2024 Luzon Lane 5, Chula Vista, California 91915, Chula Vista, 91915 - 4 bed, 4 bath
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2024 Luzon Lane 5
Chula Vista, California 91915
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,139Sq Ft
0Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$749,900
SUMMARY
This Modern Urban Townhome is a Strong Value Opportunity, listed at $749,900, which aligns perfectly with its $749,900 Fair Market Value, ensuring a stable and fair acquisition. Built in 2021, the property maintains an Excellent Condition Rating and features a unique, flexible floor plan with a first-floor suite ideal for rental income. Residents enjoy Panoramic Mountain Views, a Sparkling Pool, and a highly walkable location near the Otay Ranch Town Center. This is an ideal acquisition for Owner-Occupants seeking a "house hack" or Buy-and-Hold Investors.
Estimated Market Value
$749,900
Based on Realkey algorithm analyzing recent comparable sales in Chula Vista.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2024 Luzon Lane 5 Subject | $749,900* List Price | 4 | 4 | 2,139 | $351 | - |
A 1455 Banahaw Way 6 Sold | $670,000 | 3 | 3 | 1,719 | $390 | 0.0 mi |
B 1952 Pavilion Lane Sold | $745,000 | 4 | 4 | 1,819 | $410 | 0.8 mi |
C 1812 Mint Terrace Unit 2 Sold | $725,000 | 4 | 4 | 1,816 | $399 | 1.0 mi |
D 1856 Focus Dr Sold | $805,000 | 4 | 4 | 2,037 | $395 | 0.9 mi |
E 1939 Strata St. Sold | $740,000 | 4 | 3 | 1,681 | $440 | 0.8 mi |
F 1812 Lynx Ter Sold | $920,000 | 3 | 4 | 2,670 | $345 | 1.0 mi |
G 2035 Element Way Sold | $750,000 | 3 | 4 | 1,915 | $392 | 1.0 mi |
H 2037 Tango Loop 2 Sold | $736,000 | 3 | 3 | 1,662 | $443 | 0.8 mi |
I 2054 Luzon 4 Pending | $799,900 List Price | 4 | 4 | 2,439 | $328 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2021, this property is only 3 years old and in mint condition. The kitchen features modern dark cabinetry, stone countertops, and stainless steel appliances. Bathrooms are updated with contemporary glass enclosures and fixtures. Systems are modern, including a tankless water heater visible in the garage, and the home requires no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Living Space
The unique first-floor bedroom with a full bath and direct street entry offers excellent potential for a rental unit, home office, or private guest suite.
- Prime Walkable Location
Situated steps from Otay Ranch Town Center, the property offers exceptional walkability to shopping, dining, and express transit for a convenient commute.
- Modern Design & Views
Built in 2021, this spacious townhome features an open-concept layout and private balconies with panoramic mountain and city light views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Market Stagnation
With over 80 days on the market and four consecutive price reductions, the property is experiencing market resistance despite its modern features.
- Recurring Ownership Costs
The $354 monthly association fee adds a significant fixed cost to the mortgage, which may impact buyer affordability compared to non-HOA properties.
About 2024 Luzon Lane 5
LOCATION! LOCATION! LOCATION! OTAY RANCH TOWN CENTER STILL GROWING! WALK TO THE MALL! TAKE THE EXPRESS DOWNTOWN TO WORK, TO GAMES, TO DINNER! SAVE ON PARKING! VIEWS FROM THE MASTER & THE LIVING ROOM!!! 1ST FLOOR ROOM AND FULL BATHROOM! ENTRY FROM STREET INTO HOME! CLOSE OFF & POSSIBLY RENT OUT! NO OTHER FLOOR PLAN LIKE IT ON THE MARKET NOW! The main living level boasts an OPEN- CONCEPT design w/a nice kitchen with TONS OF CABINETS & the FRIDGE CONVEYS! There's a dining area, and spacious living room, along with a convenient half bath for guest! Step out onto the Living room Balcony and enjoy Mountain Views overlooking the Otay Ranch Town Center, where shopping, dining, entertainment, and farmer's market are just STEPS AWAY! THIS IS NO ORDINARY TOWNHOME! You will never feel boxed into 4 walls here! This is Downtown meets Chula Vista Urban Living! Upstairs, You'll have your OWN FLOOR featuring a PRIMARY BEDROOM with its own LARGE PRIVATE BATHROOM W/DUAL SINKS, A LARGE SHOWER. YOUR OWN PERSONAL BALCONY is perfect for enjoying your morning coffee or unwinding at the end of the day. 2 Additional LARGE BEDROOMS and a FULL BATHROOM complete the upper level ALONG WITH A FULL SIZE WASHER AND DRYER THAT CONVEYS!! Enjoy community amenities including a SPARKLING POOL, PICKLE BALL courts, BBQ areas, PLAYGROUNDS, PARKS, & WALKING PATHS throughout this HIGHLY WALKABLE neighborhood. Commuting is a breeze with easy access to PUBLIC TRANSPORTATION & the NEARBY TROLLY STATION, connecting you to destinations throughout San Diego County.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2021
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $354.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.7 |
| Baths | 4.0 | 2.4 |
| Square foot | 2,139 | 1,188.972 |
| Lot Size | - | 57,275.789 |
| Price | $749.9K | $612.2K |
| Price per sq ft | $351 | $474 |
| Built year | 2021 | 2000 |
| HOA | $354.0 | $341 |
| Days on market | 89 | 57 |
Pricing History
Listed for Sale
Aug 26, 2026
$749,900
$765,900
-2% Price Drop
Initial Listing
Price Change
Aug 1, 2026
$765,900
$779,900
-2% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$779,900
$789,900
-1% Price Drop
Initial Listing
Price Change
Jul 2, 2026
$789,900
$795,000
-1% Price Drop
Initial Listing
Price Change
Jun 12, 2026
$795,000
Initial Listing
Sold
Nov 29, 2021
$480,500
Public Record