3721 Magellan Circle, Oceanside, California 92056, Oceanside, 92056 - 2 bed, 1 bath
3721 Magellan Circle
Oceanside, California 92056
Property Price
SUMMARY
Analysis of 3721 Magellan Circle, Oceanside, California 92056 reveals a Prime Investment Opportunity with a current list price of $645,000—significantly undercutting the $686,842 Fair Market Value by 6%. This valuation gap indicates a +$41,842 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Oceanside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3721 Magellan Circle Subject | $645,000* List Price | 2 | 1 | 1,104 | $622 | - |
A 3560 Santa Maria Street Sold | $600,000 | 2 | 1 | 827 | $726 | 0.3 mi |
B 3648 Mira Pacific Sold | $569,000 | 2 | 1 | 827 | $688 | 0.1 mi |
C 3732 Mira Pacific Drive Sold | $665,000 | 2 | 2 | 1,124 | $592 | 0.2 mi |
D 3694 Mira Pacific Drive Sold | $579,000 | 2 | 1 | 827 | $700 | 0.1 mi |
E 3317 Buena Hills Drive Sold | $510,000 | 2 | 1 | 827 | $617 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive recent interior remodel, featuring a modern kitchen with new cabinetry extended to the ceiling and updated flooring throughout. The addition of a permitted sunroom with vaulted open-beam ceilings and a gas fireplace, combined with the 'newly remodeled' status, places this 1972 home in the excellent category as all major interior components have been updated within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Remodel
The home features a newly updated interior with fresh flooring throughout and a contemporary kitchen boasting ceiling-height cabinetry and expanded counter space.
- Permitted Sunroom
A standout permitted sunroom with vaulted open-beam ceilings and a gas fireplace provides a cozy, light-filled extension of the living area with direct backyard access.
- Low HOA & Prime Location
Situated on a quiet double cul-de-sac near the beach and major amenities, the property offers the benefit of an architectural committee without the burden of monthly HOA dues.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1104, other record living area = 827.
- Single Bathroom Layout
With only one bathroom serving two bedrooms, the layout may be less convenient for multi-occupant households or future resale competition.
- Square Footage Uncertainty
The listed square footage is an estimate and includes a sunroom permitted as a wooden patio, requiring buyer due diligence to verify actual living area and permit status.
About 3721 Magellan Circle
This Costa Serena home sits on a quiet cul de sac off of a cul de sac, with a nice yard and beautiful bright sun room. The interior has been newly remodeled with updates including new flooring throughout. New modern kitchen cabinets extend to ceiling and surround refridgerator with extra counter space added on both sides. Perfect for your coffee maker or... The sunroom features a vaulted open beam ceiling and a gas fireplace adds to the coziness. Access the backyard directly from the sunroom. The enclosed patio/sunroom IS permitted as an enclosed wooden patio. See attached permit. One bedroom closet has been converted to a laundry closet, but can be changed back to a standard closet. Costa Serena is conveniently located off of the 78 fwy near Tri City Hospital, Mira Costa College, shopping, dining and within 5 miles of the beach. HOA is an architectural committee, no required monthly dues. ***Buyer to confirm all square footage, (numbers given are an estimate) Buyer to contact city for any clarification of permit***
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 4,300 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Oceanside Unified Schools
Christa Mcauliffe Elementary School
Grades K-5 • 1.1 mi
Martin Luther King Jr. Middle School
Grades 6-8 • 2.1 mi
Ocean Shores High (Continuation) School
Grades 9-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 26% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,104 | 1,767 | 11% |
| Lot Size | 4,300 | 5,216.1 | 23% |
| Price | $645.0K | $940.0K | 13% |
| Price per sq ft | $584 | $540 | 66% |
| Built year | 1972 | 1989 | 8% |
| HOA | $0 | $122 | 41% |
| Days on market | 8 | 163 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$645,000
Initial Listing
Sold
Nov 21, 2016
$325,000
Public Record
Sold
Dec 6, 2004
$280,000
Public Record