1240 N Broadway 53, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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Escondido, California 92026
This Modernized Value-Buy Condominium is a Prime Investment Opportunity, listed at $349,900—positioned well below the $363,320 Fair Market Value by 3%. This valuation gap provides $13,420 in Instant Equity. Boasting a Condition Rating of 3, the move-in ready interior features granite countertops, stainless steel appliances, and new paint. Residents benefit from a secure gated community with a pool and a rare detached garage plus carport. Located near Escondido High School, this turnkey asset is ideal for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 N Broadway 53 Subject | $336,000* List Price | 2 | 2 | 854 | $410 | - |
A 1240 N Broadway Unit 30 Sold | $365,000 | 2 | 2 | 854 | $427 | 0.0 mi |
B 1240 North Broadway 5 Sold | $350,000 | 2 | 2 | 854 | $410 | 0.0 mi |
C 240 W Lincoln Ave 39 Sold | $406,000 | 2 | 2 | 873 | $465 | 0.4 mi |
D 1350 N Escondido Boulevard N 41 Sold | $415,000 | 2 | 2 | 921 | $451 | 0.3 mi |
E 1461 N Broadway A Sold | $395,000 | 2 | 2 | 900 | $439 | 0.3 mi |
F 1350 N Escondido Boulevard 37 Sold | $350,000 | 2 | 2 | 921 | $380 | 0.3 mi |
G 1240 N Broadway 31 Active | $327,000 List Price | 2 | 2 | 854 | $383 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1978, the property has undergone a functional renovation likely within the last 5-15 years, featuring granite countertops, stainless steel appliances, and wood laminate flooring. The unit is move-in ready with fresh paint and new blinds, meeting the criteria for a well-maintained, functional living space despite the age of the building and wall-mounted HVAC units.
The property is vacant and features several recent upgrades, including new paint, new blinds, granite countertops, and stainless steel appliances, ensuring a seamless transition for the new owner.
Rare for a condominium at this price point, the unit includes both a detached one-car garage and an additional one-car carport, providing excellent parking convenience and extra storage space.
Located in a gated community in North Escondido, the property offers residents an added layer of privacy and security within a well-maintained residential environment.
The monthly HOA fee of $649 is significantly high relative to the listing price, which may impact the overall monthly affordability and debt-to-income ratios for potential buyers.
With only 854 square feet of living space for a two-bedroom unit, the interior layout may feel restrictive for those seeking more spacious accommodations or modern open-concept designs.
***Price Reduction*** This is a Trust Sale. Gated Community. Vacant, move-in ready 2-Bedroom/1.5 Bathroom Condominium that includes a detached 1-car garage and a 1-car carport. Granite counter tops, wood laminate flooring, ceramic tile flooring, stainless steel appliances. new paint, new blinds.
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 | 966 | 27% |
| Lot Size | - | - | 50% |
| Price | $336.0K | $440.0K | 18% |
| Price per sq ft | $393 | $462 | 15% |
| Built year | 1978 | 1978 | 50% |
| HOA | $649.0 | $463 | 94% |
| Days on market | 44 | 129 | 15% |
Jun 3, 2026
$336,000
$349,900
-4% Price Drop
Initial Listing
May 1, 2026
$349,900
Initial Listing
Jan 19, 2021
$232,000
Public Record
Apr 2, 2014
$145,000
Public Record
Mar 17, 2005
$263,000
Public Record