
San Diego, California 92103
This 1939 Spanish-style Value-Add Asset is listed at $1,700,000, currently positioned above the $1,451,279 Fair Market Value. While the home carries a Fair Condition Rating and requires a comprehensive "refresh" of its original kitchen and bathrooms, the prime corner lot in North Mission Hills offers immense intrinsic worth. The property features a 499 sq ft great room and is steps from Top-Rated Grant K-8 (Rating 8) and Dewey Elementary (Rating 8). This is a premier opportunity for Value-Add Investors or Owner-Occupants looking to force appreciation in a coveted neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4144 Palmetto Way Subject | $1,700,000* List Price | 3 | 2 | 1,309 | $1,109 | - |
A 3915 Falcon St Sold | $1,642,500 | 3 | 3 | 1,713 | $959 | 0.5 mi |
B 2219 La Callecita Sold | $1,800,000 | 3 | 2 | 1,643 | $1,096 | 0.6 mi |
C 4194 Stephens Sold | $1,235,000 | 2 | 1 | 1,151 | $1,073 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1939 Spanish-style home is well-maintained and retains charming original features like barrel ceilings and hardwood floors, but it is significantly outdated. The kitchen features aged cabinetry and older appliances, and the listing explicitly states that both the kitchen and bathrooms require a 'refresh' or renovation. While the addition of split AC units shows some system maintenance, the presence of unpermitted square footage and the overall need for modernization of the 'bones' align with the fair condition category.
Situated on a prime corner lot in one of San Diego’s most coveted neighborhoods, this home offers exceptional walkability to the West Lewis Business District and Francis Parker Lower School.
Built in 1939, this Spanish-style gem features preserved historic details including elegant barrel ceilings, arched entries, and original hardwood floors that provide a timeless foundation.
The property boasts a light-filled great room that opens onto a private walled courtyard with a stone patio, pergola, and outdoor fireplace, creating a seamless space for hosting guests.
The 499 sq ft 'great room' addition is unpermitted, which may complicate financing, appraisals, and future permitting processes for the new owner.
The home requires a comprehensive 'refresh' of its original kitchen, bathrooms, and structural 'bones,' necessitating a buyer with the budget and vision for a major renovation project.
She’s a small gem in the heart of North Mission Hills. A charming 1939 Spanish, single level home, with lovely coved ceilings, an arched entry to the dining room, and original hardwood floors. She could stand a little zhuzhing; there is potential to create your dream kitchen and bathrooms, but her heart is true. 1309 sq ft per the tax roll with a transformational additional 499 sq ft light-filled “great room” (unpermitted) created between the house and the garage that opens onto your private courtyard. Her premier location and her ultra lush drought-tolerant xeriscape front and side yards understatedly announce her desirability in one of San Diego’s most coveted neighborhoods. She has 3 bedrooms and two bathrooms and I’m not going to lie; there is some work you are going to want to do to refresh her original “bones” and make her your own. But her position on a prime corner lot in North Mission Hills a block from both the West Lewis Business District in one direction and Francis Parker Lower School in the other speak to her intrinsic worth. Three split units provide air conditioning. Sharing a cozy evening with friends in her embracing living room will contrast with the joyful exuberance of entertaining in the generosity of space known as the “great room”. Guests can flow from there onto the stone patio under the pergola in front of your outdoor fireplace and spread out into your walled courtyard. Or enjoy a quiet morning coffee or dinner a deux al fresco in a peaceful private sanctuary of your own creation. Owned by a treasured neighbor for almost 30 years, 4144 Palmetto Way is eagerly awaiting her new life.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.7 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,309 | 1,888 | 23% |
| Lot Size | 5,000 | 5,213 | 48% |
| Price | $1.70M | $1.74M | 49% |
| Price per sq ft | $1.3K | $959 | 97% |
| Built year | 1939 | 1930 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 153 | 6% |
Apr 9, 2026
$1,700,000
Initial Listing