477 S Lincoln Ave, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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El Cajon, California 92020
This Townhouse represents a Strong Value Opportunity, listed at $415,000—positioned above the $372,000 Fair Market Value by 11%. While priced above current estimates, the property features a VA Assumable Loan, offering a unique financial advantage for eligible buyers. With a Condition Rating of 4, the unit includes in-unit laundry, two parking spaces, and community pool/spa access. Despite lower-rated local schools, the turnkey updates make this a practical choice for Buy-and-Hold Investors or first-time buyers seeking a convenient, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 S Lincoln Ave Subject | $415,000* List Price | 2 | 2 | 928 | $401 | - |
A 606 S S Mollison Ave A Sold | $449,000 | 2 | 2 | 1,024 | $438 | 0.2 mi |
B 294 Chambers St 12 Sold | $420,000 | 2 | 2 | 1,116 | $376 | 1.0 mi |
C 267 S S Mollison Ave 16 Sold | $417,000 | 2 | 2 | 1,200 | $348 | 0.3 mi |
D 317 S Mollison Ave # 3 Active | $469,900 List Price | 2 | 2 | 1,104 | $426 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, the property is over 40 years old and remains largely dated. While it features fresh paint and new light fixtures, the kitchen and bathrooms show older laminate countertops, original-style cabinetry, and aged appliances that exceed the 20-year threshold, requiring modernization.
The property features a VA assumable loan, providing a significant financial incentive for eligible buyers to secure a potentially lower interest rate than current market offerings.
Rare for this price point, the unit includes in-unit laundry and two dedicated parking spaces, including a carport with integrated storage, maximizing functional living space.
Recent updates including fresh interior paint and new light fixtures, combined with community amenities like a pool and spa, make this an attractive turnkey option for first-time buyers.
The assigned middle and high schools have lower performance ratings (3/10), which may be a concern for families prioritizing educational infrastructure.
The monthly association fee of $414.75 is relatively high for a 928-square-foot unit, which could impact the overall monthly debt-to-income ratio for budget-conscious investors.
TOWNHOUSE WITH TWO PARKING SPACES, one under carport with storage, IN-UNIT laundry, and close access to the community pool and spa for year-round relaxation. Located in a well-maintained community close to shopping, dining, and commuter routes, this home combines comfort and convenience in one great package. VA ASSUMABLE LOAN Perfect for first-time buyers or investors — don’t miss this one! *Virtual Staging* *Storage on patio to convey with property* Freshly painted (bedrooms & living room) New light fixtures.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 928 | 1,424 | 11% |
| Lot Size | - | - | 50% |
| Price | $415.0K | $615.0K | 5% |
| Price per sq ft | $447 | $438 | 63% |
| Built year | 1981 | 1981 | 50% |
| HOA | $414.75 | $320 | 68% |
| Days on market | 9 | 140 | 11% |
May 28, 2026
$415,000
Initial Listing
Apr 27, 2022
$425,000
Public Record
Aug 23, 2019
$275,000
Public Record