1040 E Washington 20, Escondido, California 92025, Escondido, 92025 - 1 bed, 1 bath
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1040 E Washington 20
Escondido, California 92025
ACTIVE
CONDITION: GOOD
1Beds
1Baths
865Sq Ft
161,233Lot Size
Property Price
LIST PRICE$225,000
EST. MARKET VALUE
$255,123
11% BelowMARKET VALUE
SUMMARY
This 1-bedroom condominium presents a High-Potential Investment Opportunity, listed at a List Price of $265,000—positioned well below the $277,894 Fair Market Value by 4%. This valuation gap offers $12,894 in Instant Equity. Featuring a Condition Rating of 3, the unit includes an updated Granite Kitchen and Central AC. While the HOA is notable, the gated community amenities provide strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry into the Escondido market.
Estimated Market Value
$255,123+$30,123 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 E Washington 20 Subject | $225,000* List Price | 1 | 1 | 865 | $295 | - |
A 1040 E Washington Sold | $275,000 | 1 | 1 | 865 | $318 | 0.0 mi |
B 1040 E Washington Avenue 33 Sold | $275,000 | 1 | 1 | 865 | $318 | 0.0 mi |
C 1060 E Washington Ave 5 Pending | $249,950 List Price | 2 | 2 | 936 | $267 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1981 but features a well-maintained, move-in ready interior with an updated kitchen including granite countertops, recessed lighting, and tile flooring throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value Proposition
Listed at $265,000, this property is priced significantly below its 2023 sale price of $365,000, offering substantial equity potential and a low entry point for the Escondido market.
- Comprehensive Community Amenities
Located in a secure gated community, residents enjoy premium amenities including a pool, spa, clubhouse, and elevator access, which enhance the overall lifestyle and desirability.
- Desirable Interior Features
The unit boasts a spacious 865 sqft open layout equipped with central air conditioning, a cozy living-room fireplace, and a private balcony, features often missing in older 1-bedroom condos.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =161233, other record lot size in square feet = 161151.
- High Monthly HOA Fees
The HOA assessment of $748 per month is notably high for a one-bedroom unit, which may impact buyer affordability and overall debt-to-income ratios for financing.
- Lack of In-Unit Laundry
The property relies on community laundry facilities rather than having in-unit hookups, which can be a significant convenience drawback for modern buyers.
About 1040 E Washington 20
Welcome to Escondido Village, a gated community conveniently located near shopping, dining, public transportation and major commuter routes. This 1-bedroom, 1-bath condominium offers approximately 865 square feet of comfortable living space with an open layout, a living-room fireplace, central air conditioning and a private balcony. The unit is on the 1st floor. Community amenities include a pool, spa, clubhouse, elevator, laundry facilities and assigned parking. The HOA assessment is $748 per month and is reported to include water, sewer, trash and common-area maintenance; buyer to verify all property and HOA information.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 161,233 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $748.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 865 | 981.357 |
| Lot Size | 161,233 | 156,162.536 |
| Price | $225.0K | $427.2K |
| Price per sq ft | $260 | $428 |
| Built year | 1981 | 1980 |
| HOA | $748.0 | $555 |
| Days on market | 23 | 76 |
Pricing History
Listed for Sale
Aug 24, 2026
$225,000
$265,000
-15% Price Drop
Initial Listing
Price Change
Aug 17, 2026
$265,000
Initial Listing
Sold
Oct 2, 2023
$365,000
Public Record
Sold
Aug 14, 2009
$57,000
Public Record
Sold
Apr 17, 2006
$210,000
Public Record
Sold
Jul 25, 2000
$55,000
Public Record
Sold
May 31, 1996
$42,000
Public Record