1238 Rue Saint Martin, San Marcos, California 92078, San Marcos, 92078 - 2 bed, 2 bath
1238 Rue Saint Martin
San Marcos, California 92078
Property Price
SUMMARY
Analysis of 1238 Rue Saint Martin, San Marcos, California 92078 is currently available with a list price of $1,050,000. 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 1988, this property is well-maintained and move-in ready, featuring warm wood floors and some updated appliances. However, the kitchen has outdated tile countertops and cabinet styles, and the primary bathroom, while functional, also shows dated finishes. While some components have been updated (e.g., guest bathroom shower), the overall aesthetic in key areas like the kitchen and primary bath would require minor updates to align with current trends.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views
The property boasts sweeping panoramic views of mountains, the lake, and the neighborhood, enhancing its appeal and perceived value.
- Resort-Style Community Amenities
Residents enjoy access to Lake San Marcos with boating, fishing, scenic walking paths, and a waterfront lodge offering dining, a pool, fitness center, and social activities.
- Low-Maintenance Living
The HOA covers significant exterior maintenance including roof, exterior paint, pest control, front landscaping, and 24-hour security, reducing homeowner responsibilities.
CONSRISKS & DEFICIENCIES
- Condominium Ownership Limitations
Despite living like a single-family home, it is a condominium, which inherently comes with shared walls, potential noise considerations, and HOA rules/restrictions that may not suit all buyers.
- High HOA Fees
The association fee of $475.0 per month is a significant recurring cost that adds to the overall monthly housing expense.
- Property Age
Built in 1988, the property's systems and components are older, potentially requiring future maintenance or upgrades compared to newer construction, despite current good condition.
About 1238 Rue Saint Martin
Pride of ownership is apparent from the moment you walk into this home. A bright, open, & spacious kitchen features sliding glass doors that open directly to an elevated wraparound patio with sweeping views of the mountains, lake and neighborhood below. The smart floor plan makes this condo live like a single-family home, boasting 2 generous bedrooms and "fairy tale" garage loft.. Warm wood floors flow through the main living areas. The attached 2-car garage with laundry add everyday convenience. This home is truly move-in ready, while still offering the opportunity to customize to suit your vision. The HOA covers the roof, exterior paint, pest control, front landscaping, & 24-hour security. Enjoy resort-style living in Lake San Marcos with lake access, scenic walking paths, boating, fishing, & a waterfront lodge offering dining, pool, fitness, & year-round social activities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $475.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,443 | 1,287 | 65% |
| Lot Size | - | - | 50% |
| Price | $1.05M | $724.5K | 94% |
| Price per sq ft | $728 | $517 | 96% |
| Built year | 1988 | 1990 | 34% |
| HOA | $475.0 | $472 | 50% |
| Days on market | 32 | 170 | 7% |
Pricing History
Listed for Sale
Feb 3, 2026
$1,050,000
Initial Listing
Sold
May 31, 2005
$510,000
Public Record