1234 Granada Way, San Marcos, California 92078, San Marcos, 92078 - 3 bed, 2 bath
1234 Granada Way
San Marcos, California 92078
Property Price
SUMMARY
Analysis of 1234 Granada Way, San Marcos, California 92078 is currently available with a list price of $660,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Marcos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1980, the property is well-maintained but shows clear signs of age with outdated kitchen cabinetry and bathroom finishes. While it benefits from modern mechanical upgrades like a newer HVAC system and tankless water heater, the interior requires cosmetic updates to flooring, fixtures, and styling to meet current market standards, consistent with the listing's description of 'endless potential'.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Educational Proximity
The property is exceptionally well-located for families, situated less than a mile from top-rated schools including Discovery Elementary and San Marcos High School.
- Modern Mechanical Upgrades
The inclusion of a newer HVAC system and a tankless water heater provides significant value and energy efficiency, reducing immediate maintenance concerns for a buyer.
- Detached-Style Privacy
Despite being a condominium, the single-story layout, attached two-car garage, and private central courtyard offer the privacy and feel of a detached residence.
CONSRISKS & DEFICIENCIES
- Renovation Requirements
The description of 'endless potential' suggests the home likely requires cosmetic or functional updates to modernize the interior and maximize its value.
- Market Pricing Volatility
The property has seen multiple price reductions from an original list price of $725,000 down to $660,000, which may indicate challenges in buyer perception or initial overvaluation.
About 1234 Granada Way
Endless potential at this single story home, that feels like a detached home. Enjoy the convenience of your own attached two car garage and a private back patio, perfect for entertaining or outdoor relaxation. This home features a newer HVAC system as well as a tankless water heater for added efficiency. Near the center of the home is an inviting outdoor courtyard with dual pane sliding doors, which bring in natural light. At the top of the private courtyard you'll find a retractable awning for added shade. Community amenities feature a pool and tennis courts. Discovery Elementary, High Tech Middle North County and San Marcos High are less than a mile away. The property is also only a few miles from CSUSM and Palomar College.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $470.0 / Month
Neighborhood Insights
San Marcos Unified Schools
Discovery Elementary School
Grades K-5 • 0.2 mi
San Elijo Middle School
Grades 6-8 • 2.0 mi
San Marcos High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,381 | 1,287 | 56% |
| Lot Size | - | - | 50% |
| Price | $660.0K | $719.0K | 46% |
| Price per sq ft | $478 | $516 | 40% |
| Built year | 1980 | 1990 | 10% |
| HOA | $470.0 | $470 | 50% |
| Days on market | 43 | 170 | 9% |
Pricing History
Listed for Sale
Feb 27, 2026
$660,000
$695,000
-5% Price Drop
Initial Listing
Price Change
Feb 13, 2026
$695,000
$725,000
-4% Price Drop
Initial Listing
Price Change
Jan 23, 2026
$725,000
Initial Listing