rating
Fair

The property was built in 1987, making it 37 years old. While the description notes recent cosmetic updates such as new interior/exterior paint and new landscaping, the images reveal that the kitchen and bathrooms are largely outdated. The kitchen features white tiled countertops, older white cabinets (likely painted), and black appliances, which are functional but not modern. The bathrooms also appear clean and functional but with older fixtures and basic finishes. The flooring in common areas is an older style ceramic tile, though one bedroom shows newer LVP. Overall, the home is well-maintained but shows its age in key areas, requiring minor updates to meet current aesthetic standards.
Pros & Cons

Pros

Financial Advantages: The property boasts significant financial benefits including paid-off solar panels, super low taxes, and no HOA fees, leading to lower monthly ownership costs.
Desirable Views: Enjoy picturesque views of both the lake and surrounding mountains, enhancing the property's appeal and providing a serene living environment.
Recent Cosmetic Updates: The home has been newly painted inside and outside, and features new landscaping, contributing to excellent curb appeal and a move-in ready condition.
Functional Floor Plan: A well-designed floor plan offers ample room for comfortable living, including a spacious primary bedroom and versatile additional bedrooms suitable for various needs.
Bedroom and Bathroom Count: With 4 bedrooms and 3 bathrooms, the property provides a generous and practical layout, accommodating families or those needing extra space.

Cons

Potential Overpricing: The listing price of $590,000 is significantly higher than the estimated property value of approximately $422,620, suggesting it may be overpriced relative to current market valuations.
Age of Property: Built in 1987, the property is 37 years old, which may indicate older systems and components that could require future maintenance or upgrades.
Limited Detailed Interior Upgrades: While cosmetic updates like paint are mentioned, the description lacks specific details on major interior renovations (e.g., kitchen, bathroom remodels), which might be a consideration for buyers seeking modern finishes.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state