12224 Fernando Ct, San Diego, California 92128, San Diego, 92128 - 5 bed, 3 bath
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San Diego, California 92128
This property presents a High-Potential Investment Opportunity with a List Price of $1,199,000—positioned above the $1,153,128 Fair Market Value by 3%. While the price reflects a premium, the 5-bedroom, 3-bath layout on a quarter-acre cul-de-sac lot offers significant value-add potential. With a Condition Rating of 5, the home requires a comprehensive renovation to modernize its 1978 interiors. Featuring panoramic mountain and canyon views and access to top-rated schools like Del Norte High, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a custom renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12224 Fernando Ct Subject | $1,199,000* List Price | 5 | 3 | 2,469 | $467 | - |
A 17768 Sintonte Dr Sold | $1,004,000 | 3 | 2 | 2,519 | $399 | 0.6 mi |
B 12475 Floresta Way Sold | $1,400,000 | 5 | 3 | 2,372 | $590 | 0.7 mi |
C 12595 Camino Vuelo Sold | $1,020,000 | 3 | 3 | 2,348 | $434 | 0.7 mi |
D 12624 Camino Emparrado Sold | $890,000 | 3 | 2 | 1,909 | $466 | 0.6 mi |
E 18163 Mirasol Dr Active | $1,395,000 List Price | 5 | 3 | 3,040 | $459 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1978 (46 years old) with no mention of significant renovations. The listing description explicitly frames the property as a renovation project and investment opportunity ('create your dream home,' 'unlock the full potential'), suggesting that the kitchen, bathrooms, and systems are likely original or severely dated and require a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 2469.
Elementary School: Stone Ranch Elementary School (9/10). High School: Del Norte High School (10/10).
The property is situated on a private quarter-acre cul-de-sac lot featuring sweeping mountain and canyon views with stunning sunset vistas, providing a rare level of privacy and natural beauty.
The property is marketed as a 'vision' project, implying that the 1978 interior likely requires a substantial capital investment to modernize finishes and systems to current market standards.
With an association fee of approximately $755, the monthly non-mortgage carrying costs are notably higher than many other single-family residences in the surrounding area.
Panoramic mountain views! Sitting on a private, quarter-acre lot on a quiet cul-de-sac, this is an exceptional opportunity to create your dream home in one of Rancho Bernardo’s most desirable neighborhoods. The home features soaring vaulted ceilings, an open floor plan flooded with natural light, en-suite bedroom on main level, and mountain views from nearly every room. The expansive wraparound backyard is the true centerpiece, showcasing sweeping canyon and rolling hillside views with stunning sunset skies that provide a peaceful, private backdrop. With plenty of room to expand, add a pool/spa, outdoor kitchen, or design the backyard retreat you’ve always envisioned, the possibilities are endless. Whether you’re looking to renovate, personalize, or invest, this property presents an opportunity to capitalize on a prime Rancho Bernardo location, just minutes from award-winning schools, golf, parks, shopping, dining, and convenient freeway access. The Rancho Bernardo Swim & Tennis Club also offers resort-style amenities including pickleball, tennis, two pools & spas, fitness center, saunas, indoor racquetball, basketball, game room, playground, classes and more! Bring your vision and unlock the full potential of this remarkable view property.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 1.7 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,469 | 1,777 |
| Lot Size | - | 6,600 |
| Price | $1.20M | $1.24M |
| Price per sq ft | $486 | $743 |
| Built year | 1978 | 1972 |
| HOA | $755.4 | $200 |
| Days on market | 5 | 39 |
Jul 17, 2026
$1,199,000
Initial Listing
Jul 12, 2002
$468,000
Public Record
May 16, 2000
$348,000
Public Record