
Chula Vista, California 91911
This Turnkey Condominium represents a Prime Investment Opportunity, listed at a List Price of $450,000—positioned well below the $461,993 Fair Market Value by 2%. This valuation gap provides $11,993 in Instant Equity. Featuring a Condition Rating of 2 (Mint), this unit offers a rare private backyard, community pool/spa, and city lights views. Located in the Sweetwater Union High School District, this property is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in-ready, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1677 Melrose Av E Subject | $450,000* List Price | 2 | 2 | 920 | $502 | - |
A 1539 Sonora Drive 272 Sold | $546,000 | 2 | 2 | 1,070 | $510 | 0.8 mi |
B 1691 Melrose Ave H Sold | $385,000 | 2 | 2 | 920 | $418 | - |
C 1595 Mendocino Drive 56 Sold | $540,000 | 2 | 2 | 1,045 | $517 | 0.5 mi |
D 321 Rancho Sold | $397,000 | 2 | 1 | 836 | $475 | 0.2 mi |
E 1725 Melrose 28 Active | $540,000 List Price | 2 | 2 | 1,225 | $441 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1984, the property is described as updated and photos show a high-end, recent renovation (likely <5 years) including a modern bathroom with subway tile and glass enclosure, updated flooring, and contemporary fixtures. It is in mint, move-in-ready condition.
This unit features a rare private backyard, providing a unique outdoor living area that is highly sought after in condominium living.
The condo is an updated, entry-level unit, offering modern interior finishes and convenient ground-floor access without the need for stairs.
Situated within the gated Melrose Villas, the property offers enhanced security along with access to a community pool, jacuzzi, and city light views.
The association fee of $742 per month is substantial and may significantly impact the monthly carrying costs and affordability for many buyers.
Constructed in 1984, the building may face upcoming maintenance requirements or assessments typical of older multi-family developments.
Welcome to this wonderful updated 2 bedroom, 2 bath entry level condo in the gated community of Melrose Villas in Chula Vista. It has a private backyard and the community includes a pool and jacuzzi. Major renovations were completed in March 2024, including bathrooms, windows, doors, flooring, and painting. The kitchen was updated with a new refrigerator, dishwasher, microwave, cabinets, and fixtures. It's conveniently located close to shops, restaurants and major freeways.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 920 | 1,188.972 |
| Lot Size | - | 57,275.789 |
| Price | $450.0K | $612.2K |
| Price per sq ft | $489 | $474 |
| Built year | 1984 | 2000 |
| HOA | $742.0 | $341 |
| Days on market | 29 | 57 |
Aug 11, 2026
$450,000
Initial Listing
Jan 19, 2024
$485,000
Public Record
Aug 27, 2015
$215,000
Public Record
May 23, 2008
$170,000
Public Record
Sep 22, 2003
$242,500
Public Record
Nov 9, 1999
$100,000
Public Record