18173 Ballard, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
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Lake Elsinore, California 92530
This Turnkey Starter Home is a High-Potential Investment Opportunity, listed at $449,900—positioned above the $400,965 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 2, featuring comprehensive recent renovations including new appliances and flooring. The inclusion of two parcels and a large workshop provides rare utility for hobbyists. With stunning Lake and Hill views, this property balances a vacation-like lifestyle with proximity to the Lake Elsinore Unified district. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18173 Ballard Subject | $449,900* List Price | 2 | 1 | 750 | $535 | - |
A 17656 Brightman Sold | $405,000 | 2 | 1 | 858 | $472 | 0.6 mi |
B 17653 Raley Sold | $372,500 | 2 | 1 | 750 | $497 | 0.6 mi |
C 17635 Nelson Avenue Sold | $401,700 | 3 | 2 | 886 | $453 | 0.6 mi |
D 18255 Brightman Sold | $425,000 | 2 | 1 | 960 | $443 | 0.1 mi |
E 33190 Walls Active | $424,999 List Price | 2 | 1 | 824 | $516 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, the property has undergone a recent comprehensive renovation (<5 years) and is marketed as completely turnkey. Key updates include new LVP flooring, fresh interior and exterior paint, new kitchen cabinets and appliances, a fully modernized bathroom, and a newer HVAC condenser unit.
The home is completely move-in ready with modern updates including fresh paint, new flooring, updated cabinets, and brand-new appliances, making it an ideal starter home.
The property boasts stunning views of the hills and Lake Elsinore, providing a serene, vacation-like atmosphere while maintaining proximity to essential amenities.
The sale includes two separate parcels and a large workshop, offering significant utility and potential for expansion or hobbyist use that is rare at this price point.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 3920.
With only 750 square feet of living space, the home's small footprint may be restrictive for growing families or buyers requiring additional storage and office space.
Originally constructed in 1948, the property's age may present long-term maintenance challenges regarding older plumbing, electrical systems, or structural components.
Great little starter home with amazing views. completely turnkey and ready to go. Comes with 2 parcels. Fresh paint, flooring, cabinets and new appliances. CLOSE TO EVERYTHING YOU NEED! But it feels like you're living a vacation! has large workshop for the handy homeowner. Come and check this one out today! buyer to verify sqft, lot boundaries and permits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 750 | 1,973 |
| Lot Size | 4,792 | 6,970 |
| Price | $449.9K | $601.5K |
| Price per sq ft | $600 | $293 |
| Built year | 1948 | 2004 |
| HOA | $0 | $146 |
| Days on market | 23 | 64 |
Jun 29, 2026
$449,900
Initial Listing
Sep 22, 2016
$10,000
Public Record
Jan 23, 2006
$75,000
Public Record