1051 Rock Springs Road 135, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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1051 Rock Springs Road 135
Escondido, California 92026
ACTIVE
CONDITION: GOOD
2Beds
2Baths
928Sq Ft
0Lot Size
Property Price
LIST PRICE$349,000
EST. MARKET VALUE
$373,536
6% BelowMARKET VALUE
SUMMARY
This 2-bedroom, 2-bath condominium represents a Strong Value Opportunity, listed at $349,000—positioned well below the $373,536 Fair Market Value by 6%. This valuation gap offers $24,536 in Instant Equity for the buyer. With a Condition Rating of 3, the unit features updated laminate flooring and a move-in-ready interior. Residents enjoy a community pool, spa, and private balcony. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic, commuter-friendly location near the I-15.
Estimated Market Value
$373,536+$24,536 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 |
|---|---|---|---|---|---|---|
★ 1051 Rock Springs Road 135 Subject | $349,000* List Price | 2 | 2 | 928 | $403 | - |
A 240 W Lincoln Ave 39 Sold | $406,000 | 2 | 2 | 873 | $465 | 0.7 mi |
B 1240 N Broadway 54 Sold | $349,000 | 2 | 2 | 854 | $409 | 1.0 mi |
C 830 W Lincoln Ave 182 Sold | $330,000 | 2 | 1 | 787 | $419 | 0.2 mi |
D 1240 N Broadway Unit 30 Sold | $365,000 | 2 | 2 | 854 | $427 | 1.0 mi |
E 1350 N Escondido Boulevard 37 Sold | $350,000 | 2 | 2 | 921 | $380 | 0.9 mi |
F 1240 North Broadway 5 Sold | $350,000 | 2 | 2 | 854 | $410 | 1.0 mi |
G 145 W El Norte Pkwy 112 Sold | $420,000 | 2 | 2 | 864 | $486 | 0.8 mi |
H 1051 Rock Springs Active | $289,000 List Price | 2 | 1 | 821 | $352 | 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.
While the building was constructed in 1980, the interior is move-in ready with recent cosmetic renovations including updated laminate flooring and a modernized bathroom vanity. The unit appears well-maintained and functional, though the exterior and general complex systems reflect the 44-year age of the property.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Market Value
Priced at $349,000, this property represents one of the most affordable 2-bedroom, 2-bathroom opportunities in North County, offering significant appeal for first-time buyers and investors.
- Ground-Floor Accessibility
The unit is conveniently located on the ground floor and features updated laminate flooring and a large private balcony, providing ease of access and a move-in-ready interior.
- Strategic Commuter Location
Situated with immediate access to I-15 and Highway 78, the property offers excellent connectivity to downtown Escondido, local parks, and major shopping centers.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $650 is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for potential buyers.
- Lack of In-Unit Laundry
The property relies on shared on-site laundry facilities rather than having private in-unit hookups, which is a common preference for modern condominium buyers.
About 1051 Rock Springs Road 135
Move-in ready and offering exceptional value, this ground-floor 2-bedroom, 2-bath condo in Rock Springs West features updated laminate flooring, a spacious layout, and a large private balcony. Residents enjoy access to a community pool and spa, on-site laundry facilities, a reserved covered parking space, and additional guest parking throughout the complex. One of the lowest-priced 2-bedroom, 2-bath homes in North County, this property is conveniently located just minutes from downtown Escondido, parks, shopping, and dining, with quick and easy access to the I-15 and Highway 78. A great opportunity for a first-time buyer, investor, or anyone seeking an affordable home in a convenient location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 928 | 981.357 |
| Lot Size | - | 156,162.536 |
| Price | $349.0K | $427.2K |
| Price per sq ft | $376 | $428 |
| Built year | 1980 | 1980 |
| HOA | $650.0 | $555 |
| Days on market | 16 | 76 |
Pricing History
Listed for Sale
Aug 24, 2026
$349,000
Initial Listing
Sold
May 4, 2020
$239,000
Public Record
Sold
Nov 21, 2000
$80,000
Public Record