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937 3rd Street, Encinitas, California 92024, Encinitas, 92024 - 4 bed, 2 bath

937 3rd Street, Encinitas, California 92024 home-pic-0
ACTIVE$3,499,995
937 3rd Street, Encinitas, California 92024
4Beds
2Baths
1,772Sqft
5,221Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Middle School: Pacific Trails Middle (10/10).
Top Cons:
Multiple Price Reductions: The property has undergone significant price reductions from its original listing, which may suggest initial overpricing or challenges in attracting buyers at previous price points.

Compared to the nearby listings

Price:$3.50M vs avg $1.91M (+$1,587,495)90%
Size:1,772 sqft vs avg 2,078.5 sqft30%
Price/sqft:$2.0K vs avg $81890%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, this duplex has been 'elegantly reimagined' with extensive, high-quality renovations. Both kitchens feature modern white shaker/flat panel cabinets, grey stone countertops, stainless steel appliances, and contemporary lighting. Bathrooms are similarly updated with modern vanities, tiled showers, and fixtures. New hardwood/laminate flooring is present throughout, and modern light fixtures are installed. The property also benefits from modern air conditioning (mini-split units). All visible components appear new or virtually new, meeting current quality standards, indicating a recent and thorough renovation.
Year Built
1950
Close
-
List price
$3.5M
Original List price
$3.75M
Price/Sqft
$1,975
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2504656
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

HUGE PRICE REDUCTION! Seller says sell it! 937 3rd Street is an elegantly reimagined duplex nestled in the heart of downtown Encinitas. This modern gem offers a unique blend of sophistication and coastal charm, making it an exceptional opportunity to own a long-term legacy property in one of San Diego's most coveted locations. Spanning a generous 1,772 square feet, this duplex comprises two distinct units. The upper unit, with its 876 square feet, features 2 well-appointed bedrooms a stylish bathroom and a spacious private patio with room for family and friends. The lower unit offers 896 square feet of living space, also encompassing 2 bedrooms, generous modern bathroom and an oversized patio spanning the entire width of the unit along with side yard. Both units are thoughtfully designed with contemporary finishes and conveniences, including air conditioning and in-unit washers and dryers. The property's total lot size of 5,221 square feet presents a wealth of potential. The seller has conceptual plans for an additional two units and four garages on the back portion of the lot, providing ample options for future development. Located just moments away from shops, dining, the beach, entertainment, and transportation, this duplex places the best of Encinitas at your doorstep. Whether you choose to continue its use as an Airbnb and long-term rental or explore new development possibilities, this property is a must-see. Don't miss out on this incredible opportunity to own a piece of coastal paradise. Schedule your viewing today!

Nearby schools

/10
Cardiff Elementary School
Public,•K-3•1.3mi
7/10
Paul Ecke-Central Elementary School
Public,•K-6•1.3mi
7/10
Ocean Knoll Elementary School
Public,•K-6•1.3mi
7/10
Ada W. Harris Elementary School
Public,•3-6•1.4mi
7/10
Oak Crest Middle School
Public,•7-8•1.5mi
8/10
Diegueno Middle School
Public,•7-8•3.3mi
10/10
Pacific Trails Middle
Public,•7-8•8.4mi
7/10
La Costa Canyon High School
Public,•9-12•4.4mi
Condition Rating
Excellent
Despite being built in 1950, this duplex has been 'elegantly reimagined' with extensive, high-quality renovations. Both kitchens feature modern white shaker/flat panel cabinets, grey stone countertops, stainless steel appliances, and contemporary lighting. Bathrooms are similarly updated with modern vanities, tiled showers, and fixtures. New hardwood/laminate flooring is present throughout, and modern light fixtures are installed. The property also benefits from modern air conditioning (mini-split units). All visible components appear new or virtually new, meeting current quality standards, indicating a recent and thorough renovation.
Pros & Cons

Pros

Great Schools: Middle School: Pacific Trails Middle (10/10).
Prime Coastal Location: Nestled in the heart of downtown Encinitas, the property offers exceptional walkability and proximity to shops, dining, beaches, entertainment, and transportation, making it highly desirable.
Income-Generating Duplex: Comprising two distinct, elegantly reimagined units, this duplex provides immediate income potential through Airbnb or long-term rentals, appealing to investors.
Significant Development Potential: The generous 5,221 sq ft lot includes conceptual plans for an additional two units and four garages, offering substantial future development and value-add opportunities.
Modern Renovations & Amenities: Both units feature contemporary finishes, air conditioning, and in-unit washers and dryers, ensuring modern comfort and convenience for residents or tenants.
Versatile Investment Opportunity: The property's flexibility for use as a personal residence with rental income, a pure investment property, or a development project caters to a wide range of buyer profiles.

Cons

Multiple Price Reductions: The property has undergone significant price reductions from its original listing, which may suggest initial overpricing or challenges in attracting buyers at previous price points.
Age of Original Construction: Built in 1950, despite being 'reimagined,' the underlying structure is over 70 years old, potentially leading to unforeseen maintenance or infrastructure issues not addressed by cosmetic renovations.
Conceptual Development Plans: While promising, the plans for additional units are currently 'conceptual,' meaning they are not approved and would require considerable time, capital, and regulatory hurdles to realize.

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