12639 Elizabeth Way, Rancho Penasquitos, California 92129, Rancho Penasquitos, - bed, bath
ACTIVE$999,998
12639 Elizabeth Way, Rancho Penasquitos, California 92129
3Beds
2Baths
1,500Sqft
1,500Lot
Year Built
2025
Close
-
List price
$1,000K
Original List price
$999K
Price/Sqft
-
HOA
$395
Days on market
-
Sold On
-
MLS number
NDP2509981
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Price History
Date
Event
Price
10/31/25
Price Change
$999,998
10/16/25
Listing
$999,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (28 Listings) | |
|---|---|---|---|
| Beds | 3 | 2 | 59% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,500 | 945 | 76% |
| Lot Size | 1,500 | 0 | 0% |
| Price | $1,000K | $635K | 86% |
| Price per square foot | $667 | $615 | 69% |
| Built year | 2025 | 1987 | 90% |
| HOA | $395 | $436 | 38% |
| Days on market | 20 | 145 | 7% |
Condition Rating
Excellent
The property is listed with a 'year_built' of 2025, indicating it is a brand new construction. This means all components, including the kitchen, bathrooms, appliances, and systems, are new and meet current quality standards, requiring no immediate renovations or updates. The provided image does not depict the property itself, so the assessment is based solely on the construction year.
Pros & Cons
Pros
New Construction: Built in 2025, this property offers modern design, energy efficiency, and minimal immediate maintenance concerns for the new owner.
Prime Location & Top-Rated Schools: Situated in the highly desirable Rancho Penasquitos area, within the acclaimed Poway Unified School District, appealing to families and offering strong resale potential.
Desirable City Lights View: The property boasts an attractive city lights view, enhancing its aesthetic appeal and overall market value.
Low-Maintenance Lifestyle: As a condominium, it provides a convenient, low-maintenance living experience, ideal for busy professionals or those seeking a lock-and-leave option without extensive yard work.
Contemporary Appeal: Being a brand-new build, the property is expected to feature contemporary finishes, modern fixtures, and potentially smart home technology, aligning with current buyer preferences.
Cons
Significant Monthly Association Fee: The $395.0 monthly association fee adds a substantial ongoing cost to homeownership, which may impact affordability for some buyers.
Limited Private Outdoor Space: As a condominium with a lot size matching the unit's square footage, private outdoor living space is likely minimal or non-existent, which may not suit buyers desiring a yard or extensive outdoor entertaining areas.
High Price Per Square Foot: At nearly $667 per square foot, the property's price point is on the higher end for its size, potentially narrowing the pool of prospective buyers.