1647 Peerless Drive, El Cajon, California 92021, El Cajon, 92021 - 4 bed, 3 bath
Loading property details...
El Cajon, California 92021
This Renovated Single-Level Residence is a Prime Investment Opportunity listed at $830,000—positioned well below the $849,000 Fair Market Value by 2%. This valuation gap offers $19,000 in Instant Equity. Boasting an Excellent Condition Rating, the home features a recently updated kitchen, new HVAC, and energy-efficient leased solar with Tesla batteries. The expansive 13,503 sq ft lot includes an above-ground pool and a rare 2.6% VA assumable loan opportunity. This property is ideal for Owner-Occupants or VA-qualified buyers seeking immediate value and long-term savings.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1647 Peerless Drive Subject | $800,000* List Price | 4 | 3 | 1,580 | $537 | - |
A 1155 Pepper Dr Sold | $950,000 | 4 | 3 | 1,656 | $574 | 0.7 mi |
B 1707 Terrace Hill Dr Sold | $990,000 | 4 | 2 | 1,857 | $533 | 0.5 mi |
C 1616 Mauzy Way Sold | $962,000 | 4 | 2 | 1,857 | $518 | 0.5 mi |
D 1480 Vicksburg Drive Sold | $785,000 | 4 | 2 | 1,520 | $516 | 0.5 mi |
E 1545 Meadow Sold | $825,000 | 3 | 2 | 1,555 | $531 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1950, this property has undergone extensive and recent renovations, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating. The kitchen is virtually new with modern two-tone shaker cabinets, quartz countertops, a contemporary mosaic backsplash, and new stainless steel appliances, including a smart refrigerator. Bathrooms are also updated, with one featuring a modern glass shower enclosure and stylish vanity, and the other a clean, updated tub/shower combo. New laminate wood-style flooring extends throughout the living areas and bedrooms, and a brand new HVAC system ensures year-round comfort. The addition of leased solar and Tesla batteries further enhances its modern appeal and energy efficiency.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13503, living area = 1580.
The availability of a VA assumable loan at a highly attractive 2.6% interest rate presents a significant financial advantage for qualified buyers in the current market.
Equipped with leased solar panels and two Tesla batteries, the property offers substantial energy cost savings, enhanced energy independence, and reliable power backup.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13503, other record lot size in square feet = 13353. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1950, the home's age may suggest potential for older underlying infrastructure (e.g., plumbing, electrical) that could require future attention, despite recent cosmetic and system updates.
While beneficial, the solar system is leased, which means the buyer does not own the equipment outright and must assume the lease terms, potentially impacting financing or resale if not clearly understood.
Welcome to 1647 Peerless Drive, a 1,580 sq ft single-level home located in a desirable, well-established El Cajon neighborhood. This 4-bedroom, 3-bathroom residence offers a functional layout designed for comfortable everyday living. The home features a recently updated kitchen, ideal for both daily use and entertaining, flowing seamlessly into the main living and dining areas. Ceiling fans in each bedroom enhance comfort, a brand-new HVAC system, and central heating and air conditioning provide year-round climate control. A dedicated laundry area adds everyday convenience. Step outside to a spacious grassy backyard, perfect for outdoor gatherings, play, or relaxation. The yard includes an above-ground pool, creating a refreshing retreat during warmer months. Solar PPA and two Tesla batteries will be paid off at close of escrow by the sellers! The property also offers a VA assumable loan at a 2.6% interest rate, presenting a rare opportunity for qualified buyers. Conveniently located near shopping, dining, parks, and major freeway access, 1647 Peerless Drive combines comfort, functionality, and accessibility—an excellent opportunity to enjoy single-level living in the heart of El Cajon.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,580 | 1,585.5 | 49% |
| Lot Size | 13,503.6 | 10,672.2 | 61% |
| Price | $800.0K | $817.5K | 44% |
| Price per sq ft | $506 | $517 | 46% |
| Built year | 1950 | 1975 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 167 | 18% |
Mar 14, 2026
$800,000
$830,000
-4% Price Drop
Initial Listing
Mar 1, 2026
$830,000
$849,000
-2% Price Drop
Initial Listing
Jan 28, 2026
$849,000
Initial Listing
Oct 8, 2014
$380,000
Public Record
May 22, 2013
$230,000
Public Record
Oct 24, 2005
$580,000
Public Record
Oct 23, 2003
$375,000
Public Record
Aug 30, 1996
$138,000
Public Record