28655 Red Gum Drive, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 2 bath
ACTIVE$290,000
28655 Red Gum Drive, Lake Elsinore, California 92532
3Beds
2Baths
1,056Sqft
9,583Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Large Lot Size: The property boasts a generous 9,583 sqft lot, providing ample outdoor space and potential for expansion or additional features.
Top Cons:
Manufactured Home Status: As a manufactured home, it may face limitations in financing options, long-term appreciation, and perceived value compared to traditional stick-built residences.
Compared to the nearby listings
Price:$290.0K vs avg $630.0K ($-340,000)1%
Size:1,056 sqft vs avg 2,541 sqft1%
Price/sqft:$275 vs avg $25566%
More Insights
Built in 1985 (40 years old).
Condition: The property, a manufactured home built in 1985, is explicitly described as 'ready for remodel' and 'sold as-is,' indicating significant deferred maintenance. The exterior image reveals a severely damaged roof with missing shingles and exposed underlayment, suggesting major structural and weatherproofing issues. The overall appearance of the property and yard points to extensive neglect. While no interior images are provided, the exterior condition and description strongly imply that the kitchen, bathrooms, and other interior components would require substantial repairs and rehabilitation, consistent with a 'poor' rating.
Year Built
1985
Close
-
List price
$290K
Original List price
$290K
Price/Sqft
$275
HOA
-
Days on market
-
Sold On
-
MLS number
SW25091892
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Check this out! Great location! Low taxes and close to freeways and shopping, dining. Ready for remodel or a new home with large lot. Use as an empty canvas for your customization! Sold as-is. Manufacture home with 3 beds and 2 baths on large lot.
Condition Rating
Poor
The property, a manufactured home built in 1985, is explicitly described as 'ready for remodel' and 'sold as-is,' indicating significant deferred maintenance. The exterior image reveals a severely damaged roof with missing shingles and exposed underlayment, suggesting major structural and weatherproofing issues. The overall appearance of the property and yard points to extensive neglect. While no interior images are provided, the exterior condition and description strongly imply that the kitchen, bathrooms, and other interior components would require substantial repairs and rehabilitation, consistent with a 'poor' rating.
Pros & Cons
Pros
Large Lot Size: The property boasts a generous 9,583 sqft lot, providing ample outdoor space and potential for expansion or additional features.
Prime Location & Accessibility: Strategically located with low taxes and close proximity to freeways, shopping, and dining, enhancing convenience and desirability.
City Lights View: Features a desirable city lights view, adding aesthetic appeal and potential value to the property.
Affordable Entry Point: Listed at $290,000, it presents an accessible price point for a 3-bedroom, 2-bathroom property in the region, appealing to budget-conscious buyers.
Customization Potential: Described as an 'empty canvas' ready for remodel or a new home, offering significant opportunity for buyers to personalize and add value.
Cons
Manufactured Home Status: As a manufactured home, it may face limitations in financing options, long-term appreciation, and perceived value compared to traditional stick-built residences.
Sold As-Is Condition: The property is sold 'as-is,' indicating that buyers should anticipate immediate and potentially significant investment for repairs, upgrades, or a full remodel.
Requires Extensive Renovation: Explicitly stated as 'ready for remodel,' implying the current condition necessitates substantial work to meet modern standards or buyer preferences, adding to upfront costs.