7851 Parma Lane, San Diego, California 92126, San Diego, 92126 - 4 bed, 2 bath
7851 Parma Lane
San Diego, California 92126
Property Price
SUMMARY
Analysis of 7851 Parma Lane, San Diego, California 92126 reveals a Prime Investment Opportunity with a current list price of $1,128,000—significantly undercutting the $1,181,278 Fair Market Value by 4%. This valuation gap indicates a +$53,278 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7851 Parma Lane Subject | $1,128,000* List Price | 4 | 2 | 1,894 | $624 | - |
A 7962 Merrington Pl Sold | $1,427,000 | 4 | 2 | 2,032 | $702 | 0.2 mi |
B 7212 Canyon Hill Way Sold | $1,250,000 | 4 | 3 | 1,871 | $668 | 0.7 mi |
C 10710 Foxwood Road Sold | $1,030,000 | 3 | 2 | 2,248 | $458 | 0.5 mi |
D 11343 Avenida Del Gato Sold | $1,060,000 | 4 | 2 | 1,627 | $652 | 0.7 mi |
E 10985 Sunny Meadow St Sold | $1,180,000 | 4 | 3 | 1,871 | $631 | 0.6 mi |
F 7756 Flanders Drive Sold | $1,045,000 | 3 | 2 | 1,598 | $654 | 0.8 mi |
G 8641 Hydra Lane Pending | $1,100,000 List Price | 4 | 2 | 1,614 | $682 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features an extensive kitchen renovation from 2017 with high-end mahogany cabinetry, granite countertops, and Kenmore Elite appliances. Additional quality upgrades include Andersen windows, French doors, new carpeting, and recent exterior paint. While the home was built in 1972, these significant updates within the last 7 years align with the 'good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Privacy
The property features expansive canyon and hillside views with no rear neighbors, providing a rare sense of tranquility and privacy in a suburban setting.
- High-End Kitchen Remodel
A comprehensive 2017 renovation includes mahogany cabinetry, granite countertops, Kenmore Elite appliances, and skylights, creating a premium heart for the home.
- Financial & Development Upside
With no HOA or Mello-Roos fees and a lot designed for potential ADU construction, the property offers significant long-term value and lower carrying costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7300.
- Limited Bathroom Count
Featuring only two bathrooms for a four-bedroom layout, the home may present logistical challenges for larger families or guests.
- Vintage Infrastructure
Built in 1972, the home may require ongoing maintenance or updates to original systems not covered by the recent cosmetic and kitchen improvements.
About 7851 Parma Lane
Welcome to Mira Mesa Verde! Tucked away on a quiet cul-de-sac, this 4-bedroom, 2-bath home offers 1,894 sq ft of open-concept living on a 0.17-acre lot with expansive canyon and hillside views and no neighbors behind. The home features oversized living spaces, including a generous Family room with a wood-burning fireplace and a formal living/dining area ideal for gatherings. The spacious primary suite measures approximately 16x16 and includes a private bath. The remodeled kitchen (2017) is the heart of the home and designed for everyday living and entertaining. It features Kenmore Elite appliances, mahogany cabinetry with soft-close drawers, granite countertops, custom ceiling-height cabinets with lazy Susan storage, island seating, a graphite vessel sink, skylights, a large walk-in pantry, spice ledge, and a 5-burner gas cooktop with oven. Additional highlights include Andersen windows and French doors, newer exterior paint, new carpeting, workshop space, double side gates, and ample room for a potential ADU. The private backyard captures the surrounding views and offers excellent outdoor enjoyment. Conveniently located within walking distance to elementary and middle schools. No HOA or Mello-Roos
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 7,405.2 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,894 | 1,729 | 64% |
| Lot Size | 7,405.2 | 5,200 | 95% |
| Price | $1.13M | $1.10M | 55% |
| Price per sq ft | $596 | $684 | 23% |
| Built year | 1972 | 1977 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 150 | 2% |
Pricing History
Listed for Sale
Feb 28, 2026
$1,128,000
Initial Listing
Sold
Nov 16, 2015
$550,000
Public Record