1160 Erica St, Escondido, California 92027, Escondido, 92027 - 6 bed, 4 bath
ACTIVE$1,295,000
1160 Erica St, Escondido, California 92027
6Beds
4Baths
2,670Sqft
8,400Lot
Price Vs. Estimate
The estimated value ($1,147,220.365) is $147,779.635 (11%) lower than the list price ($1,295,000). This property may be overpriced.
Key pros and cons
Top Pros:
Detached ADU: A fully functioning 3-bedroom, 2-bathroom detached Accessory Dwelling Unit (ADU) offers significant value for multi-generational living or substantial rental income potential.
Top Cons:
Age of Property: Built in 1960, the main home may have original systems and finishes that could require updates or maintenance to meet modern standards and preferences.
Compared to the nearby listings
Price:$1.29M vs avg $837.0K (+$458,000)93%
Size:2,670 sqft vs avg 1,748 sqft81%
Price/sqft:$485 vs avg $47852%
More Insights
Built in 1960 (65 years old).
Condition: Despite being built in 1960, this property has undergone extensive and recent renovations in both the main house and the detached ADU. The images showcase modern kitchens with new cabinetry, stainless steel appliances, and contemporary countertops/backsplashes. Bathrooms are fully updated with stylish vanities, modern fixtures, and new tiling. Throughout both units, there is new light wood-look flooring, fresh paint, modern light fixtures (including recessed lighting and ceiling fans), and mini-split AC units. All components appear new or virtually new, indicating a comprehensive renovation within the last 5 years, meeting current quality standards with no visible deferred maintenance.
Year Built
1960
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
250042897SD
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 extensive and recent renovations in both the main house and the detached ADU. The images showcase modern kitchens with new cabinetry, stainless steel appliances, and contemporary countertops/backsplashes. Bathrooms are fully updated with stylish vanities, modern fixtures, and new tiling. Throughout both units, there is new light wood-look flooring, fresh paint, modern light fixtures (including recessed lighting and ceiling fans), and mini-split AC units. All components appear new or virtually new, indicating a comprehensive renovation within the last 5 years, meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Detached ADU: A fully functioning 3-bedroom, 2-bathroom detached Accessory Dwelling Unit (ADU) offers significant value for multi-generational living or substantial rental income potential.
Exceptional Versatility: The property's configuration, including the ADU, provides unmatched versatility for high-return investment, multi-generational living, or a private retreat with room to grow.
Flexible Main Home Layout: The main home features a thoughtful layout with two bedrooms and a full bath downstairs for privacy or guests, and elevated living spaces upstairs.
Ample Living Space: With a total of 6 bedrooms and 4 bathrooms across 2670 sqft, the property offers generous space suitable for larger families or multiple occupants.
Natural Light: The elevated living spaces in the main home are designed to maximize natural light flow, creating a bright and inviting atmosphere.
Cons
Age of Property: Built in 1960, the main home may have original systems and finishes that could require updates or maintenance to meet modern standards and preferences.
Listing Price Discrepancy: The current listing price is approximately 14% higher than the estimated property value, which could affect market competitiveness and buyer perception.
Potential for Modernization: While the ADU is described as fully functioning, the description does not detail recent renovations or significant upgrades to the main home, suggesting potential for future investment in modernization.