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Lake Elsinore, CA

$498,000

33161 Pederson, Lake Elsinore, CA
2
Beds
1
Baths
931
Sq Ft
1947
Built
5
Days listed

About this home

TWO LOTS INCLUDED!! This is a rare opportunity to own a charming mid-century bungalow, AND the additional adjoining parcel that is also included! Per Realist Tax, the two properties combined form a lot of approx.12,632 sq ft, and they are located just a few blocks from the lake. The property offers great flexibility with plenty of space for outdoor activities and lots of room to park an extra car, an RV, a boat, or other toys. A charming front gable with wood railings enhances the entry, while a newer concrete pad off the side door creates a great space for BBQs, or dining al-fresco under the stars. Inside, you’ll find laminate flooring, refreshed paint, smooth ceilings, dual-pane E-glass windows, and updated doors that enhance both comfort and efficiency. This delightful single story home features classic architectural gables, abundant natural light, a bright, sunny, and cheerful interior that flows throughout the home. The spaces feel open & colorful, with sunlight pouring in to create a warm, welcoming atmosphere. The spacious, light, and bright kitchen has upgraded counters, a newer gas range, custom glass front cabinets, and plenty of room for a breakfast table and chairs where you can enjoy a morning meal while you take in the view through the picture window of the sparkling mountain vistas. The interior floor plan includes 2 well-sized bedrooms and 1 bath. The elegant living room and comfortable dining room have lots of framed windows and upgraded flooring. The spacious primary bedroom has a walk-in closet. Ceiling fans are located in the living room, kitchen, and both bedrooms. The kitchen includes an updated faucet, and the home features updated blinds throughout. A converted garage serves as extra storage or a flexible art or craft space, offering opportunity for finishing touches and personalization. The utility room has been converted into a functional indoor laundry area, and there is even a convenient hallway linen closet. Other important updates to this special home took place, per the seller approximately 8 years ago, and include replacing the roof, adding dual pane windows, updating the siding, and upgrading the interior and exterior doors. This is a home filled with light, character, and charm —offering comfort today and possibilities for tomorrow. Whether you're a homebuyer with a vision, or an investor looking to find your next project, this versatile 2-bedroom, 1-bathroom home with an additional adjoining parcel could be it.

Facts & features

Interior
Bedrooms
2
Bathrooms
1 full
Living area
931 sq ft
Interior features
Separate Formal Dining Room, Eat In Kitchen, See Remarks
Appliances
Gas Range
Fireplace
None
Heating
Wall Furnace
Cooling
Wall Window Units
Laundry
Inside, See Remarks
Levels
One
Spa
None
Exterior & lot
Lot size
0.29 acres (12,632 sq ft)
Pool
None
View
Mountains
Architectural style
Bungalow
Year built
1947
Parking
Converted Garage, Direct Access, Garage
Parking spaces
1
Community
Area
699 - Not Defined
County
Riverside
Community features
Foothills, Lake
Listing details
Status
Active
Property type
Single Family Residence
Days on market
5
Listed
2026-05-14
Terms
Cash, Cash To New Loan, Conventional, FHA
Parcel #
382022027
MLS #
IG26104181
Listed by
Jill Ross · BHHS CA Properties

Location

Price history

Listed
$498,000 · 2026-05-14
Days on market
5
Current price
$498,000
Financing

Could this home be yours?

Estimated monthly payment
$3,124
$2,518 principal & interest · $606 taxes & insurance
$99,600
Estimate only
Loan $398,400

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Estimated value range nearby
$247,312$290,323

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Listing data provided by CRMLS

Listing courtesy of BHHS CA Properties. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 27, 2026 Equal Housing Opportunity.

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