487 S Lincoln Avenue, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 1 bath
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487 S Lincoln Avenue
El Cajon, California 92020
ACTIVE
CONDITION: GOOD
2Beds
1Baths
928Sq Ft
68,389.203Lot Size
Property Price
LIST PRICE$430,000
EST. MARKET VALUE
$395,497
8% AboveMARKET VALUE
SUMMARY
This Turn-Key Condominium represents a Strong Value Opportunity, listed at $430,000—positioned above the $400,288 Fair Market Value. While the list price reflects a premium, the property maintains a Good Condition Rating and features an over-sized private back patio, a sparkling pool, and a jacuzzi spa. Its functional layout and move-in ready status minimize immediate capital expenditure. Despite lower-rated local schools, the central location near major freeways ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle.
Estimated Market Value
$395,497
Based on Realkey algorithm analyzing recent comparable sales in El Cajon.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 487 S Lincoln Avenue Subject 2 bd · 1 ba · 928 sqft · $426 | $430,000* List Price | 2 | 1 | 928 | $426 | - |
A 489 S Lincoln Avenue Sold 2 bd · 2 ba · 928 sqft · $461 · 0.0 mi | $428,000 | 2 | 2 | 928 | $461 | 0.0 mi |
B 455 Ballantyne St 21 Sold 2 bd · 2 ba · 925 sqft · $344 · 0.7 mi | $318,000 | 2 | 2 | 925 | $344 | 0.7 mi |
C 438 S Anza Street Sold 2 bd · 1 ba · 900 sqft · $389 · 0.2 mi | $349,900 | 2 | 1 | 900 | $389 | 0.2 mi |
D 732 E Lexington 19 Sold 2 bd · 1 ba · 910 sqft · $384 · 0.2 mi | $349,000 | 2 | 1 | 910 | $384 | 0.2 mi |
E 403 Emerald Ave Apt 8 Sold 2 bd · 1 ba · 840 sqft · $393 · 0.9 mi | $330,000 | 2 | 1 | 840 | $393 | 0.9 mi |
F 180 Chambers Street 7 Sold 2 bd · 2 ba · 925 sqft · $481 · 1.0 mi | $445,000 | 2 | 2 | 925 | $481 | 1.0 mi |
G 280 Roanoke Rd Pending 2 bd · 2 ba · 1,024 sqft · $380 · 0.5 mi | $389,000 List Price | 2 | 2 | 1,024 | $380 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1981 (43 years old), the property is described as 'immaculately maintained' and 'turn-key,' suggesting it has been updated or maintained well enough to bypass the 'Fair' or 'Poor' categories. The description of a functional layout and 'turn-key' status implies that the kitchen, baths, and systems are in move-in condition, fitting the 5-15 year renovation/maintenance profile for a 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Space
The property features a rare, over-sized private back patio directly off the kitchen, providing a significant outdoor living area that is highly desirable for a townhome-style condo.
- Turn-Key Condition
Immaculately maintained and move-in ready, this home offers a functional layout and modern appeal, making it an ideal choice for first-time buyers or immediate rental investment.
- Prime Location & Amenities
Centrally located near major freeways and shopping, the quiet community also offers premium amenities including a sparkling pool and jacuzzi spa.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =68389, other record lot size in square feet = 68563.
- Limited Bathroom Count
With only 1.5 bathrooms, the lack of a second full bath may be a drawback for families or roommates compared to other 2-bedroom units in the area.
- School District Ratings
The assigned middle and high schools have lower performance ratings (3/10), which may be a concern for education-focused buyers and could impact future resale value.
About 487 S Lincoln Avenue
Absolutely PERFECT starter home or investment opportunity! This immaculately maintained 2-bedroom, 1.5-bathroom townhome style condo features a bright, functional layout designed for modern living. The main level offers a spacious living room (17' x 13'), a welcoming dining area, and a large kitchen with ample cabinet space flowing out directly to your own private, over-sized back patio. Upstairs features two large bedrooms. Situated in a quiet community featuring a sparkling pool and jacuzzi spa, this complex is centrally located just minutes away from major freeways, shopping, dining, and local schools. Truly a turn-key property that checks all the boxes!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 68,389.203 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
El Cajon Unified Schools
Anza Elementary School
Grades K-5 • 0.4 mi
5/10
Emerald Middle School
Grades 6-8 • 1.2 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 928 | 994.84 |
| Lot Size | 68,389.203 | 90,259.656 |
| Price | $430.0K | $437.0K |
| Price per sq ft | $463 | $441 |
| Built year | 1981 | 1984 |
| HOA | $0 | $428 |
| Days on market | 62 | 61 |
Pricing History
Listed for Sale
Aug 24, 2026
$430,000
Initial Listing
Sold
Apr 28, 2022
$435,000
Public Record
Sold
Apr 27, 2004
$125,000
Public Record