7021 Madrone Ave, San Diego, California 92114, San Diego, 92114 - 3 bed, 2 bath
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7021 Madrone Ave
San Diego, California 92114
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,378Sq Ft
0Lot Size
Property Price
LIST PRICE$769,995
EST. MARKET VALUE
$794,745
3% BelowMARKET VALUE
SUMMARY
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $807,503 Fair Market Value by 1%. This valuation gap offers $8,503 in Instant Equity. Featuring a Condition Rating of 2 with recent mechanical upgrades, the home offers a functional layout with a first-floor bedroom and significant ADU potential on its large lot. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, move-in ready asset with long-term growth potential.
Estimated Market Value
$794,745+$24,750 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7021 Madrone Ave Subject 3 bd · 2 ba · 1,378 sqft · $577 | $769,995* List Price | 3 | 2 | 1,378 | $577 | - |
A 206 Los Reyes Dr Sold 3 bd · 2 ba · 1,113 sqft · $687 · 0.2 mi | $765,000 | 3 | 2 | 1,113 | $687 | 0.2 mi |
B 286 Sychar Road Sold 3 bd · 2 ba · 1,428 sqft · $536 · 0.2 mi | $765,000 | 3 | 2 | 1,428 | $536 | 0.2 mi |
C 264 68th St Sold 3 bd · 2 ba · 1,076 sqft · $697 · 0.3 mi | $750,000 | 3 | 2 | 1,076 | $697 | 0.3 mi |
D 285 Ritchey Sold 3 bd · 2 ba · 1,457 sqft · $583 · 0.4 mi | $850,000 | 3 | 2 | 1,457 | $583 | 0.4 mi |
E 7112 Skyline Drive Sold 4 bd · 2 ba · 1,649 sqft · $479 · 0.4 mi | $790,000 | 4 | 2 | 1,649 | $479 | 0.4 mi |
F 742 Marjorie Drive Sold 3 bd · 2 ba · 1,180 sqft · $661 · 0.5 mi | $780,000 | 3 | 2 | 1,180 | $661 | 0.5 mi |
G 6798 Benson Ave Sold 4 bd · 2 ba · 1,300 sqft · $615 · 0.3 mi | $800,000 | 4 | 2 | 1,300 | $615 | 0.3 mi |
H 265 Los Reyes Dr. Sold 3 bd · 2 ba · 1,113 sqft · $687 · 0.1 mi | $765,000 | 3 | 2 | 1,113 | $687 | 0.1 mi |
I 7272 Peter Pan Avenue Pending 3 bd · 2 ba · 1,430 sqft · $559 · 0.5 mi | $800,000 List Price | 3 | 2 | 1,430 | $559 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features major system updates within the last 6 years, including HVAC, roof, water heater, and plumbing. The kitchen has been recently renovated with modern two-tone cabinetry, stone countertops, and stainless steel appliances, meeting the criteria for a high-quality renovation with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7800, living area = 1378.
- Recent Mechanical Upgrades
The home features significant capital improvements completed within the last six years, including a newer roof, HVAC system, water heater, and updated piping, significantly reducing immediate maintenance concerns for the buyer.
- Development & Utility Potential
The property offers exceptional versatility with dedicated RV parking and a large backyard that serves as a 'clean slate' for a custom outdoor oasis or the potential addition of an ADU.
CONSRISKS & DEFICIENCIES
- Unfinished Outdoor Space
While the backyard is spacious, it currently lacks finished landscaping, requiring the new owner to invest additional time and capital to transform the 'clean slate' into a functional living area.
- Modest School Ratings
The property is served by local schools with average ratings ranging from 4 to 6, which may be a drawback for families prioritizing high-ranking educational districts.
About 7021 Madrone Ave
NOW $769,995! Live in this beautifully maintained and updated 3BR/2BA home in 92114, now featuring total secure side gates!!! Enjoy a nice bright living area with durable laminate flooring, a cozy fireplace, and a large kitchen complete with newer lower cabinets and stainless steel appliances. Up the stairs, you'll find carpeting over original wood flooring ready for you to uncover. Enjoy ultimate peace of mind with extensive capital improvements all under 7 years old: a newer ROOF, HVAC, water heater, a new internet-adaptable garage door opener, and updated kitchen-to-street plumbing lines. Highlights include a convenient main-level bedroom/office and an oversized 7,800 sq ft lot featuring an attached 2-car garage, low-maintenance desert front landscaping, and a massive backyard with a mature tangelo tree and plenty of room for a future ADU. Incredible price, fantastic chance to enjoy and ready for you!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Encanto Elementary School
Grades K-5 • 0.8 mi
5/10
Boone Elementary School
Grades K-5 • 1.1 mi
4/10
Freese Elementary School
Grades K-5 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,378 | 1,752.269 |
| Lot Size | - | 6,446.159 |
| Price | $770.0K | $1.27M |
| Price per sq ft | $559 | $736 |
| Built year | 1961 | 1971 |
| HOA | $0 | $186 |
| Days on market | 80 | 41 |
Pricing History
Listed for Sale
Oct 2, 2026
$769,995
$799,000
-4% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$799,000
Initial Listing