2039 E Washington, Escondido, California 92027, Escondido, 92027 - 3 bed, 2 bath
Loading property details...
Escondido, California 92027
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $702,427 Fair Market Value by 0.49%. Featuring a Fair Condition Rating, this home offers significant upside through cosmetic updates. Key assets include Solar Panels, a Tesla Powerwall, and a large 7,735 sqft lot with ADU potential and no HOA restrictions. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage energy efficiency and expansion capabilities to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2039 E Washington Subject | $699,000* List Price | 3 | 2 | 1,515 | $464 | - |
A 146 Fargo Glen Sold | $564,000 | 3 | 2 | 1,476 | $382 | 0.9 mi |
B 2491 Linda Court Sold | $804,000 | 4 | 2 | 1,600 | $503 | 0.5 mi |
C 1643 Oak Hill Drive Sold | $785,000 | 4 | 2 | 1,445 | $543 | 1.0 mi |
D 1110 Paula Way Sold | $820,000 | 4 | 2 | 1,469 | $558 | 0.7 mi |
E 1030 Daisy St Sold | $820,000 | 4 | 2 | 1,375 | $596 | 0.6 mi |
F 643 Hillward St. Active | $749,900 List Price | 4 | 2 | 1,484 | $505 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this property is explicitly marketed as a 'light fixer' and 'remodel scenario.' While it features high-value modern systems like solar panels and a Tesla Powerwall, the kitchen and interior finishes appear dated (15-20+ year old style) and show visible wear, requiring cosmetic updates and minor repairs to reach full potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7735, living area = 1515.
The inclusion of solar panels and a Tesla Powerwall provides immediate utility cost savings and modern energy independence, a high-value asset for both owners and tenants.
As a 'light fixer' with no HOA, the property offers a significant opportunity to build equity through cosmetic renovations and potential ADU development on the 7,735 sqft lot.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7735, other record lot size in square feet = 8614.
The property is marketed as a fixer-upper, meaning buyers must budget for immediate out-of-pocket expenses to address deferred maintenance and modernize the interior.
Built in 1960, the home may require updates to original systems such as plumbing or electrical to meet modern standards, which can complicate simple cosmetic remodels.
Attention Savvy investors and owner-occupants alike, this is the opportunity you've been waiting for. This light fixer has serious upside!! All offers will be presented. This single-level home offers an ideal light fixer/remodel scenario with strong fundamentals already in place. No heavy lifting required to realize its full potential. Solar panels and a Tesla Powerwall slash energy costs from day one, giving you an instant edge on operating expenses or future rental income. Expansive parking accommodates multiple vehicles, equipment, or recreational toys, opening the door to additional revenue streams like storage, parking rental, or ADU possibilities. Best of all, there's no HOA!! In a desirable location with built-in amenities and a blank canvas to add value, properties like this move fast.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,515 | 1,777 | 39% |
| Lot Size | 7,735 | 6,984.8 | 57% |
| Price | $699.0K | $827.5K | 14% |
| Price per sq ft | $461 | $487 | 45% |
| Built year | 1960 | 1985 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 110 | 11% |
May 29, 2026
$699,000
Initial Listing
Apr 5, 2012
$255,000
Public Record
Jun 24, 2011
$189,000
Public Record