3086 Mercer Lane, San Diego, California 92122, San Diego, 92122 - 5 bed, 3 bath
Loading property details...
San Diego, California 92122
This Stately University City Residence is a Strong Value Opportunity, listed at $2,200,000—positioned slightly above the $2,088,006 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring a move-in ready interior with updated kitchen and baths. The home’s primary appeal lies in its Panoramic Canyon Views and generous 5-bedroom layout, providing a rare lifestyle sanctuary. This property is an ideal acquisition for Owner-Occupants seeking a long-term family home or Discerning Buyers prioritizing location and scenic vistas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3086 Mercer Lane Subject | $2,099,000* List Price | 5 | 3 | 2,383 | $866 | - |
A 3542 Governor Drive Sold | $1,625,000 | 5 | 3 | 2,575 | $631 | 0.5 mi |
B 5904 Tulane Street Sold | $1,744,000 | 4 | 3 | 1,801 | $968 | 0.6 mi |
C 3426 Millikin Ave Sold | $1,938,000 | 4 | 3 | 2,779 | $697 | 0.3 mi |
D 3298 Mercer Lane Sold | $1,695,000 | 3 | 2 | 1,674 | $1,013 | 0.2 mi |
E 4086 Caminito Terviso Sold | $1,650,000 | 3 | 3 | 1,800 | $917 | 0.5 mi |
F 5822 Stadium Street Sold | $1,800,000 | 4 | 3 | 1,946 | $925 | 0.7 mi |
G 5761 Carnegie Street Sold | $1,575,000 | 3 | 2 | 1,569 | $1,004 | 0.7 mi |
H 2925 Fried Ave Active | $1,749,999 List Price | 3 | 2 | 1,949 | $898 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1967, the property shows exceptional pride of ownership with renovations to the kitchen and bathrooms likely completed within the last 10-15 years. The interior features updated flooring, neutral paint, and stainless steel appliances, making it well-maintained and move-in ready.
The property features breathtaking, unobstructed panoramic views, a premium asset that significantly enhances the home's desirability and long-term value.
Situated in the highly sought-after University City neighborhood, this residence offers an outstanding central location with proximity to top-tier schools, shopping, and major employment hubs.
With 5 bedrooms and 3 full bathrooms across 2,383 square feet, the home provides a generous and rare floor plan that is ideal for large families or multi-generational living.
Built in 1967, the property may require significant capital investment to modernize its aesthetic and update aging mechanical systems to meet contemporary luxury standards.
At a list price of $2.2 million, the property sits at a high price point for its age, which may lead to increased scrutiny regarding the level of interior updates compared to newer builds.
Beautifully maintained two-story residence featuring 5 bedrooms and 3 full bathrooms in the highly sought-after central University City neighborhood. Showcasing exceptional pride of ownership, this stately home offers a bright, impeccably cared-for interior, generous living spaces, and breathtaking unobstructed panoramic views. Combining timeless character, everyday comfort, and an outstanding location, this is a rare opportunity to own a truly special property in one of the area's most desirable communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,383 | 1,777 |
| Lot Size | 7,700 | 6,600 |
| Price | $2.10M | $1.24M |
| Price per sq ft | $881 | $743 |
| Built year | 1967 | 1972 |
| HOA | $0 | $200 |
| Days on market | 35 | 39 |
Jul 2, 2026
$2,099,000
$2,200,000
-5% Price Drop
Initial Listing
Jun 17, 2026
$2,200,000
Initial Listing