32845 Morrison Place, Lake Elsinore, CA 92530
32845 Morrison Place, Lake Elsinore, CA 92530
Property Description
OPPORTUNITY AWAITS! Manufactured home on a permanent foundation situated on a nice-sized lot in the unincorporated area of Lake Elsinore. This property offers plenty of potential for a buyer ready to bring their vision and some TLC. The floor plan features a living room, dining area, primary bedroom with an en suite bath, two additional bedrooms, and a hall bath. The home is in need of repairs and updating, including the HVAC system, kitchen cabinetry, and various cosmetic improvements. With the right renovations, this property offers an excellent opportunity to create a personalized home or investment property. Potential financing options may include FHA 203(k) renovation financing or other renovation loan programs, subject to buyer and property qualification. Bring your contractor, your ideas, and your imagination—this could be the opportunity you’ve been looking for!
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Lake Elsinore · Manufactured On Land
Listed 37.7% below the median closed sale of $480,000. Price per sqft ($208) is a 39% discount to closed comps ($341). Closed comps sold at 101% of list — strong seller's market. Expect a longer timeline — comps averaged 155 days on market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 31038 Ponderosa | Lake Elsinore | 1977 | 3 | 2 | 1,440 | 6,098 | $246 | $354,900 | 87 | 93 |
| 18306 Oleander Street | Lake Elsinore | 1977 | 3 | 2 | 1,344 | 5,663 | $327 | $439,999 | 100 | 90 |
| 32565 Wildomar Road | Lake Elsinore | 1970 | 2 | 2 | 1,296 | 6,098 | $309 | $400,000 | 81 | 88 |
| 28186 Wells Fargo | Lake Elsinore | 2025 | 3 | 2 | 1,400 | 7,405 | $354 | $494,990 | 58 | 87 |
| 31774 Via Verde | Lake Elsinore | 1987 | 2 | 2 | 1,536 | 6,970 | $254 | $390,000 | 4 | 86 |
| Total: 5 · Average | 2.6 | 2.0 | 1,403.2 | 6,446.8 | $298 | $415,977.8 | 66 | |||
| Median | 1,400 | $400,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32551 Crescent Avenue | Lake Elsinore | 1981 | 07/01/2026 | 2 | 2 | 1,456 | 6,970 | $420,000 | $410,000 | $282 | 0.98 | 48 | 92 |
| 17457 RANSPOT | Lake Elsinore | 2025 | 06/25/2026 | 3 | 2 | 1,494 | 5,663 | $459,900 | $450,000 | $301 | 0.98 | 117 | 85 |
| 31768 Via Verde | Lake Elsinore | 2003 | 06/26/2026 | 3 | 2 | 1,560 | 6,970 | $510,900 | $510,000 | $327 | 1.00 | 418 | 82 |
| 1212 Pottery | Lake Elsinore | 2006 | 09/28/2026 | 3 | 2 | 1,311 | 6,098 | $475,000 | $480,000 | $366 | 1.01 | 150 | 81 |
| 28265 Red Gum Drive | Lake Elsinore | 2025 | 07/01/2026 | 3 | 2 | 1,600 | 105,415 | $645,000 | $690,000 | $431 | 1.07 | 40 | 77 |
| Total: 5 · Average | 2.8 | 2.0 | 1,484.2 | 26,223.2 | $508,000 | $508,000 | $341.4 | — | 154.6 | ||||
| Median | 1,494 | $480,000 | $480,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.