1647 Peerless Drive, El Cajon, California 92021, El Cajon, 92021 - 4 bed, 3 bath
1647 Peerless Drive
El Cajon, California 92021
Property Price
SUMMARY
Analysis of 1647 Peerless Drive, El Cajon, California 92021 reveals a Fairly Priced Property with a current list price of $830,000 aligned with the estimated $849,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the El Cajon Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1647 Peerless Drive Subject | $830,000* List Price | 4 | 3 | 1,580 | $537 | - |
A 1155 Pepper Dr Sold | $950,000 | 4 | 3 | 1,656 | $574 | 0.7 mi |
B 1616 Mauzy Way Sold | $962,000 | 4 | 2 | 1,857 | $518 | 0.5 mi |
C 1480 Vicksburg Drive Sold | $785,000 | 4 | 2 | 1,520 | $516 | 0.5 mi |
D 1545 Meadow Sold | $825,000 | 3 | 2 | 1,555 | $531 | 0.6 mi |
E 12780 Jackson Hill Way Sold | $675,000 | 5 | 3 | 1,424 | $474 | 0.8 mi |
F 1707 Terrace Hill Dr Pending | $959,000 List Price | 4 | 2 | 1,857 | $516 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Exceptional Financial Opportunity
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.
- Advanced Energy Efficiency
Equipped with leased solar panels and two Tesla batteries, the property offers substantial energy cost savings, enhanced energy independence, and reliable power backup.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Property Age
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.
- Leased Solar System
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.
About 1647 Peerless Drive
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, while 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. Leased solar paired with two Tesla batteries helps offset energy costs, enhances energy efficiency, and provides added power reliability. 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 13,503.6 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
El Cajon Unified Schools
W. D. Hall Elementary School
Grades K-5 • 0.1 mi
Bostonia Elementary School
Grades K-5 • 0.8 mi
Greenfield Middle School
Grades 6-8 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,580 | 1,649.5 | 48% |
| Lot Size | 13,503.6 | 9,492.5 | 66% |
| Price | $830.0K | $811.5K | 58% |
| Price per sq ft | $525 | $496 | 56% |
| Built year | 1950 | 1978 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 171 | 2% |
Pricing History
Listed for Sale
Mar 1, 2026
$830,000
$849,000
-2% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$849,000
Initial Listing
Sold
Oct 8, 2014
$380,000
Public Record
Sold
May 22, 2013
$230,000
Public Record
Sold
Oct 24, 2005
$580,000
Public Record
Sold
Oct 23, 2003
$375,000
Public Record
Sold
Aug 30, 1996
$138,000
Public Record