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701 Selma Pl, San Diego, California 92114, San Diego, 92114 - 2 bed, 2 bath

701 Selma Pl, San Diego, California 92114 home-pic-0
ACTIVE$699,000$1,582/sqft
Est. Value: $792,076
13%
BelowEstimate
701 Selma Pl, San Diego, California 92114
2Beds
2Baths
1,582Sqft
34,600Lot

Price Vs. Estimate

The estimated value ($792,075.525) is $93,075.525 (13%) higher than the list price ($699,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34600, living area = 1582.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1582, other record living area = 1336.

Compared to the nearby listings

Price:$699.0K vs avg $760.0K ($-61,000)19%
Size:1,582 sqft vs avg 1,477.5 sqft63%
Price/sqft:$442 vs avg $51920%

More Insights

Built in 1957 (69 years old).
Condition: Built in 1957, this property has 'solid bones' and benefits from several recent updates including a newer composite roof with paid solar, newer dual-pane vinyl windows, a newer AC unit, and a recently renovated main bathroom. However, the kitchen is very dated with original-style cabinets, tiled countertops, and older appliances (excluding the refrigerator and microwave), requiring a full renovation. Other interior areas feature worn carpets/linoleum and dated finishes. The in-ground pool is non-functional and needs significant refinishing or repurposing. While major systems are functional and some components are updated, the property is largely a 'cosmetic fixer' needing substantial aesthetic and functional rehabilitation in key areas, placing it in the 'Fair' category.
Year Built
1957
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
2601208SD
Home ConditionFair
Features
Excellent View: City Lights, Panoramic
Pool
Patio
ViewCity Lights,Panoramic

About this home

Incredible Opportunity in Emerald Hills! This 2 bed (with bonus room), 1.5 bath single family home sits on one of the largest lots in the neighborhood, offering sweeping panoramic views of Downtown San Diego, Coronado Island, and sparkling city lights. Nestled on a quiet corner lot, this property delivers privacy, space, and endless potential. Featuring a large bonus room, newer composite roof with paid solar, newer dual pane vinyl windows, and original wood floors ready to be restored, this home is a cosmetic fixer with solid bones—perfect for investors, flippers, or visionaries. The expansive lot invites creativity: explore the possibility of converting the detached garage into an ADU, extending the existing home, and/or adding an additional dwelling unit in the more than 2/3 acre lot. An in ground pool awaits refinishing or repurposing to suit your lifestyle. With abundant outdoor space for entertaining, gardening, or future enhancements, the canvas is yours to shape. Newer bathroom renovation. 2 car garage has existing washer/dryer hookups and sewer line hookup Located minutes from freeways, shopping, and schools, this prime location offers convenience and long term value. A rare chance to transform a property with exceptional views and remarkable upside. This is a must see in Emerald Hills.

V
Vern Lovett
Listing Agent

Nearby schools

4/10
Horton Elementary School
Public,•K-5•0.4mi
5/10
Johnson Elementary School
Public,•K-5•0.5mi
5/10
Encanto Elementary School
Public,•K-5•1.2mi
2/10
Millennial Tech Middle School
Public,•6-8•0.7mi
4/10
Bell Middle School
Public,•6-8•2.9mi
4/10
Lincoln High School
Public,•9-12•1.0mi
Condition Rating
Fair
Built in 1957, this property has 'solid bones' and benefits from several recent updates including a newer composite roof with paid solar, newer dual-pane vinyl windows, a newer AC unit, and a recently renovated main bathroom. However, the kitchen is very dated with original-style cabinets, tiled countertops, and older appliances (excluding the refrigerator and microwave), requiring a full renovation. Other interior areas feature worn carpets/linoleum and dated finishes. The in-ground pool is non-functional and needs significant refinishing or repurposing. While major systems are functional and some components are updated, the property is largely a 'cosmetic fixer' needing substantial aesthetic and functional rehabilitation in key areas, placing it in the 'Fair' category.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34600, living area = 1582.
Exceptional Development Potential: The expansive 34,600 sqft lot offers significant opportunities for ADU conversion (detached garage), home expansion, or adding additional dwelling units, maximizing future value.
Sweeping Panoramic Views: Features stunning panoramic views of Downtown San Diego, Coronado Island, and city lights, providing a premium aesthetic and enhancing market appeal.
Large & Private Corner Lot: Positioned on one of the largest, quiet corner lots in the neighborhood, ensuring privacy, ample outdoor space, and versatility for various lifestyle needs.
Recent Key Upgrades: Benefits from a newer composite roof with paid solar, newer dual-pane vinyl windows, and a recently renovated bathroom, providing a solid foundation for further improvements.
Prime Location & Accessibility: Conveniently located minutes from major freeways, shopping centers, and schools, offering excellent accessibility and contributing to long-term appreciation.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1582, other record living area = 1336.
Requires Significant Renovation: Described as a 'cosmetic fixer,' the property necessitates substantial interior and aesthetic renovations to meet modern standards and buyer expectations.
Unfinished Pool Requires Investment: The existing in-ground pool is not functional and 'awaits refinishing or repurposing,' representing an additional, potentially costly, project for the new owner.
Outdated Bedroom/Bathroom Count: The current configuration of 2 bedrooms (plus bonus room) and 1.5 bathrooms may be considered limited or outdated for a property of this size and potential, requiring updates for broader appeal.
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