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1005 West Sumner, Lake Elsinore, CA 92530

$550K3bd · 2ba · 1,450 sqft
Lot 8,712 sqft•Single Family Residence•
Active
•96d on market•MLS# IG-26165764

Property Description

Welcome to 1005 W. Sumner Avenue, where comfort, opportunity, and location come together in the heart of Lake Elsinore. This charming single-story home offers an inviting layout with abundant natural light and a spacious lot featuring endless possibilities. Enjoy beautiful lake and hillside views while being just minutes from Historic Downtown Lake Elsinore, shopping, dining, schools, and convenient freeway access. Recent upgrades include double pane windows, remodeled kitchen with new cabinets, countertops and appliance. Also newly remodeled baths, and upgraded tile and laminate flooring. Fresh paint in out completes the fresh and inviting look of this home. The generous lot provides ample space for outdoor entertaining, gardening, or future expansion. Buyers will appreciate the potential for an ADU (buyer to verify with the City), making this property an excellent opportunity for multigenerational living or added rental income. Whether you’re a first-time homebuyer, investor, or looking to downsize, this home offers incredible value and versatility in a rapidly growing community. Don’t miss your chance to own a property with character, peaceful views, and future potential! Plan your visit today!

Features & Amenities

FeeBuilt 1968

Property Details

Land Type
Fee
Year Built
1968
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
Wall/Window Unit(s)
View
Hills, Lake
City
Lake Elsinore
Zip Code
92530
County
Riverside
Listed byAlta Realty Group, Liane Thomas

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,781.10
Principal & Interest
Loan Amount
$440,000
Total Interest
$561,196
Total Payment Over 30 Years
$1,001,196
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

1005 West Sumner, Lake Elsinore, CA 92530

Lake Elsinore · Single Family Residence

$550K
Affordable Tier
Beds
3
Baths
2
Sqft
1,450
Lot
8,712 sqft
Year
1968
$/Sqft
$379
Pool: No✓
View: Hills, Lake✓

Listed in line with the median closed sale of $545,000. Price per sqft ($379) is a 14% premium to closed comps ($333). Expect a longer timeline — comps averaged 142 days on market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $550K· $379/sqft
Total list price
Closed comps
vs closed median $545K
+$5K (+0.9%)
Active comps
vs active median $535K
+$15K (+2.8%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $369
+$10 (+2.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1205 PotteryLake Elsinore1964321,2486,098$381$474,9801193
315 DavisLake Elsinore2024321,4438,712$371$535,0001487
314 AcaciaLake Elsinore1957211,1505,663$413$475,000574
17249 Mcbride AvenueLake Elsinore1983321,8447,841$312$575,00012870
30492 Illinois StreetLake Elsinore2026331,6003,920$369$590,0001569
Total: 5 · Average2.82.01,4576,446.8$369.2$529,99634.6
Median1,443$535,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
401 PotteryLake Elsinore202302/06/2026321,4457,841$499,000$512,000$3541.0312179
206 SilverLake Elsinore202307/24/2026321,9507,841$624,900$605,000$3100.9712478
221 Matich StreetLake Elsinore196307/13/2026211,0086,098$489,900$490,000$4861.0032178
313 Silver StreetLake Elsinore200411/10/2025331,5919,148$529,900$545,000$3431.033277
30400 MortonLake Elsinore199002/04/2026743,3605,663$598,000$570,000$1700.9511342
Total: 5 · Average3.62.41,870.87,318.2$544,400$544,400$332.6—142.2
Median1,591$545,000$545,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.