321 N Melrose Drive B, Vista, California 92083, Vista, 92083 - 1 bed, 1 bath
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321 N Melrose Drive B
Vista, California 92083
ACTIVE
CONDITION: FAIR
1Beds
1Baths
892Sq Ft
0Lot Size
Property Price
LIST PRICE$389,000
EST. MARKET VALUE
$400,121
SUMMARY
This 1-bedroom condominium is a Strong Value Opportunity, listed at $399,000—positioned well below the $403,564 Fair Market Value by 1%. This valuation gap offers $4,564 in Instant Equity. Featuring a Condition Rating of 4, the unit offers a move-in ready interior with vaulted ceilings and a private garage. While the kitchen remains dated, the property provides a peaceful lifestyle with pool and greenbelt views. This is an ideal acquisition for first-time buyers or buy-and-hold investors seeking a stable, well-located asset.
Estimated Market Value
$400,121
Based on Realkey algorithm analyzing recent comparable sales in Vista.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 N Melrose Drive B Subject 1 bd · 1 ba · 892 sqft · $449 | $389,000* List Price | 1 | 1 | 892 | $449 | - |
A 230 Diamond Way Sold 2 bd · 2 ba · 878 sqft · $489 · 0.3 mi | $429,000 | 2 | 2 | 878 | $489 | 0.3 mi |
B 333 N Melore Drive D Sold 1 bd · 1 ba · 892 sqft · $443 · 0.1 mi | $395,000 | 1 | 1 | 892 | $443 | 0.1 mi |
C 313 N Melrose Sold 2 bd · 2 ba · 1,172 sqft · $381 · 0.0 mi | $447,000 | 2 | 2 | 1,172 | $381 | 0.0 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 1981, the property is over 40 years old. While it features new flooring and is described as move-in ready, the kitchen remains dated with original oak cabinetry, a fluorescent light box, and older white appliances. It lacks a full modern renovation of the primary systems and wet areas, fitting the criteria for a well-maintained but dated unit needing cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Offered at $399,000, this condo represents an excellent entry-level opportunity in the San Diego market, especially following a recent $20,000 price reduction.
- Desirable Top-Floor Layout
The unit features vaulted ceilings and no neighbors above, providing a sense of privacy and an open, airy atmosphere often missing in smaller condominiums.
- Superior Parking Assets
Rare for a one-bedroom unit, this property includes both a private 1-car garage with storage and an additional assigned parking space, adding significant convenience.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
At $620 per month, the association fees are relatively high for a one-bedroom unit, which may impact a buyer's monthly debt-to-income ratio and overall affordability.
- Extended Market Time
Having been on the market for 40 days with a price cut, the property may be perceived as having lower liquidity or initial overpricing compared to faster-moving local inventory.
About 321 N Melrose Drive B
OPEN HOUSE SATURDAY OCTOBER 24th 12-3PM & SUNDAY 25TH 11AM-2PM Welcome home to Melrose Park! This top-floor 1 bed / 1 bath condo in Vista offers an exceptionally spacious 892 sq ft layout—far larger than your average 1-bedroom—in a welcoming, established neighborhood. Enjoy top-floor privacy with no neighbors above you. Soaring vaulted ceilings and a cozy fireplace anchor the main living area, creating an open, airy, yet inviting space to relax. Move-in ready with new flooring throughout, in-unit laundry, and a oversized bedroom that serves as your own private retreat. Step out onto your private balcony off the dining area for morning coffee or unwinding with evening wine while taking in peaceful tree and pool views. Parking and storage are effortless with a 1-car garage, extra storage space, plus an assigned parking spot. Conveniently located just off the 78 freeway near shopping, dining, and movies. Low-maintenance living at its best—the HOA covers water, sewer, trash, and roof maintenance! Come take a look!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $620.0 / Month
Neighborhood Insights
Vista Unified Schools
Olive Elementary School
Grades K-5 • 0.3 mi
0/10
Madison Middle School
Grades 6-8 • 1.9 mi
5/10
Rancho Buena Vista High School
Grades 9-12 • 2.5 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.1 |
| Baths | 1.0 | 1.8 |
| Square foot | 892 | 975.316 |
| Lot Size | - | 103,338.582 |
| Price | $389.0K | $494.3K |
| Price per sq ft | $436 | $495 |
| Built year | 1981 | 1987 |
| HOA | $620.0 | $486 |
| Days on market | 44 | 56 |
Pricing History
Listed for Sale
Oct 23, 2026
$389,000
$399,000
-3% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$399,000
$419,000
-5% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$419,000
Initial Listing
Sold
Apr 26, 2002
$146,000
Public Record
Sold
Feb 18, 1998
$45,000
Public Record