221 Matich Street, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$489,900
221 Matich Street, Lake Elsinore, California 92530
2Beds
1Bath
1,008Sqft
6,098Lot
Year Built
1963
Close
-
List price
$490K
Original List price
$500K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25191212
Home ConditionExcellent
Features
Good View: City Lights, Hills, Lake
ViewCity Lights,Hills,Lake
About this home
Amazing!!! beautifully Home!!! COMPLETELY REMODELED!!! offering comfort and functionality. 2 bedrooms, 1 bath. Laundry inside. New roof. One-car garage and lots of space in the front and back for more cars with a rear access alley. Two blocks from the Lake. Close to schools, church, shops, Markets and restaurants.
Price History
Date
Event
Price
10/15/25
Price Change
$489,900-2.0%
08/26/25
Listing
$499,999
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (308 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 7% |
| Baths | 1 | 2 | 4% |
| Square foot | 1,008 | 1,830 | 5% |
| Lot Size | 6,098 | 7,405 | 26% |
| Price | $490K | $582K | 13% |
| Price per square foot | $486 | $327 | 96% |
| Built year | 1963 | 2005 | 6% |
| HOA | |||
| Days on market | 71 | 191 | 4% |
Condition Rating
Excellent
Despite being built in 1963, the property has been 'COMPLETELY REMODELED!!!' as stated in the description, and the images confirm an extensive, recent renovation. The kitchen features new white shaker cabinets, modern countertops, a subway tile backsplash, and new stainless steel appliances. The bathroom boasts a new modern vanity, fixtures, and a tiled shower/tub. New laminate flooring extends throughout the home, complemented by fresh paint and recessed lighting. A new roof is also noted. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons
Pros
Extensive Remodel: The property has been completely remodeled, offering modern updates and reducing immediate maintenance concerns for a buyer.
New Roof: A new roof has been installed, addressing a significant capital expense and providing peace of mind for the new homeowner.
Prime Location & Views: Located just two blocks from Lake Elsinore and close to essential amenities (schools, shops, restaurants), the property also boasts desirable City Lights, Hills, and Lake views.
Ample Parking & Access: Features a one-car garage and extensive space in the front and back for additional vehicles, complemented by a convenient rear access alley.
Interior Convenience: The inclusion of an inside laundry area adds a practical and sought-after convenience for daily living.
Cons
Limited Living Space: With only 2 bedrooms and 1 bath across 1008 sqft, the property may not accommodate larger families or those requiring more extensive living areas.
Overpriced Relative to Market: The current listing price is 6% above the estimated property value, potentially making it less competitive in the market.
Recent Price Reduction: A recent price drop from $499,999 to $489,900 could indicate initial overpricing or a struggle to attract buyers at the previous price point.