NOT LISTED FOR SALE

32890 Marie Dr Lake Elsinore, CA 92530

Estimated Value: $298,338 - $378,000

1 Bed
1 Bath
480 Sq Ft
$715/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $425,000 $885 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,045/month

4 Days on Market

Highlights

  • Fishing
  • Lake Privileges
  • Community Fire Pit
  • Lake View
  • Community Lake
  • Two Homes on a Lot

About This Home

As of April 2023

Wonderful lake access opportunity to own two properties for the price of one while bringing in rental income. This listing includes 2 identical 480 sq ft 1 bed 1 bath properties both with their own APNs (381-072-003 and 381-072-002) and utility meters perfect for rental management. Currently front home is rented by tenant on a month to month lease and back home is vacant ready for you to move in, short term vacation rental or long term lease for additional income. Homes are in great condition, back unit has recently been updated with new paint and carpet and full bathroom overhaul featuring a walk in tiled shower stall. Owner would also like to include adjoining vacant lot behind this property which could easily be developed or used as storage or rental space for the total price of $425,000 (APN 381-072-023). These homes are part of a private HOA that provides private lake access at end of the road and only $75 a year. This opportunity will not last, view today!

Last Agent to Sell the Property

Jarred Hanson

BRIX Realty License #01791663 Listed on: 03/22/2023

Last Buyer's Agent

Robert Matilla

Robert Cole Properties License #00954482

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,061

Year Built

  • Built in 1947

Lot Details

  • 1,742 Sq Ft Lot
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • 381072002
  • Property is zoned R-3

HOA Fees

  • $6 Monthly HOA Fees

Property Views

  • Lake
  • Hills

Home Design

  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom | 2 Main Level Bedrooms
  • Upgraded Bathroom
  • 1 Full Bathroom

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Outdoor Features

  • Lake Privileges
  • Patio
  • Outdoor Storage

Additional Homes

  • Two Homes on a Lot

Schools

  • Lakeside High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 65
  • Assessor Parcel Number 381072003
  • $42 per year additional tax assessments

Community Details

Overview

  • Community Lake

Amenities

  • Community Fire Pit
  • Laundry Facilities

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,061

Year Built

Built in 1947

Lot Details

0

HOA Fees

$6 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R-3
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 381072003
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 480.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: In Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 885.42
  • Room Type: All Bedrooms Down
  • Bathroom Features: Upgraded

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Storage, Two On A Lot
  • View: Hills, Lake
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Fire Pit
  • Association Fee: 75.00
  • Association Fee Frequency: Annually
  • Senior Community: No
  • Community Features: Fishing, Lake

Schools

  • School District: Lake Elsinore Unified
  • High School: Lakeside
  • High School: Lakeside
  • High School2: LAKESI

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 381072002
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 1742.00
  • Lot Size Acres: 0.0400

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1742.0000 Square Feet
  • Number Of Units Total: 2
  • Waterfront Features: Lake Privileges

Tax Info

  • Tax Census Tract: 464.02
  • Tax Lot: 19
  • Tax Tract Number: 65-036
  • TaxOtherAnnualAssessmentAmount: 42.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
Apr 7, 2023
Sold by
Abare John Edward Trust
Bought by
Hernandez Salgado- Hector and Hernandez Andrea Andrea
Seller's Agent
Jarred Hanson
BRIX Realty
Buyer's Agent
Robert Matilla
Robert Cole Properties
List Price
$325,000
Sold Price
$425,000
Premium/Discount to List
$100,000
30.77%
Views
28
Current Estimated Value
$343,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,665
Avg. Annual Appreciation
-8.68%

Purchase Details

Closed on
Sep 11, 2014
Sold by
Abare John E
Bought by
Abare John Edward and The John Edward Abare Trust

Purchase Details

Closed on
Nov 10, 2004
Sold by
Abare John E
Bought by
Abare John E

Purchase Details

Closed on
Mar 7, 2002
Sold by
Reece Bryan D
Bought by
Abare John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.78%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Salgado- Hector $425,000 None Listed On Document
Abare John Edward -- None Available
Abare John E -- Ticor Title
Abare John E $105,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abare John E $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $425,000 0.0% $885 / Sq Ft
03/26/2023 03/26/23 Pending -- -- --
03/24/2023 03/24/23 Off Market $425,000 -- --
03/22/2023 03/22/23 For Sale $325,000 -- $677 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,061 $200,276 $60,083 $140,193
2023 $2,061 $46,827 $28,383 $18,444
2022 $517 $45,910 $27,827 $18,083
2021 $508 $45,011 $27,282 $17,729
2020 $503 $44,551 $27,003 $17,548
2019 $494 $43,678 $26,474 $17,204
2018 $485 $42,822 $25,954 $16,868
2017 $476 $41,984 $25,446 $16,538
2016 $460 $41,162 $24,948 $16,214
2015 $455 $40,545 $24,574 $15,971
2014 $443 $39,753 $24,094 $15,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23045990

California Regional Multiple Listing Service (CRMLS)

APN: 381-072-003