2439 Patterson Rd, Escondido, California 92027, Escondido, 92027 - 3 bed, 2 bath
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Escondido, California 92027
This property presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned above the $612,960 Fair Market Value by 10%. While the price reflects a premium, the 0.39-acre lot and ADU potential offer significant upside for forced appreciation. With a Condition Rating of 5, the home requires a full interior overhaul, making it a prime value-add asset. The availability of the adjacent lot further enhances development flexibility. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with substantial scale.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2439 Patterson Rd Subject | $675,000* List Price | 3 | 2 | 1,427 | $430 | - |
A 612 Momar Lane Sold | $791,000 | 4 | 2 | 1,800 | $439 | 0.2 mi |
B 2617 Meadowbrook Place Sold | $800,000 | 4 | 2 | 1,888 | $424 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 with no significant modern renovations. The kitchen and bathrooms feature original 1950s pink tile and obsolete appliances. The interior shows significant wear on flooring and surfaces, and the listing explicitly states the home needs repairs and updates, making it a prime candidate for a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16765, living area = 1427.
The expansive 0.39-acre lot offers rare flexibility for ADU construction, RV/boat parking, or home expansion, making it ideal for investors or buyers looking to build equity.
The availability of the adjacent 0.37-acre lot provides a unique opportunity to create a massive private compound or a multi-property development project.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16765, other record lot size in square feet = 15937.
The home is in need of significant updates and repairs, requiring a buyer with a substantial renovation budget and a vision for a complete overhaul.
Built in 1953, the property likely features original systems and components that may require costly modernization to meet current building standards and efficiency.
Unlock the Potential! This is the one you've been waiting for! This property presents an incredible opportunity for buyers with a vision to create something truly special. Situated on a spacious 0.39-acre lot, the possibilities are what makes this property shine. Next door lot .37 acre is also available for sale. Whether you're dreaming of expanding the existing home, adding outdoor entertaining spaces, RV or boat parking, or exploring ADU potential (buyer to verify), there's room to bring your ideas to life. The home offers a practical floor plan with 3 bedrooms and 2 baths, including a primary bedroom with an attached bath. Some mountain views add to the appeal of this well-located property. Home needs updating and repairs; it still provides a rare chance to customize and improve a property to suit your style and needs. Large lots with this kind of flexibility are becoming increasingly difficult to find, making this an exceptional opportunity for investors, contractors, or owner-occupants looking to build equity through improvements. Bring your imagination and discover the possibilities. Combine purchase with vacant lot next door for additional potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,427 | 2,028 |
| Lot Size | 16,765 | 10,454.4 |
| Price | $675.0K | $936.5K |
| Price per sq ft | $473 | $486 |
| Built year | 1953 | 1985 |
| HOA | $0 | $225 |
| Days on market | 20 | 46 |
Jul 2, 2026
$675,000
Initial Listing