1 day on Rocket
#OC25172039, Mohsen Abbasi, Listing office: iPro Real Estate
#SW25155368·
Listing office: Abundance Real Estate·
Listing agent: Misty Cochren·
Listing office phone: 909-214-2355
$700,000 List price
250 E Prospect St Lake Elsinore, CA 92530
2 beds
1 full
1,421 sqft
0.8 acres
$493 / sqft
House
Property details
About 250 E Prospect St
Investor’s Dream with Unmatched Lake Views and Development Potential! Welcome to 250 E Prospect — a 2-bedroom, 1-bath home just a short walk from the heart of historic downtown Lake Elsinore. Perched on a hilltop with panoramic views of the lake and city, this property is truly a rare find. What makes this opportunity exceptional? It includes four additional parcels, totaling nearly 4 acres of land, all included in the price! Whether you're looking to build, expand, or create income-producing opportunities, the possibilities are endless. With its prime location, breathtaking scenery, and development potential, this is the kind of investment that doesn’t come around often. Whether you’re dreaming of a hillside retreat, vacation rentals, or a multi-unit venture—this one checks all the boxes.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
Size1,421 sqft
Lot size0.79 Acres
Year built1924
ParkingGarage
MLS #SW25155368
Garage2 spaces
FireplaceLiving Room
ViewCity Lights, Lake, Mountain(s)
Summary
- Full Bathrooms: 1
- Interior: All Bedrooms Down
- Fireplace: Living Room
- Total Bedroom Count: 2
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Parking: Garage
- View: City Lights, Lake, Mountain(s)
- Heating: Central
- Cooling: None
- List Price: $700,000
- Price/SqFt: $492
- HOA Amount: $0
- Annual Tax Amount: $2,094
- Tax Year: 2024
- Directions: Get off on Main St from 15FWY go left on Prospect and the home will be on the right when it dead ends
- Year Built: 1924
- Stories: 1
- Living Area: 1,421 SqFt
- Lot Size: 0.79 Acres
- MLS Number: SW25155368
- MLS Name: CRMLS
- Office Name: Abundance Real Estate
- Office Phone: (909) 214-2355
- Listing Agent: Misty Cochren
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 12:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $196,773 | $2,094 |
| 2023 | $192,916 | $2,068 |
| 2022 | $189,134 | $2,028 |
| 2021 | $185,426 | $1,989 |
History based on county public records data.
Nearby schools
3
Elsinore Elementary School
Public District KG-5
0.6 mi
•512 W Sumner Ave
5
Railroad Canyon Elementary School
Public District KG-5
0.9 mi
•1300 Mill St
5
Earl Warren Elementary School
Public District KG-5
2.1 mi
•41221 Rosetta Canyon Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,930. Typical income of Lake Elsinore, CA residents is less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
54%
<35k
35%
35k-100k
11%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
16%
Single, with Kids
17%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
27%
18-34 yrs old
38%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
College Football
Figure Skating
Pro Wrestling
Where do the neighbors shop?
Express/Express For Men
Kmart
Family Dollar
Where do the neighbors go to eat?
Sonic
Bob Evans
Dominos Pizza
What do the neighbors drive?
Kia
Buick
Ford
What do the neighbors listen to?
New Country
Oldies
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 250 E Prospect St
The listing price of 250 E Prospect St property is $700,000.
The property 250 E Prospect St is a house located in Lake Elsinore, California, 92530.
Active Listing: 250 E Prospect St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 250 E Prospect St are: Elsinore Elementary School (GreatSchools Rating 3/10), Railroad Canyon Elementary School (GreatSchools Rating 5/10), Earl Warren Elementary School (GreatSchools Rating 5/10), Elsinore Middle School (GreatSchools Rating 3/10), Lakeland Village School (GreatSchools Rating 3/10), Julia Lee Performing Arts Academy (GreatSchools Rating 4/10), Ortega High School (GreatSchools Rating 4/10), Keith Mccarthy Academy (GreatSchools Rating 3/10), Temescal Valley High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $2,094 (source: MLS/based on county public records data).
The property at 250 E Prospect St has 2 bedrooms and 1 bathroom.
The property 250 E Prospect St is 1,421 SqFt (source: MLS/tax record).
The year of construction for 250 E Prospect St is 1924.
This home is located at 250 E Prospect St in Lake Elsinore, CA and zip code 92530 in the Lake Elsinore Historic District neighborhood. This 1,421 square foot home, which was built in 1924, sits on a 0.79 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $700,000.
While more than 25 listings in Lake Elsinore, CA in June 2025 were sold above asking price, there were more than 20 listings sold at asking price, and more than 25 were sold below. The number of listings in Lake Elsinore, CA decreased by 0.5% between May and June 2025. In June 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $600,000.
From Rocket Homes Real Estate and based on county public records data.