See Home Value
$945,000 - $1,155,000
House - Off Market

16072 Grand Avenue

Lake Elsinore, CA 92530
bedrooms
6 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
3000 Sqft
Sold Dec 18, 2023
$989,000

About This Property

Price Improvement. Waterfront Income property in Lake Elsinore now available. Two homes on one lot! Enjoy 115 ft of waterfront on the widest part of Lake Elsinore. Private beach, tiki hut with power, solar lighting, and views that are breathtaking of the water. Rare to find a lot like this... over 1.39 acres of land that can be subdivided to multiple homesites and APNs. Just as they did to the north. Currently the property has two homes and various storage buildings. First home is an historic 1925 cottage once owned by Bela Lugosi. Inside are 2 bedrooms, utility room and one bath. Charming bones, retro-decor and currently rented bringing in an income. This home is on conventional septic and has lovely fruit trees lining the property. Large yard/courtyard and views. The next home is a Manufactured Home built in 1978 on Permanent Foundation featuring 4 bedrooms and two bath. Separate laundry room. Total square footage for this home is approximately 2040 square feet. Great views of the lake from the covered patio or living room. Between the two homes are gazebo, spa, detached garage/storage building with shop-bathroom, two storage containers, RV hookups, Tiki Hut, Garden beds, beach and more. The highest potential usage of this home would be to add more manufactured homes to the property and rent out the space. Manufactured home is on city sewer, electric and water. Great fishing from the shoreline. Nighttime city lights and cool breezes. Possibilities are endless by adding homes, more manufactured storage or rentals, subdividing for single family residences with separate APNs or simply enjoy this unique property yourself. Close to shopping and freeways. See 3D Tour https://my.matterport.com/show/?m=ggyouXPHRCX&mls=1

The manager has listed the unit size as 3000 square feet.
Unit Size
3,000Ft²
Days on Market
-
Land Size
1.39 acres
Price per sqft
$350
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978

Price History

Date / Event Date Event Price
Dec 20, 2023 No longer available -
No longer available
Dec 18, 2023 Sold $989,000
Sold
Oct 20, 2023 In contract -
In contract
Sep 15, 2023 Price Decreased $1,050,000
↓ $100K (8.7%)
Price Decreased
Jun 22, 2023 Listed $1,150,000
Listed
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 2
  • Total Rooms: 4
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Traditional
  • Exterior Walls Type: Wood siding
  • Roof Cover Type: Gravel/rock
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 60,548
  • Total Building Area: 2,939
  • Gross Building Area: 2,939
  • Building Area: 2,815
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,815
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MAP SUBS IN ELSINORE
  • Land Acres: 1.39
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: 1.39 ACRES M/L IN POR LOT 15 BLK C MB 008/377 SD MAP SUBS IN ELSINORE

Ownership

  • Current Owner : BOSHI PROPERTIES LLC
  • Previous Owner : CATY RICHARD M
  • Previous Owner 2: CATY IRENE M
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lake Elsinore Unified School District
  • Census Tract: 046402

Geography

  • Parcel: 381-080-013
  • Block: C
  • Lot: 15
  • Municipality: LAKE ELSINORE
  • Latitude: 33.6539
  • Longitude: -117.367

    Address

  • Full Address: 16072 Grand Ave
  • Address - House Number: 16072
  • Address - Street Name: Grand
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Lake Elsinore
  • Carrier Code: C033
  • 4-Digit Zip Code: 1418
  • Zip Code: 92530

Valuation

    Tax

  • Total Area: 955
  • Tax Year: 2023
  • Tax Amount: $3,263
  • Tax Rate Code Area: 065-140

    Appraisal Valuation

  • Standard Deviation: 0.0759
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 94
  • Final Value: 1,008,434
  • High Value: 1,085,044
  • Low Value: 931,824

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $256,635
  • Assessed Land Value: $129,137
  • Assessed Improvements Value: $127,498

    Sales

  • Current Sale Contract Date: Oct 26, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Transaction ID: 11918152157
  • Current Sale Price: $989,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 373818



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lakeland Village


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Frequently Asked Questions

When was property at 16072 Grand Avenue built and last sold?
The property at 16072 Grand Avenue was built in 1978 and last sold on Oct 26, 2023 for $989,000.
How much is this home worth?
The estimated value of the home located at 16072 Grand Avenue is $1,161,500.
What are some comparable homes to 16072 Grand Avenue?
There are currently no comparable homes to 16072 Grand Avenue.

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