321 Avenue 12, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
Loading property details...
Lake Elsinore, California 92530
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $520,000—positioned above the $504,806 Fair Market Value. While the property requires cosmetic updates to address its Fair Condition Rating, the absence of HOA and Mello Roos fees significantly enhances long-term financial efficiency. Featuring a Granite Kitchen and scenic Lake and Hill Views, the home offers immediate value-add potential through interior modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable asset in a prime recreational location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 Avenue 12 Subject | $520,000* List Price | 3 | 3 | 1,705 | $296 | - |
A 1621 Park Way Sold | $510,000 | 4 | 2 | 1,615 | $316 | 0.1 mi |
B 350 Avenue 9 Sold | $565,000 | 4 | 3 | 1,900 | $297 | 0.1 mi |
C 308 Avenue 6 Sold | $560,000 | 4 | 2 | 1,592 | $352 | 0.3 mi |
D 29428 Golden Glove Pending | $579,000 List Price | 3 | 2 | 1,739 | $333 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993, this 31-year-old home falls into the 'Fair' category as it is largely dated and shows visible wear. While the kitchen has received a mid-life update with granite countertops, the bathrooms remain dated with original fluorescent light boxes and older fixtures. Photos show worn carpeting, wall scuffs, and an HVAC unit that appears to be an older model. The property requires cosmetic refreshing and minor repairs to meet modern standards.
The property features no HOA fees and no Mello Roos assessments, which significantly lowers the monthly cost of ownership and increases its appeal for both primary residents and investors.
The home offers a spacious layout with high ceilings and a kitchen upgraded with granite countertops and wood cabinetry, providing a contemporary feel and immediate move-in readiness.
Situated near Lake Elsinore and a modern golf course, the property provides scenic hill and lake views alongside convenient access to shopping centers, outlet malls, and outdoor recreation.
A price reduction occurring just eight days after the initial listing may suggest the property was originally overpriced for the current market, potentially impacting buyer confidence.
The 5,227 square foot lot is relatively standard for the area, which may limit privacy or the ability to add significant outdoor amenities like a large pool or extensive landscaping.
Single family home with three bedrooms and two and half baths. High ceiling super large living room with spacious space and abundance of sunshine. Big kitchen with upgraded granite counter tops and wood cabinets open to a very warm feeling family room with a fireplace for your holiday family gatherings. Large master bedroom with a full bath and walk-in closet; a middle size bedroom and another decorated baby room for your children and young kids. A large backyard for your gardening and barbecue in leisure time. Convenient location with a varietyof shopping centers, outlet malls and eastern and western cuisine restaurants. Located near the lake and a very modern golf course this is a nice place for fishing , hiking , biking , golf and all other sports activities. Nice mountain view yet convenient transportation to the business centers . Close to Temecula area for day trips. Low property tax and high price and return rate. No HOA and no Mello Roos ! No matter for your personal living or investment this house is a very must see !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,705 | 1,973 |
| Lot Size | 5,227 | 6,970 |
| Price | $520.0K | $601.5K |
| Price per sq ft | $305 | $293 |
| Built year | 1993 | 2004 |
| HOA | $0 | $146 |
| Days on market | 21 | 64 |
Jul 9, 2026
$520,000
$539,990
-4% Price Drop
Initial Listing
Jul 1, 2026
$539,990
Initial Listing
Sep 23, 2013
$245,000
Public Record
Oct 30, 2008
$170,000
Public Record
Oct 8, 2002
$216,000
Public Record