2721 Surrey Lane, Escondido, California 92029, Escondido, 92029 - 4 bed, 3 bath
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Escondido, California 92029
This property presents a High-Potential Investment Opportunity with a List Price of $949,900—positioned well below the $993,639 Fair Market Value by 4%. This valuation gap offers $43,739 in Instant Equity. Featuring a Fair Condition Rating, the home requires modernization, yet its expansive, flat lot and private-entry bedroom offer significant ADU conversion potential. This is a versatile asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2721 Surrey Lane Subject | $949,900* List Price | 4 | 3 | 2,332 | $426 | - |
A 2432 Live Oak Road Active | $1,149,000 List Price | 4 | 3 | 2,271 | $506 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 with interior features, including the kitchen and flooring, appearing to be over 30 years old. The dated tile countertops, cabinetry, and overall aesthetic indicate the home requires a comprehensive rehab to address aging systems and meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34412, living area = 2332.
Situated on nearly an acre of flat, usable land, this property offers rare versatility for horse enthusiasts, recreational space, or future structural expansions.
The inclusion of a bedroom with a private exterior entrance makes the home ideal for multi-generational living or a seamless ADU conversion for rental income.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =34412, other record lot size in square feet = 34600.
Built in 1960, the home likely requires modernization of its interior finishes and potential upgrades to aging mechanical, electrical, or plumbing systems.
The nearly one-acre lot and older structure necessitate significant ongoing maintenance and potential immediate capital investment to reach its full market potential.
Nestled on a quiet cul-de-sac, this charming single-story home offers 4 bedrooms and 3 bathrooms on nearly an acre of flat, usable land. Ideal for multi-generational living, guests, or rental income, one of the bedrooms features a private exterior entrance, making it perfectly suited for a potential ADU setup. The expansive lot provides endless possibilities even horse property, offering plenty of space for animals, recreation, or future improvements. Enjoy the peace and privacy of country-style living while still being conveniently located near local amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,332 | 2,028 |
| Lot Size | 34,412.398 | 10,454.4 |
| Price | $949.9K | $936.5K |
| Price per sq ft | $407 | $486 |
| Built year | 1960 | 1985 |
| HOA | $0 | $225 |
| Days on market | 28 | 46 |
Jun 24, 2026
$949,900
Initial Listing