331 Islander Street, Oceanside, California 92054, Oceanside, 92054 - 3 bed, 2 bath
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Oceanside, California 92054
This Turnkey Single Family Residence represents a Prime Investment Opportunity, listed at $1,025,000—positioned well below the $1,046,679 Fair Market Value by 2%. This valuation gap provides $21,679 in Instant Equity. With a Mint Condition Rating, the home features a Paid-Off Solar System, New HVAC, and Updated Kitchen. The expansive 15,681 sqft lot offers rare outdoor privacy. This property is an ideal acquisition for Buy-and-Hold Investors seeking VA loan assumption benefits or Owner-Occupants prioritizing long-term energy efficiency and move-in readiness.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 331 Islander Street Subject | $1,025,000* List Price | 3 | 2 | 1,356 | $772 | - |
A 2833 Turnbull Sold | $925,000 | 4 | 2 | 1,461 | $633 | 0.6 mi |
B 540 S Barnwell Street Sold | $820,000 | 3 | 2 | 1,430 | $573 | 0.5 mi |
C 2615 Lancelot Drive Sold | $1,025,000 | 3 | 2 | 1,121 | $914 | 0.4 mi |
D 2704 Merlin Place Pending | $999,999 List Price | 3 | 2 | 1,121 | $892 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1984, the property has undergone a comprehensive recent renovation (likely <5 years) including a brand-new HVAC system, a fully updated kitchen with modern cabinetry and stone countertops, and refreshed bathrooms with high-end tile work. The addition of a paid-off solar system and new flooring throughout places it in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15681, living area = 1356.
The property offers a rare 2.25% VA loan assumption opportunity and a fully paid-off solar panel system, providing massive long-term savings and immediate relief from high market interest rates.
The home is move-in ready with significant recent investments, including a brand-new HVAC system, fresh flooring, and updated kitchen and bathrooms, minimizing post-purchase capital expenditures.
With only 1,356 square feet of living space, the home may feel compact for families requiring more room, especially given the $1.025M price point.
The local public schools carry modest ratings ranging from 3 to 5, which may be a drawback for buyers specifically seeking top-tier educational districts for their children.
Welcome to 331 Islander Street, a move-in-ready Oceanside home tucked away on a quiet street with the feel of a private cul-de-sac. Thoughtful updates, inviting outdoor living spaces, and exceptional long-term value come together to create a home that's as comfortable as it is practical. Inside, fresh new flooring creates a bright, cohesive feel throughout the open living spaces, while the updated kitchen and refreshed bathrooms provide a clean, modern look that's ready to enjoy from day one. A brand-new HVAC system delivers year-round comfort, and the dedicated laundry area with a utility sink adds everyday convenience. The beautifully landscaped front and back yards extend the living space outdoors, creating inviting areas for morning coffee, weekend gatherings, or relaxing under the custom pergola. The refreshed backyard features smooth pavers and a private hillside path that adds both character and a peaceful outdoor retreat. The solar panel system will be fully paid off by the seller at closing, allowing you to enjoy lower energy costs from day one without taking on a solar lease or loan. For eligible buyers, the opportunity to assume the home's exceptional 2.25% VA loan could represent substantial long-term financing savings compared with today's market rates. Conveniently located less than 15 minutes from the beach and approximately 10 minutes from Camp Pendleton, this home offers an ideal balance of comfort, convenience, and value. Combining thoughtful upgrades, inviting outdoor living, meaningful energy savings, and a peaceful neighborhood setting, 331 Islander Street is ready to welcome you home. Schedule your private tour today!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,356 | 1,763 |
| Lot Size | 15,681.6 | 6,750 |
| Price | $1.02M | $960.1K |
| Price per sq ft | $756 | $566 |
| Built year | 1984 | 1986 |
| HOA | $0 | $144 |
| Days on market | 13 | 42 |
Jul 9, 2026
$1,025,000
Initial Listing
Jul 18, 2017
$522,500
Public Record
Nov 24, 1993
$153,000
Public Record