30505 Canyon Hills 2504, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 2 bed, 3 bath
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Lake Elsinore, California 92532
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $399,888—positioned well below the $406,750 Fair Market Value by 1%. This valuation gap offers $6,862 in Instant Equity. Featuring a Good Condition Rating, the home includes a modern Granite Kitchen and a functional 2-bed, 3-bath layout. Residents enjoy access to a Pool and Spa, plus proximity to Top-Rated Schools like Tuscany Hills Elementary. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-maintained home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30505 Canyon Hills 2504 Subject | $399,888* List Price | 2 | 3 | 1,274 | $319 | - |
A 30505 Canyon Hills 2204 Sold | $407,000 | 2 | 3 | 1,274 | $319 | 0.0 mi |
B 30505 Canyon Hills Sold | $417,000 | 2 | 3 | 1,274 | $327 | 0.1 mi |
C 30505 Canyon Hills 2505 Sold | $425,000 | 3 | 3 | 1,565 | $272 | 0.0 mi |
D 30505 Canyon Hills 2603 Pending | $415,000 List Price | 2 | 3 | 1,274 | $326 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this 19-year-old property falls within the 10-20 year range for 'Good' condition. The interior is well-maintained and move-in ready, featuring functional granite countertops, stainless steel appliances, and clean cabinetry. Systems like HVAC and electrical appear age-appropriate and functional, with no immediate signs of deferred maintenance.
Built in 2007, this 1,274 sqft condo offers a contemporary floor plan featuring three bathrooms for only two bedrooms, providing exceptional privacy and convenience rarely found in this size range.
The property is ideally situated within walking distance (less than 0.6 miles) of both Cottonwood Canyon Elementary and Canyon Lake Middle School, making it highly attractive for families.
Listed at $399,888, this property represents a highly accessible price point for the Southern California market, offering strong value for first-time homebuyers or rental investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =200000, other record lot size in square feet = 513.
The $300 monthly HOA fee adds a significant recurring cost to the mortgage payment, which may impact the overall affordability and debt-to-income ratio for some buyers.
While the property is conveniently located near schools, the immediate elementary and middle schools carry mid-range ratings (5 and 6), which may be a drawback for education-focused families.
Exceptional opportunity in Lake Elsinore. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,274 | 1,386 | 44% |
| Lot Size | 200,000 | 544 | 89% |
| Price | $399.9K | $425.0K | 11% |
| Price per sq ft | $314 | $310 | 56% |
| Built year | 2007 | 2007 | 50% |
| HOA | $300.0 | $300 | 50% |
| Days on market | 27 | 192 | 11% |
May 18, 2026
$399,888
Initial Listing
Jul 10, 2020
$282,000
Public Record
Dec 26, 2018
$259,000
Public Record
Jun 20, 2008
$213,000
Public Record
Apr 1, 2008
$257,000
Public Record