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28480 Red Gum Drive, Lake Elsinore, CA 92532

$295K3bd · 1ba · 864 sqft
Lot 20,909 sqft•Manufactured On Land•
Active
•76d on market•MLS# IG-26166853

Property Description

Solid Single Wide mobile home sits on almost a half acre lot of mostly flat, usable land to be creative as you like. Quiet 1 block street with very little traffic. Home features 3 bedrooms, portable and wall A/C units, forced heat and a nice kitchen. Washer/dryer hook ups, potential RV parking, a pantry and plenty of space to entertain family and friends. Lots of serenity and star gazing on those summer nights. Home located near schools, 15 freeway, shopping, a lake and newly built homes. Endless possibilities await you. Bring your buyers!!

Features & Amenities

FeeBuilt 1973

Property Details

Land Type
Fee
Year Built
1973
Property Type
Residential
Property Subtype
Manufactured On Land
Parking Spaces
0
Garage Spaces
0
Heating
Floor Furnace
Cooling
Wall/Window Unit(s)
City
Lake Elsinore
Zip Code
92532
County
Riverside
Listed byUnknown Office, Gary Ballou

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,491.68
Principal & Interest
Loan Amount
$236,000
Total Interest
$301,005
Total Payment Over 30 Years
$537,005
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 · 5 active · 4 closed

28480 Red Gum Drive, Lake Elsinore, CA 92532

Lake Elsinore · Manufactured On Land

$295K
Affordable Tier
Beds
3
Baths
1
Sqft
864
Lot
20,909 sqft
Year
1973
$/Sqft
$341
Pool: No✓

Listed 28.0% below the median closed sale of $410,000. Closed comps sold at 102% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $295K· $341/sqft
Total list price
Closed comps
vs closed median $410K
−$115K (−28.0%)
Active comps
vs active median $299K
−$4K (−1.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $296
+$45 (+15.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
16437 PinyonLake Elsinore1974217206,098$333$239,9005285
18100 TereticornisLake Elsinore1959118806,098$301$265,0003481
32565 Wildomar RoadLake Elsinore1970221,2966,098$309$400,0008168
32845 Morrison PlaceLake Elsinore1977321,4407,405$208$299,0003867
18306 Oleander StreetLake Elsinore1977321,3445,663$327$439,99910065
Total: 5 · Average2.21.61,1366,272.4$295.6$328,779.861
Median1,296$299,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
18864 Grand AvenueLake Elsinore198009/24/20263292414,375$379,000$379,000$4101.004289
18330 Eucalyptus AvenueLake Elsinore200808/14/2026321,0566,098$380,000$410,000$3881.088572
32551 Crescent AvenueLake Elsinore198107/01/2026221,4566,970$420,000$410,000$2820.984860
1212 PotteryLake Elsinore200609/28/2026321,3116,098$475,000$480,000$3661.0115059
Total: 4 · Average2.82.01,186.758,385.25$419,750$419,750$361.5—81.25
Median1,311$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.