513 Shady Ln B, El Cajon, California 92021, El Cajon, 92021 - 2 bed, 2 bath
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513 Shady Ln B
El Cajon, California 92021
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,088Sq Ft
0Lot Size
Property Price
LIST PRICE$429,000
EST. MARKET VALUE
$428,187
SUMMARY
This Single-Story Condominium is a Strong Value Opportunity, listed at $429,000—positioned well below the $428,187 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. Featuring a Condition Rating of 4, the home offers modern luxury vinyl plank flooring and vaulted ceilings, though the kitchen and baths present a clear path for value-add cosmetic updates. With two private patios and a quiet cul-de-sac location, this property balances lifestyle comfort with investment potential, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Estimated Market Value
$428,187
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 |
|---|---|---|---|---|---|---|
★ 513 Shady Ln B Subject 2 bd · 2 ba · 1,088 sqft · $394 | $429,000* List Price | 2 | 2 | 1,088 | $394 | - |
A 1244 E Madison Ave C Sold 2 bd · 2 ba · 1,088 sqft · $372 · 0.0 mi | $405,000 | 2 | 2 | 1,088 | $372 | 0.0 mi |
B 1045 Peach Ave 54 Sold 2 bd · 2 ba · 1,100 sqft · $417 · 0.6 mi | $459,000 | 2 | 2 | 1,100 | $417 | 0.6 mi |
C 1250 E Madison Ave C Sold 2 bd · 2 ba · 1,088 sqft · $413 | $449,000 | 2 | 2 | 1,088 | $413 | - |
D 930 Peach Ave 25 Sold 2 bd · 2 ba · 975 sqft · $385 · 0.8 mi | $375,000 | 2 | 2 | 975 | $385 | 0.8 mi |
E 514 Shady Lane Unit C C Sold 2 bd · 2 ba · 1,088 sqft · $370 | $403,000 | 2 | 2 | 1,088 | $370 | - |
F 519 Shady Ln B Sold 2 bd · 2 ba · 1,088 sqft · $454 | $494,000 | 2 | 2 | 1,088 | $454 | - |
G 559 Oakdale Lane C Active 2 bd · 2 ba · 1,088 sqft · $391 · 0.0 mi | $425,000 List Price | 2 | 2 | 1,088 | $391 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The home is clean, move-in ready, and features updated luxury vinyl plank flooring. However, the kitchen and bathrooms are dated, featuring older oak cabinetry, laminate countertops, and brass fixtures that appear to be over 20 years old and will eventually require updating.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Character
The interior features soaring vaulted ceilings with exposed wood beams and luxury vinyl plank flooring, providing a modern aesthetic with unique character.
- Privacy and Outdoor Living
Tucked away at the end of a quiet cul-de-sac in a gated community, the unit offers two private patios that enhance the sense of space and privacy.
- Functional Single-Story Layout
The single-level floor plan offers excellent accessibility and convenience, complete with in-unit laundry hookups and an assigned covered carport with built-in storage.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $619.25 is relatively high for this price point, which may impact buyer affordability and overall monthly carrying costs.
- Low School Ratings
The assigned local schools have low performance ratings (ranging from 2 to 3), which could be a drawback for families and affect long-term appreciation.
About 513 Shady Ln B
Welcome to 513 Shady Ln Unit B, a charming single-story condo located within a gated community in El Cajon. Tucked away at the end of a quiet cul-de-sac, this 2-bedroom, 2-bath home offers over 1,088 sq. ft. of comfortable, thoughtfully designed living space with added privacy and a peaceful setting. Inside, you’ll find luxury vinyl plank flooring throughout, soaring vaulted ceilings with exposed wood beams, and an abundance of natural light that creates a bright, open feel. The spacious layout seamlessly connects the living, dining, and kitchen areas—ideal for both everyday living and entertaining. Enjoy indoor-outdoor living with two private patio spaces—a welcoming front patio off the dining area and a serene rear patio accessible from the primary suite, perfect for relaxing or unwinding at the end of the day. Additional features include in-unit washer and dryer hookups with both interior and exterior options, generous storage, and an assigned covered carport with built-in shelving for added convenience. Located in a well-maintained gated community, this home offers a perfect blend of comfort, character, and convenience—an excellent opportunity for both homeowners and investors alike.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1965
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $619.25 / Month
Neighborhood Insights
El Cajon Unified Schools
Naranca Elementary School
Grades K-5 • 0.5 mi
2/10
Cajon Valley Middle School
Grades 6-8 • 1.0 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,088 | 994.84 |
| Lot Size | - | 90,259.656 |
| Price | $429.0K | $437.0K |
| Price per sq ft | $394 | $441 |
| Built year | 1965 | 1984 |
| HOA | $619.25 | $428 |
| Days on market | 86 | 61 |
Pricing History
Listed for Sale
Sep 24, 2026
$429,000
$439,000
-2% Price Drop
Initial Listing
Price Change
Aug 23, 2026
$439,000
$449,000
-2% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$449,000
Initial Listing
Sold
Jun 30, 2022
$425,000
Public Record
Sold
Jun 1, 2009
$162,000
Public Record
Sold
Sep 26, 1994
$70,000
Public Record