
San Diego, California 92120
This Spacious Dual-Primary Residence is a Strong Value Opportunity, listed at $1,295,000—positioned well below the $1,317,502 Fair Market Value by 1.7%. This valuation gap offers $22,502 in Instant Equity. Featuring an Excellent Condition Rating, the home includes a Granite Kitchen, expansive canyon views, and a versatile bonus room. Located in a top-tier district with Marvin Elementary (9/10), this property balances lifestyle appeal with financial stability. It is an ideal acquisition for Owner-Occupants seeking long-term value or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5545 Red River Drive Subject | $1,195,000* List Price | 4 | 3 | 2,347 | $509 | - |
A 7201 Conestoga Place Sold | $1,130,000 | 4 | 3 | 2,344 | $482 | 0.2 mi |
B 7391 Margerum Avenue Sold | $1,125,000 | 5 | 3 | 2,304 | $488 | 0.5 mi |
C 7310 Margerum Avenue Sold | $1,467,500 | 4 | 3 | 2,359 | $622 | 0.7 mi |
D 7228 Wembley Sold | $1,140,000 | 4 | 2 | 1,728 | $660 | 0.5 mi |
E 7220 Stratus Court Active | $1,219,000 List Price | 5 | 3 | 2,371 | $514 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is exceptionally well-maintained and move-in ready. Although the home was built in 1967, it features significant upgrades including dual-pane vinyl windows, recessed lighting, and a functional kitchen with granite countertops and custom cabinetry. While the bathroom finishes and kitchen appliances are slightly dated (likely 15-20 years old), the overall condition is clean and functional with no immediate maintenance or repairs required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10100, living area = 2347.
Elementary School: Marvin Elementary School (9/10).
The property’s position on the downhill end of Red River Drive provides unobstructed canyon views and direct access to the Rancho Mission Canyon Trail system, offering a rare blend of suburban living and natural tranquility.
The property has been on the market for 53 days and has already undergone a $100,000 price reduction, which may signal to buyers that the home was initially overvalued or faces competition from more updated listings.
The inclusion of a neighbor's remodeled kitchen photos in the listing materials suggests that the current kitchen may not meet modern luxury standards and could require further capital investment from the buyer.
Welcome to this beautifully upgraded 2-story home offering 4 Br's, 3 bathrooms, & a versatile bonus room, perfectly designed for comfortable living and entertaining. Enter through a gated courtyard into a bright & inviting living room, where a gas-burning fireplace is highlighted by striking artwork set on a natural stone slab. The open-concept layout connects the living spaces, including a dining area that flows into the kitchen, all enhanced by abundant natural light from large windows, a skylight, and mostly dual-pane vinyl windows and sliders. The kitchen is both functional and stylish, featuring custom cabinetry, granite countertops, a breakfast bar, a garden window overlooking the courtyard, and an above-range microwave and access to the large 2-car garage. This home offers two spacious primary suites, 1 upstairs and 1 downstairs, providing flexibility. The upstairs suite features built-in cabinets, serene canyon views, & a private bath w/a glass-enclosed tub/shower, linen closet, and walk-in closet. Just off this suite is a bonus rm w/a large closet - ideal for a home office, gym, media room, or whatever suits your lifestyle. The downstairs primary suite features mirrored closet doors, a private bathroom with a shower and vanity area with built-in cabinetry. One of the standout features of the home is the expansive 22x18 family room, accessed through an oversized archway that flows from the kitchen/dining area. This space includes built-in cabinetry, under-stair storage, and large windows. Plus a sliding door which provide beautiful canyon views from inside the home as well leading to the backyard—creating a perfect indoor-outdoor flow. Step outside to a tranquil backyard retreat overlooking a picturesque canyon—an ideal setting for relaxing, gardening or entertaining friends and family. The outdoor space features a lighted covered, paved patio, paved side yard with raised landscaping beds, a low-maintenance grassy area, a lower terraced garden area and bank that backs directly to the canyon. Being located on the level downhill end of Red River Drive provides the home unobstructed canyon views which make you forget that you are in a suburban neighborhood. In the canyon behind the property, you can access the city-managed Rancho Mission Canyon Trail system and in less than half a mile arrive at Rancho Mission Canyon Park (called Margerum Park by the neighborhood. The park features a recently updated playground, softball backstop and a huge grassy field where many local soccer and lacrosse teams hold practices. This home offers both convenience and natural beauty with easy access to neighborhood schools and parks, grocery stores, restaurants, and popular hiking trails such as Mission Trails Regional Park and Cowles Mountain. This home is centrally located with quick access to the 8 & 15 freeways. The San Diego Zoo & Balboa Park, downtown San Diego & Petco Park, and Ocean & Mission Beaches are all within 10-13 miles! This home has been family-owned and loved for over 50 years and is ready for your story!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,347 | 1,777 |
| Lot Size | - | 6,600 |
| Price | $1.20M | $1.24M |
| Price per sq ft | $509 | $743 |
| Built year | 1967 | 1972 |
| HOA | $0 | $200 |
| Days on market | 105 | 39 |
Jun 13, 2026
$1,195,000
$1,295,000
-8% Price Drop
Initial Listing
Apr 30, 2026
$1,295,000
$1,395,000
-7% Price Drop
Initial Listing
Apr 8, 2026
$1,395,000
Initial Listing