2431 Vernon Ranch, Lemon Grove, California 91945, Lemon Grove, 91945 - 3 bed, 3 bath
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2431 Vernon Ranch
Lemon Grove, California 91945
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,969Sq Ft
6,187Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$884,939
4% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $849,000—positioned well below the $884,940 Fair Market Value by 4%. This valuation gap offers $35,940 in Instant Equity for the buyer. Built in 2016, the home maintains a Mint Condition Rating and features Fully Owned Solar and a Large Covered Patio. With its flexible loft space and modern finishes, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a modern, low-maintenance lifestyle.
Estimated Market Value
$884,939+$35,939 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lemon Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2431 Vernon Ranch Subject | $849,000* List Price | 3 | 3 | 1,969 | $449 | - |
A 2514 Buena Vista Sold | $864,999 | 4 | 2 | 1,740 | $497 | 0.7 mi |
B 1670 Primera St Sold | $835,000 | 3 | 2 | 1,572 | $531 | 0.7 mi |
C 7001 Lemonwood Ln Sold | $850,000 | 3 | 3 | 1,648 | $516 | 0.4 mi |
D 1607 Watwood Rd Sold | $887,500 | 3 | 4 | 2,435 | $364 | 0.9 mi |
E 1905 El Dora Street Sold | $695,000 | 3 | 2 | 1,277 | $544 | 0.8 mi |
F 7083 Berry Park Ln Pending | $790,900 List Price | 3 | 3 | 1,748 | $452 | 0.2 mi |
* 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 2016, this property is under 10 years old and remains in mint condition. The kitchen features modern white cabinetry, stone countertops, and stainless steel appliances, while the bathrooms show contemporary finishes. Systems are relatively new and include the added value of fully owned solar, requiring no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Efficiency
Built in 2016, this home features contemporary construction standards and fully owned solar panels, offering significant long-term energy savings and reduced utility costs.
- Flexible Floor Plan
The interior includes a large upstairs loft that provides excellent versatility, offering the potential to easily convert the space into a fourth bedroom or a dedicated home office.
- Superior Outdoor Living
The property boasts an expansive backyard with a large covered patio and professional turf, creating a premium, low-maintenance environment for all-weather entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Recurring HOA Costs
The property is subject to a $218 monthly association fee, which increases the overall monthly carrying cost compared to non-HOA homes in the area.
- Initial Bedroom Count
With nearly 2,000 square feet of living space, the current three-bedroom configuration may feel limited for larger families without further investment to convert the loft.
About 2431 Vernon Ranch
Welcome to this beautiful home located on a quaint cul de sac in the heart of Lemon Grove. This two story home comes with all the ease and comfort of a home built in 2016, including fully owned solar. As you enter the home, the downstairs is an open great room space with tons of natural light, cozy fireplace and ample storage. There is also a full sized laundry room with utility sink and extra storage, a moody half bathroom and direct access to the two car garage which is currently being used as a work out space and "man cave". Upstairs you will find 3 bedrooms and a large loft space that has the potential to be turned into a 4th bedroom or flex space. The star of this home is the huge backyard with a large covered patio space for entertaining in all weather and a fully turfed yard space to play.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2016
- Lot Size
- 6,187 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $218.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,969 | 1,409.923 |
| Lot Size | 6,187 | 7,779.169 |
| Price | $849.0K | $781.0K |
| Price per sq ft | $431 | $565 |
| Built year | 2016 | 1956 |
| HOA | $218.0 | $0 |
| Days on market | 7 | 35 |
Pricing History
Listed for Sale
Sep 2, 2026
$849,000
Initial Listing
Sold
May 22, 2024
$910,000
Public Record
Sold
Jun 2, 2016
$469,000
Public Record