320 W 8th Avenue, Escondido, California 92025, Escondido, 92025 - 3 bed, 1 bath
ACTIVE$699,000
320 W 8th Avenue, Escondido, California 92025
3Beds
1Bath
1,196Sqft
6,969.6Lot
Price Vs. Estimate
The estimated value ($699,000) is $0 (0%) lower than the list price ($699,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Development Potential: The generous 6,864 sq ft lot is zoned R-3, explicitly allowing for the addition of a second unit, Accessory Dwelling Unit (ADU), or Junior ADU, offering substantial future expansion and income opportunities for homeowners and investors.
Top Cons:
Limited Bathroom Count: With 3 bedrooms plus a den, the presence of only 1.5 bathrooms may be a significant drawback for larger households or those desiring more private facilities.
Compared to the nearby listings
Price:$699.0K vs avg $920.0K ($-221,000)18%
Size:1,196 sqft vs avg 1,986 sqft18%
Price/sqft:$584 vs avg $51173%
More Insights
Built in 2023 (2 years old).
Condition: Despite the listed 'Year Built: 2023,' the interior images, particularly the kitchen and bathroom, indicate an older home that has not undergone a full modern renovation. The kitchen features dated white cabinets, basic countertops, and a mixed tile floor. The bathroom is functional but lacks contemporary style. The presence of a window AC unit also suggests a lack of central air conditioning, which is inconsistent with a new build. While the property appears well-maintained, it requires minor updates to bring the interior finishes up to current standards.
Year Built
2023
Close
-
List price
$699K
Original List price
$749K
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2506671
Home ConditionFair
Features
Patio
View-
About this home
Welcome to 320 W 8th Ave—nestled in the heart of South Escondido. This 3-bedroom plus Den, 1 1/2-bath home offers 1,196 square feet of living space on a generous 6,864 sq ft lot, providing ample room for future expansion or additional structures. The expansive, level lot is zoned R-3: allowing for the potential addition of a second unit, accessory dwelling unit (ADU), or a detached garage/workshop/possible junior ADU. Currently used as ample RV parking. Enjoy a covered front porch and a sizable backyard, perfect for entertaining or relaxing. Has a laundry room, home security system, and updated utilities, including natural gas heating and cable availability. Situated within walking distance to shops, restaurants, grocery and cultural attractions, as well as easy access to major highways. This property presents a unique opportunity for homeowners and investors alike with the added benefit of future development potential.
Nearby schools
3/10
Central Elementary School
Public,•K-5•0.3mi
4/10
Felicita Elementary School
Public,•K-5•0.5mi
4/10
Juniper Elementary School
Public,•K-5•1.0mi
4/10
Farr Avenue Elementary School
Public,•K-5•1.7mi
4/10
Pioneer Elementary School
Public,•K-5•1.7mi
5/10
Del Dios Middle School
Public,•6-8•1.2mi
4/10
Mission Middle School
Public,•6-8•1.4mi
5/10
Bear Valley Middle School
Public,•6-8•2.5mi
7/10
Quantum Academy
Public,•4-8•3.3mi
5/10
Escondido High School
Public,•9-12•2.2mi
4/10
Orange Glen High School
Public,•9-12•2.7mi
6/10
San Pasqual High School
Public,•9-12•2.8mi
Condition Rating
Fair
Despite the listed 'Year Built: 2023,' the interior images, particularly the kitchen and bathroom, indicate an older home that has not undergone a full modern renovation. The kitchen features dated white cabinets, basic countertops, and a mixed tile floor. The bathroom is functional but lacks contemporary style. The presence of a window AC unit also suggests a lack of central air conditioning, which is inconsistent with a new build. While the property appears well-maintained, it requires minor updates to bring the interior finishes up to current standards.
Pros & Cons
Pros
Significant Development Potential: The generous 6,864 sq ft lot is zoned R-3, explicitly allowing for the addition of a second unit, Accessory Dwelling Unit (ADU), or Junior ADU, offering substantial future expansion and income opportunities for homeowners and investors.
Prime Walkable Location: Nestled in the heart of South Escondido, the property boasts excellent walkability to shops, restaurants, grocery stores, and cultural attractions, complemented by easy access to major highways.
New Construction (2023): Built in 2023, the home benefits from modern construction standards, up-to-date building codes, and minimal immediate maintenance concerns, providing a move-in ready experience.
Versatile Outdoor Space: The expansive, level lot not only offers ample room for future expansion but also features a sizable backyard perfect for entertaining and dedicated space for RV parking.
Modern Conveniences & Updates: The property includes updated utilities, natural gas heating, a dedicated laundry room, and a home security system, ensuring comfort and functionality for residents.
Cons
Limited Bathroom Count: With 3 bedrooms plus a den, the presence of only 1.5 bathrooms may be a significant drawback for larger households or those desiring more private facilities.
Compact Interior Living Space: At 1,196 square feet for a 3-bedroom plus den configuration, the interior living space is relatively modest and might feel constrained for some buyers.
Recent Price Reduction: The property has undergone a recent price reduction from its original list price of $749,000 to $699,000, which could indicate market resistance or a need for a more competitive valuation.