NOT LISTED FOR SALE

551 Lake St Lake Elsinore, CA 92530

Riverview Neighborhood

Estimated Value: $445,000 - $475,616

2 Beds
1 Bath
1,344 Sq Ft
$341/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $380,000 $283 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,866/month

81 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Bonus Room
  • Lake View
  • Main Floor Bedroom
  • No HOA

About This Home

As of October 2022

GREAT 2 BEDROOM HOME WITH A LARGE BONUS ROOM previously used as 3rd and 4th bedroom. New Flooring and fresh paint. Walking distance to Elsinore Elementary School, lake and parks! Mountain and lake views from main house windows. No neighbors across the street. Close to 15 Freeway and Diamond Stadium!! Lot square footage includes lot next door included in sale. Lots of room to add ADU or JADU. Property has access from both Lake St and Acacia St with gates on both streets. Plenty of on site parking

Last Agent to Sell the Property

Nick Gallegos

Nick Gallegos, Broker License #00775244 Listed on: 07/07/2022

Last Buyer's Agent

Patrick Camp

Greene Light Realty Services License #02082133

Greene Light Realty Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,317

Year Built

  • Built in 1973

Lot Details

  • 10,019 Sq Ft Lot
  • Wood Fence
  • No Landscaping
  • 373173006
  • Property is zoned R-2

Property Views

  • Lake
  • Mountain

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Bonus Room

Kitchen

  • Eat-In Kitchen
  • Gas Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Parking

  • Parking Available
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Shed

Utilities

  • Evaporated cooling system
  • Central Air
  • Space Heater
  • Natural Gas Connected
  • Water Heater
  • Conventional Septic

Listing and Financial Details

  • Legal Lot and Block 6 / 8
  • Assessor Parcel Number 373173014
  • $451 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Community Lake

Recreation

  • Golf Course Community
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,317

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R-2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 373173014
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1344.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 282.74
  • Room Type: Bonus Room, Kitchen, Living Room, Main Floor Bedroom
  • Bathroom Features: Shower

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s), Storage
  • View: Lake, Mountain(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Off Street

Utilities

  • Utilities: Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Space Heater
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air, Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Lake, Park

Schools

  • School District: Lake Elsinore Unified

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 373173006
  • Land Lease: No
  • Lot Features: No Landscaping
  • Lot Size: 10019
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10019.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 430.01
  • Tax Lot: 6
  • Tax Tract Number: 000
  • TaxOtherAnnualAssessmentAmount: 451.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2022
Sold by
Gallegos Nicolas and Gallegos Cheryl
Bought by
Dealba Bruce Garcia and Dealba Alicia Beatriz
Current Estimated Value
$457,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Mishpeach Llc
Bought by
Gallegos Nicola and Gallegos Cheryl

Purchase Details

Closed on
Jul 26, 2004
Sold by
Gallegos Nicolas
Bought by
Mishpeach Llc

Purchase Details

Closed on
Feb 5, 2003
Sold by
Gallegos Cheryl L
Bought by
Gallegos Nicolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,250
Interest Rate
5.85%

Purchase Details

Closed on
Jan 16, 2003
Sold by
Sterling Trust Co
Bought by
Gallegos Nicolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,250
Interest Rate
5.85%

Purchase Details

Closed on
Jun 19, 1996
Sold by
Emc Mtg
Bought by
Sterling Trust Company and Nicolas Gallegos Ira

Purchase Details

Closed on
Jul 31, 1995
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dealba Bruce Garcia $380,000 --
Gallegos Nicola -- None Available
Mishpeach Llc -- --
Gallegos Nicolas -- Stewart Title Of Ca Inc
Gallegos Nicolas -- --
Sterling Trust Company $29,000 Chicago Title Co
Emc Mtg Corp $29,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dealba Bruce Garcia $361,000
Previous Owner Gallegos Nicolas $191,250
Previous Owner Gallegos Nicolas $81,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2022 10/18/22 Sold $380,000 -3.8% $283 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/24/2022 09/24/22 Price Changed $395,000 -2.2% $294 / Sq Ft
09/16/2022 09/16/22 Price Changed $404,000 -0.2% $301 / Sq Ft
09/06/2022 09/06/22 For Sale $405,000 0.0% $301 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $405,000 -- $301 / 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 $4,317 $384,948 $93,636 $291,312
2023 $4,317 $370,000 $90,000 $280,000
2022 $946 $44,469 $22,236 $22,233
2021 $902 $43,598 $21,800 $21,798
2020 $889 $43,152 $21,577 $21,575
2019 $871 $42,306 $21,154 $21,152
2018 $851 $41,478 $20,739 $20,739
2017 $844 $40,666 $20,333 $20,333
2016 $787 $39,870 $19,935 $19,935
2015 $781 $39,274 $19,637 $19,637
2014 $763 $38,506 $19,253 $19,253
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nick Gallegos

    Nick Gallegos, Broker

    (951) 600-9058

    1 in this area

    4 Total Sales

    Section Image

  • P

    Buyer's Agent in 2022

    Patrick Camp

    Greene Light Realty Services

    Section Image
  • Andrew Warburton

    Buyer Co-Listing Agent in 2022

    Andrew Warburton

    eXp Realty of Southern California, Inc.

    (310) 270-1689

    2 in this area

    750 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22148310

California Regional Multiple Listing Service (CRMLS)

APN: 373-173-014

California Riverside County Lake Elsinore 92530 Riverview

551 Lake St, Lake Elsinore, CA

This home is located at 551 Lake St, Lake Elsinore, CA 92530 since 07 July 2022 and is currently estimated at $457,654, approximately $340 per square foot. This property was built in 1973. 551 Lake St is a home located in Riverside County with nearby schools including Railroad Canyon Elementary School, Elsinore Middle School, and Elsinore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes