NOT LISTED FOR SALE

228 S Spring St Lake Elsinore, CA 92530

Lake Elsinore Historic District Neighborhood

Estimated Value: $621,000 - $757,000

5 Beds
3 Baths
3,263 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 22, 2021

Last sale price $640,000 $196 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,308/month

108 Days on Market

Highlights

  • Detached Guest House
  • Community Stables
  • Fishing
  • Golf Course Community
  • Dance Studio
  • 5-minute walk to Swick and Matich Park

About This Home

As of March 2021

OPPORTUNITY FOR INVESTMENT IN A RAPIDLY GROWING DOWNTOWN AREA THIS .60 AC/ZONED COMMERICAL MIX USE. THIS HISTORICAL CRAFTMAN 2764 SQ.FT. HOME WITH A SEPARATE STRUCTURE CONSISTING OF EST.1250 SQFT & VACANT LAND. *LAKE/MTS VIEW*PARLOR, BUILTIN CHINA CABINET*WOODBEAM CEILINGS*CROWN MOLDING*WOOD FLOORS*3 FIREPLACES*WINDOW MOLDING*CENTRAL HEAT/AIR*COPPER PLUMBING*MASTER SUITE* BOAST ENDLESS POSIBILITIES FOR THIS PROPERTY. THE OTHER STRUCTURE OF EST.1250 SQ.FT. CAN BE POSSILIBLE OFFICE/DANCE/STUDIO W/BATHROOM*OVERSIZED ENCLOSED CARPORT, *100FT RVPARKING* 4 ADJOINING LOTS IN ALL. (CHECK CITY FOR LAND USES) THE CITY OF LAKE ELSINORE MASTER PLAN IS SOUGHT TO PRESERVE THE HISTORIC ASSESTS WITHIN THE DOWNTOWN WHILE ALLOWING THE DOWNTOWN AREA TO EVOLVE AS A "CITY OF IT'S TIME" ZONED MIX USE: THIS DESIGNATION PROVIDES FOR A MIX OF RESIDENTIAL AND COMMERICAL USES WITHIN A SINGLE PROPOSED DEVELOPMENT AREA, THE POSSIBILITES ARE ENDLESS WITH AN EMPHASIS ON RETAIL, SERVICE, CIVIC AND PROFESSIONAL OFFICE USES. RESIDENTIAL USES ARE ALLOWED EITHER AS A STAND-ALONE PROJECT, OR IN COMBINATION W/COMMERICAL USES. PLEASE CHECK WITH THE CITY OF LAKE ELSINORE PLANNING DEPARTMENT FOR COMPLETE DETAILS.THIS PROPERTY IS A LEVEL CORNER LOT CONSISTING OF FOUR PARCELS (374-272-009, 08, 07 & 06) THIS VERY UNIQUE PROPERTY HAS GREAT POTENTIAL AND CENTRALLY LOCATED ON THE HEART OF LAKE ELSINORE COMMERICAL AREA. BEING JUST EAST FROM THE LAKE (within walking distance) MINUTES FROM 15 FWY & ALL CONVENIENT SERVICES

Last Listed By

Tony Cullors

HomeSmart Realty West License #01240905 Listed on: 11/13/2020

HomeSmart Realty West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,468

Year Built

  • Built in 1910

Lot Details

  • 0.6 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Drip System Landscaping
  • Corner Lot
  • Paved or Partially Paved Lot
  • Front and Side Yard Sprinklers
  • Private Yard
  • Lawn
  • Back and Front Yard
  • 006,007,009

Parking

  • 1 Car Garage
  • 3 Detached Carport Spaces
  • Parking Available

Property Views

  • Lake
  • Panoramic
  • Views of a landmark
  • Mountain
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Wood Product Walls
  • Composition Roof

Interior Spaces

  • 3,263 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Beamed Ceilings
  • Coffered Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stained Glass
  • Wood Frame Window
  • Window Screens
  • Double Door Entry
  • Sliding Doors
  • Panel Doors
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Dance Studio
  • Workshop
  • Home Gym
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Chute
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outbuilding

Additional Homes

  • Detached Guest House

Location

  • Across the Road from Lake or Ocean
  • Property is near a park
  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone System
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 374272008

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Built by HERITAGE HOME 1910
  • Community Lake
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land
  • Valley

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Community Stables
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,468

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 374272008
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, Open Floorplan, Phone System, Wainscoting, Wired for Data, Wood Product Walls
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Double Door Entry, Panel Doors, Sliding Doors
  • Fireplace Features: Dining Room, Family Room, Living Room, Wood Burning
  • Price Per Square Foot: 196.14
  • Room Type: Dance Studio, Entry, Exercise Room, Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Separate Family Room, Workshop
  • Window Features: Screens, Stained Glass, Wood Frames

Exterior Features

  • Foundation: Raised
  • Other Structures: Guest House Detached, Outbuilding, Workshop
  • Exterior Features: Satellite Dish
  • View: Lake, Landmark, Mountain(s), Neighborhood, Panoramic
  • Fence: Yes
  • Fencing: Chain Link
  • Builder Name: HERITAGE HOME 1910
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Electric: Standard
  • Heating Type: Central, Forced Air, Natural Gas, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, Individual Room, Laundry Chute, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Foothills, Golf, Hiking, Lake, Horse Trails, Park, Watersports, Mountainous, Preserve/Public Land, Stable(s), Sidewalks, Street Lights, Valley

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 006,007,009
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Lot 20000-39999 Sqft, Near Public Transit, Park Nearby, Paved, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 26321.00
  • Lot Size Acres: 0.6042
  • Latitude Manual: 33.66552600

Multi Family

  • Lot Size Area: 26321.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Lot: 0000
  • Tax Tract Number: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2020
Closed on
May 7, 2021
Sold by
Valle Blanca and Valle Bianca
Bought by
Valle Blanca
Seller's Agent
Tony Cullors
HomeSmart Realty West
Buyer's Agent
Tony Cullors
HomeSmart Realty West
List Price
$725,000
Sold Price
$640,000
Premium/Discount to List
-$85,000
-11.72%
Total Days on Market
108
Current Estimated Value
$673,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,333
Avg. Annual Appreciation
2.03%

Purchase Details

Closed on
Aug 3, 2019
Sold by
Compos Albert Carson and Compos Linda P
Bought by
Compos Albert Carson and Compos Linda P

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valle Blanca -- Wfg National Title Co Of Ca
Compos Albert Carson -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2021 03/22/21 Sold $640,000 -5.2% $196 / Sq Ft
12/09/2020 12/09/20 Price Changed $675,000 -6.9% $207 / Sq Ft
11/13/2020 11/13/20 For Sale $725,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,468 $556,035 $78,030 $478,005
2022 $914 $73,124 $4,351 $68,773
2021 $826 $71,691 $4,266 $67,425
2020 $819 $70,957 $4,223 $66,734
2019 $804 $69,567 $4,142 $65,425
2018 $790 $68,204 $4,061 $64,143
2017 $776 $66,868 $3,982 $62,886
2016 $752 $65,557 $3,904 $61,653
2015 $747 $64,575 $3,847 $60,728
2014 $724 $63,313 $3,773 $59,540
Source: Public Records

Agents Affiliated with this Home

  • Tony Cullors

    Seller's Agent in 2021

    Tony Cullors

    HomeSmart Realty West

    (951) 719-1262

    2 in this area

    26 Total Sales

    Tony Cullors
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20236493

California Regional Multiple Listing Service (CRMLS)

APN: 374-272-008

California Riverside County Lake Elsinore 92530 Lake Elsinore Historic District

228 S Spring St, Lake Elsinore, CA

Homes for Sale in Lake Elsinore, CA

This home is located at 228 S Spring St, Lake Elsinore, CA 92530 since 13 November 2020 and is currently estimated at $673,333, approximately $206 per square foot. This property was built in 1910. 228 S Spring St is a home located in Riverside County with nearby schools including Elsinore Elementary School, Elsinore Middle School, and Temescal Canyon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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