620 Parkview Drive, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
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620 Parkview Drive
Lake Elsinore, California 92530
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,058Sq Ft
993Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$328,693
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $300,000—positioned well below the $328,693 Fair Market Value by 8%. This valuation gap offers $28,693 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), this corner-style condominium requires significant renovation, making it a strategic asset for Fix-and-Flip Investors or Buy-and-Hold Investors. Located near Machado Park and the Lake Elsinore Unified district, this unit offers high-potential upside for those prepared to manage an as-is acquisition.
Estimated Market Value
$328,693+$28,693 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 620 Parkview Drive Subject 2 bd · 1 ba · 1,058 sqft · $311 | $300,000* List Price | 2 | 1 | 1,058 | $311 | - |
A 282 Parkview Drive Sold 2 bd · 1 ba · 944 sqft · $318 · 0.1 mi | $300,000 | 2 | 1 | 944 | $318 | 0.1 mi |
B 16377 Lakeshore 2d Sold 2 bd · 2 ba · 791 sqft · $365 · 0.4 mi | $289,000 | 2 | 2 | 791 | $365 | 0.4 mi |
C 16377 Lakeshore Sold 2 bd · 2 ba · 785 sqft · $363 · 0.4 mi | $285,000 | 2 | 2 | 785 | $363 | 0.4 mi |
D 274 Parkview Place Active 2 bd · 2 ba · 1,150 sqft · $295 · 0.1 mi | $339,000 List Price | 2 | 2 | 1,150 | $295 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1985 (41 years old), this property is explicitly marketed as an 'investor special' and 'diamond in the rough' for a 'fix and flip.' The lack of interior access and 'as-is' sale status strongly suggests significant rehab is required, meeting the criteria for a property over 30 years old with likely safety or structural needs.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Potential
Positioned as a 'diamond in the rough,' this property offers significant equity upside for investors seeking a fix-and-flip opportunity or a long-term rental holding in a desirable neighborhood.
- Prime Location
The condo is ideally situated near Machado Park, local schools, and Lakeside recreation, providing excellent lifestyle appeal for future residents.
- Desirable Unit Features
As a corner-style unit with an attached garage, the property offers more privacy and functional storage compared to standard interior condominium units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =993, other record lot size in square feet = 871.
- Restricted Access and Inspection
The property is sold strictly as-is without interior viewings or inspections, which presents a high level of risk regarding the unknown condition of the living space.
- Financing Limitations
The strong preference for cash offers and the 'as-is' condition likely disqualify traditional mortgage buyers, significantly narrowing the pool of potential purchasers.
About 620 Parkview Drive
DIAMOND IN THE ROUGH! Investor special in Lake Elsinore. This corner-style condo unit features 995+- SF of living space and an attached garage. situated in a highly desirable neighborhood near Machado Park, local schools and minutes from Lakeside recreation. PROPERTY IS SOLD STRICTLY AS-IS WITHOUT INTERIOR VIEWINGS OR INSPECTIONS, AT THIS TIME. Terrific long-term holding potential or fix and flip opportunity once possession is secured. Cash offers strongly preferred.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 993 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,058 | 1,604.241 |
| Lot Size | 993 | 1,588.276 |
| Price | $300.0K | $427.1K |
| Price per sq ft | $284 | $270 |
| Built year | 1985 | 2012 |
| HOA | $300.0 | $298 |
| Days on market | 18 | 85 |
Pricing History
Listed for Sale
Oct 7, 2026
$300,000
Initial Listing
Sold
Jul 13, 2000
$60,000
Public Record