1238 Cedar Street, Ramona, California 92065, Ramona, 92065 - 3 bed, 3 bath
Loading property details...
Ramona, California 92065
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $949,000—positioned well below the $970,596 Fair Market Value by 2%. This valuation gap offers $21,596 in Instant Equity. With a Condition Rating of 3, the home features a Granite Kitchen, owned solar, and a 450-square-foot great room with mountain views. The 1.2-acre lot provides significant infrastructure for hobbyists. This property is an ideal acquisition for Owner-Occupants seeking a lifestyle property or VA-qualified buyers looking to assume a low-interest loan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 Cedar Street Subject | $949,000* List Price | 3 | 3 | 2,160 | $449 | - |
A 1305 Ash St Sold | $735,000 | 2 | 2 | 1,390 | $529 | 0.3 mi |
B 111 Village Walk Way Sold | $1,075,310 | 3 | 3 | 1,906 | $564 | 0.9 mi |
C 639 Alice Street Active | $950,000 List Price | 3 | 2 | 1,872 | $507 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1977, the property is well-maintained and move-in ready with recent cosmetic updates including new paint, new carpet, and wood flooring. The kitchen has been modernized with granite countertops and stainless-steel appliances. The inclusion of owned solar and a functional workshop indicates updated systems and good maintenance, fitting the 5-15 year renovation profile.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52707, living area = 2160.
The 1.2-acre fully fenced lot is exceptionally equipped with a large workshop featuring water and electricity, dual RV parking with hookups, and owned solar, providing massive value for hobbyists or those seeking a self-sustained lifestyle.
A spectacular 450-square-foot great room with expansive picture windows frames breathtaking mountain and valley views, serving as a high-end focal point for the home's interior.
With 46 days on market and multiple price reductions from an initial $1.075M to $949k, the property has struggled to find its price floor, which may lead to buyer hesitation regarding its true market value.
Built in 1977, the home may require more intensive maintenance or updates to its core systems and layout compared to newer builds in the Ramona area, despite recent cosmetic improvements.
1.2 private, fully fenced acres, this beautiful home with workshop offers breathtaking mountain and valley views, mature shade and fruit trees, and the peaceful country lifestyle you've been searching for. Inside, you'll find new paint, new carpet, wood flooring a spectacular 450-square-foot great room with expansive picture windows that frame the incredible views, a fireplace, and a kitchen featuring granite countertops and stainless-steel appliances. This property includes multiple gated entrances, owned solar, a large workshop with water and electricity, a spacious garage with built-in shelving, two RV parking areas with electrical hookups, two storage sheds, and plenty of usable land for animals, gardens, recreation, or future expansion. Wander winding pathways, relax beside your private waterfall, entertain under the covered pavilion, and enjoy multiple outdoor sitting areas surrounded by nature. An added bonus: Qualified VA buyers may have the opportunity to assume the seller's existing low-interest VA loan, creating the potential for substantial monthly savings compared to today's interest rates. Ask for details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,160 | 2,194 |
| Lot Size | 52,707.602 | 22,215.6 |
| Price | $949.0K | $832.9K |
| Price per sq ft | $439 | $405 |
| Built year | 1977 | 1987 |
| HOA | $0 | $195 |
| Days on market | 47 | 60 |
Jul 8, 2026
$949,000
$984,000
-4% Price Drop
Initial Listing
Jun 29, 2026
$984,000
$999,899
-2% Price Drop
Initial Listing
Jun 26, 2026
$999,899
$1,075,000
-7% Price Drop
Initial Listing
Jun 5, 2026
$1,075,000
Initial Listing
Jul 20, 2022
$799,000
Public Record
Dec 29, 2000
$293,000
Public Record