
Escondido, California 92027
This Prime Investment Opportunity is a Turnkey Single-Family Residence listed at $749,900, positioned well below the $766,488 Fair Market Value by 2%. This valuation gap offers $16,588 in Instant Equity. Featuring a Condition Rating of 2, the home includes a modern Granite Kitchen, solar panels, and a private backyard with a Patio. Located near Glen View Elementary, this property balances financial stability with lifestyle convenience. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 823 Erica Street Subject 3 bd · 2 ba · 1,351 sqft · $565 | $749,900* List Price | 3 | 2 | 1,351 | $565 | - |
A 2013 Lee Drive Sold 3 bd · 2 ba · 1,054 sqft · $688 · 0.2 mi | $725,000 | 3 | 2 | 1,054 | $688 | 0.2 mi |
B 744 Begonia St Sold 3 bd · 1 ba · 954 sqft · $703 · 0.1 mi | $670,400 | 3 | 1 | 954 | $703 | 0.1 mi |
C 650 Hillward St Sold 4 bd · 2 ba · 1,372 sqft · $574 · 0.6 mi | $787,000 | 4 | 2 | 1,372 | $574 | 0.6 mi |
D 924 Daisy Street Sold 3 bd · 2 ba · 1,100 sqft · $690 · 0.1 mi | $759,000 | 3 | 2 | 1,100 | $690 | 0.1 mi |
E 2148 Medford Ave Sold 3 bd · 2 ba · 1,400 sqft · $604 · 0.3 mi | $845,000 | 3 | 2 | 1,400 | $604 | 0.3 mi |
F 2244 Medford Place Sold 3 bd · 2 ba · 1,250 sqft · $591 · 0.5 mi | $739,000 | 3 | 2 | 1,250 | $591 | 0.5 mi |
G 1279 Siggson Ave Sold 3 bd · 2 ba · 1,170 sqft · $645 · 0.9 mi | $755,000 | 3 | 2 | 1,170 | $645 | 0.9 mi |
H 2333 E Mission Avenue Sold 4 bd · 2 ba · 1,724 sqft · $513 · 0.5 mi | $885,000 | 4 | 2 | 1,724 | $513 | 0.5 mi |
I 704 Goldenrod Street Pending 3 bd · 2 ba · 1,038 sqft · $660 · 0.2 mi | $685,000 List Price | 3 | 2 | 1,038 | $660 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone extensive recent renovations making it turnkey. Key updates include a modern kitchen with granite countertops and stainless steel appliances, updated bathrooms with contemporary tile work, wood-look flooring throughout, and high-value system improvements such as a 2-year-old solar system and a brand-new vinyl fence.
The home features a fully updated kitchen with granite countertops, stylish wood-look flooring, and a brand-new vinyl fence, offering a move-in-ready experience for buyers.
Equipped with a solar panel system, a fully paid-for water filtration system, and no monthly HOA fees, this property provides significant long-term utility and ownership savings.
The layout includes a spacious primary suite with a unique fireplace and a flexible 4th bonus room, providing valuable extra space for a home office, den, or guest room.
The 4th bedroom/bonus room is not included in the official tax assessment and may lack proper permits, which could complicate financing or future resale value.
The property is officially listed as having no views, which may limit its competitive appeal compared to other elevated residences in the Escondido area.
Welcome to 823 Erica St, a charming single-story residence in the heart of East Escondido! This beautifully upgraded single-family home officially features 3 bedrooms and 2 bathrooms, plus a highly versatile 4th room perfect for a bonus room, home office, or den. (Property is tax-assessed as a 3-bedroom; 4th room bonus space may/may not be permitted. Buyer to verify.) Offering 1,351 sq ft of comfortable living space on a generous 6,100 sq ft lot, this turnkey property comes packed with high-value, modern upgrades.Step inside to a light-filled living area showcasing stylish wood-look flooring and ceiling fans throughout. The updated kitchen boasts rich granite countertops, sleek white cabinetry, a full decorative tile backsplash, recessed lighting, and stainless steel appliances. Relax in the spacious primary suite, complete with a unique cozy fireplace and an overhead skylight that floods the room with natural light.Enjoy outdoor living year-round under the large covered patio overlooking a spacious backyard, now fully enclosed by a brand-new vinyl fence that spans both the front and back of the property for ultimate curb appeal and privacy. Additional premium features include a fully paid-for water filtration system, an attached garage with generous storage space, and a valuable solar panel system (only 2 years into a 25-year contract) to keep your energy bills low. Best of all, there are no HOA fees! Conveniently located near local schools, dining, and easy freeway access, this property is an incredible opportunity you won't want to miss.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,351 | 2,059.182 |
| Lot Size | 6,100 | 10,916.716 |
| Price | $749.9K | $960.7K |
| Price per sq ft | $555 | $487 |
| Built year | 1960 | 1986 |
| HOA | $0 | $228 |
| Days on market | 53 | 51 |
Aug 11, 2026
$749,900
Initial Listing
Dec 1, 2015
$382,000
Public Record
Aug 20, 2015
$305,000
Public Record