5523 Adobe Falls #3 Road, San Diego, California 92120, San Diego, 92120 - 2 bed, 2 bath
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San Diego, California 92120
This Fully Renovated Del Cerro Condominium is a Strong Value Opportunity, listed at $509,000—positioned well below the $517,162 Fair Market Value by 1%. This valuation gap offers $8,162 in Instant Equity for a residence in Mint Condition featuring quartz countertops, LVP flooring, and new dual-pane windows. Residents enjoy city light views, a community pool, and proximity to top-rated Patrick Henry High School. This turnkey home is perfectly suited for Owner-Occupants or first-time buyers looking for immediate value in a prime San Diego location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5523 Adobe Falls #3 Road Subject | $497,000* List Price | 2 | 2 | 1,144 | $434 | - |
A 5493 Adobe Falls Rd 10 Sold | $533,000 | 2 | 2 | 1,144 | $466 | 0.1 mi |
B 5422 Adobe Falls 10 Pending | $499,000 List Price | 2 | 2 | 1,144 | $436 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a full recent renovation (less than 5 years ago) featuring a modern kitchen with quartz countertops and stainless steel appliances, completely updated bathrooms, new LVP flooring, and new dual-pane windows, putting it in mint, move-in-ready condition.
Listed at $509,000 with a recent appraisal of $540,000, this property offers immediate value alongside seller-funded rate buy-down credits and VA approval.
The condo is fully updated with high-end finishes including quartz countertops, stainless steel appliances, new LVP flooring, and energy-efficient dual-pane windows.
Located in the desirable Del Cerro neighborhood, the property offers excellent proximity to SDSU and is zoned for highly-rated schools like Patrick Henry High.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =164221, other record lot size in square feet = 164112.
The property was recently sold within the past year on 2026-02-18. The sold price is $375,000.00.
The $510 monthly association fee represents a significant recurring cost that may impact the debt-to-income ratio and overall affordability for some buyers.
Opportunity is knocking are you going to answer? This is the fully renovated VA APPROVED condo is for you! Seller is willing to entertain a credit for a rate buy down! Appraised at $540,000. Instant Value! VA approved with a potential 5.5 30 yr fixed for qualified buyers with seller's preferred lender. Situated in the centrally located highly desired Del Cerro area of San Diego, 5523 Adobe Falls #3, offers comfort, convenience, and easy access to everything that makes San Diego living so special. Step inside to discover a bright and inviting layout featuring spacious living areas and an open flow perfect for both relaxing and entertaining. All New Dual Pane windows, LVP Flooring! The living room seamlessly connects to a serene quiet private patio, creating the ideal indoor-outdoor lifestyle Southern California is known for. The kitchen offers ample cabinetry and counter space with quartz counters and S/S appliances. Generously sized bedrooms provide comfort and flexibility for guests, a home office or a personal retreat. Enjoy the convenience of community amenities and a prime location just mins from shopping, hiking trails, SDSU and major freeways - making commuting and exploring the city simple and convenient. Whether you are a first time buyer, investor, or looking for a low-maintenance home in a fantastic location, this charming condo is a must-see, COME FALL IN LOVE today!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,144 | 999 |
| Lot Size | 164,221.203 | 84,697.5 |
| Price | $497.0K | $604.2K |
| Price per sq ft | $434 | $618 |
| Built year | 1973 | 1985 |
| HOA | $510.0 | $500 |
| Days on market | 82 | 53 |
Jul 20, 2026
$497,000
$509,000
-2% Price Drop
Initial Listing
May 1, 2026
$509,000
Initial Listing
Feb 18, 2026
$375,000
Public Record
Mar 29, 2004
$150,000
Public Record