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31038 Ponderosa, Lake Elsinore, CA 92530

$355K3bd · 2ba · 1,440 sqft
Lot 6,098 sqft•Manufactured On Land•
Active
•89d on market•MLS# DW-26156398

Property Description

THIS PRICE IS FOR A FAST SALE!!!!! Beautiful Manufactured Home located in one of the most beautiful areas of Lake Elsinore, CA. This house consists of 2 legal bedrooms and 2 baths, but it has den which is being used as a 3rd bedroom. Great curb appealing and recently painted in and out. New flooring and spacious bedrooms. Come and see it since it won’t last at this price.

Features & Amenities

FeeBuilt 1977

Property Details

Land Type
Fee
Year Built
1977
Property Type
Residential
Property Subtype
Manufactured On Land
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Lake Elsinore
Zip Code
92530
County
Riverside
Listed byAmer Ex Realty Inc., Saul Miranda

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,794.57
Principal & Interest
Loan Amount
$283,920
Total Interest
$362,124
Total Payment Over 30 Years
$646,044
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 · 5 closed

31038 Ponderosa, Lake Elsinore, CA 92530

Lake Elsinore · Manufactured On Land

$355K
Affordable Tier
Beds
3
Baths
2
Sqft
1,440
Lot
6,098 sqft
Year
1977
$/Sqft
$246
Pool: No✓
View: mountain✓
Garage: 2-car✓

Listed 26.1% below the median closed sale of $480,000. Price per sqft ($246) is a 28% 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.

Price advantage
Subject listed at $355K· $246/sqft
Total list price
Closed comps
vs closed median $480K
−$125K (−26.1%)
Active comps
vs active median $390K
−$35K (−9.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $278
−$32 (−11.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
32845 Morrison PlaceLake Elsinore1977321,4407,405$208$299,0003691
31774 Via VerdeLake Elsinore1987221,5366,970$254$390,000390
18306 Oleander StreetLake Elsinore1977321,3445,663$327$439,9999889
32901 Crescent AvenueLake Elsinore2004321,3446,534$290$390,000385
32565 Wildomar RoadLake Elsinore1970221,2966,098$309$400,0008082
Total: 5 · Average2.62.01,3926,534$277.6$383,799.844
Median1,344$390,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
32551 Crescent AvenueLake Elsinore198107/01/2026221,4566,970$420,000$410,000$2820.984885
1212 PotteryLake Elsinore200609/28/2026321,3116,098$475,000$480,000$3661.0115084
31768 Via VerdeLake Elsinore200306/26/2026321,5606,970$510,900$510,000$3271.0041883
17457 RANSPOTLake Elsinore202506/25/2026321,4945,663$459,900$450,000$3010.9811782
28265 Red Gum DriveLake Elsinore202507/01/2026321,600105,415$645,000$690,000$4311.074074
Total: 5 · Average2.82.01,484.226,223.2$508,000$508,000$341.4—154.6
Median1,494$480,000$480,000

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.