1240 N Broadway 31, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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Escondido, California 92026
This value-add condominium represents a strategic entry point into the North County market, listed at $327,000, which aligns with its $327,000 Fair Market Value. Currently holding a Fair Condition Rating, this short-sale property is sold strictly as-is, offering a blank canvas for forced appreciation through modern kitchen and flooring upgrades. Residents enjoy a forested greenbelt view, community pool and spa, and close proximity to Escondido High School. Despite the $550 HOA fee, the low entry price makes this a prime opportunity for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 N Broadway 31 Subject | $327,000* List Price | 2 | 2 | 854 | $383 | - |
A 1050 Rock Springs Rd 240 Sold | $310,000 | 2 | 1 | 821 | $378 | 0.9 mi |
B 225 W El Norte Parkway 249 Sold | $399,000 | 2 | 2 | 864 | $462 | 0.2 mi |
C 1350 N Escondido Boulevard N 41 Sold | $415,000 | 2 | 2 | 921 | $451 | 0.3 mi |
D 134 Espanas Glen 134 Sold | $376,500 | 2 | 2 | 1,056 | $357 | 0.1 mi |
E 145 W El Norte Parkway 212 Sold | $420,000 | 2 | 2 | 864 | $486 | 0.2 mi |
F 1350 N Escondido Blvd 37 Pending | $350,000 List Price | 2 | 2 | 921 | $380 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, this condo is in mostly original condition and shows significant signs of aging. While functional and marketed as 'move-in ready,' the kitchen features dated cabinetry and older white appliances, the bathrooms lack modern updates, and the interior retains older carpeting and popcorn ceilings. It meets the 'fair' criteria as an aged property maintained through regular upkeep but requiring cosmetic updates to meet current style standards.
The property is ideally situated minutes from downtown Escondido, offering quick freeway access and close proximity to Kit Carson Park and the San Diego Zoo Safari Park.
Residents enjoy access to well-maintained community features including a swimming pool, spa, landscaped grounds, and ample guest parking.
With a competitive price point and a recent price reduction, this unit offers a great opportunity for first-time buyers or investors to build equity through modern upgrades.
The property is a short sale being sold strictly as-is with no repairs or credits, which may complicate financing and require immediate out-of-pocket investment for renovations.
The monthly HOA fee of $550 is relatively high for a two-bedroom condo of this size, which could impact the overall monthly affordability for budget-conscious buyers.
Welcome to this upper unit 2-bedroom, 1.5-bath condo located in the Escondido Creek community. The full kitchen includes the refrigerator along with electric stove and dishwasher. The primary bedroom includes a walk in closet space and additional 1/2 bath. This unit would be a great starter home to move in as is, or to add your own style with upgrades and personalizations. Or, could be great for investors. Residents of the Escondido Creek community enjoy access to well-maintained amenities including a swimming pool, spa, landscaped grounds, and ample guest parking. The location is unbeatable—just minutes from downtown Escondido, with easy access to local dining, shopping, and entertainment. Nature lovers and families will appreciate proximity to Kit Carson Park and the San Diego Zoo Safari Park. Quick freeway access and nearby public transit. SHORT SALE; No RR's will be made or credited for, as-is. $327,000 approval; minimum accepted offer amount. Welcome to this upper unit 2-bedroom, 1.5-bath condo located in the Escondido Creek community. The full kitchen includes the refrigerator along with electric stove and dishwasher. The primary bedroom includes a walk in closet space and additional 1/2 bath. This unit would be a great starter home to move in as is, or to add your own style with upgrades and personalizations. Or, could be great for investors. Residents of the Escondido Creek community enjoy access to well-maintained amenities including a swimming pool, spa, landscaped grounds, and ample guest parking. The location is unbeatable—just minutes from downtown Escondido, with easy access to local dining, shopping, and entertainment. Nature lovers and families will appreciate proximity to Kit Carson Park and the San Diego Zoo Safari Park. Quick freeway access and nearby public transit.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.3 mi
Grades 4-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 854 | 913 | 33% |
| Lot Size | 205,278 | - | 77% |
| Price | $327.0K | $407.0K | 17% |
| Price per sq ft | $383 | $455 | 20% |
| Built year | 1978 | 1978 | 50% |
| HOA | $550.0 | $480 | 73% |
| Days on market | 215 | 192 | 67% |
Feb 14, 2026
$327,000
$345,000
-5% Price Drop
Initial Listing
Jan 9, 2026
$345,000
$380,000
-9% Price Drop
Initial Listing
Sep 19, 2025
$380,000
Initial Listing