713 Walnut, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 2 bed, 1 bath
713 Walnut
Lake Elsinore, California 92530
Property Price
SUMMARY
Analysis of 713 Walnut, Lake Elsinore, California 92530 is currently available with a list price of $325,000. 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.
The property has just undergone a comprehensive, full renovation of the entire condo, including brand new vinyl flooring, kitchen cabinets, quartz countertops, bathroom vanity, paint, baseboards, faucets, and sinks. Key appliances (washer, dryer, dishwasher, microwave, garbage disposal) and the heating system are all less than 18 months old. The interior is virtually new, modern, and move-in ready, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Recent Renovation
The entire condo has just undergone a full renovation, featuring brand new vinyl flooring, cabinets, quartz countertops, vanity, baseboards, paint, faucets, and sinks, offering a modern and move-in ready interior.
- Newer Appliances & Heating System
Key appliances including washer, dryer, dishwasher, microwave, garbage disposal, and the heating system are all less than 18 months old, reducing immediate replacement costs for the buyer.
- Prime Unit Placement & Privacy
As an upstairs corner unit, it offers enhanced privacy with only one shared wall, no neighbors above or below, and features a large private balcony.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 1742.
- High Association Fee
The monthly association fee of $430 is relatively high for a 945 sqft, 2-bedroom, 1-bathroom condo, adding a significant recurring cost to homeownership.
- Absence of Central Air Conditioning
While a new heating system is mentioned, there is no indication of a cooling system, which could be a significant drawback during Lake Elsinore's hot summer months.
About 713 Walnut
The owner just finished renovation of the entire condo. list of upgrades includes brand new vinyl flooring in the entire condo, brand new cabinets, brand new quartz countertop, brand new vanity with quartz countertop, new baseboards, new paint in entire of the condo, brand new faucets and sinks. also, less than 18 months new washer and dryer, dish washer, microwave, garbage disposal and new heating system. Ready to move in upstairs corner unit with large balcony, very private with only one sharing wall, no one living below or above the unit. The condo has two large bedrooms and it's conveniently located near schools, park, grocery market, restaurants, and the lake of course. Commute friendly near both 74 and 15 freeways. Very open and airy feeling with generous living space and oversized kitchen and lots of cabinets and counters. The unit also features a large dining area that leads to the spacious living room and a large balcony with views. This condo sits on top of it's own one car garage, and also has one assigned parking space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 1 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $430.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 1.0 | 2.5 | 19% |
| Square foot | 945 | 1,642 | 19% |
| Lot Size | 1 | 1,429.5 | 13% |
| Price | $325.0K | $447.5K | 19% |
| Price per sq ft | $344 | $282 | 88% |
| Built year | 1986 | 2016 | 31% |
| HOA | $430.0 | $229 | 88% |
| Days on market | 117 | 174 | 13% |
Pricing History
Listed for Sale
Nov 11, 2025
$325,000
Initial Listing
Sold
Oct 22, 2018
$160,000
Public Record
Sold
Apr 30, 2009
$55,000
Public Record
Sold
Nov 15, 2005
$175,000
Public Record
Sold
May 3, 2002
$86,000
Public Record
Sold
Oct 12, 2001
$50,000
Public Record