3535 Madison Avenue 131, San Diego, California 92116, San Diego, 92116 - 2 bed, 2 bath
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3535 Madison Avenue 131
San Diego, California 92116
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
950Sq Ft
93,654Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$596,087
7% BelowMARKET VALUE
SUMMARY
This Turn-Key Condominium is a Strong Value Opportunity, listed at $500,000—positioned well below the $545,659 Fair Market Value by 8%. This valuation gap offers $45,659 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a private-use patio, pool, and gym access. Located in the vibrant Normal Heights neighborhood, it offers an exceptional lifestyle near top-rated schools like Garfield Elementary. This is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready home.
Estimated Market Value
$596,087+$46,087 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3535 Madison Avenue 131 Subject | $550,000* List Price | 2 | 2 | 950 | $627 | - |
A 4584 Felton St 3 Sold | $540,000 | 2 | 2 | 744 | $726 | 0.3 mi |
B 4732 34th Street 5 Sold | $687,000 | 2 | 2 | 1,100 | $625 | 0.3 mi |
C 4485 Idaho Street 3 Sold | $585,000 | 2 | 2 | 793 | $738 | 1.0 mi |
D 4510 34th St 12 Sold | $599,000 | 2 | 2 | 819 | $731 | 0.2 mi |
E 3535 Madison Ave 134 Sold | $400,000 | 1 | 1 | 650 | $615 | 0.0 mi |
F 4415 38th St 4 Sold | $604,000 | 2 | 2 | 834 | $724 | 0.4 mi |
G 4548 Hawley Boulevard 2 Sold | $575,000 | 2 | 1 | 770 | $747 | 0.2 mi |
H 4517 Utah Street 5 Active | $639,900 List Price | 2 | 1 | 894 | $716 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1984, the unit is described as turn-key and thoughtfully refreshed. It features updated flooring, modern recessed lighting, newer bathroom fixtures, and custom shutters, making it well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Normal Heights, the property offers exceptional walkability to Adams Avenue’s vibrant dining, shopping, and entertainment scene.
- Turn-Key Condition
This main-level unit has been thoughtfully refreshed with newer fixtures and custom shutters, providing a move-in-ready experience at a competitive price point for San Diego.
- Private Outdoor Living
Unlike many standard condominiums, this unit features a private-use patio for gardening and dining, complemented by robust community amenities including a pool and gym.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $634 is relatively high for this price bracket, which may impact the overall monthly affordability and debt-to-income ratio for buyers.
- Building Age
Constructed in 1984, the complex may face higher long-term maintenance requirements or potential special assessments compared to newer residential developments.
About 3535 Madison Avenue 131
This home is cool, even on a hot day. (Often, indirect light has its benefits) I'm not talking only about the temperature ~ Unit 131 is offered at a cool $579 p/sq.ft., making it ONE OF THE BEST CONDO VALUES IN ALL OF NORMAL HEIGHTS. Can you hear that? That's the sound of opportunity knocking. At this highly sought-after complex, you'll have your own private-use patio that's perfect for gardening, relaxing, sipping coffee, and outdoor dining. If you've ever had shared laundry rooms, you know that in-unit laundry is always a bonus. Adela has its own Amazon lockers inside the complex. PETS ARE WELCOME-JUST NOT ON THE LANDSCAPING. Normal Heights / Adams Avenue offers so much entertainment, dining, shopping, gyms, community centers, parks, coffee shops, bodegas, events, etc. that we have a separate sheet of information designed just for you! Unit 131 is on the main level and has been thoughtfully refreshed. It is turn-key and ready for you to move right in. Both bedrooms enjoy gentle breezes through their custom shutters. Both bathrooms have newer mirrors and light fixtures. Your patio has an additional storage closet and your parking spot is conveniently situated between two community gates. The lush landscaping is diligently maintained and the pool is always refreshing. Plus, the gym is spacious and clean. I challenge you to find a better value in Normal Heights! Virtual Tour also available.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 93,654 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $634.0 / Month
Neighborhood Insights
San Diego Unified Schools
Adams Elementary School
Grades K-5 • 0.1 mi
5/10
Normal Heights Elementary School
Grades K-5 • 0.2 mi
7/10
Edison Elementary School
Grades K-5 • 0.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 950 | 1,002.307 |
| Lot Size | 93,654 | 75,574.68 |
| Price | $550.0K | $596.0K |
| Price per sq ft | $579 | $612 |
| Built year | 1984 | 1985 |
| HOA | $634.0 | $529 |
| Days on market | 47 | 55 |
Pricing History
Listed for Sale
Aug 9, 2026
$550,000
$500,000
+10% Price Increase
Initial Listing
Price Change
Jul 24, 2026
$500,000
Initial Listing
Sold
Jan 19, 2007
$290,000
Public Record