33111 Baldwin Boulevard, Lake Elsinore, California 92530, Lake Elsinore, - bed, bath
ACTIVE$443,000
33111 Baldwin Boulevard, Lake Elsinore, California 92530
2Beds
1Bath
792Sqft
5,227Lot
Year Built
1977
Close
-
List price
$443K
Original List price
$450K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
DW25091912
Home ConditionFair
Features
Good View: Lake
ViewLake
About this home
THIS IS A "ZONING R-3 PROPERTY DIFFICULT TO FIND IN CITY OF LAKE ELSINORE. NEW LISTING. LEGAL 2 BEDROOMS & 1 BATH PROPERTY. SEPARATED LIVING ROOM, DINING ROOM. PHYSICALLY ARE 4 BEDROOMS INSIDE THE HOME. NICE HOME PRICED TO SELL. LAUNDRY ROOM WAS CONVERTED TO GOOD SIZE BEDROOM (CAN BE A FOURTH ROOM) ALSO HAS A SEPARATE OUTSIDE GUEST ROOM OR GAME ROOM. HAS A LOT OF POTENTIAL ONLY NEEDS LOVE. "ESPECIALLY FOR A BIG FAMILY". CLOSE TO THE LAKE, SHOPPING & STORES. PANEL SOLAR ON THE PROPERTY ASSUMABLE BY NEW BUYERS WITH ONLY $180.00 PER MONTH WITH NO EDISON BILL GREAT WAY TO SAVE ON ELECTRIC BILL. A LOT PARKING SPACE. CORNER LOT. SELLER VERY MOTIVATED AND IS OPEN TO HEAR REASONABLE OFFERS. BUYERS/BUYERS AGENT TO CONDUCT THEIR OWN VERFICATION.
Nearby schools
3/10
Lakeland Village School
Public,•K-8•1.4mi
6/10
Canyon Lake Middle School
Public,•6-8•5.5mi
5/10
Lakeside High School
Public,•9-12•3.0mi
Price History
Date
Event
Price
08/29/25
Price Change
$443,000
04/25/25
Listing
$450,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (308 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 7% |
| Baths | 1 | 2 | 4% |
| Square foot | 792 | 1,830 | 1% |
| Lot Size | 5,227 | 7,405 | 17% |
| Price | $443K | $582K | 8% |
| Price per square foot | $559 | $327 | 98% |
| Built year | 1977 | 2005 | 12% |
| HOA | |||
| Days on market | 194 | 192 | 51% |
Condition Rating
Fair
Built in 1977, this property is 47 years old and shows signs of its age. The description states it 'needs love,' which aligns with the visible dated features such as the popcorn ceilings and older tile flooring throughout the living areas and bedrooms. While the exterior appears maintained and solar panels are a positive addition, the lack of kitchen and bathroom photos, combined with the overall dated aesthetic, suggests these key areas likely require significant updates. The property is functional and livable, but substantial cosmetic and possibly some system updates are needed to bring it to modern standards, fitting the 'fair' condition criteria.
Pros & Cons
Pros
R-3 Zoning & Development Potential: The property boasts a rare R-3 zoning designation, offering significant potential for future expansion, multi-unit development, or increased density, which is difficult to find in Lake Elsinore.
Functional Living Space: While legally a 2-bedroom, 1-bath, the home physically offers 4 bedrooms, including a converted laundry room and a separate outside guest/game room, providing ample flexible space for a larger family.
Cost-Saving Solar System: An assumable solar panel system with a low monthly payment of $180 virtually eliminates the Edison bill, offering substantial long-term savings on utility costs for the new owner.
Desirable Location & Lot Features: Situated on a corner lot with abundant parking, the property benefits from its proximity to the lake, shopping centers, and stores, enhancing convenience and lifestyle.
Motivated Seller & Value Opportunity: The seller is highly motivated and open to reasonable offers, as evidenced by the recent price reduction from the original list price, presenting a potential value acquisition for buyers.
Cons
Legal Bedroom/Bathroom Discrepancy: The property's legal count of 2 bedrooms and 1 bathroom is significantly lower than its physical configuration, which could pose challenges for financing, appraisals, or buyer expectations.
Compact Interior Square Footage: With only 792 square feet of living space, the interior is quite compact, especially considering the physical layout of 4 bedrooms, which may feel cramped for some buyers.
Age and Condition: Built in 1977 and described as needing 'love,' the property likely requires updates, renovations, or repairs to modernize its systems and aesthetics, representing an additional investment for the buyer.