245 Festival Dr, Oceanside, California 92057, Oceanside, 92057 - 5 bed, 3 bath
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Oceanside, California 92057
This 5-Bedroom Single Family Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $835,339 Fair Market Value by 4%. This valuation gap offers $36,339 in Instant Equity. Featuring a Good Condition Rating, the home includes Solar Panels with Powerwall, an Updated Kitchen, and a Private Backyard Spa. Located in the Riverdale community near Reynolds Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with significant energy-efficient upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 245 Festival Dr Subject | $775,000* List Price | 5 | 3 | 1,896 | $421 | - |
A 4596 Coronado Drive Sold | $860,000 | 3 | 3 | 2,123 | $405 | 0.6 mi |
B 4475 Saint Andrews Place Active | $959,000 List Price | 4 | 3 | 2,127 | $451 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1975, the property has undergone significant recent renovations. The kitchen and bathrooms feature modern shaker cabinetry and quartz countertops. Major system upgrades include central AC and a solar power system with a Tesla Powerwall. The interior is move-in ready and well-maintained, though the 1975 original structure and exterior landscaping keep it in the 'Good' category rather than 'Excellent'.
The property is equipped with a 4.08kW solar panel system and a 13.5 kWh Powerwall battery backup, providing significant utility savings and energy independence.
With 5 bedrooms and a primary suite on the entry level, the home offers a rare 'lives like a single-level' layout that is ideal for multi-generational living or aging in place.
The interior features contemporary updates including an open-concept kitchen with quartz countertops, vaulted ceilings, and a seamless transition to a private backyard with a spa.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The $498 monthly association fee is relatively high for a single-family residence, which may impact the debt-to-income ratio for some prospective buyers.
At 4,321 square feet, the lot is smaller than average for a 5-bedroom home, limiting private outdoor space and potential for significant landscaping or expansions.
Great VALUE! 5 Bedroom home...Lives as a Single Level with Primary On Entry Level. This Home Features a Vaulted Ceiling & Fireplace in the Living Room, Updated Kitchen w/Quartz Countertops OPEN to Dining/Family Room Combo that OPEN to Backyard w/SPA. 3 Beds/2 Baths on 1st floor, 2 Beds/1 Bath on 2nd floor. Central AC, SOLAR PANELS (4.08kW - 12 panels w/1 Powerwall Battery Backup 13.5 kWh). Located in the Riverdale Community w/Pool, Spa & More amenities! HOA fee includes exterior & front landscape.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.1 mi
Grades 6-8 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 1,896 | 1,629 | 60% |
| Lot Size | 4,321 | 5,885.5 | 39% |
| Price | $775.0K | $870.0K | 35% |
| Price per sq ft | $409 | $478 | 24% |
| Built year | 1975 | 1988 | 26% |
| HOA | $498.0 | $130 | 89% |
| Days on market | 39 | 141 | 10% |
May 25, 2026
$775,000
$799,000
-3% Price Drop
Initial Listing
May 6, 2026
$799,000
Initial Listing
Mar 16, 2020
$500,000
Public Record
Jan 24, 2020
$487,500
Public Record
Aug 9, 2017
$445,000
Public Record
Apr 18, 1996
$112,000
Public Record