Welcome to this thoughtfully upgraded 3-bedroom, 2-bathroom single-story home nestled in the heart of historic downtown Lake Elsinore. From the moment you step inside, you'll be greeted by an open-concept floorplan drenched in natural light, perfectly designed for comfortable living & the ease of entertaining. The spacious kitchen offers ample storage, a stylish backsplash, a farmhouse-style single bin sink, a portable island, & a hanging pot rack, all seamlessly flowing into the living & dining areas to create an inviting central gathering space. Freshly painted inside & out, this home also features new bathroom flooring & a beautifully tiled walk-in shower within the primary suite. Outdoors, enjoy year-round living on the updated front, back, & side porches or unwind beneath the cozy outdoor gazebos with string lights, ideal for relaxing evenings or hosting guests. Sitting on a large lot with gated RV parking & a massive backyard full of potential, this property offers endless possibilities. The detached garage includes abundant storage cabinets, a built-in workbench, & a brand-new garage door opener for added convenience. Located just minutes from the lake & within walking distance to Main Street's shops, dining, & local events, this move-in ready gem offers the perfect balance of charm, lifestyle, & location. Don’t miss your chance to make this beautiful home yours!
Sold for $505,000
Listed by: Drive Real Estate, Inc. • Shari Dawes • Contact: 951-757-9199
Bought with: VISMAR REAL ESTATE
$505,000
172 Olive St, Lake Elsinore, CA 92530
3beds
1,089sqft
Single Family Residence
Built in 1915
7,841 Square Feet Lot
$511,500 Zestimate®
$464/sqft
$2,503 Estimated rent
Home value
$511,500
$460,000 - $568,000
$2,503/mo
Zestimate® history
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List your homeWhat's special
Gated rv parkingLarge lotBrand-new garage door openerPortable islandDrenched in natural lightBuilt-in workbenchInviting central gathering space
Zillow last checked:
Listing updated:
Listed by:
Shari Dawes DRE #01957836 951-334-1139,
Drive Real Estate, Inc.
Bought with:
Yescenia Osorio, DRE #02027102
VISMAR REAL ESTATE
Source: CRMLS,MLS#: SW25167403
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Great Room, Kitchen, Laundry
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Remodeled, Separate Shower, Upgraded, Walk-In Shower
Heating
- Central, Fireplace(s)
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Cooktop, Disposal, Microwave
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Open Floorplan, All Bedrooms Down
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,089 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway Level, Garage, RV Access/Parking
- Garage spaces: 2
Accessibility
- Accessibility features: Grab Bars, No Stairs, Accessible Approach with Ramp
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Patio & porch: Rear Porch, Deck, Front Porch
- Pool features: None
- Has view: Yes
- View description: Lake, Mountain(s)
- Has water view: Yes
- Water view: Lake
Lot
- Size: 7,841 Square Feet
- Features: Back Yard, Front Yard, Near Park, Street Level, Yard
Details
- Parcel number: 373152008
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Raised
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Dog Park, Lake, Water Sports, Park
Location
- Region: Lake Elsinore
Financial & listing details
- Price per square foot: $464/sqft
- Tax assessed value: $312,339
- Annual tax amount: $3,835
- Date on market: 7/24/2025
- Cumulative days on market: 5 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,Submit
- Inclusions: Ring Doorbell & Outdoor Cameras; Garage Cabinets/Work Bench; Kitchen Island; Hanging Pot Rack; Outdoor Gazebos with String Lights
- Exclusions: Personal Items; Indoor Cameras
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Sold | $505,000+1.2%$464/sqft |
Source:  CRMLS #SW25167403 Report a problem | ||
| 8/5/2025 | Pending sale | $499,000$458/sqft |
Source: CRMLS #SW25167403 Report a problem | ||
| 7/25/2025 | Listed for sale | $499,000+78.2%$458/sqft |
Source: CRMLS #SW25167403 Report a problem | ||
| 2/14/2019 | Sold | $280,000+1.8%$257/sqft |
Source: Public Record Report a problem | ||
| 1/12/2019 | Pending sale | $275,000$253/sqft |
Source: iPro Real Estate #OC19001263 Report a problem | ||
| 1/3/2019 | Listed for sale | $275,000+54.5%$253/sqft |
Source: iPro Real Estate #OC19001263 Report a problem | ||
| 10/24/2018 | Sold | $178,000+154.3%$163/sqft |
Source: Public Record Report a problem | ||
| 3/27/2009 | Sold | $70,000-12.4%$64/sqft |
Source: Public Record Report a problem | ||
| 2/26/2009 | Listed for sale | $79,900-42.5%$73/sqft |
Source: NRT California #T09022911 Report a problem | ||
| 12/16/2008 | Sold | $139,000-7.9%$128/sqft |
Source: Public Record Report a problem | ||
| 12/24/2002 | Sold | $151,000+247.1%$139/sqft |
Source: Public Record Report a problem | ||
| 3/6/2002 | Sold | $43,500+60.5%$40/sqft |
Source: Public Record Report a problem | ||
| 9/5/1997 | Sold | $27,106-9.6%$25/sqft |
Source: Public Record Report a problem | ||
| 9/9/1996 | Sold | $30,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,835 +4.3% | $312,339 +2% |
| 2024 | $3,677 +1.4% | $306,216 +2% |
| 2023 | $3,628 +2.1% | $300,213 +2% |
| 2022 | $3,554 +2.7% | $294,328 +2% |
| 2021 | $3,459 +1.2% | $288,558 +1% |
| 2020 | $3,420 +5.2% | $285,600 +5.8% |
| 2019 | $3,250 +157.6% | $270,000 +240.8% |
| 2018 | $1,262 +1.1% | $79,214 +2% |
| 2017 | $1,248 | $77,662 +2% |
| 2016 | $1,248 +7% | $76,140 +1.5% |
| 2015 | $1,166 +2.6% | $74,998 +2% |
| 2014 | $1,137 | $73,530 +16.7% |
| 2013 | -- | $63,000 -12.2% |
| 2012 | -- | $71,764 +13.9% |
| 2011 | -- | $63,000 -9.8% |
| 2010 | -- | $69,833 -22.4% |
| 2009 | -- | $90,000 -50.9% |
| 2008 | -- | $183,370 +2% |
| 2007 | -- | $179,776 +2% |
| 2006 | -- | $176,252 +2% |
| 2005 | -- | $172,797 +164.7% |
| 2003 | -- | $65,270 +116.3% |
| 2002 | -- | $30,171 +2% |
| 2001 | $635 +16.4% | $29,580 +42.4% |
| 2000 | $546 | $20,776 |
Find assessor info on the county website
Neighborhood: 92530
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Nearby schools
GreatSchools rating
- 3/10Railroad Canyon Elementary SchoolGrades: K-5Distance: 1 mi
- 3/10Elsinore Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Elsinore High SchoolGrades: 9-12Distance: 3.9 mi
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Estimated market value
$511,500
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Estimated market value
$511,500
- California
- Riverside County
- Lake Elsinore
- 92530
- 172 Olive St
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