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16437 Pinyon, Lake Elsinore, CA 92530

$240K2bd · 1ba · 720 sqft
Lot 6,098 sqft•Manufactured On Land•
Active
•54d on market•MLS# SW-26182450

Property Description

Amazing opportunity to own your own home and land! This 2-bedroom, 1-bathroom single-wide manufactured home sits on its own lot. Features; Covered front porch entry to a comfortable living room and functional kitchen. A central hallway connects the living spaces to the bedrooms and bathroom. Outside, the property features flat usable space with a covered carport and a handy covered shed/Area for your tools, gear, additional storage & laundry. Property is on septic. Close to schools, parks & shopping. NO HOA.

Features & Amenities

FeeBuilt 1974

Property Details

Land Type
Fee
Year Built
1974
Property Type
Residential
Property Subtype
Manufactured On Land
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
Central Air, Wall/Window Unit(s)
View
None
Flooring
Vinyl, Carpet, Laminate
City
Lake Elsinore
Zip Code
92530
County
Riverside
Listed byHorizon Premier Realty, Paul Wilkinson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,213.06
Principal & Interest
Loan Amount
$191,920
Total Interest
$244,783
Total Payment Over 30 Years
$436,703
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 4 active · 3 closed

16437 Pinyon, Lake Elsinore, CA 92530

Lake Elsinore · Manufactured On Land

$240K
Affordable Tier
Beds
2
Baths
1
Sqft
720
Lot
6,098 sqft
Year
1974
$/Sqft
$333
Pool: No✓
Spa: No✓
View: None✓

Listed 41.5% below the median closed sale of $410,000. Price per sqft ($333) is a 14% discount to closed comps ($388). Closed comps sold at 103% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $240K· $333/sqft
Total list price
Closed comps
vs closed median $410K
−$170K (−41.5%)
Active comps
vs active median $400K
−$160K (−40.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $321
+$12 (+3.7%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
18100 TereticornisLake Elsinore1959118806,098$301$265,0003483
28480 Red Gum DriveLake Elsinore19733186420,909$341$295,0007381
32565 Wildomar RoadLake Elsinore1970221,2966,098$309$400,0008067
18374 Oleander AvenueLake Elsinore2022321,3055,662$333$435,0005553
Total: 4 · Average2.31.51,086.259,691.75$321$348,75060.5
Median1,296$400,000

Closed Properties (3)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
18864 Grand AvenueLake Elsinore198009/24/20263292414,375$379,000$379,000$4101.004274
18330 Eucalyptus AvenueLake Elsinore200808/14/2026321,0566,098$380,000$410,000$3881.088565
1212 PotteryLake Elsinore200609/28/2026321,3116,098$475,000$480,000$3661.0115050
Total: 3 · Average3.02.01,0978,857$423,000$423,000$388—92.33333333333333
Median1,056$410,000$410,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.