475 N Midway Drive 214, Escondido, California 92027, Escondido, 92027 - 3 bed, 2 bath
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475 N Midway Drive 214
Escondido, California 92027
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,053Sq Ft
261,360Lot Size
Property Price
LIST PRICE$549,999
EST. MARKET VALUE
$474,073
16% AboveMARKET VALUE
SUMMARY
This 3-bedroom condominium represents a High-Potential Investment Opportunity, listed at $549,999—positioned above the $474,073 Fair Market Value by 16%. While the price reflects a premium, the property offers significant utility through its modernized interior, including new tile showers and central A/C. With creative financing options like "subject-to" available, this asset provides a unique entry point for Buy-and-Hold Investors or first-time buyers. Its Condition Rating of 3 ensures a move-in ready experience near local schools and community amenities.
Estimated Market Value
$474,073
Based on Realkey algorithm analyzing recent comparable sales in Escondido.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 475 N Midway Drive 214 Subject 3 bd · 2 ba · 1,053 sqft · $450 | $549,999* List Price | 3 | 2 | 1,053 | $450 | - |
A 2094 E Grand Avenue 32 Sold 2 bd · 2 ba · 959 sqft · $417 · 0.4 mi | $400,000 | 2 | 2 | 959 | $417 | 0.4 mi |
B 431 Nantucket Sold 2 bd · 2 ba · 1,154 sqft · $485 · 0.6 mi | $560,000 | 2 | 2 | 1,154 | $485 | 0.6 mi |
C 1257 E Grand Avenue #d Sold 2 bd · 2 ba · 873 sqft · $447 · 1.0 mi | $390,000 | 2 | 2 | 873 | $447 | 1.0 mi |
D 475 N Midway Drive 117 Sold 2 bd · 2 ba · 964 sqft · $430 | $415,000 | 2 | 2 | 964 | $430 | - |
E 475 N Midway Drive 106 Sold 3 bd · 2 ba · 1,053 sqft · $427 | $450,000 | 3 | 2 | 1,053 | $427 | - |
F 475 N Midway 152 Sold 2 bd · 2 ba · 964 sqft · $425 | $410,000 | 2 | 2 | 964 | $425 | - |
G 2536 White Oak Place 1 Pending 3 bd · 2 ba · 1,039 sqft · $442 · 0.8 mi | $459,000 List Price | 3 | 2 | 1,039 | $442 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property features recent interior renovations (<5 years) including new modern laminate flooring, fresh paint, stainless steel kitchen appliances, and newly updated tile showers. While the 1979 exterior and balcony enclosure show some cosmetic signs of age, the interior is well-maintained, highly functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Financing Options
The seller is open to creative financing and 'subject-to' options, providing a significant advantage for investors or buyers looking for alternatives to traditional mortgage lending in a high-interest rate environment.
- Modernized Interior Features
The unit boasts newly updated tile showers and vaulted ceilings, offering a fresh, contemporary aesthetic that enhances the living space beyond its original 1979 construction.
- High-Demand Functional Amenities
Featuring a rare three-bedroom layout for a condo, the property includes essential modern conveniences such as central A/C, in-unit laundry, and a private balcony, maximizing both comfort and rental appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =261360, other record lot size in square feet = 261543. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Aggressive Price Appreciation
The property has seen a rapid price increase from a $307,000 sale in March 2024 to a $549,999 listing in September, which may present challenges during the appraisal process or raise concerns about value sustainability.
- Aging Complex Infrastructure
Built in 1979, the development may face higher long-term maintenance requirements or potential future assessments compared to newer condominium communities in the Escondido area.
About 475 N Midway Drive 214
***SELLER OPEN TO SUBJECT-TO / CREATIVE FINANCING OPTIONS!*** NEW TILE BATHROOM SHOWERS | 3 BED | 2 BATH | 1,053 SQ FT | IN-UNIT LAUNDRY | CENTRAL A/C | PRIVATE BALCONY Welcome to this spacious 3-bedroom, 2-bath condo in the heart of Escondido! This second-floor home features vaulted ceilings, an open and bright layout, newly updated tile showers, in-unit laundry, central A/C, and a private balcony. Enjoy community amenities including a pool, recreation area, and playground, conveniently located near shopping, dining, schools, and freeway access. Great opportunity for a first-time buyer, investor, or anyone looking for a low-maintenance home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 261,360 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $300.0 / Month
Neighborhood Insights
Escondido Unified Schools
Glen View Elementary School
Grades K-5 • 0.5 mi
6/10
Quantum Academy
Grades 4-8 • 1.1 mi
7/10
Hidden Valley Middle School
Grades 6-8 • 1.2 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,053 | 971.943 |
| Lot Size | 261,360 | 167,508.696 |
| Price | $550.0K | $427.7K |
| Price per sq ft | $522 | $427 |
| Built year | 1979 | 1981 |
| HOA | $300.0 | $538 |
| Days on market | 33 | 81 |
Pricing History
Listed for Sale
Sep 22, 2026
$549,999
Initial Listing
Sold
Jun 10, 2024
$490,000
Public Record
Sold
Mar 14, 2024
$307,000
Public Record