309 E Franklin Street, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 2 bath
309 E Franklin Street
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 309 E Franklin Street, Lake Elsinore, California 92530 reveals a Fairly Priced Property with a current list price of $519,000 aligned with the estimated $504,261 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 E Franklin Street Subject | $519,000* List Price | 4 | 2 | 1,187 | $425 | - |
A 507 Ellis Street Sold | $500,000 | 4 | 2 | 1,300 | $385 | 0.4 mi |
B 401 401 W Pottery Sold | $512,000 | 3 | 2 | 1,445 | $354 | 0.5 mi |
C 378 Avenue 2 Sold | $495,000 | 3 | 2 | 1,032 | $480 | 0.6 mi |
D 513 Lookout Pending | $455,000 List Price | 3 | 2 | 1,254 | $363 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1925, the property has undergone a comprehensive 'A to Z' professional renovation within the last year. The remodel includes major structural and system upgrades such as new studs, rafters, roofing, plumbing, electrical, and a central HVAC system. The interior features high-quality modern finishes including quartz countertops, custom cabinetry, porcelain tile, and recessed lighting, meeting the criteria for a fully renovated home with no deferred maintenance.
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 = 8276, living area = 1187.
- Comprehensive Modern Renovation
The property has undergone a complete 'A to Z' remodel with all plans and permits finalized, including new structural studs, rafters, roofing, plumbing, and electrical systems for a truly turn-key experience.
- High-End Interior Finishes
The interior features premium upgrades such as quartz stone countertops, custom cabinetry, porcelain tile flooring, and a brand-new central air and heat system, providing a contemporary and comfortable living environment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1187, other record living area = 558. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Lack of Covered Parking
The property does not feature a garage or a carport, which may be a drawback for buyers seeking protected vehicle storage or additional workshop space.
- Compact Layout
With four bedrooms configured within 1,187 square feet, the individual room sizes and common living areas may feel restrictive for families requiring more spacious accommodations.
About 309 E Franklin Street
FULLY REMODELED FROM A TO Z! ALL PLANS AND PERMITS WERE DONE. (PROPERTY IS LEGALLY 4/2 - 1,187 SQFT) NEW DUAL PANE WINDOWS. CENTRAL AIR AND HEAT SYSTEM INSTALLED. NEW CUSTOM PORCELAIN TILE FLOORING IN KITCHEN, BATHROOMS, AND LAUNDRY ROOM. NEW GRAY RUSTIC STYLE LAMINATE FLOORING IN LIVING ROOM, HALLWAYS, AND BEDROOMS. THE KITCHEN IS BRAND NEW. NEW CUSTOM KITCHEN CABINETS, NEW QUARTZ STONE COUNTERS, NEW GARBAGE DISPOSAL, NEW PULL-OUT FAUCET. TWO FULL BATHROOMS: NEW BATHTUB, NEW TILED UP SHOWERS WALLS WITH ELEGANT MOSAIC DESIGN, NEW VANITIES. NEW TOILETS. ALL NEW PLUMBING FIXTURES. ALL NEW PLUMBING/ELECTRICAL. NEW RECESSED LIGHTS, NEW LIGHT FIXTURES. LAUNDRY AREA INSIDE. ALL NEW DRYWALL. ALL NEW STUDS, REPAIRED FRAMING, ALL NEW RAFTERS, ALL NEW ROOFING. BRAND NEW TANKLESS WATER HEATER. NO GARAGE OR CARPORT. FHA/VA/DOWN PAYMENT ASSISTANCE-OK!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,187 | 1,857 | 10% |
| Lot Size | 8,276 | 7,841 | 58% |
| Price | $519.0K | $590.0K | 21% |
| Price per sq ft | $437 | $319 | 92% |
| Built year | 1925 | 2004 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 194 | 2% |
Pricing History
Listed for Sale
Feb 17, 2026
$519,000
Initial Listing
Sold
Feb 28, 2024
$270,000
Public Record
Sold
Feb 27, 2024
$260,000
Public Record
Sold
May 31, 2006
$250,000
Public Record
Sold
Dec 20, 2000
$56,000
Public Record
Sold
Aug 31, 2000
$38,500
Public Record