261 Parkside, Escondido, California 92026, Escondido, 92026 - 2 bed, 2 bath
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261 Parkside
Escondido, California 92026
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,057Sq Ft
2,100Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$488,678
12% AboveMARKET VALUE
SUMMARY
This Escondido Hills Condominium represents a High-Potential Investment Opportunity, listed at $549,000—positioned well above the $488,678 Fair Market Value by -12%. While priced above market, the property offers a Condition Rating of 4, featuring recent cosmetic updates like fresh paint and new flooring. Residents enjoy a prime cul-de-sac location with expansive greenbelt views and access to community pools. Given the aging infrastructure and assumable solar contract, this property is best suited for Buy-and-Hold Investors or first-time buyers prioritizing lifestyle and location over immediate equity.
Estimated Market Value
$488,678
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the property features recent surface-level updates like new flooring and fresh paint, the core components including the kitchen and bathrooms remain dated with 1970s-style cabinetry and fixtures. Built in 1974, the home is over 50 years old and requires modernization of its original systems and wet areas to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime End-Unit Location
Situated on a quiet cul-de-sac between two community pools, this end-unit offers enhanced privacy and immediate access to the complex's walking trails.
- Move-In Ready Condition
The interior has been recently refreshed with new flooring and fresh paint, complemented by vaulted ceilings that create a spacious and modern feel.
- Scenic Greenbelt Views
The property features a back patio with expansive views of the lush greenbelt, providing a serene outdoor environment rarely found in high-density condo living.
CONSRISKS & DEFICIENCIES
- Assumable Solar Commitment
The existing Sunrun solar contract requires buyer qualification and assumption, which may complicate the financing process or deter buyers seeking full ownership of equipment.
- Aging Infrastructure
Despite cosmetic updates, the 1974 construction date suggests that underlying systems and common area components may be nearing the end of their functional lifespan.
About 261 Parkside
Escondido Hills single story end unit that has been recently painted with new flooring. This home has an excellent cul-de-sac location between the two association pools. There are expansive views of the greenbelt from the back patio. There is easy access to the generous walking trails throughout the complex. The living room with its vaulted ceilings is located just off the kitchen with breakfast bar. The property has a Sunrun solar contract which can be assumed with qualification.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 2,100 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $205.0 / Month
Neighborhood Insights
Escondido Unified Schools
North Broadway Elementary School
Grades K-5 • 0.3 mi
5/10
Rincon Middle School
Grades 6-8 • 0.8 mi
4/10
Quantum Academy
Grades 4-8 • 3.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,057 | 981.357 |
| Lot Size | 2,100 | 156,162.536 |
| Price | $549.0K | $427.2K |
| Price per sq ft | $519 | $428 |
| Built year | 1974 | 1980 |
| HOA | $205.0 | $555 |
| Days on market | 43 | 76 |
Pricing History
Listed for Sale
Jul 28, 2026
$549,000
Initial Listing
Sold
May 15, 1998
$81,500
Public Record