428 Granite, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 4 bed, 3 bath
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428 Granite
Lake Elsinore, California 92530
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,100Sq Ft
7,405Lot Size
Property Price
LIST PRICE$599,999
EST. MARKET VALUE
$598,440
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $599,999—positioned well below the $598,441 Fair Market Value (effectively at market). Featuring a Condition Rating of 3, the home includes modern infrastructure like Solar Panels, a Newer HVAC, and a Newer Water Heater. With No HOA and No Mello-Roos, the property offers significant long-term financial efficiency. The 7,405 sqft lot provides a blank canvas for customization, making this an ideal acquisition for Owner-Occupants or first-time buyers seeking a solid, value-add foundation.
Estimated Market Value
$598,440
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 Granite Subject 4 bd · 3 ba · 2,100 sqft · $285 | $599,999* List Price | 4 | 3 | 2,100 | $285 | - |
A 206 Silver Sold 3 bd · 2 ba · 1,950 sqft · $310 · 1.0 mi | $605,000 | 3 | 2 | 1,950 | $310 | 1.0 mi |
B 308 Avenue 6 Sold 4 bd · 2 ba · 1,592 sqft · $352 · 0.9 mi | $560,000 | 4 | 2 | 1,592 | $352 | 0.9 mi |
C 406 Lookout Sold 2 bd · 2 ba · 1,336 sqft · $337 · 0.1 mi | $450,000 | 2 | 2 | 1,336 | $337 | 0.1 mi |
D 500 Enzo Sold 3 bd · 3 ba · 1,667 sqft · $327 · 0.5 mi | $545,000 | 3 | 3 | 1,667 | $327 | 0.5 mi |
E 511 Lookout Street Active 4 bd · 2 ba · 1,511 sqft · $331 · 0.1 mi | $500,000 List Price | 4 | 2 | 1,511 | $331 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, this 20-year-old home is well-maintained and move-in ready. It features critical system updates including a newer HVAC, water heater, and solar panels. While the bathrooms and some flooring reflect original builder-grade finishes that are now dated, the home is functional and the major mechanical components are recently serviced or replaced.
PROSSTRENGTHS & OPPORTUNITIES
- Financial Efficiency
The property offers significant monthly savings with no HOA fees and no Mello-Roos assessments, a rare find for a 2006-built home in this region.
- Modern Infrastructure Upgrades
Key high-ticket items are already addressed, including solar panels, a newer HVAC system, a newer water heater, and updated appliances, reducing immediate capital expenditures.
- Spacious Lot and Layout
The 2,100 sqft four-bedroom floor plan paired with a generous 7,405 sqft lot provides ample interior space and a large backyard with significant potential for customization.
CONSRISKS & DEFICIENCIES
- Cosmetic Completion Required
The property is positioned as a 'solid starting point' needing 'finishing touches,' implying that buyers will need to invest additional time and capital into aesthetic renovations.
- Unfinished Landscaping
The backyard is described as a 'blank canvas,' which suggests a lack of existing hardscape or mature landscaping, requiring a budget for outdoor development.
About 428 Granite
Opportunity, value, and room to make it your own! 428 Granite Street offers a solid starting point for buyers looking to personalize a home and bring their vision to life. Featuring newer appliances, a newer water heater, an HVAC system, and solar, several key features are already in place, leaving room to add your own style and finishing touches. The spacious backyard is a standout feature, offering a blank canvas to create an outdoor space that fits your lifestyle. Imagine a patio for weekend barbecues, a garden, an inviting place to relax, or a custom outdoor entertaining area. With room to dream and space to create, the possibilities are yours to explore. Enjoy convenient freeway access for commuting and everyday travel, along with the added benefit of **no HOA and no Mello-Roos**. Whether you're a first-time buyer looking to make a home your own or simply searching for a property with potential, this is an opportunity to create something special in Lake Elsinore.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,100 | 2,014.188 |
| Lot Size | 7,405 | 7,537.856 |
| Price | $600.0K | $605.8K |
| Price per sq ft | $286 | $297 |
| Built year | 2006 | 2005 |
| HOA | $0 | $143 |
| Days on market | 4 | 70 |
Pricing History
Listed for Sale
Oct 21, 2026
$599,999
Initial Listing
Sold
Sep 21, 2016
$322,000
Public Record
Sold
Jul 2, 2008
$225,000
Public Record
Sold
Aug 3, 2006
$495,000
Public Record
Sold
Mar 31, 2005
$60,000
Public Record
Sold
Jul 15, 2004
$45,000
Public Record
Sold
Jun 24, 2004
$7,500
Public Record