261 Riverview Way, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 2 bath
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Oceanside, California 92057
This Coastal Townhouse represents a Strong Value Opportunity, listed at $494,000—positioned well below the $497,655 Fair Market Value by 0.74%. This valuation gap offers $3,655 in Instant Equity. Featuring a Condition Rating of 4, the property offers a versatile floor plan with a loft and bonus room, though it requires cosmetic updates to modernize its 1987 finishes. With community amenities like a pool and tennis courts, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Riverview Way Subject | $494,000* List Price | 2 | 2 | 1,130 | $440 | - |
A 274 Riverview Way Active | $595,000 List Price | 3 | 3 | 1,464 | $406 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this 37-year-old property features largely original kitchen and bathroom finishes. While the home appears well-maintained and functional, the tile flooring, cabinetry, and fixtures are dated and exceed the 20-year threshold, indicating a need for cosmetic updates.
The floor plan features vaulted ceilings, a light-filled loft, and a flexible bonus room, providing significantly more functional utility than a standard two-bedroom layout.
Situated in North Oceanside near Camp Pendleton and minutes from the beach, this property offers a desirable coastal lifestyle at a highly competitive price point.
The home includes a detached garage and access to a full suite of community amenities, including a pool, spa, and tennis courts, enhancing the overall value proposition.
The $440 monthly association fee represents a significant recurring expense that may impact the purchasing power and monthly budget of entry-level buyers.
The local school district ratings, particularly the middle school at a 4/10, may be a drawback for families prioritizing high-performing educational environments.
Space, light, and location, this North Valley Oceanside townhome is a rare opportunity to get into a great community and make it your own. Soaring vaulted ceilings and a bright loft give the main living area a real sense of scale, while a versatile bonus room adds valuable extra square footage, perfect for a home office, gym, or creative space. A detached garage adds convenience and security. Amenities include a pool, spa, and tennis courts, minutes from the beach, shopping, dining, and Camp Pendleton. The home offers great bones and room to add your own personal touches. Directly across from the beautifully planned Tierra Norte development, with parks and a proposed trail connection to the San Luis Rey River Trail.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,130 | 1,570 |
| Lot Size | 2,087 | 1,742.4 |
| Price | $494.0K | $776.5K |
| Price per sq ft | $437 | $485 |
| Built year | 1987 | 2024 |
| HOA | $440.0 | $480 |
| Days on market | 15 | 47 |
Jul 7, 2026
$494,000
Initial Listing
Jun 10, 2004
$316,000
Public Record