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228 E 15th Ave, Escondido, California 92025, Escondido, 92025 - 3 bed, 1 bath

228 E 15th Ave, Escondido, California 92025 home-pic-0
ACTIVE$799,000
228 E 15th Ave, Escondido, California 92025
3Beds
1Bath
1,008Sqft
9,000Lot
Year Built
1955
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$793
HOA
-
Days on market
-
Sold On
-
MLS number
240027192SD
Home ConditionFair
Features
Patio
ViewNone

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(31th), sqft - 1008(10th), beds - 3(50th), baths - 1(10th).

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.

Nearby schools

4/10
Juniper Elementary School
Public,•K-5•0.4mi
4/10
Felicita Elementary School
Public,•K-5•0.7mi
3/10
Central Elementary School
Public,•K-5•0.8mi
4/10
Pioneer Elementary School
Public,•K-5•1.9mi
4/10
Farr Avenue Elementary School
Public,•K-5•2.0mi
4/10
Mission Middle School
Public,•6-8•1.6mi
5/10
Del Dios Middle School
Public,•6-8•1.7mi
5/10
Bear Valley Middle School
Public,•6-8•2.0mi
7/10
Quantum Academy
Public,•4-8•3.1mi
4/10
Orange Glen High School
Public,•9-12•2.3mi
6/10
San Pasqual High School
Public,•9-12•2.4mi
5/10
Escondido High School
Public,•9-12•2.6mi

Price History

Date
Event
Price
11/20/24
Listing
$799,000
Condition Rating
Fair
Built in 1955, the property shows signs of being well-maintained but is significantly outdated in key areas.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.
Pros & Cons

Pros

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.
Strong Investment & Growth Outlook: Located in a rapidly growing neighborhood in Escondido, the property is well-positioned to capitalize on rising housing demand and offers long-term appreciation potential.
Charming Original Features: The main home boasts wood floors throughout and is described as charming, adding character and appeal to the residence.

Cons

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.

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