30505 Canyon Hills Road 406, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
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Lake Elsinore, California 92532
This Spacious End-Unit Townhouse is a Prime Investment Opportunity, listed at $480,000—positioned well below the $500,469 Fair Market Value by 4%. This valuation gap offers $20,469 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the home features a Granite Kitchen, a dedicated office nook, and a private Park/Greenbelt View. Located within a secure gated community steps from Cottonwood Canyon Elementary, it balances lifestyle convenience with financial logic. This is an ideal match for Owner-Occupants or first-time buyers seeking a move-in-ready asset with built-in value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30505 Canyon Hills Road 406 Subject | $480,000* List Price | 3 | 3 | 1,633 | $306 | - |
A 30505 Canyon Hills 2505 Sold | $425,000 | 3 | 3 | 1,565 | $272 | 0.1 mi |
B 30505 Canyon Hills Sold | $417,000 | 2 | 3 | 1,274 | $327 | 0.1 mi |
C 30505 Canyon Hills Road 2305 Sold | $445,000 | 2 | 3 | 1,565 | $284 | 0.1 mi |
D 34213 Parkside Drive Sold | $535,000 | 4 | 3 | 1,922 | $278 | 0.8 mi |
E 34169 Carissa Drive Sold | $529,500 | 3 | 3 | 1,767 | $300 | 0.9 mi |
F 30505 Canyon Hills Rd 502 Active | $485,000 List Price | 3 | 3 | 1,565 | $310 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), this property falls squarely into the 'Good' category. The interior is well-maintained and move-in ready with functional, original finishes. The kitchen features granite countertops and stainless steel appliances that appear in great condition, and the bathrooms are clean and modern for the era. Systems like HVAC and electric are likely original but appear functional, requiring no immediate maintenance.
As a private end-unit within a secure gated community, this home offers enhanced privacy, increased natural light, and a pleasant greenbelt view compared to interior units.
The property is ideally situated within walking distance (less than 0.5 miles) of both Cottonwood Canyon Elementary and Canyon Lake Middle School, providing significant convenience for families.
The 1,633 sqft floor plan is highly efficient, featuring an open-concept living area, a dedicated office nook for remote work, and the convenience of an upstairs laundry room.
While the property is close to several schools, some assigned institutions in the district carry lower performance ratings, which may impact long-term resale appeal for education-focused buyers.
The $300 monthly HOA fee increases the total monthly carrying cost, which may be a deterrent for budget-conscious buyers or those seeking full autonomy over their exterior property.
Welcome to this desirable end-unit townhouse in Lake Elsinore, ideally located near Canyon Lake and within a popular local school district. Offering 3 bedrooms, 2.5 bathrooms, and 1,633 square feet of well-designed living space, this home presents a fantastic opportunity for both first-time buyers and investors. The open-concept floor plan features a cozy fireplace and seamless flow between the living, dining, and kitchen areas, creating a comfortable and functional space for everyday living. All bedrooms are located upstairs, including a spacious primary suite with an oversized bathroom and ample closet space. A built-in office nook and upstairs laundry add convenience and flexibility. Additional highlights include an attached garage, guest parking, and a private end-unit location within a secure GATED community. Residents enjoy access to well-maintained amenities such as a pool and play areas. With close proximity to schools, parks, shopping, and dining, this home offers strong rental appeal and long-term value in a growing area.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.5 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,633 | 1,598 | 57% |
| Lot Size | - | 654.5 | 36% |
| Price | $480.0K | $460.0K | 57% |
| Price per sq ft | $294 | $291 | 50% |
| Built year | 2007 | 2008 | 50% |
| HOA | $300.0 | $300 | 50% |
| Days on market | 16 | 202 | 7% |
Apr 6, 2026
$480,000
Initial Listing
Jul 21, 2022
$480,000
Public Record
Feb 24, 2022
$443,000
Public Record
Jun 10, 2019
$303,000
Public Record
Jan 11, 2010
$149,000
Public Record
Aug 31, 2007
$313,500
Public Record