1192 Merritt Dr, El Cajon, California 92020, El Cajon, 92020 - 3 bed, 4 bath
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El Cajon, California 92020
This Renovated View Estate is a Strong Value Opportunity, listed at $999,000—positioned well below the $1,080,000 Fair Market Value by 7%. This valuation gap offers $81,000 in Instant Equity for buyers. Boasting a Condition Rating of 2, the home features a high-end modern kitchen and panoramic city views from every bedroom. The expansive 22,215 sqft lot provides significant ADU potential, while the private lower-level suite supports multi-generational living or rental income. This is a premier acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1192 Merritt Dr Subject | $999,000* List Price | 3 | 4 | 2,007 | $538 | - |
A 11228 Horizon Hills Drive Active Under Contract | $1,275,000 List Price | 4 | 3 | 2,520 | $506 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone an extensive, high-end renovation within the last 5 years. The interior features a modern open-concept kitchen with white shaker cabinets, quartz countertops, a farmhouse sink, and premium stainless steel appliances. The home boasts consistent wood-look flooring, updated recessed lighting, contemporary fixtures, and a fully finished lower level, meeting the highest standards for move-in readiness with no deferred maintenance.
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.
The property offers breathtaking, unobstructed views of the city and surrounding mountains from every bedroom and the main living areas, providing a high-end atmosphere.
Situated on an expansive 22,215 square foot lot, there is significant room for outdoor expansion, landscaping, or the construction of an Accessory Dwelling Unit (ADU) for added value.
Built in 1948, the home may require ongoing maintenance or updates to its original infrastructure and systems to meet modern efficiency standards.
With 47 days on the market and two recent price reductions from the original $1.08M listing, the property is currently facing challenges in securing a buyer at its initial valuation.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 2,007 | 1,920 | 54% |
| Lot Size | 22,215 | 9,500 | 79% |
| Price | $999.0K | $945.0K | 55% |
| Price per sq ft | $498 | $523 | 40% |
| Built year | 1948 | 1965 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 153 | 15% |
Mar 27, 2026
$999,000
$1,059,000
-6% Price Drop
Initial Listing
Mar 14, 2026
$1,059,000
$1,080,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$1,080,000
Initial Listing
Jul 5, 2023
$980,000
Public Record
Jun 8, 2022
$750,000
Public Record
Feb 27, 1998
$166,500
Public Record