30505 Canyon Hills 604, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 2 bed, 3 bath
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Lake Elsinore, California 92532
This Value-Add Condominium within the Heritage Lake community is listed at $415,000, representing a stable entry point aligned with its $404,582 Fair Market Value. Boasting a Good Condition Rating, the interior features functional 2007 finishes, providing a blank canvas for cosmetic updates to force appreciation. Residents benefit from premium amenities including a private lake, pool, and clubhouse, while being walking distance to Cottonwood Canyon Elementary. This is a strategic acquisition for first-time buyers or Owner-Occupants seeking lifestyle perks and equity growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30505 Canyon Hills 604 Subject | $415,000* List Price | 2 | 3 | 1,274 | $318 | - |
A 30505 Canyon Hills Sold | $417,000 | 2 | 3 | 1,274 | $327 | 0.0 mi |
B 30505 Canyon Hills 204 Sold | $450,000 | 2 | 3 | 1,565 | $288 | 0.0 mi |
C 30505 Canyon Hills Road 2305 Sold | $445,000 | 2 | 3 | 1,565 | $284 | 0.1 mi |
D 30505 Canyon Hills 2505 Sold | $425,000 | 3 | 3 | 1,565 | $272 | 0.1 mi |
E 30505 Canyon Hills Active | $424,999 List Price | 2 | 3 | 1,274 | $334 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2007, placing it within the 10-20 year age bracket for a 'good' condition rating. While the listing notes the home is in its 'original condition' and suggests cosmetic updates, the images show a well-maintained interior with functional builder-grade finishes, including standard wood cabinetry, tile flooring, and a clean fireplace surround, indicating it is move-in ready with no immediate major repairs required.
Situated in the desirable Heritage Lake community, the property offers access to premium amenities including a lake, walking trails, parks, a pool, and a clubhouse.
Priced competitively as one of the best values in the area, this home provides a rare opportunity for buyers to build equity through personalization and modernization.
The home is ideally located within walking distance (less than 0.6 miles) of both Cottonwood Canyon Elementary and Canyon Lake Middle School.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1274, other record lot size in square feet = 496.
The property is in its original 2007 condition, which will require additional budget and effort for cosmetic updates and modernizing finishes.
The $320 monthly association fee adds a significant recurring cost to the ownership budget that may impact affordability for some buyers.
Beautiful opportunity in the highly desirable Heritage Lake community! This 2-bedroom, 2.5-bath home offers approximately 1,200 sq ft of living space and is priced to sell—making it one of the best values in the area. Featuring a functional layout, spacious living area, and private outdoor space, this home is perfect for buyers looking to personalize and add their own touch. Original condition provides a rare chance to create your dream home or invest in a property with strong upside potential. Enjoy resort-style HOA amenities including a lake, walking trails, parks, pool, and clubhouse. Conveniently located near shopping, dining, and schools. Don’t miss this opportunity—homes at this price point in Heritage Lake don’t last! Agent Owned
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.5 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 | 36% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,274 | 1,565 | 21% |
| Lot Size | 1,274 | 817 | 64% |
| Price | $415.0K | $450.0K | 14% |
| Price per sq ft | $326 | $291 | 79% |
| Built year | 2007 | 2008 | 50% |
| HOA | $320.0 | $300 | 71% |
| Days on market | 15 | 202 | 7% |
Apr 7, 2026
$415,000
Initial Listing
Dec 7, 2011
$120,000
Public Record
Sep 13, 2007
$274,500
Public Record