1192 Merritt Dr, El Cajon, California 92020, El Cajon, 92020 - 3 bed, 4 bath
1192 Merritt Dr
El Cajon, California 92020
Property Price
SUMMARY
Analysis of 1192 Merritt Dr, El Cajon, California 92020 reveals a Prime Investment Opportunity with a current list price of $1,080,000—significantly undercutting the $1,139,289 Fair Market Value by 5%. This valuation gap indicates a +$59,289 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the El Cajon Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1192 Merritt Dr Subject | $1,080,000* List Price | 3 | 4 | 2,007 | $568 | - |
A 895 S Lincoln Avenue Sold | $1,049,000 | 3 | 2 | 1,751 | $599 | 0.7 mi |
B 1682 Grove Road Sold | $930,000 | 3 | 2 | 1,598 | $582 | 0.8 mi |
C 1904 Grove Road Sold | $1,035,000 | 4 | 2 | 2,207 | $469 | 0.9 mi |
D 1780 Grove Rd Active | $1,259,000 List Price | 3 | 2 | 1,866 | $675 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a functional kitchen with ample cabinetry and updated bathrooms. While originally built in 1948, the interior shows evidence of past renovations (likely within the 10-15 year range) that keep it modern enough for immediate occupancy without major repairs. The flooring and fixtures appear to be in good condition, though they lack the high-end, contemporary finishes of a brand-new or 'excellent' rated renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22215, living area = 2007.
- Exceptional Panoramic Views
The property offers breathtaking, unobstructed views of the city and surrounding mountains from every bedroom and the main living areas, providing a high-end feel and significant value.
- ADU and Expansion Potential
With an expansive lot size of over 22,000 square feet, there is significant opportunity for outdoor development or the addition of an Accessory Dwelling Unit (ADU) to increase property value.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1948, the home may require updates to major systems, such as plumbing and electrical, to meet modern building codes and buyer expectations.
- Topography Constraints
While the hillside location provides excellent views, the steep nature of the lot may limit the amount of usable flat yard space for traditional recreational use.
About 1192 Merritt Dr
As you enter the home, you’re immediately welcomed by breathtaking panoramic views of the city and surrounding mountains, visible from every bedroom. The main level features a spacious kitchen with abundant cabinet and storage space, plus a covered patio — the perfect spot to enjoy your morning coffee while taking in the scenery. This level also offers two large bedrooms and two full bathrooms both capturing beautiful views and a half bathroom for your guest. Downstairs, you’ll find a third oversized bedroom with its own full bathroom and private access to the backyard with the stunning city views. The large lot offers plenty of space for planting, entertaining, or exploring the potential to build an ADU.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 22,215 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 2,007 | 1,855 | 59% |
| Lot Size | 22,215 | 9,205 | 82% |
| Price | $1.08M | $945.0K | 68% |
| Price per sq ft | $538 | $521 | 58% |
| Built year | 1948 | 1964 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 148 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,080,000
Initial Listing
Sold
Jul 5, 2023
$980,000
Public Record
Sold
Jun 8, 2022
$750,000
Public Record
Sold
Feb 27, 1998
$166,500
Public Record