1202 Basswood Avenue, Carlsbad, California 92008, Carlsbad, 92008 - 4 bed, 4 bath
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Carlsbad, California 92008
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $1,899,000—positioned well below the $2,003,771 Fair Market Value by 5%. This valuation gap offers $104,771 in Instant Equity. With a Condition Rating of 3, the property features a 1/3-acre lot with dual-street access and a rental-generating studio. Located in the Carlsbad Unified School District near top-rated schools, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-potential lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1202 Basswood Avenue Subject | $1,899,000* List Price | 4 | 4 | 3,088 | $649 | - |
A 2725 Morning Glory Ln Sold | $1,680,000 | 3 | 2 | 2,203 | $763 | 0.6 mi |
B 1080 Buena Place Sold | $1,625,000 | 5 | 5 | 2,113 | $769 | 0.6 mi |
C 3311 James Pending | $2,449,000 List Price | 5 | 4 | 3,751 | $653 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1998, this property is well-maintained and shows significant modern updates that exceed its age. The interior features updated flooring, recessed lighting, and a recently renovated studio kitchen with contemporary cabinetry and stainless steel appliances. The exterior hardscape and landscaping are in excellent condition, making the home fully move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14500, living area = 3088.
Elementary School: Kelly Elementary School (9/10). High School: Sage Creek High School (9/10).
The property includes a dedicated studio currently generating rental income with its own private yard and parking, offering excellent flexibility for multi-generational living or a mortgage offset.
The home is perched high above the street, which may involve a steep driveway or significant stairs, potentially limiting appeal for buyers with mobility preferences.
With a build date of 1998, the property may soon require capital improvements to original systems or interior updates to justify the premium near-$1.9M price point.
Set on a fully fenced 1/3-acre parcel with access from both Basswood Ave & Pine Ave, this versatile Olde Carlsbad property creates endless possibilities for multi-generational living, rental income, or a flexible work-from-home lifestyle. There is a studio currently generating rental income with its own private fenced yard and separate parking spot. Perched high above the street, the main living area offers plenty of natural light, vaulted ceilings, seamless indoor-outdoor living with the game room opening to the patio, and a spacious primary suite with French doors leading to a private balcony. The tropical grounds showcase specimen palms, mature landscaping, custom wrought iron gates, designer lighting, and custom hardscape with fire pit—perfect for entertaining or relaxing year-round. The oversized two-car garage features elevated ceilings and abundant natural light, creating a versatile space that could be used for a workshop, beach toys, recreational vehicles, or future creative use. Take advantage of quick access to Carlsbad Village shops, restaurants and world-class beaches. Top-rated Carlsbad schools. No HOA.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,088 | 2,353 |
| Lot Size | 14,500 | 8,449 |
| Price | $1.90M | $1.83M |
| Price per sq ft | $615 | $759 |
| Built year | 1998 | 1989 |
| HOA | $0 | $204 |
| Days on market | 5 | 38 |
Jul 17, 2026
$1,899,000
Initial Listing
Dec 7, 2021
$1,550,000
Public Record
Jul 21, 2000
$458,500
Public Record
Aug 25, 1998
$200,000
Public Record