17162 Grand Avenue, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath

home-pic
ACTIVE$850,000
17162 Grand Avenue, Lake Elsinore, California 92530
5Beds
5Baths
3,304Sqft
30,492Lot
Year Built
1981
Close
-
List price
$850K
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW24110679
Home ConditionFair
Features
Good View: City Lights, Hills, Lake, Mountain(s), Neighborhood
Deck
ViewCity Lights,Hills,Lake,Mountain(s),Neighborhood

About this home

Two lakefront homes on two separate parcels. First home is 17170 Grand Avenue. This is a unique one of a kind Tri-level home built for lake views. 3 bedrooms including a very large primary bedroom, 2 full bathrooms, 2 bay windows overlooking incredible lake views from living room and breakfast counter in kitchen. Master bedroom in lower level has a circular staircase and it's own outside entrance. 3/4 inch solid oak flooring just refinished in living room. This home was built in the 1920's with upgraded plumbing and electrical. 2 car enclosed garage with walk in attic and a 2 car carport. Second home is 17162 Grand Avenue. This home features 2 levels, each with their own entrance. Upstairs features 3 bedrooms or 2 bedrooms and a dining room, walk in closets, 2 bathrooms, fireplace, large balcony facing the lake, living room with large window to enjoy the lake views. Balcony in primary bedroom with sliding door. Downstairs has 3 rooms, one which formally was a 2nd kitchen with all the plumbing still there. Fireplace and a single car garage. Large R.V. carport in the front yard and 2 roomy sheds. Property has a high entry gate with remote control. This lake front compound has plenty of room and unlimited possibilities. For both houses there are 7 bedrooms ( 2 without closets) and 5 bathrooms.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds50
30%
Baths50
30%
Square foot3,3042,069
80%
Lot Size30,4927,405
90%
Price$850K$561K
80%
Price per square foot$257$290.5
40%
Built year19819880989
90%
HOA
Days on market523217
90%
Condition Rating
Fair

The property consists of two homes. The main house at 17162 Grand Ave was built in 1981. The images show that the property has aged and requires some updates. The kitchen and bathrooms appear functional but outdated. The overall condition suggests regular upkeep but no major recent renovations. The second home was built in the 1920's and has had upgraded plumbing and electrical.
Pros & Cons

Pros

Lakefront Property: Two homes on two separate parcels directly on Lake Elsinore, offering direct lake access and views.
Income Potential: The property is zoned as Residential Income (Duplex), providing immediate rental income opportunities from both homes.
Multiple Units: Two separate homes provide flexibility for various living arrangements, including renting one and living in the other, or accommodating extended family.
View Property: The property boasts views of the lake, city lights, hills, and mountains, enhancing its desirability.
Large Lot: The property sits on a large 30,492 sqft lot, offering ample outdoor space and potential for expansion or additional amenities.

Cons

Age and Condition: One home was built in the 1920s and the other in 1981, suggesting potential for deferred maintenance and the need for updates or renovations.
Varied Finishes: The two homes have different styles and finishes, which may not appeal to all buyers seeking a cohesive property.
Bedrooms without Closets: Two of the seven bedrooms lack closets, potentially reducing their functionality and appeal.

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