5120 N River Road E, Oceanside, California 92057, Oceanside, 92057 - 2 bed, 2 bath
ACTIVE$475,000$992/sqft
5120 N River Road E, Oceanside, California 92057
2Beds
2Baths
992Sqft
150,073Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Broad Market Appeal: This condominium is highly versatile, suitable for a primary residence, second home, or investment property, supported by strong rental demand and recent comparable sales in the area.
Top Cons:
Significant HOA Dues: The monthly HOA fee of $430 is a notable recurring expense that could impact affordability for owner-occupants and reduce cash flow for investors, even with water and trash included.
Compared to the nearby listings
Price:$475.0K vs avg $450.0K (+$25,000)57%
Size:992 sqft vs avg 1,092 sqft32%
Price/sqft:$479 vs avg $46259%
More Insights
Built in 1984 (42 years old).
Condition: This property is move-in ready with recent cosmetic updates including new paint and new carpet. The kitchen features granite countertops and stainless steel appliances, while bathrooms also have updated vanities with granite. Although the building was constructed in 1984, the interior updates, particularly in the kitchen and bathrooms, appear to have been done within the last 5-15 years, making it functional and well-maintained. Some elements like the kitchen fluorescent light and bathroom vanity lights are a bit dated, preventing an 'excellent' score, but overall it presents well and requires no immediate renovations.
Year Built
1984
Close
-
List price
$475K
Original List price
$499K
Price/Sqft
$479
HOA
$430
Days on market
-
Sold On
-
MLS number
NDP2600095
Home ConditionGood
Features
Good View: Hills
ViewHills
About this home
Well-located 2 bedroom, 2 bathroom condominium offering approximately 992 square feet of living space in Oceanside. This unit features a functional floor plan with open living and dining areas and in-unit laundry with gas and electric dryer hookups. The home includes two spacious bedrooms and is well suited for a primary residence, second home, or investment property. Community amenities include a pool and spa, maintained by a professionally managed HOA. One detached garage and one assigned parking space included. Conveniently located near shopping, dining, schools, and major transportation routes with easy access throughout North County. Positioned within the Oceanside Unified School District and served by public water and sewer. Strong rental demand and recent comparable sales support both owner-occupant and investor interest. New paint and new carpet. Water and Trash are included with HOA.
C
Crystal Stotler
Listing Agent
Condition Rating
Good
This property is move-in ready with recent cosmetic updates including new paint and new carpet. The kitchen features granite countertops and stainless steel appliances, while bathrooms also have updated vanities with granite. Although the building was constructed in 1984, the interior updates, particularly in the kitchen and bathrooms, appear to have been done within the last 5-15 years, making it functional and well-maintained. Some elements like the kitchen fluorescent light and bathroom vanity lights are a bit dated, preventing an 'excellent' score, but overall it presents well and requires no immediate renovations.
Pros & Cons
Pros
Broad Market Appeal: This condominium is highly versatile, suitable for a primary residence, second home, or investment property, supported by strong rental demand and recent comparable sales in the area.
Recent Interior Upgrades: The unit features new paint and new carpet, providing a fresh, updated, and move-in-ready aesthetic for prospective buyers.
Desirable Community Amenities: Residents benefit from access to a community pool and spa, professionally managed by the HOA, enhancing lifestyle and property value.
Strategic Location & Accessibility: Conveniently located near shopping, dining, schools, and major transportation routes, offering easy access throughout North County.
Convenient Parking & In-Unit Laundry: The property includes a valuable detached garage, an additional assigned parking space, and in-unit laundry hookups, adding significant practical convenience.
Cons
Significant HOA Dues: The monthly HOA fee of $430 is a notable recurring expense that could impact affordability for owner-occupants and reduce cash flow for investors, even with water and trash included.
Building Age: Built in 1984, the 40-year-old building may have original systems (e.g., plumbing, electrical) that could require future maintenance, repairs, or updates beyond the recent cosmetic improvements.
Recent Price Adjustment: The recent price reduction from $499,000 to $475,000 could suggest initial overpricing or a slower market response, potentially raising questions for buyers regarding its market value.