
Escondido, California 92029
This Custom-Built Lake Hodges Estate represents a significant Value-Add Opportunity listed at $1,698,000, positioned relative to its $1,529,840 Fair Market Value. Currently holding a Good Condition Rating, the home features a substantial unfinished lower level and a two-acre lot with ADU potential, providing a strategic path to forced appreciation. The residence offers a signature arched colonnade balcony with panoramic sunset views and existing solar. Located within the Escondido Union district, this property is an ideal acquisition for Owner-Occupants or Multi-generational Families seeking a customizable retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2057 Via Rancho Parkway Subject | $1,698,000* List Price | 4 | 4 | 3,392 | $451 | - |
A 1520 Via Rancho Pkwy Sold | $1,465,000 | 3 | 3 | 3,720 | $394 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, this 14-year-old property fits the 10-20 year age bracket for a 'Good' rating. The home is well-maintained, move-in ready, and features solid major systems including solar. While the kitchen and bathrooms are functional, they feature original 2010 finishes that may eventually require cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 88862, living area = 3392.
The property features a substantial unfinished lower level that is already framed, insulated, and plumbed, plus a two-acre lot that supports an ADU, offering massive potential to increase square footage and equity.
Backing to open space that leads to Lake Hodges, the home offers a serene setting with a signature arched colonnade balcony designed specifically to capture sunset views across the valley.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The listing explicitly notes that cosmetic updates are wanted, suggesting the interior finishes may be dated or require a significant budget to meet modern luxury standards.
Offered in as-is condition, the property places the burden of all repairs and immediate improvements on the buyer, which may complicate certain types of traditional financing.
Room to grow in the Lake Hodges Valley. Custom-built by the owner in 2010 and offered for the first time, this 3,392 sq ft home sits on just over two acres in one of Escondido's most desirable pockets, backing to open space that leads to Lake Hodges. Four bedrooms, 3.5 baths, and a tiled arched colonnade balcony that runs nearly the length of the home — the heart of how this property is meant to be lived in, with sunset views across the valley. Beyond the finished space, a substantial unfinished lower level is framed and insulated, with electrical and plumbing accessible and the septic sized to accommodate it — bring your contractor and your vision. Lot supports an ADU; acreage leaves room for an orchard, vineyard, or gardens. Mature fruit trees, fish pond, seasonal stream. Solar in place. Two-car garage, two roll-ups. Major systems solid; cosmetic updates wanted. Offered as-is, priced accordingly, ready for the next owner's vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 62% |
| Square foot | 3,392 | 2,606.5 | 78% |
| Lot Size | 88,862.398 | 14,147 | 90% |
| Price | $1.70M | $1.26M | 85% |
| Price per sq ft | $501 | $490 | 57% |
| Built year | 2010 | 1991 | 67% |
| HOA | $0 | $54 | 46% |
| Days on market | 45 | 135 | 10% |
May 1, 2026
$1,698,000
Initial Listing
Jan 21, 1999
$445,000
Public Record