11037 Pallon Way, San Diego, California 92124, San Diego, 92124 - 4 bed, 3 bath
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San Diego, California 92124
This Value-Add Residential Asset is listed at $1,450,000, reflecting a location-based premium relative to its $1,353,310 Fair Market Value. Currently holding a Fair Condition Rating, the property’s dated 1974 finishes offer a prime opportunity for modernization and forced appreciation. The expansive 8,800 Sq Ft Lot backs onto a private canyon, providing a serene backdrop and ample space for an ADU or Pool. Located within reach of the 8/10 Rated Tierrasanta Elementary, this home is a strategic choice for Owner-Occupants seeking a renovation project or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11037 Pallon Way Subject | $1,310,000* List Price | 4 | 3 | 2,001 | $652 | - |
A 4390 Cartulina Sold | $1,369,000 | 4 | 2 | 1,919 | $713 | 0.4 mi |
B 11152 Vivaracho Way Sold | $1,235,000 | 4 | 2 | 2,090 | $591 | 0.3 mi |
C 11458 Via Promesa Sold | $1,450,000 | 4 | 3 | 2,024 | $716 | 0.6 mi |
D 11002 Promesa Dr Sold | $1,157,000 | 4 | 2 | 1,803 | $642 | 0.7 mi |
E 11172 Promesa Dr Pending | $1,250,000 List Price | 4 | 2 | 1,803 | $693 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the home is over 50 years old and remains largely in a dated state. While the kitchen features updated marble countertops, it retains the original wood cabinets and older fluorescent box lighting. The interior finishes, including carpeting and sliding closet doors, appear to be over 20 years old, placing the property in the 'Fair' category as it is functional but requires significant cosmetic updates and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8800, living area = 2001.
Situated in a highly sought-after Tierrasanta neighborhood, the property backs onto an open canyon area, providing exceptional privacy and a serene natural backdrop.
The generous 8,800 square foot lot offers ample space for significant outdoor improvements, such as a swimming pool or an Accessory Dwelling Unit (ADU).
With original wood cabinets from 1974, the interior likely requires modernization and cosmetic upgrades to align with contemporary luxury standards.
The sale is contingent upon the seller finding suitable replacement housing, which may lead to an extended or unpredictable closing timeline for the buyer.
Major Price Reduction! Great Tierrasanta Canyon Lot 4 Br 2.5 Ba in the best neighborhood! 8,800 Sq ft lot backs to the open area and has lots of privacy. Kitchen has Marble countertops and original wood cabinets. 4 bedrooms on 2nd floor. Some view from Primary Bedroom. Grab this hard to find North East Tierrasanta gem! Needs some TLC. Create Sweat Equity! Close to shopping, restaurants and more. Big yard has room for a pool, ADU or? Make this your Home! Seller wants offers. Seller to find replacement property before closing. Wants a smaller home in Santee. Call me with questions. I answer my phone!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.7 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,001 | 1,838 | 67% |
| Lot Size | 8,800 | 5,286 | 82% |
| Price | $1.31M | $1.25M | 53% |
| Price per sq ft | $655 | $642 | 56% |
| Built year | 1974 | 1977 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 113 | 13% |
May 22, 2026
$1,310,000
$1,450,000
-10% Price Drop
Initial Listing
May 5, 2026
$1,450,000
Initial Listing