888 Cherrywood Unit 3, El Cajon, California 92021, El Cajon, 92021 - 2 bed, 2 bath
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888 Cherrywood Unit 3
El Cajon, California 92021
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,024Sq Ft
53,563Lot Size
Property Price
LIST PRICE$409,000
EST. MARKET VALUE
$438,433
6% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium represents a Strong Value Opportunity, listed at $409,000—positioned well below the $438,433 Fair Market Value by 6%. This valuation gap provides $29,433 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a private patio, balcony, and in-unit laundry. Its combination of recent cosmetic updates and functional storage makes it a stable, low-maintenance asset. This property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking immediate occupancy and long-term equity growth.
Estimated Market Value
$438,433+$29,433 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 888 Cherrywood Unit 3 Subject | $409,000* List Price | 2 | 2 | 1,024 | $428 | - |
A 768 N Mollison Ave C Sold | $510,000 | 2 | 2 | 1,004 | $508 | 0.2 mi |
B 1045 Peach Ave 61 Sold | $390,000 | 2 | 1 | 937 | $416 | 0.5 mi |
C 521 N Mollison Sold | $415,000 | 2 | 1 | 844 | $492 | 0.5 mi |
D 830 Broadway 18 Sold | $425,000 | 2 | 2 | 950 | $447 | 0.2 mi |
E 792 N Mollison Avenue 9 Sold | $470,000 | 2 | 2 | 1,004 | $468 | 0.2 mi |
F 1572 Stone Edge Cir Sold | $530,000 | 2 | 2 | 1,138 | $466 | 0.9 mi |
G 465 E Bradley Avenue 3 Active | $365,000 List Price | 2 | 2 | 900 | $406 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1979, the property has undergone recent cosmetic updates including fresh interior paint and refinished kitchen cabinets. It is described as move-in ready and functional, aligning with the criteria for a well-maintained home with a 5-15 year effective renovation age.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Pricing
Listed at $409,000, the property is priced significantly below its 2023 sale price of $437,000, offering an excellent value proposition and equity potential for first-time buyers.
- Move-In Ready Condition
The home features fresh interior paint and refinished kitchen cabinets, providing a clean and updated aesthetic that allows for immediate occupancy without the need for initial renovations.
- Functional Outdoor & Storage Space
The unit offers superior utility with a private patio, a primary bedroom balcony, and covered parking that includes dedicated storage, which is a premium for condominium living.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Constructed in 1979, the property may soon require maintenance or upgrades to older mechanical systems and common area elements typical of buildings from this era.
- Limited Bathroom Count
The 1.5-bath configuration may be a drawback for small families or roommates who would prefer two full bathrooms for increased privacy and convenience.
About 888 Cherrywood Unit 3
Welcome to Cherrywood Park for a great starter home for first time home buyers! This gated El Cajon community offers a fantastic opportunity for first-time homebuyers ready to stop renting and start building equity. This move-in-ready 2-bedroom, 1.5-bath condo features 1,024 sq ft, fresh interior paint, refinished kitchen cabinets, full-sized in-unit laundry, a private patio, a primary bedroom with its own balcony, and covered parking with storage. Conveniently located near shopping, dining, schools, and freeways, this is an affordable opportunity to make homeownership a reality!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 53,563 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $380.0 / Month
Neighborhood Insights
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 | 1,024 | 984.595 |
| Lot Size | 53,563 | 97,331.676 |
| Price | $409.0K | $434.4K |
| Price per sq ft | $399 | $444 |
| Built year | 1979 | 1985 |
| HOA | $380.0 | $436 |
| Days on market | 28 | 56 |
Pricing History
Listed for Sale
Aug 12, 2026
$409,000
Initial Listing
Sold
Apr 28, 2023
$437,000
Public Record
Sold
Jul 1, 2020
$285,000
Public Record
Sold
Oct 18, 2016
$210,000
Public Record
Sold
Dec 15, 2010
$83,500
Public Record
Sold
Aug 30, 1994
$67,500
Public Record