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7232 Margerum Ave, San Diego, California 92120, San Diego, 92120 - 3 bed, 4 bath

7232 Margerum Ave, San Diego, California 92120 home-pic-0
ACTIVE$1,650,000$2,482/sqft
Est. Value: $1,750,776
6%
BelowEstimate
7232 Margerum Ave, San Diego, California 92120
3Beds
4Baths
2,482Sqft
15,681.6Lot

Price Vs. Estimate

The estimated value ($1,750,775.86) is $100,775.86 (6%) higher than the list price ($1,650,000). 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 = 15681, living area = 2482.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15681, other record lot size in square feet = 15845.

Compared to the nearby listings

Price:$1.65M vs avg $1.15M (+$500,000)83%
Size:2,482 sqft vs avg 1,752 sqft84%
Price/sqft:$665 vs avg $67947%

More Insights

Built in 1978 (48 years old).
Condition: Despite being built in 1978, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The kitchen features modern glossy white cabinetry, quartz countertops with a waterfall island, new stainless steel appliances, and contemporary lighting. All bathrooms are fully updated with modern vanities, custom tile work, and stylish fixtures, including black-framed shower enclosures and a spa-inspired shower. New vinyl plank flooring runs throughout the home, and a custom glass-enclosed staircase adds a modern architectural statement. The exterior also boasts recent updates like a Trex deck, built-in grill, and solar panels. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1978
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
2600404SD
Home ConditionExcellent
Features
Excellent View: Park/Greenbelt, Mountain(s), Panoramic
Deck
Pool
Patio
ViewPark/Greenbelt, Mountain(s), Panoramic

About this home

Welcome to this exceptional Del Cerro residence, a stunning two-story pool home offering panoramic west-facing canyon views and unforgettable sunsets. Designed for both luxury and flexibility, this 3-bedroom, 3.5-bath home includes a versatile flex 4th optional bedroom perfect for a home office, guest room, or nursery. The thoughtfully designed layout features three primary suites with full bathrooms, including one conveniently located on the ground floor—ideal for multigenerational living or guests. See supp... Upon entry, soaring vaulted ceilings in the living room create a dramatic first impression, complemented by abundant natural light, skylights, and designer lighting throughout. A custom glass-enclosed staircase adds a modern architectural statement. Entertain effortlessly with a formal living room, family room, formal dining room, and an additional casual dining area. The chef’s kitchen boasts quartz countertops, a large island, and extensive cabinet space, flowing seamlessly into the main living areas. Vinyl plank flooring runs throughout the home, adding warmth and durability. Upstairs, two primary suites open to a massive private balcony overlooking the pool and canyon views. The main upstairs primary retreat features a walk-in closet, double sinks, a floating vanity, barn door, and a spa-inspired shower with a waterfall showerhead. All bathrooms showcase custom tile work for a refined finish. The outdoor space is equally impressive, featuring a Trex deck, built-in grill, vinyl fencing, mature fruit trees, and palm trees in both the front and back yards—perfect for relaxing or entertaining. Additional highlights include a tile roof, solar, RV parking, turf landscaping in the front yard, a dedicated laundry room, double front doors, and a two-car garage. This light-filled Del Cerro home combines modern design, flexible living, and resort-style outdoor amenities in one of San Diego’s most desirable neighborhoods.

A
Adam Sussely-House
Listing Agent

Price History

Date
Event
Price
05/17/23
Sold
$1,350,000
Condition Rating
Excellent
Despite being built in 1978, this property has undergone an extensive and high-quality renovation, bringing it to a virtually new condition. The kitchen features modern glossy white cabinetry, quartz countertops with a waterfall island, new stainless steel appliances, and contemporary lighting. All bathrooms are fully updated with modern vanities, custom tile work, and stylish fixtures, including black-framed shower enclosures and a spa-inspired shower. New vinyl plank flooring runs throughout the home, and a custom glass-enclosed staircase adds a modern architectural statement. The exterior also boasts recent updates like a Trex deck, built-in grill, and solar panels. All visible components are new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 15681, living area = 2482.
Exceptional Views & Outdoor Living: The property offers panoramic west-facing canyon views and unforgettable sunsets, complemented by a pool, massive private balcony, Trex deck, built-in grill, and mature landscaping, creating a resort-style outdoor experience.
Flexible & Multigenerational Layout: Featuring a versatile flex 4th optional bedroom and three primary suites, including one conveniently located on the ground floor, the home is ideal for diverse living arrangements and multigenerational families.
Modern & Updated Interiors: The home boasts soaring vaulted ceilings, a custom glass-enclosed staircase, a chef’s kitchen with quartz countertops and a large island, vinyl plank flooring throughout, and spa-inspired bathrooms with custom tile work.
Energy Efficiency & Practical Amenities: Equipped with solar panels, RV parking, a dedicated laundry room, and a two-car garage, the property combines modern efficiency with practical features for convenience.
Desirable Neighborhood: Located in Del Cerro, the property is situated in one of San Diego’s most sought-after neighborhoods, enhancing its long-term value and appeal.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15681, other record lot size in square feet = 15845.
No Mention 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 San Diego.
Ongoing Maintenance for Amenities: While desirable, the pool, extensive mature landscaping (fruit and palm trees), and large Trex deck require consistent and potentially costly ongoing maintenance.
Potential for Higher Utility Costs: The soaring vaulted ceilings and abundant skylights, while aesthetically pleasing, could potentially lead to higher heating or cooling costs, despite the presence of solar panels, due to the home's 1978 construction.
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