244 Elvado Way, San Diego, California 92114, San Diego, 92114 - 3 bed, 3 bath
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San Diego, California 92114
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $820,000—positioned well below the $862,883 Fair Market Value by 4%. This valuation gap offers $42,883 in Instant Equity. Featuring a Private Swimming Pool and a generous 2,162 sqft floor plan, the home maintains a Condition Rating of 4, signaling a need for modernization. Located within walking distance of Fulton K-8 and Morse High School, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 244 Elvado Way Subject | $820,000* List Price | 3 | 3 | 2,162 | $399 | - |
A 218 Elvado Way Sold | $725,000 | 3 | 2 | 1,631 | $445 | 0.0 mi |
B 117 Shady Oak Road Sold | $806,000 | 4 | 3 | 1,804 | $447 | 0.8 mi |
C 6236 Alderley Street Sold | $640,000 | 4 | 2 | 1,612 | $397 | 1.0 mi |
D 1062 Armacost Road Sold | $765,000 | 4 | 2 | 1,568 | $488 | 0.9 mi |
E 7832 Hunthaven Rd Sold | $670,000 | 3 | 3 | 1,400 | $479 | 0.9 mi |
F 7191 Dinovo Sold | $831,000 | 3 | 2 | 2,003 | $415 | 0.7 mi |
G 7447 Cahill Dr Pending | $749,000 List Price | 5 | 3 | 1,820 | $412 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home features kitchen and bathroom renovations that appear to be 15-20 years old. While functional and move-in ready with added solar panels, the interior finishes (cabinetry, black appliances, and tile) are dated, and the exterior pool deck shows significant wear, requiring minor repairs and modern updates.
The property features a private backyard oasis with a sparkling swimming pool, a highly desirable amenity for enjoying San Diego's year-round sunshine and hosting outdoor gatherings.
With 2,162 square feet of living space, this 3-bedroom home offers a generous and inviting floor plan that provides significantly more interior room than many comparable residences in the Encanto area.
The home is ideally situated within walking distance (less than 0.3 miles) of both Fulton K-8 and Morse High School, offering unparalleled convenience for families with school-aged children.
Built in 1961 and marketed as having 'endless potential,' the property likely requires cosmetic or functional updates to meet the expectations of buyers seeking a move-in-ready, modern aesthetic.
While the home is conveniently located near several educational institutions, the local public schools carry average ratings, which may be a consideration for buyers prioritizing high-performing school districts.
Welcome to 244 Elvado Way! This spacious 3-bedroom, 3-bath home offers a comfortable living space, and style. The inviting floor plan provides generous living areas, ideal for both everyday living and entertaining. Step outside to your own private backyard oasis featuring a sparkling swimming pool—perfect for relaxing, hosting summer gatherings, or enjoying San Diego's year-round sunshine. Situated on a well-sized lot in an established neighborhood, this home offers plenty of space inside and out, with endless potential to make it your own. Property has solar. Conveniently located near schools, shopping, dining, parks, and major freeways, this is an opportunity you won't want to miss!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,162 | 1,777 |
| Lot Size | 6,800 | 6,600 |
| Price | $820.0K | $1.24M |
| Price per sq ft | $379 | $743 |
| Built year | 1961 | 1972 |
| HOA | $0 | $200 |
| Days on market | 25 | 39 |
Jun 27, 2026
$820,000
Initial Listing
Dec 23, 1998
$164,000
Public Record