505 Pablo, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
505 Pablo
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 505 Pablo, Lake Elsinore, California 92530 is currently available with a list price of $499,900. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2022, placing it well within the 10-year threshold for an excellent rating. It features modern construction standards, brand-new carpet, and fresh paint throughout. The kitchen and bathrooms reflect contemporary styles with updated appliances and fixtures, showing no signs of deferred maintenance or physical depreciation.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Construction & Turnkey Condition
Built in 2022 and featuring brand-new paint and carpet, this home offers the benefits of modern building standards and a completely move-in-ready experience for the next owner.
- Strategic Commuter Location
Ideally situated with quick access to the freeway in the growing Lake Elsinore community, this property is perfect for professionals seeking a streamlined daily commute.
- Competitive Market Value
Currently listed at $499,900, the property is priced significantly below its 2022 sale price of $530,000, representing a strong value proposition and potential for immediate equity.
CONSRISKS & DEFICIENCIES
- Condominium Constraints
As a condominium, the property involves shared walls and lacks a private yard, which may be a drawback for buyers seeking maximum privacy or outdoor autonomy.
- HOA Fees and Regulations
The requirement of a monthly association fee and adherence to community rules adds a recurring cost and limits the owner's control over exterior modifications.
About 505 Pablo
Welcome to this beautifully maintained newer construction condo in the growing community of Lake Elsinore. Ideally situated close to the freeway for easy commuting, this home offers both comfort and convenience. Step inside to discover fresh new paint and brand-new carpet, creating a clean, modern feel throughout. The thoughtfully designed floor plan provides comfortable living spaces perfect for relaxing or entertaining. Enjoy low-maintenance living in a well-kept community while being just minutes from shopping, dining, and everyday amenities. Whether you're a first-time buyer, downsizing, or looking for an investment opportunity, this move-in-ready condo is a fantastic find.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2022
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $154.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,667 | 1,737 | 50% |
| Lot Size | - | 1,429.5 | 13% |
| Price | $499.9K | $499.9K | 50% |
| Price per sq ft | $300 | $282 | 56% |
| Built year | 2022 | 2024 | 50% |
| HOA | $154.0 | $229 | 6% |
| Days on market | 15 | 174 | 6% |
Pricing History
Listed for Sale
Feb 20, 2026
$499,900
Initial Listing
Sold
Sep 27, 2022
$530,000
Public Record