228 E 15th Ave, Escondido, California 92025, Escondido, 92025 - 3 bed, 1 bath
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228 E 15th Ave
Escondido, California 92025
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,008Sq Ft
9,000Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$743,240
6% AboveMARKET VALUE
SUMMARY
This unique property features a charming three-bedroom one-bathroom home and a one-bedroom cottage nestled on nearly a 1/4-acre lot. The main home boasts wood floors throughout. The guest cottage offers a retreat for visitors or could serve as a rental for additional income. The expansive lot provides plenty of space for outdoor living, gardening, or future development. With R2 zoning, there's potential to add more units or expand the existing structures, making this an excellent investment opportunity. Located in a neighborhood that is growing quickly, this property is perfectly positioned to take advantage of Escondido's rising demand for housing, offering long-term growth potential. Whether you're a savvy investor or a homeowner looking to build equity, this is a prime opportunity to add value in a thriving community.
Estimated Market Value
$743,240
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 E 15th Ave Subject 3 bd · 1 ba · 1,008 sqft · $737 | $799,000* List Price | 3 | 1 | 1,008 | $737 | - |
A 1130 S Tulip St Sold 2 bd · 1 ba · 1,040 sqft · $663 · 0.9 mi | $690,000 | 2 | 1 | 1,040 | $663 | 0.9 mi |
B 759 W 10th Ave Sold 2 bd · 2 ba · 924 sqft · $723 · 0.8 mi | $668,000 | 2 | 2 | 924 | $723 | 0.8 mi |
C 127 W 5th Avenue Pending 3 bd · 1 ba · 1,168 sqft · $557 · 0.7 mi | $650,000 List Price | 3 | 1 | 1,168 | $557 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1955, the property shows signs of being well-maintained but is significantly outdated in key areas. The kitchen features honey oak cabinets, dated tiled backsplash, older white appliances, and a fluorescent light fixture, suggesting a renovation 15-25 years ago. The main living areas and bedrooms have original-style hardwood floors, which are a positive, but the presence of window AC units indicates a lack of central cooling, a major outdated system. While the property is clean and functional, it requires substantial cosmetic updates and system upgrades to meet current quality standards and buyer expectations.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Potential
The property includes a main home and a separate guest cottage, offering immediate rental income opportunities or flexible living arrangements for visitors.
- Significant Development Potential
With R2 zoning on a nearly 1/4-acre lot, there is substantial potential to add more units or expand existing structures, making it an attractive investment for future development.
- Expansive Lot Size
The generous 9,000 sqft lot provides ample space for outdoor living, gardening, and supports the property's development potential.
CONSRISKS & DEFICIENCIES
- Age of Construction
Built in 1955, the property may require significant updates to major systems (e.g., plumbing, electrical, HVAC) and general modernization to meet contemporary standards.
- Limited Bathroom Count
The main home features only one bathroom for three bedrooms, which can be a functional drawback for families or multiple occupants.
- Modest Main Home Square Footage
At 1008 sqft for a 3-bedroom house, the main residence offers relatively compact living spaces, potentially limiting its appeal to buyers seeking more expansive interiors.
About 228 E 15th Ave
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 9,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Escondido Unified Schools
Juniper Elementary School
Grades K-5 • 0.4 mi
4/10
Felicita Elementary School
Grades K-5 • 0.7 mi
4/10
Central Elementary School
Grades K-5 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,008 | 2,059.182 |
| Lot Size | 9,000 | 10,916.716 |
| Price | $799.0K | $960.7K |
| Price per sq ft | $793 | $487 |
| Built year | 1955 | 1986 |
| HOA | $0 | $228 |
| Days on market | 704 | 51 |
Pricing History
Listed for Sale
Nov 20, 2024
$799,000
Initial Listing