tomo logo

$489,000

Beds
2
Baths
2.0
sq ft
728

328 Avenue 1, Lake Elsinore, CA 92530

328 Avenue 1

Lake Elsinore, CA 92530

  • 1 day on market
    • Open house Feb 23
Welcome to 328 Avenue 1 in Lake Elsinore, CA – a fully remodeled gem offering modern comforts and incredible potential! This cute and cozy home has been beautifully renovated, featuring a brand-new garage conversion, a Built with permit in 2025, a 200 sq ft Studio ADU perfect for a home office, guest suite, or rental income. All New Windows, Exterior Siding, Landscaping and Paint Inside and out. Move in Ready! The property boosting rental potential to as much as $3,000 per month. Enjoy the benefits of a brand-new solar system, providing energy efficiency and cost savings. With RV parking, a spacious backyard, and a bonus shed for additional storage or a workshop, this home is designed for convenience and versatility. Additionally, option to add a Junior ADU of up to 1,000 sq ft. Plus, Elsinore Valley Septic to Sewer Conversion at no Cost. Whether you're an investor, a growing family, or seeking a multi-generational living space, this property offers endless possibilities in a highly sought-after location. Don't miss out!

Details

Property type

Single Family Residence

Est. home value

$341,467

Lot size

5,663 sq ft

Price per sq ft

$672

Year built

1948

HOA

No

Price History

02/21/2025
CRMLS

CRMLS #OC25038846

Listed
$489,000
+43.82%
07/26/2024
CRMLS

CRMLS #SW24124229

Sold
$340,000
-1.45%
06/27/2024
CRMLS

CRMLS #SW24124229

Pending
$345,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Park

High school district: 

Lake Elsinore Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$254,144
Asking price
$489,000
Closing costs (~8% of asking)
-$39,120
Est. remaining loan balance
-$195,736
Cash to seller
$254,144

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Navy Fcu

Loan start date

August 2021

Original loan amount

$212,000

Est. remaining balance

$195,736

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Andrew Zuniga

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 6:10 AM

Listing updated: 02/22/2025 at 6:50 PM

Listed by: Navid Nooryshokry, Navid Nooryshokry, Keller Williams OC Coastal RealtyKeller Williams OC Coastal Realty Phone #: (949) 373-1600

MLS: CRMLS #OC25038846

CRMLS logo

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