1496 E El Norte Parkway, Escondido, California 92027, Escondido, 92027 - 3 bed, 2 bath
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Escondido, California 92027
This ranch-style residence presents a Prime Investment Opportunity, listed at $737,000—positioned well below the $756,933 Fair Market Value by 2%. This valuation gap offers $19,933 in Instant Equity. Featuring a 12-panel solar system and an oversized driveway, the home maintains a Condition Rating of 4, balancing vintage character with modern efficiency. While cosmetic updates are recommended, the property’s lack of HOA fees and prime location make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1496 E El Norte Parkway Subject | $737,000* List Price | 3 | 2 | 1,422 | $532 | - |
A 1127 Paula Way Sold | $800,000 | 3 | 2 | 1,448 | $552 | 0.8 mi |
B 1110 Paula Way Sold | $820,000 | 4 | 2 | 1,469 | $558 | 0.8 mi |
C 1030 Daisy St Sold | $820,000 | 4 | 2 | 1,375 | $596 | 0.6 mi |
D 2033 Fiesta Glen Sold | $722,000 | 3 | 2 | 1,485 | $486 | 0.6 mi |
E 825 Buchanan St. Sold | $735,000 | 3 | 2 | 1,305 | $563 | 0.6 mi |
F 1412 Timber Gln Sold | $740,000 | 3 | 2 | 1,349 | $549 | 0.4 mi |
G 1131 Conway Dr Sold | $735,000 | 3 | 2 | 1,105 | $665 | 0.3 mi |
H 1262 Sorrento Place Active | $850,000 List Price | 5 | 2 | 1,747 | $487 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970 (54 years old), the property is well-maintained but significantly dated. While it features a 12-panel solar system and granite countertops, the kitchen cabinetry, popcorn ceilings, and flooring reflect a renovation age of over 20 years, requiring cosmetic updates to meet modern standards.
The property features a 12-panel solar system, providing significant utility cost savings and enhancing the home's long-term sustainability.
An oversized driveway and two-car garage offer extensive off-street parking, making it ideal for multiple vehicles, guests, or RV storage.
With no HOA fees and low property taxes, this residence offers a more affordable monthly carrying cost compared to many neighboring developments.
Situated on El Norte Parkway, a primary thoroughfare, the property may experience higher ambient noise levels during peak commuting hours.
Built in 1970, the home may require updates to major systems or cosmetic finishes to meet the expectations of modern buyers seeking contemporary standards.
Welcome to this beautifully maintained ranch-style home in the heart of Escondido! Offering 3 bedrooms, 2 bathrooms, plus a versatile bonus room. As you step through the front door, you’re welcomed into a bright and inviting living room. Just to the right, the dining area seamlessly flows into the kitchen, creating a functional layout that’s perfect for everyday living and entertaining. The bonus room offers endless possibilities as a home office, gym, playroom or guest space. The oversized driveway provides ample off-street parking, making it ideal for multiple vehicles, guests, or RV in addition to the attached two-car garage. The home is equipped with 12-panel solar system, helping improve energy efficiency and reduce utility costs. Step outside to your own private backyard retreat, where trees and lush landscaping and abundance of plants create a peaceful setting perfect for relaxing after a long day, enjoying morning coffee or entertaining family and friends. Conveniently located near shopping, dining, schools, parks and with easy access to Interstate 15, this home also offers low property taxes and no HOA. Don’t miss this exceptional opportunity to own a charming ranch-style home in one of Escondido’s most desirable neighborhoods!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,422 | 2,028 |
| Lot Size | 8,760 | 10,454.4 |
| Price | $737.0K | $936.5K |
| Price per sq ft | $518 | $486 |
| Built year | 1970 | 1985 |
| HOA | $0 | $225 |
| Days on market | 10 | 46 |
Jul 12, 2026
$737,000
Initial Listing
Aug 5, 2015
$385,000
Public Record