2950 Nutmeg St, San Diego, California 92104, San Diego, 92104 - 2 bed, 1 bath
2950 Nutmeg St
San Diego, California 92104
Property Price
SUMMARY
Analysis of 2950 Nutmeg St, San Diego, California 92104 reveals a property with a current list price of $875,000, which is 5% above the estimated $828,622 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2950 Nutmeg St Subject | $875,000* List Price | 2 | 1 | 720 | $1,151 | - |
A 3680 Kalmia St Sold | $935,000 | 2 | 2 | 853 | $1,096 | 0.9 mi |
B 3536 Park Villa Sold | $1,110,000 | 2 | 1 | 892 | $1,244 | 0.7 mi |
C 3533 Louisiana Street Pending | $850,000 List Price | 2 | 1 | 768 | $1,107 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1949, this property is over 70 years old and shows clear signs of significant deferred maintenance and outdated features. The kitchen, with its pink countertops and backsplash, and very old cabinets, appears to have had its last major update 30-50+ years ago, or is largely original. The visible light fixtures are dated, and the hardwood floors are worn and scratched, requiring refinishing. The description explicitly states the home is 'ready to be reimagined' and requires 'substantial investment for renovation,' aligning with the 'poor' condition criteria of needing substantial repairs and rehabilitation. While not explicitly stated as unsafe, the age and lack of modern updates suggest major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan and would require significant attention.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Exceptional Location
Situated on a quiet street, steps from Morley Field and Balboa Park, offering a tranquil setting with excellent walkability to North Park's vibrant cafes and trails.
- Scenic Canyon Views
Features peaceful views of Switzer Canyon, providing a serene backdrop and enhancing the property's appeal.
CONSRISKS & DEFICIENCIES
- Requires Significant Renovation
Built in 1949, the description suggests the home needs to be 'reimagined' and updated to modern standards, implying substantial investment for renovation.
- Limited Interior Space
With only 720 sqft, the 2-bedroom, 1-bath layout offers compact living, which may not suit all buyer needs or preferences.
- Potential Overpricing/Market Adjustment
The current list price is 7% above the estimated property value, and a recent price reduction indicates the initial pricing may have been too high, potentially signaling buyer resistance.
About 2950 Nutmeg St
Tucked away on a quiet street on the outskirts of Burlingame and steps from Morley Field and Balboa Park, this 2-bedroom, 1-bath home offers a rare opportunity to create your own sanctuary in one of San Diego’s most desirable pockets. Set against a backdrop of peaceful views of Switzer Canyon, the property features a spacious deck—the perfect spot to enjoy morning coffee, unwind at sunset, or host intimate gatherings with friends. Inside, classic details and natural light set the stage for a home ready to be reimagined with your personal touch. Here, you’ll find the best of both worlds: a tranquil residential setting with plenty of on-street parking, all within walking distance to local cafes, trails, and the lively charm that defines North Park living. Bring your vision and make this inviting home your own slice of San Diego’s most beloved neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
McKinley Elementary School
Grades K-5 • 0.5 mi
Jefferson Elementary School
Grades K-5 • 0.9 mi
Rowan Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 45% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 720 | 1,137.5 | 8% |
| Lot Size | 5,000 | 4,480.5 | 61% |
| Price | $875.0K | $1.19M | 20% |
| Price per sq ft | $1.2K | $983 | 84% |
| Built year | 1949 | 1935 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 149 | 155 | 48% |
Pricing History
Listed for Sale
Nov 25, 2025
$875,000
$900,000
-3% Price Drop
Initial Listing
Price Change
Oct 9, 2025
$900,000
Initial Listing