387 N Melrose D, Vista, California 92083, Vista, 92083 - 2 bed, 2 bath
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387 N Melrose D
Vista, California 92083
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,152Sq Ft
57,366Lot Size
Property Price
LIST PRICE$546,000
EST. MARKET VALUE
$520,166
4% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $546,000—positioned well below the $520,167 Fair Market Value by -4%. While the list price is slightly above the current estimate, the property features a Mint Condition Rating following a full designer renovation, including new appliances and custom finishes. With its private upper-corner location, detached garage, and access to community pools and tennis courts, this home offers a premium lifestyle. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in-ready sanctuary in Vista.
Estimated Market Value
$520,166
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 |
|---|---|---|---|---|---|---|
★ 387 N Melrose D Subject | $546,000* List Price | 2 | 2 | 1,152 | $452 | - |
A 359 N Melrose Drive H Sold | $512,500 | 2 | 2 | 1,152 | $445 | 0.1 mi |
B 317 N Melrose Dr G Sold | $449,900 | 2 | 2 | 1,172 | $384 | 0.2 mi |
C 363 N Melrose Sold | $528,000 | 3 | 2 | 1,298 | $407 | 0.1 mi |
D 225 Diamond 111 Sold | $515,000 | 2 | 2 | 878 | $587 | 0.4 mi |
E 313 N Melrose Sold | $447,000 | 2 | 2 | 1,172 | $381 | 0.2 mi |
F 379 N Melrose Sold | $535,000 | 3 | 2 | 1,298 | $412 | 0.1 mi |
G 345 N Melrose Dr C Sold | $553,000 | 3 | 2 | 1,298 | $426 | 0.1 mi |
H 333 N Melrose Drive E Active | $469,000 List Price | 2 | 2 | 1,172 | $400 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a full designer renovation within the last year, featuring a modern kitchen with new appliances, updated bathrooms with custom vanities, and new flooring throughout. Despite the 1984 build date, the interior is in mint, move-in-ready condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Designer Renovations
The unit features high-end custom finishes, vaulted ceilings with decorative beams, and brand-new appliances, offering a modern, move-in-ready aesthetic that is rare at this price point.
- Premium Unit Positioning
As a bright upper corner unit with no neighbors above, the property provides enhanced privacy, natural light, and a quieter living environment compared to standard condo layouts.
- Superior Parking and Storage
The inclusion of both a detached garage and an additional assigned parking space, along with a private balcony storage closet, offers significant utility and value in the San Diego market.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $620 is substantial and may impact the overall affordability and debt-to-income ratio for prospective buyers.
- Aging Infrastructure
Built in 1984, the complex may face upcoming maintenance requirements or special assessments for aging common area components despite the individual unit's modern interior updates.
About 387 N Melrose D
This is the property for you! You will love calling this home as it has just been fully updated with custom designer finishes including features like the beams on the vaulted ceiling. You won't want to miss the walk in closet the offers tons of storage, also make sure to check out all of the new appliances. This bright upper corner unit has no unit above and features a balcony with a storage closet. This property is centrally located in North County just North of the 78 FWY, a few miles from shopping like Costco, Lowes as well as plenty of dining options. You are only a 10 minute drive to the nearest beach, 15 minute drive to Legoland, Carlsbad Outlet Mall, etc. With this 2 bedroom 2 full bathroom over 1,100 sq ft property that includes in unit full size laundry, a detached garage and an additional assigned parking space there's not much else you could ask for under $550k in San Diego! Come enjoy the weather while you lay by one of the community pools or play tennis on the community courts, its time to make this home. You won't want to miss this one.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 57,366 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 • 2.1 mi
5/10
Rancho Buena Vista High School
Grades 9-12 • 2.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 1.8 |
| Square foot | 1,152 | 969.471 |
| Lot Size | 57,366 | 103,338.582 |
| Price | $546.0K | $497.8K |
| Price per sq ft | $474 | $507 |
| Built year | 1984 | 1987 |
| HOA | $620.0 | $477 |
| Days on market | 14 | 55 |
Pricing History
Listed for Sale
Aug 26, 2026
$546,000
Initial Listing