
Lake Elsinore, California 92530
This Functional Lakeside Condominium is a Strong Value Opportunity, listed at $320,000—positioned well below the $356,657 Fair Market Value by 10%. This valuation gap provides $36,657 in Instant Equity for incoming owners. While maintaining a Fair Condition Rating due to its 1985 construction, the home features a refreshed kitchen and rare hill views with no rear neighbors. Located steps from Machado Elementary School and the lake, it offers a blend of lifestyle convenience and appreciation potential. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 612 Parkview Subject | $320,000* List Price | 2 | 2 | 1,195 | $253 | - |
A 632 Parkview Sold | $312,000 | 2 | 2 | 1,150 | $271 | 0.0 mi |
B 655 Walnut Sold | $315,000 | 2 | 2 | 1,087 | $290 | 0.2 mi |
C 282 Parkview Drive Sold | $300,000 | 2 | 1 | 944 | $318 | 0.1 mi |
D 274 Parkview Place Active | $369,000 List Price | 2 | 2 | 1,150 | $321 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property falls into the 'Fair' category as it is dated and exceeds the 20-year threshold. While the kitchen has received a cosmetic refresh with paint and checkered flooring, the countertops and overall cabinetry style remain dated, and the property likely requires updates to major systems and bathrooms to meet modern standards.
Ideally situated within walking distance to the lake and steps from Machado Elementary School, offering exceptional convenience for families and outdoor enthusiasts.
Features a spacious outdoor area with fruit trees and no rear neighbors, providing a rare sense of privacy and tranquility seldom found in condominium living.
Includes highly desirable features such as an in-unit laundry room, a one-car detached garage plus an additional assigned space, and an HOA that covers water and trash.
The layout includes only one full bathroom located upstairs, which may be a drawback for households requiring more comprehensive facilities on the main level.
Built in 1985, the property may require further modernizations beyond the refreshed kitchen to meet contemporary aesthetic and energy-efficiency standards.
Welcome to this charming and well-located condo in Lake Elsinore, offering the perfect opportunity for first-time buyers, downsizers, or anyone seeking comfortable, low-maintenance living in a highly convenient area. Ideally situated within walking distance to the lake and just steps from Machado Elementary School, this home blends everyday convenience with a desirable neighborhood setting. Inside, you’ll find a functional and inviting 2-bedroom layout featuring 1 full bathroom upstairs and a convenient powder room downstairs. The home also includes the added benefit of an in-unit laundry room, providing everyday ease and practicality that is not always found in similar properties. The kitchen has been refreshed with freshly painted cabinetry and features fun, eye-catching checkered flooring that adds personality and charm to the space. The main living areas flow comfortably, creating an easy-to-live-in layout that feels warm and welcoming. One of the standout features of this home is the spacious outdoor area featuring fruit trees and no rear neighbors, offering a rare sense of privacy in condo living and an open feel that enhances both relaxing and entertaining outdoors. Parking is simple and convenient with a one-car detached garage located just steps from the unit, along with an additional assigned parking space right nearby—making daily life easy and accessible. The HOA covers water and trash service, helping to keep monthly expenses predictable and hassle-free. With its prime location, thoughtful layout, in-unit laundry, updated kitchen details, private outdoor space, and unbeatable convenience, this home is the perfect starter opportunity in the heart of Lake Elsinore.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,195 | 1,197.5 | 50% |
| Lot Size | - | 1,469 | 38% |
| Price | $320.0K | $355.0K | 42% |
| Price per sq ft | $268 | $273 | 31% |
| Built year | 1985 | 1990 | 38% |
| HOA | $300.0 | $263 | 58% |
| Days on market | 0 | 164 | 4% |
May 4, 2026
$320,000
Initial Listing
Nov 9, 2018
$204,000
Public Record
May 6, 2016
$145,000
Public Record
Sep 18, 2003
$120,000
Public Record
Jul 28, 2000
$64,000
Public Record