1240 N Broadway 15, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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1240 N Broadway 15
Escondido, California 92026
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
854Sq Ft
204,732Lot Size
Property Price
LIST PRICE$368,000
EST. MARKET VALUE
$383,725
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $368,000—positioned well below the $383,726 Fair Market Value by 4%. This valuation gap provides $15,726 in Instant Equity. Featuring a Mint Condition Rating with recent Granite Kitchen and plank flooring upgrades, the unit includes a rare detached garage and private storage. Located near Escondido High School, this property offers a secure, amenity-rich lifestyle with pool and spa access. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready home.
Estimated Market Value
$383,725+$15,725 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 N Broadway 15 Subject 2 bd · 2 ba · 854 sqft · $449 | $368,000* List Price | 2 | 2 | 854 | $449 | - |
A 830 W Lincoln Avenue 171 Sold 2 bd · 1 ba · 787 sqft · $490 · 0.8 mi | $386,000 | 2 | 1 | 787 | $490 | 0.8 mi |
B 1051 Rock Springs 120 Sold 2 bd · 1 ba · 821 sqft · $401 · 1.0 mi | $329,000 | 2 | 1 | 821 | $401 | 1.0 mi |
C 830 W Lincoln 156 Sold 2 bd · 1 ba · 787 sqft · $432 · 0.8 mi | $340,000 | 2 | 1 | 787 | $432 | 0.8 mi |
D 240 W Lincoln Ave 39 Sold 2 bd · 2 ba · 873 sqft · $465 · 0.4 mi | $406,000 | 2 | 2 | 873 | $465 | 0.4 mi |
E 1051 Rock Springs 202 Sold 2 bd · 1 ba · 821 sqft · $384 · 1.0 mi | $315,000 | 2 | 1 | 821 | $384 | 1.0 mi |
F 145 W El Norte Pkwy 112 Sold 2 bd · 2 ba · 864 sqft · $486 · 0.2 mi | $420,000 | 2 | 2 | 864 | $486 | 0.2 mi |
G 1463 N Broadway Sold 2 bd · 2 ba · 1,120 sqft · $375 · 0.3 mi | $420,000 | 2 | 2 | 1,120 | $375 | 0.3 mi |
H 830 W Lincoln Ave 182 Sold 2 bd · 1 ba · 787 sqft · $419 · 0.8 mi | $330,000 | 2 | 1 | 787 | $419 | 0.8 mi |
I 1429 N Broadway A Active 2 bd · 2 ba · 900 sqft · $443 · 0.3 mi | $399,000 List Price | 2 | 2 | 900 | $443 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1978, the unit has undergone a recent comprehensive remodel (under 5 years) featuring new plank flooring, granite countertops, and updated fixtures, lighting, and ceiling fans, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The unit features extensive recent renovations including new plank flooring, granite countertops, and updated fixtures, offering a move-in-ready experience for the buyer.
- Exceptional Storage and Parking
Rare for this property type, the condo includes a one-car detached garage with a large private storeroom plus an additional assigned covered carport space.
- Significant Buyer Incentives
The property is eligible for a $10,000 forgivable loan to assist with closing costs or down payments, greatly enhancing its appeal to first-time homeowners.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =204732, other record lot size in square feet = 205278.
- High Monthly HOA Fees
The association fee of $699 per month is relatively high for the price point, which may impact a buyer's monthly budget and overall affordability.
- Compact Living Area
With only 854 square feet for a two-bedroom, two-bathroom configuration, the interior living space may feel constrained for those seeking a more open layout.
About 1240 N Broadway 15
Clean remodeled 2 bedroom Villa La Paz condo. Located on the ground floor near the back and away from N Broadway. New plank flooring, granite counter tops in the kitchen, new fixtures, lighting, new ceiling fans and new blinds. Villa La Paz is a nicely maintained garden style, secure and gated community. Conveniently located near Highway 78 & Freeway 15. Close to lots of restaurants & shopping, schools, YMCA. This complex offers a beautiful pool and spa, it also has a club/rec room, BBQ patio area and laundry room. This condo has a one car detached garage, with a big private storeroom benind and an assigned covered carport parking space. HOA pays for water, trash, sewer, exterior maintenance & landscape. Eligible for $15,000 forgivable loan to help cover closing costs, rate buy-down and/or down payment.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 204,732 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $699.0 / Month
Neighborhood Insights
Escondido Unified Schools
Conway Elementary School
Grades K-5 • 1.0 mi
5/10
Rincon Middle School
Grades 6-8 • 1.3 mi
4/10
Quantum Academy
Grades 4-8 • 3.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 854 | 971.943 |
| Lot Size | 204,732 | 167,508.696 |
| Price | $368.0K | $427.7K |
| Price per sq ft | $431 | $427 |
| Built year | 1978 | 1981 |
| HOA | $699.0 | $538 |
| Days on market | 15 | 81 |
Pricing History
Listed for Sale
Oct 10, 2026
$368,000
Initial Listing
Sold
Apr 5, 2005
$261,000
Public Record