15157 Lincoln St, Lake Elsinore, CA 92530 - View 1
15157 Lincoln St, Lake Elsinore, CA 92530 - View 2
15157 Lincoln St, Lake Elsinore, CA 92530 - View 3
15157 Lincoln St, Lake Elsinore, CA 92530 - View 4

15157 Lincoln St, Lake Elsinore, CA 92530

Sale Price: $550,000
Oct 6, 20241,432 sqft3 beds2 baths
Listed by: MICHAEL NG
License #: 01249706
Phone #: 626-734-2721
IDEAL REALTY
Source:
CRMLS Logo
MLS #: WS24207180

Property Description

Investors! Investors! Introducing a charming residence wrapped in the picturesque landscape of Lake Elsinore. Walking distance to the lake and minutes from the 15 freeway, this 1,432 sqft. house, with its 3 bedrooms and 1.5 bathrooms, boasting almost 26,000 sq ft. lot offers a canvas ripe for the discerning creative eye. Freshly fitted with new flooring, the interiors are mere footsteps from becoming a masterpiece. A fireplace awaits those cold winter nights, and while the heater and kitchen may need some upgrading, the potential for this property is endless. Imagine transforming the expansive property's ample 26,000 square feet lot, inviting your investment and/or landscaping artistry. Here is the space for potential ADUs or new-builds across the backyard. Utilize the space to bloom tranquil gardens or establish a vibrant playground under the Californian sun, or even integrate extravagant amenities such as an in-ground pool or an alfresco dining pavilion. For the interior 1,432-square-foot layout—base your endeavors on the home’s robust renovation potential. Whether you're a craftsman at heart or an alteration enthusiast, the very structure eagerly awaits its metamorphosis. Enhance the attic into an artist's alcove or a writer’s retreat. Descend into the basement—ideal for refining into a home cinema or a safety storage space. With the tranquil Lake Elsinore just nearby, envision serene mornings spent by the water, returning to the comfort of your personalized abode. Nearby, educational institutions like Lakeside High School and Machado Elementary anchor the community, while local attractions like the Launch Pointe Recreation Destination beckon for weekend adventures. Indulge in the delightful flavors of the nearby El Comal, satisfy your BBQ cravings at Jack’s Bar-B-Q, or fetch your essentials at the proximate Albertsons. This property is not merely a home but a foundation for your dreams and definition of luxury. A perfect blend of possibility and promise, tailored for those who see not only what is but what can be. Welcome, investor aficionados: Are you ready to leave your legacy in Lake Elsinore? Property to be sold in as-is condition. Buyer to do their own due diligence. Please give at least 2 hours notice for showing.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$7,494

TurboHome Estimated Value

$529,300

$370 sqft

High Valuation
$555,765
$388/sqft
Normal Valuation
$529,300
$370/sqft
Low Valuation
$502,835
$351/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$370/sqft$529,300

Neighborhood

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Comparative Value

$410K

$470K

$549K

$559K

31772 Via Valdez St, Lake Elsinore, CA 92530

Sale Price: $410,000

Selected Comparable

901 Diane Way, Lake Elsinore, CA 92530

Sale Price: $470,000

Selected Comparable

15178 Lincoln St, Lake Elsinore, CA 92530

Sale Price: $549,000

Selected Comparable

15157 Lincoln St, Lake Elsinore, CA 92530

Sale Price: $550,000

Selected Comparable

3601 Lake Crest Dr, Lake Elsinore, CA 92530

Sale Price: $550,000

Selected Comparable

15157 Lincoln St, Lake Elsinore, CA 92530

List Price: $559,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
15157 Lincoln St, Lake Elsinore, CA 92530

15157 Lincoln St, Lake Elsinore, CA 92530

List: $559,000

Listed: 10/6/2024

Area:1,432 sqft
Price/sqft:$390
Beds:3
Baths:2
Year Built:
Lot Size:25,700

Comparable Properties

COMPARABLE
Choose comps
31772 Via Valdez St, Lake Elsinore, CA 92530

31772 Via Valdez St, Lake Elsinore, CA 92530

Sale: $410,000

6/10/20250.12 mi

Area:1,440 sqft
Price/sqft:$285
Beds:3
Baths:2
Year Built:
Weight:21.3%
15178 Lincoln St, Lake Elsinore, CA 92530

15178 Lincoln St, Lake Elsinore, CA 92530

Sale: $549,000

7/3/20250.08 mi

Area:1,336 sqft
Price/sqft:$411
Beds:3
Baths:2
Year Built:
Weight:20.9%
15157 Lincoln St, Lake Elsinore, CA 92530

15157 Lincoln St, Lake Elsinore, CA 92530

Sale: $550,000

10/31/20240.00 mi

Area:1,432 sqft
Price/sqft:$384
Beds:3
Baths:2
Year Built:
Weight:20.0%
901 Diane Way, Lake Elsinore, CA 92530

901 Diane Way, Lake Elsinore, CA 92530

Sale: $470,000

4/11/20250.20 mi

Area:1,302 sqft
Price/sqft:$361
Beds:3
Baths:2
Year Built:
Weight:19.4%
3601 Lake Crest Dr, Lake Elsinore, CA 92530

3601 Lake Crest Dr, Lake Elsinore, CA 92530

Sale: $550,000

3/18/20250.21 mi

Area:1,220 sqft
Price/sqft:$451
Beds:3
Baths:2
Year Built:
Weight:18.4%

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