361 Morehouse, Chula Vista, California 91911, Chula Vista, 91911 - 4 bed, 2 bath
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361 Morehouse
Chula Vista, California 91911
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,272Sq Ft
6,998Lot Size
Property Price
LIST PRICE$565,000
EST. MARKET VALUE
$619,329
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $565,000—positioned well below the $619,330 Fair Market Value by 8%. This valuation gap offers $54,330 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a Panoramic View from the backyard terrace and a spacious 7,000 sq ft lot, the home provides significant upside through cosmetic renovation. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build equity.
Estimated Market Value
$619,329+$54,329 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Chula Vista.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 361 Morehouse Subject 4 bd · 2 ba · 1,272 sqft · $487 | $565,000* List Price | 4 | 2 | 1,272 | $487 | - |
A 1216 Elm Avenue Sold 3 bd · 2 ba · 1,075 sqft · $552 · 0.6 mi | $593,000 | 3 | 2 | 1,075 | $552 | 0.6 mi |
B 1315 Preston Place Active 3 bd · 2 ba · 1,080 sqft · $556 · 0.2 mi | $600,000 List Price | 3 | 2 | 1,080 | $556 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1985 (nearly 40 years old) with no evidence of recent renovations. The listing explicitly identifies the property as a 'cosmetic fixer' and 'probate sale.' Interior images reveal significant wear, including scuffed flooring, missing interior doors, and dated bathroom fixtures/tiling that require a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views
The property features a backyard terrace with stunning panoramic views, a premium asset that significantly enhances the home's long-term value and aesthetic appeal.
- Equity Growth Potential
As a cosmetic fixer and probate sale, this 4-bedroom detached home offers a prime opportunity for investors or DIY buyers to build immediate equity through renovations.
- Desirable Lot & Location
Situated on a quiet cul-de-sac in West Chula Vista, the nearly 7,000 sq ft lot provides privacy, terraced gardens, and a spacious 2-car garage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Required Renovations
The home is listed in 'as-is' condition needing cosmetic TLC, which requires the buyer to have additional liquid capital for immediate repairs and modernization.
- Probate Sale Complexity
Being a probate sale, the transaction may involve specific legal procedures or court approval timelines that can be more complex than a standard residential sale.
About 361 Morehouse
Bring your vision to this 4-bedroom, 2-bath detached home on a nearly 7,000 sq ft lot with panoramic views from the backyard terrace. Set on a quiet cul-de-sac in West Chula Vista, it welcomes you with a wide driveway, an attached Large 2-car garage, and terraced front gardens. Inside, the open living area flows into a kitchen and dining area with a slider to the deck that leads to the backyard with panoramic views. The home needs cosmetic TLC: add your style and build equity. Cosmetic Fixer- Probate sale Probate Sale
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 6,998 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,272 | 2,068.194 |
| Lot Size | 6,998 | 7,007.161 |
| Price | $565.0K | $959.6K |
| Price per sq ft | $444 | $489 |
| Built year | 1985 | 2000 |
| HOA | $0 | $137 |
| Days on market | 4 | 45 |
Pricing History
Listed for Sale
Oct 21, 2026
$565,000
Initial Listing
Sold
Jun 28, 2012
$177,000
Public Record
Sold
Oct 21, 2003
$269,500
Public Record