514 Shady Lane Unit C C, El Cajon, California 92021, El Cajon, 92021 - 2 bed, 2 bath
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El Cajon, California 92021
This Upgraded Move-In Ready Condo is a Strong Value Opportunity, listed at $395,000—positioned well below the $433,663 Fair Market Value by 8%. This valuation gap provides $38,663 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features fresh paint, newer stainless steel appliances, and a private patio. Residents benefit from an HOA that includes water, trash, and access to a swimming pool and basketball court. This turnkey residence is an ideal acquisition for first-time buyers or Owner-Occupants seeking a polished home with built-in financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 Shady Lane Unit C C Subject | $395,000* List Price | 2 | 2 | 1,088 | $399 | - |
A 525 Shady Lane D Sold | $420,000 | 3 | 2 | 1,280 | $328 | 0.0 mi |
B 1045 Peach Ave Unit 51 51 Sold | $465,000 | 2 | 2 | 1,100 | $423 | 0.6 mi |
C 830 Broadway 18 Sold | $425,000 | 2 | 2 | 950 | $447 | 0.9 mi |
D 389 Shady Ln D Sold | $420,000 | 2 | 3 | 1,050 | $400 | 0.1 mi |
E 792 N Mollison Avenue 9 Sold | $470,000 | 2 | 2 | 1,004 | $468 | 0.9 mi |
F 1244 E Madison Ave C Pending | $399,000 List Price | 2 | 2 | 1,088 | $367 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and freshly painted with newer stainless steel appliances and consistent tile flooring throughout the living areas. While the kitchen cabinetry, stone fireplace, and bathroom vanities reflect an older style, they appear well-maintained and functional. The home meets the 'good' criteria as it is a well-kept 1965 build with partial updates that does not require immediate renovation.
The property is freshly painted and features newer stainless steel appliances, offering a turnkey solution for first-time buyers or investors seeking a low-maintenance entry into the market.
The association fee covers essential utilities like water and trash, while providing residents with desirable community features including a swimming pool, basketball court, and recreation area.
With 1,088 square feet of living space, the condo offers a well-designed floor plan that includes a spacious kitchen and a private patio, enhancing the overall sense of comfort and functionality.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1088, other record living area = 1280. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
At $600 per month, the association dues are relatively high compared to the listing price, which may impact the debt-to-income ratio and overall affordability for some buyers.
The local public schools assigned to this address currently hold low ratings (ranging from 2 to 3 out of 10), which could be a drawback for families with school-aged children.
Beautiful 2 bedrooms condo featuring a bright, well designed layout that offers both comfort and functionality. Freshly painted and move-in-ready, this home presents a wonderful opportunity for first-time buyers, VA buyers or investors seeking value in a quiet, well established community in El Cajon. You will love the spacious kitchen with newer stainless steel appliances, offering plenty of room for cooking and gathering around the private patio . Enjoy living with an HOA that covers water, trash, common areas, and offer amenities like swimming pool, basketball court, and recreation area. Conveniently located near shopping, dining, schools and easy access to major freeways. This is a wonderful place to call home!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,088 | 960 | 71% |
| Lot Size | - | 49,080 | 40% |
| Price | $395.0K | $420.0K | 31% |
| Price per sq ft | $363 | $451 | 6% |
| Built year | 1965 | 1981 | 6% |
| HOA | $600.0 | $430 | 94% |
| Days on market | 5 | 187 | 6% |
Apr 17, 2026
$395,000
Initial Listing
Jul 7, 1997
$77,000
Public Record