1005 W Sumner, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 2 bath
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1005 W Sumner
Lake Elsinore, California 92530
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,450Sq Ft
8,712Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$550,000
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $557,115 Fair Market Value by 1%. This property features a Condition Rating of 2, showcasing a fully remodeled kitchen, updated baths, and new flooring. The expansive 8,712 sqft lot offers significant ADU Potential and scenic Lake and Hillside Views. Located within the Lake Elsinore Unified district, this home balances modern comfort with long-term growth. It is an ideal acquisition for first-time buyers or investors seeking a versatile, move-in ready asset.
Estimated Market Value
$550,000
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 W Sumner Subject 3 bd · 2 ba · 1,450 sqft · $379 | $550,000* List Price | 3 | 2 | 1,450 | $379 | - |
A 406 Lookout Sold 2 bd · 2 ba · 1,336 sqft · $337 · 0.8 mi | $450,000 | 2 | 2 | 1,336 | $337 | 0.8 mi |
B 206 Silver Sold 3 bd · 2 ba · 1,950 sqft · $310 · 0.1 mi | $605,000 | 3 | 2 | 1,950 | $310 | 0.1 mi |
C 221 Matich Street Sold 2 bd · 1 ba · 1,008 sqft · $486 · 0.4 mi | $490,000 | 2 | 1 | 1,008 | $486 | 0.4 mi |
D 309 E Franklin Street Sold 4 bd · 2 ba · 1,187 sqft · $435 · 0.9 mi | $516,000 | 4 | 2 | 1,187 | $435 | 0.9 mi |
E 15209 Darnell Drive Lot 36 Lot 36 Active 3 bd · 2 ba · 1,569 sqft · $363 · 0.7 mi | $570,000 List Price | 3 | 2 | 1,569 | $363 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1968, the property has undergone a recent comprehensive renovation (likely <5 years) including a fully remodeled kitchen with new cabinets and appliances, updated bathrooms, new double-pane windows, and fresh flooring and paint throughout.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1450.
- Extensive Recent Renovations
The home features a fully remodeled kitchen with new cabinetry and appliances, updated bathrooms, double-pane windows, and fresh flooring, offering a turnkey experience for the buyer.
- Development Potential
The generous 8,712 sqft lot provides significant space for an Accessory Dwelling Unit (ADU), making it an ideal choice for investors or multi-generational families seeking added value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1450, other record living area = 850. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Vintage Infrastructure
Originally built in 1968, the property may have aging core systems such as plumbing or electrical that were not explicitly noted as upgraded alongside the cosmetic renovations.
- Appraisal and Pricing Risk
The list price shows a significant increase from the last recorded sale price in late 2024, which may lead to appraisal challenges or buyer hesitation regarding market value.
About 1005 W Sumner
Welcome to 1005 W. Sumner Avenue, where comfort, opportunity, and location come together in the heart of Lake Elsinore. This charming single-story home offers an inviting layout with abundant natural light and a spacious lot featuring endless possibilities. Enjoy beautiful lake and hillside views while being just minutes from Historic Downtown Lake Elsinore, shopping, dining, schools, and convenient freeway access. Recent upgrades include double pane windows, remodeled kitchen with new cabinets, countertops and appliance. Also newly remodeled baths, and upgraded tile and laminate flooring. Fresh paint in out completes the fresh and inviting look of this home. The generous lot provides ample space for outdoor entertaining, gardening, or future expansion. Buyers will appreciate the potential for an ADU (buyer to verify with the City), making this property an excellent opportunity for multigenerational living or added rental income. Whether you’re a first-time homebuyer, investor, or looking to downsize, this home offers incredible value and versatility in a rapidly growing community. Don’t miss your chance to own a property with character, peaceful views, and future potential! Plan your visit today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,450 | 2,014.188 |
| Lot Size | 8,712 | 7,537.856 |
| Price | $550.0K | $605.8K |
| Price per sq ft | $379 | $297 |
| Built year | 1968 | 2005 |
| HOA | $0 | $143 |
| Days on market | 88 | 70 |
Pricing History
Listed for Sale
Jul 29, 2026
$550,000
Initial Listing
Sold
Sep 26, 2024
$485,000
Public Record
Sold
Mar 27, 2020
$273,000
Public Record
Sold
Jan 31, 2000
$83,500
Public Record
Sold
Oct 28, 1999
$42,000
Public Record