1160 Erica St, Escondido, California 92027, Escondido, 92027 - 6 bed, 4 bath
ACTIVE$1,295,000$2,670/sqft
Est. Value: $1,056,631
-18%
AboveEstimate
1160 Erica St, Escondido, California 92027
6Beds
4Baths
2,670Sqft
8,400Lot
Price Vs. Estimate
The estimated value ($1,056,631.145) is $238,368.855 (18%) lower than the list price ($1,295,000). This property may be overpriced.
Key pros and cons
Top Pros:
Detached ADU with Income Potential: Features a fully functioning 3-bedroom, 2-bathroom detached ADU, providing significant potential for rental income or extended family living.
Top Cons:
Age of Construction: Built in 1960, the property may require updates to systems, finishes, or energy efficiency to meet modern standards and buyer expectations.
Compared to the nearby listings
Price:$1.29M vs avg $830.0K (+$465,000)93%
Size:2,670 sqft vs avg 1,710 sqft81%
Price/sqft:$485 vs avg $48350%
More Insights
Built in 1960 (66 years old).
Condition: The detached ADU is in excellent, virtually new condition, featuring modern kitchen and bathrooms with new appliances, fixtures, and finishes, suggesting a very recent renovation or new construction. The exterior of the main house also appears recently updated with a modern aesthetic. However, the main house was built in 1960, and the listing explicitly notes 'Age of Construction' and 'Potential for Deferred Maintenance/Updates' as weaknesses for the main house. While the ADU is top-tier, the unpictured interior of the main house and the listed weaknesses prevent an 'Excellent' overall score. The property is move-in ready, particularly the ADU, and the main house likely has functional systems, but may require further updates to match the ADU's modern interior.
Year Built
1960
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
250046320SD
Home ConditionGood
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.
M
Mark Green
Listing Agent
Price History
Date
Event
Price
05/06/22
Sold
$640,000
Condition Rating
Good
The detached ADU is in excellent, virtually new condition, featuring modern kitchen and bathrooms with new appliances, fixtures, and finishes, suggesting a very recent renovation or new construction. The exterior of the main house also appears recently updated with a modern aesthetic. However, the main house was built in 1960, and the listing explicitly notes 'Age of Construction' and 'Potential for Deferred Maintenance/Updates' as weaknesses for the main house. While the ADU is top-tier, the unpictured interior of the main house and the listed weaknesses prevent an 'Excellent' overall score. The property is move-in ready, particularly the ADU, and the main house likely has functional systems, but may require further updates to match the ADU's modern interior.
Pros & Cons
Pros
Detached ADU with Income Potential: Features a fully functioning 3-bedroom, 2-bathroom detached ADU, providing significant potential for rental income or extended family living.
Exceptional Versatility: The property offers unmatched versatility, ideal for high-return investment, multi-generational living, or a private retreat with room to grow.
Multi-Generational Living Solution: The detached ADU and the main home's layout are perfectly suited for multi-generational families seeking independent yet close living arrangements.
Flexible Main Home Layout: The main home's split-level design includes two bedrooms and a full bath downstairs, offering privacy for guests or family members.
Abundant Natural Light: Elevated living spaces in the main home benefit from ample natural light, creating a bright and inviting atmosphere.
Cons
Age of Construction: Built in 1960, the property may require updates to systems, finishes, or energy efficiency to meet modern standards and buyer expectations.
Split-Level Floor Plan: The split-level design of the main home, while offering distinct zones, may not appeal to all buyers, particularly those seeking single-story living or open-concept layouts.
Potential for Deferred Maintenance/Updates: As an older property, there is a potential for deferred maintenance or the need for significant renovations in the main house, which could incur additional costs for a buyer.