1491 Puritan Way, Oceanside, California 92057, Oceanside, 92057 - 3 bed, 2 bath
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Oceanside, California 92057
This property presents a High-Potential Investment Opportunity with a List Price of $545,000—positioned well below the $546,682 Fair Market Value by 0.3%. This valuation gap offers $1,682 in Instant Equity for buyers. With a Condition Rating of 4, the home requires cosmetic updates, providing a clear path to build sweat equity. Located in a gated 55+ community near the coast, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1491 Puritan Way Subject | $545,000* List Price | 3 | 2 | 1,680 | $325 | - |
A 5229 Harvest Court Pending | $619,000 List Price | 2 | 2 | 1,760 | $352 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the home is dated and retains original features, particularly in the bathrooms as seen in photos. The listing explicitly mentions the need for 'personal updates' and 'sweat equity,' which aligns with the fair condition criteria of being functional but requiring minor repairs and modernization.
Situated in a secure, gated 55+ community near the coast and Camp Pendleton, offering a desirable lifestyle with easy access to shopping, dining, and medical facilities.
Priced to reflect its original condition, this property provides a rare opportunity for buyers to build immediate sweat equity through modern updates and personalized improvements.
With 1,680 square feet of living space and three bedrooms, this home offers a larger-than-average footprint for the area, providing ample room for guests, hobbies, or a home office.
The property requires cosmetic and potentially functional updates, which will necessitate a significant post-purchase budget and effort from the new owner.
As a 55+ age-restricted residence, the potential market for resale is limited to a specific demographic, which can impact future liquidity and market reach.
Discover the potential in this home located within a desirable gated 55+ comunity, just minutes from the beach and neighboring Camp Pendleton. Offering a functional layout and a peaceful setting, this property is ready for your personal updates and improvements—a fantastic opportunity to create the home you've envisioned while building sweat equity. Enjoy the benefits of low-maintenance living in a secure, welcoming community with convenient access to shopping, dining, medical facilities. Whether you're downsizing, retiring, or looking for a coastal retreat to make your own, this home offers an exceptional combination of location, lifestyle, and value.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 2.2 mi
Grades 6-8 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,680 | 1,763 |
| Lot Size | 5,662.8 | 6,750 |
| Price | $545.0K | $960.1K |
| Price per sq ft | $324 | $566 |
| Built year | 1989 | 1986 |
| HOA | $420.0 | $144 |
| Days on market | 15 | 42 |
Jul 7, 2026
$545,000
Initial Listing
Nov 4, 2021
$480,000
Public Record
Jul 16, 2014
$230,000
Public Record