950 Helena Ridge, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 3 bed, 3 bath
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Lake Elsinore, California 92530
This Modern Turnkey Condominium is a Prime Investment Opportunity, listed at $499,900—positioned well below the $524,816 Fair Market Value by 4%. This valuation gap provides $24,916 in Instant Equity, further bolstered by $10,000 in closing cost assistance. Boasting an Excellent Condition Rating, the 2022-built interior features quartz countertops, shaker cabinetry, and scenic hill views. Located in the Lake Elsinore Unified district near the lake, it offers a premium lifestyle with immediate financial upside. This is an ideal match for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 950 Helena Ridge Subject | $499,900* List Price | 3 | 3 | 1,771 | $296 | - |
A 1800 E Lakeshore 306 Sold | $395,000 | 3 | 3 | 1,477 | $267 | 0.7 mi |
B 505 Pablo Active Under Contract | $499,900 List Price | 3 | 3 | 1,667 | $300 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is virtually new and meets all current quality standards. The interior features a modern open-concept layout with luxury wood-look flooring, recessed lighting, and a contemporary kitchen equipped with white shaker cabinetry, quartz countertops, and stainless steel appliances. All systems and finishes, including the bathrooms and carpets, show no signs of wear or deferred maintenance.
Built in 2022, this modern residence offers the latest in energy efficiency, contemporary finishes, and the peace of mind associated with newer building systems and structural integrity.
The property offers highly attractive financial perks, including $10,000 in closing cost assistance and low-to-no down payment financing options, making it exceptionally accessible for first-time buyers.
Ideally situated minutes from both the lake and downtown Lake Elsinore, the home provides convenient access to outdoor recreation, local dining, and shopping hubs.
As a condominium unit, the property involves shared walls and monthly association fees, which may limit privacy and owner autonomy compared to a detached single-family home.
The current list price of $499,900 is notably lower than the 2022 sale price of $530,000, suggesting a recent dip in market value for this specific unit or complex.
Welcome home to this charming 3-bedroom, 2.5-bath residence nestled in the heart of Lake Elsinore. Offering 1,771 square feet of comfortable living space, this inviting home perfectly blends convenience and cozy living. Step inside to find a bright and welcoming layout designed for both everyday living and easy entertaining. The spacious living areas create a natural flow, while the bedrooms provide a peaceful retreat at the end of the day. Ideally located just minutes from the lake and vibrant downtown, you’ll enjoy easy access to local dining, shopping, and outdoor recreation. Whether you're taking a relaxing stroll by the water or exploring nearby amenities, this location truly has something for everyone. With its warm atmosphere, thoughtful layout, and prime location, this home is the perfect place to create lasting memories. Buyers may qualify for $10K in closing cost assistance and low/no down payment financing due to property location - ask for details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,771 | 1,807 | 45% |
| Lot Size | - | 1,473 | 23% |
| Price | $499.9K | $500.0K | 45% |
| Price per sq ft | $282 | $276 | 68% |
| Built year | 2022 | 2025 | 45% |
| HOA | $167.0 | $229 | 9% |
| Days on market | 26 | 193 | 5% |
Mar 27, 2026
$499,900
Initial Listing
Aug 12, 2022
$530,000
Public Record