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1160 Erica St, Escondido, California 92027, Escondido, 92027 - 6 bed, 4 bath

1160 Erica St, Escondido, California 92027 home-pic-0
ACTIVE$1,325,000
1160 Erica St, Escondido, California 92027
6Beds
4Baths
2,670Sqft
8,400Lot

Price Vs. Estimate

The estimated value ($1,156,451.14) is $168,548.86 (12%) lower than the list price ($1,325,000). This property may be overpriced.

Key pros and cons

Top Pros:
Detached ADU: Features a fully functioning 3-bedroom, 2-bathroom detached Accessory Dwelling Unit, significantly enhancing property value and utility.
Top Cons:
Age of Main Home: Built in 1960, the main residence may require updates to systems (e.g., plumbing, electrical, HVAC) or cosmetic renovations to meet contemporary standards.

Compared to the nearby listings

Price:$1.32M vs avg $837.0K (+$488,000)94%
Size:2,670 sqft vs avg 1,748 sqft81%
Price/sqft:$496 vs avg $47856%

More Insights

Built in 1960 (65 years old).
Condition: Despite being built in 1960, this property has undergone an extensive and very recent renovation, both for the main house and the detached ADU. All kitchens and bathrooms feature modern cabinetry, new stainless steel appliances, contemporary fixtures, and stylish tile work. The entire property boasts new light wood-look laminate flooring, recessed lighting, and modern mini-split cooling/heating systems. The exterior has also been updated with fresh paint and landscaping, presenting as virtually new construction with no visible deferred maintenance.
Year Built
1960
Close
-
List price
$1.32M
Original List price
$1.32M
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
250041210SD
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

Welcome to this unique Escondido home that offers flexibility, space, and potential in all the right places! The main home features 3 bedrooms and 2 bathroom and two of those bedrooms and a full bath are located downstairs for privacy or for guests. The main living area, kitchen, dining, and a third bedroom and bath are situated upstairs. Enjoy the natural light flowing through the elevated living spaces. A huge bonus is the 3 bedroom, 2 bathroom detached ADU that is fully functioning 3 bedroom, 2 bathrooms unit ideal for multi-generational living, rental income, or more! Whether you're dreaming of a high-return investment, a multi-generational haven, or your own private retreat with room to grow, you will find this one-of-a-kind Escondido property delivers unmatched versatility.

Condition Rating
Excellent
Despite being built in 1960, this property has undergone an extensive and very recent renovation, both for the main house and the detached ADU. All kitchens and bathrooms feature modern cabinetry, new stainless steel appliances, contemporary fixtures, and stylish tile work. The entire property boasts new light wood-look laminate flooring, recessed lighting, and modern mini-split cooling/heating systems. The exterior has also been updated with fresh paint and landscaping, presenting as virtually new construction with no visible deferred maintenance.
Pros & Cons

Pros

Detached ADU: Features a fully functioning 3-bedroom, 2-bathroom detached Accessory Dwelling Unit, significantly enhancing property value and utility.
Income Potential: The detached ADU offers excellent potential for rental income, making it an attractive high-return investment opportunity.
Versatile Living Arrangements: Ideal for multi-generational living, accommodating guests, or providing separate living spaces due to the ADU and flexible main home layout.
Ample Space: Combined, the property offers a substantial 6 bedrooms and 4 bathrooms, suitable for larger families or multiple occupants.
Natural Light: The elevated living spaces in the main home are designed to maximize natural light, creating a bright and inviting atmosphere.

Cons

Age of Main Home: Built in 1960, the main residence may require updates to systems (e.g., plumbing, electrical, HVAC) or cosmetic renovations to meet contemporary standards.
Split-Level Main Home Layout: The main living area, kitchen, and dining being situated upstairs might not appeal to all buyers, especially those preferring single-level living or with mobility considerations.
Potential for Dated Interiors: The description highlights functionality but does not specify recent renovations to the main home, suggesting potential for dated finishes or fixtures that may require future investment.

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