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550 L, Chula Vista, California 91911, Chula Vista, 91911 - 3 bed, 2 bath

550 L, Chula Vista, California 91911 home-pic-0
ACTIVE$899,000
550 L, Chula Vista, California 91911
3Beds
2Baths
1,834Sqft
7,192Lot

Price Vs. Estimate

The estimated value ($829,732.1) is $69,267.9 (7%) lower than the list price ($899,000). This property may be overpriced.

Key pros and cons

Top Pros:
Large Corner Lot with ADU Potential: The property boasts a spacious corner lot offering significant potential for an Accessory Dwelling Unit (ADU), a pool, RV parking, or other expansion, providing flexibility for multigenerational living or rental income.
Top Cons:
Age of Property & Potential for Dated Systems: Built in 1954 and being on the market for the first time since the 50s, while well-maintained, other systems (e.g., plumbing, electrical, windows) beyond the kitchen may be original or require future updates.

Compared to the nearby listings

Price:$899.0K vs avg $810.0K (+$89,000)75%
Size:1,834 sqft vs avg 1,488 sqft75%
Price/sqft:$490 vs avg $54629%

More Insights

Built in 1954 (71 years old).
Condition: Built in 1954, this property has been very well maintained and features some valuable upgrades like a fully paid-off solar system and a tankless water heater. The kitchen has updated stainless steel appliances and granite countertops, but the wood cabinetry style and overall aesthetic appear to be from an older renovation (15-30 years ago) rather than a recent modern overhaul. The bathrooms are notably dated with older vanities, countertops, and tile work, requiring significant cosmetic updates. Other areas show signs of age, such as the checkered wood ceiling in the living area and the stone fireplace. While functional and move-in ready, the property requires substantial cosmetic updates, particularly in the bathrooms, to align with current styles and standards, placing it in the 'Fair' category.
Year Built
1954
Close
-
List price
$899K
Original List price
$939K
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
SW25235442
Home ConditionFair
Features
Patio
View-

About this home

Welcome to this very well maintained 3-bedroom, 2-bathroom home, offered for the first time on the market since the 50's! Situated on a spacious corner lot, you have potential for an ADU, pool, or RV parking! Step inside to find a warm, inviting layout with comfortable living spaces and abundant natural light. The kitchen is in excellent condition, and has been upgraded to entertain all of your families needs. Enjoy energy efficiency and long-term savings with a FULLY PAID-OFF SOLAR SYSTEM and a tankless water heater. The large lot offers exciting potential for multigenerational living, added rental income, or creating your dream backyard oasis. Outside, you'll find mature orange and lemon trees, providing fresh fruit and a touch of California charm year-round. The private yard and ample side space offer flexibility for gardening, entertaining, or expanding. Don’t miss this rare opportunity to own a true pride-of-ownership home in one of Chula Vista’s most established communities. Whether you're a first-time buyer, investor, or growing family, this home checks all the boxes!

Condition Rating
Fair
Built in 1954, this property has been very well maintained and features some valuable upgrades like a fully paid-off solar system and a tankless water heater. The kitchen has updated stainless steel appliances and granite countertops, but the wood cabinetry style and overall aesthetic appear to be from an older renovation (15-30 years ago) rather than a recent modern overhaul. The bathrooms are notably dated with older vanities, countertops, and tile work, requiring significant cosmetic updates. Other areas show signs of age, such as the checkered wood ceiling in the living area and the stone fireplace. While functional and move-in ready, the property requires substantial cosmetic updates, particularly in the bathrooms, to align with current styles and standards, placing it in the 'Fair' category.
Pros & Cons

Pros

Large Corner Lot with ADU Potential: The property boasts a spacious corner lot offering significant potential for an Accessory Dwelling Unit (ADU), a pool, RV parking, or other expansion, providing flexibility for multigenerational living or rental income.
Energy Efficient Upgrades: Equipped with a fully paid-off solar system and a tankless water heater, the home offers substantial long-term savings on utility costs and enhanced energy efficiency.
Well-Maintained & Pride of Ownership: This home has been meticulously maintained and is offered for the first time since the 1950s, reflecting a true pride of ownership and suggesting solid underlying condition.
Upgraded Kitchen: The kitchen is in excellent condition and has been upgraded to meet modern family needs, serving as a key functional and aesthetic selling point.
Mature Landscaping & Private Yard: The property features mature orange and lemon trees, adding charm and fresh produce, along with a private yard and ample side space for gardening, entertaining, or future expansion.

Cons

Age of Property & Potential for Dated Systems: Built in 1954 and being on the market for the first time since the 50s, while well-maintained, other systems (e.g., plumbing, electrical, windows) beyond the kitchen may be original or require future updates.
Lack of Central Air Conditioning: The property description does not mention a central air conditioning system, which could be a significant drawback for comfort during warmer months in Chula Vista.
Recent Price Reductions: Multiple price reductions from the original list price (from $939,000 to $899,000) suggest the initial pricing may have been ambitious or the market response has been slower than anticipated.

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