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Property Description & Video
33161 Pederson, Lake Elsinore, CAVideo Tour of 33161 Pederson, Lake Elsinore, CA.
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.
Full Property Details
Full Property Details for 33161 Pederson
General
- Price: $498,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: IG26104181
- Updated: 5/15/2026
- Days on Market: 1 days
- Added to Site: 1 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): 0.29
- Lot Size (Sq. Ft.): 12,632
- Lot Size Source: Other
- Lot Description: Level with Street, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $534.91
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
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%
$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 $498,000 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.

