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$459,000 Sale Pending
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Property Description & Video
33161 Pederson, Lake Elsinore, CAVideo Tour of 33161 Pederson, Lake Elsinore, CA.
This is a rare opportunity to own a charming mid-century bungalow on a large corner lot in beautiful Lake Elsinore. The property offers exceptional flexibility, plenty of space for outdoor activities and room to park an extra car, RV, boat, or other recreational toys. Adding to the appeal, the adjoining vacant lot of approximately 4,356 square feet at 33191 Pederson St. (APN #382-022-026) is also available to be purchased separately. Per Realist Tax, the two properties together total approximately 12,632 square feet. They are located just a few blocks from the lake. The home offers a charming front gable with wood railings that enhance the entry, while a newer concrete pad off the side door creates an inviting 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, and a bright, cheerful interior that flows throughout the home. The spaces feel open and colorful, with sunlight creating a warm, welcoming atmosphere. The spacious kitchen offers upgraded counters, a newer gas range, custom glass-front cabinets, and room for a breakfast table where you can enjoy morning meals while taking in mountain views through the picture window. The floor plan includes two well-sized bedrooms and one bath. The elegant living room and comfortable dining room feature multiple framed windows and upgraded flooring, while the spacious primary bedroom includes a walk-in closet. Ceiling fans are located in the living room, kitchen, and both bedrooms. Additional features include an updated kitchen faucet and updated blinds throughout. A converted garage provides extra storage or flexible space for art, crafts, or future personalization. The utility room has been converted into a functional indoor laundry area, and a convenient hallway linen closet adds storage. Per the seller, important updates completed approximately eight years ago include replacing the roof, adding dual-pane windows, updating the siding, and upgrading the interior and exterior doors. Filled with light, character, and charm, this home offers comfort today and possibilities for tomorrow. Whether you're a homebuyer with a vision or an investor looking for your next project, this versatile two-bedroom, one-bath home could be the opportunity you've been waiting for.
Full Property Details
Full Property Details for 33161 Pederson
General
- Price: $459,000
- Status: Pending
- Type: Single Family
- Source: MRMLS
- MLS ID: IG26104181
- Updated: 8/9/2026
- Added to Site: 101 day(s) ago
Interior
- Rooms/Areas: Laundry, Kitchen, Living Room
- Fireplace(s): None
- Eating Areas: Dining Room, In Kitchen, See Remarks, Area
- Appliances: Gas Range
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside, See Remarks
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Deck/Patio: Concrete, Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking: Garage (Direct Access), Converted Garage
Location
- County: Riverside
- Driving Directions: Grand to Pederson
School Information
- School District: Lake Elsinore Unified
- High School: LAKESI
Community
- Community Features: Foothills, Lake
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Water: Public
Structural Information
- Architectural Style: Bungalow
- Structure Type: Single Family Residence
- Foundation: Raised
- Roof: Asphalt
- Common Walls: No Common Walls
- Windows: Double-Pane Windows, Blinds
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 931
- Sq. Ft. Source: Assessor
- Year Built: 1947
- Year Built Source: Assessor
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Size Source: Other
- Lot Description: Level with Street, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $493.02
Disclosures and Reports
- Special Conditions: Trust, Standard
Listed by BHHS CA Properties, Jill Ross
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Schools
Schools serving 33161 Pederson
School District:Lake Elsinore Unified School District
| Name | Grades | Distance |
|---|---|---|
Lakeland Village School 18730 Grand Avenue, Lake Elsinore, CA 92530 | K-8 | 1.1 mi |
Lakeside High School 32593 Riverside Drive, Lake Elsinore, CA 92530 | 9-12 | 3.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 33161 Pederson
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$459,000
-7.83%
MLS
5/15/2026
Listed
$498,000
730%
MLS
5/16/2000
Sold
$60,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 33161 Pederson
Year
Property Taxes
Change
Tax Assessment
Change
2025
$706
5%
$72,077
2%
2024
$674
—
$70,664
2%
2024
$674
2%
$69,279
2%
2023
$664
2%
$67,921
2%
2022
$650
2%
$66,591
2%
2021
$637
1%
$65,286
1%
2020
$630
2%
$64,618
2%
2019
$617
2%
$63,352
2%
2018
$604
2%
$62,110
2%
2017
$591
4%
$60,894
2%
2016
$569
1%
$59,701
2%
2015
$565
3%
$58,806
2%
2014
$550
—
$57,656
—
2013
$549
—
$57,398
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 33161 Pederson
33161 Pederson, Lake Elsinore, CA 92530 (MLS# IG26104181) is a Single Family property with 2 bedrooms and 1 full bathroom. 33161 Pederson is currently listed for $459,000 and was received on May 15, 2026. Want to learn more about 33161 Pederson? Do you have questions about finding other Single Family real estate for sale in Lake Elsinore? You can browse all Lake Elsinore real estate or contact a Coldwell Banker agent to request more information.

