23530 Carmena Road, Ramona, California 92065, Ramona, 92065 - 3 bed, 2 bath
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23530 Carmena Road
Ramona, California 92065
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,564Sq Ft
16,988Lot Size
Property Price
LIST PRICE$699,950
EST. MARKET VALUE
$671,520
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $699,999—positioned well below the $665,425 Fair Market Value by -5%. While the home has a Fair Condition Rating, the expansive 0.4-acre lot provides significant upside for forced appreciation through landscaping or ADU development. Located in the Ramona Country Estates with access to equestrian facilities and Mountain Valley Academy (9/10), this asset offers a unique blend of lifestyle and value-add potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity.
Estimated Market Value
$671,520
Based on Realkey algorithm analyzing recent comparable sales in Ramona.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23530 Carmena Road Subject 3 bd · 2 ba · 1,564 sqft · $429 | $699,950* List Price | 3 | 2 | 1,564 | $429 | - |
A 16030 Spangler Peak Road Sold 3 bd · 2 ba · 1,760 sqft · $412 · 0.3 mi | $725,000 | 3 | 2 | 1,760 | $412 | 0.3 mi |
B 23546 Oriente Way Sold 3 bd · 2 ba · 1,456 sqft · $501 · 0.1 mi | $730,000 | 3 | 2 | 1,456 | $501 | 0.1 mi |
C 23803 Glenn Ellen Court Sold 4 bd · 2 ba · 2,118 sqft · $377 · 0.6 mi | $798,500 | 4 | 2 | 2,118 | $377 | 0.6 mi |
D 23849 Gymkhana Rd Sold 3 bd · 2 ba · 2,020 sqft · $399 · 0.8 mi | $805,000 | 3 | 2 | 2,020 | $399 | 0.8 mi |
E 23601 Barrego Way Active 4 bd · 2 ba · 1,679 sqft · $485 · 0.1 mi | $814,900 List Price | 4 | 2 | 1,679 | $485 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property is over 40 years old but has received some cosmetic updates. The interior features updated laminate flooring and modern stainless steel appliances. However, the kitchen retains dated tile countertops and a fluorescent light box ceiling, and the massive backyard is completely unlandscaped dirt, indicating a need for updates and outdoor completion.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16988, living area = 1564.
- Great Schools
High School: Mountain Valley Academy (9/10).
- Expansive Lot Potential
The nearly 0.4-acre lot features a massive backyard, providing a blank canvas for a pool, ADU, or custom outdoor entertaining space to build immediate equity.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16988, other record lot size in square feet = 17176.
- Renovation Required
The listing emphasizes 'potential' and 'creating your own vision,' indicating the home likely requires significant cosmetic or functional updates to meet modern standards.
- Aging Infrastructure
Built in 1979, the property may necessitate near-term investments in major systems or structural components that are nearing the end of their typical lifespan.
About 23530 Carmena Road
VA ASSUMABLE LOAN LOW 5'S Space, lifestyle, and serious potential in Ramona Country Estates! Welcome to 23530 Carmena Rd — a 3-bedroom, 2-bath home offering 1,564 sq. ft. of living space on an expansive nearly 0.4-acre lot, complete with an attached 2-car garage. The real opportunity is out back. The HUGE BACKYARD gives buyers the space to dream big—create an incredible outdoor entertaining area, add a pool, expand the landscaping, or explore other improvements that could add even more value. Located in Country Estates, residents can enjoy community amenities including golf, pools, tennis, pickleball, hiking and horse trails, parks, and equestrian facilities. Looking for a home where you can create something of your own instead of paying a premium for someone else’s vision? Come see the possibilities at 23530 Carmena Rd. Schedule your private showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 16,988 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $205.0 / Month
Neighborhood Insights
Ramona Unified Schools
Barnett Elementary School
Grades K-6 • 0.6 mi
5/10
James Dukes Elementary School
Grades K-6 • 1.6 mi
7/10
Olive Peirce Middle School
Grades 7-8 • 3.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,564 | 2,213.899 |
| Lot Size | 16,988 | 28,584.038 |
| Price | $700.0K | $845.8K |
| Price per sq ft | $448 | $404 |
| Built year | 1979 | 1989 |
| HOA | $205.0 | $190 |
| Days on market | 31 | 49 |
Pricing History
Listed for Sale
Oct 16, 2026
$699,950
$699,999
+0% Price Increase
Initial Listing
Price Change
Sep 24, 2026
$699,999
Initial Listing
Sold
Mar 10, 2023
$699,000
Public Record
Sold
Oct 13, 2005
$460,000
Public Record