8438 New Salem 88, San Diego, California 92126, San Diego, 92126 - 2 bed, 2 bath
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San Diego, California 92126
This Turnkey Modern Condominium is a Prime Investment Opportunity listed at $575,000—positioned well below the $586,828 Fair Market Value by 2%. This valuation gap provides $11,828 in Instant Equity. Boasting a Condition Rating of 2, the home features a renovated kitchen, modern bathrooms, and a private balcony with pool views. Located in a walkable neighborhood zoned for 9/10 rated schools including Ericson Elementary and Mira Mesa High, it offers a premium lifestyle. This is an exceptional find for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8438 New Salem 88 Subject | $550,000* List Price | 2 | 2 | 912 | $630 | - |
A 8456 New Salem 30 Sold | $539,000 | 2 | 2 | 866 | $622 | 0.1 mi |
B 8365 Westmore Rd 20 Sold | $525,000 | 2 | 2 | 912 | $576 | 0.1 mi |
C 8446 Summerdale Rd D Sold | $597,000 | 2 | 2 | 884 | $675 | 0.2 mi |
D 8503 Summerdale Rd 376 Sold | $558,000 | 2 | 2 | 897 | $622 | 0.2 mi |
E 8692 New Salem Street 193 Sold | $595,000 | 2 | 2 | 831 | $716 | 0.3 mi |
F 8456 New Salem St 27 Active | $567,000 List Price | 2 | 2 | 866 | $655 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1984, the interior has undergone a high-quality recent renovation within the last 5 years. The bathrooms feature modern frameless glass showers, contemporary tile work, and updated vanities. Combined with an updated kitchen and fresh interior paint, the home is in mint, move-in ready condition.
Elementary School: Ericson Elementary School (9/10). High School: Mira Mesa High School (9/10).
Situated in a highly walkable Mira Mesa neighborhood, the property is zoned for top-tier schools including Ericson Elementary and Mira Mesa High, both boasting impressive 9/10 ratings.
As an upper corner unit, this home offers enhanced privacy and increased natural light, complemented by a private balcony with pleasant views overlooking the community pool.
The monthly association fee of $485 is a significant recurring expense that may impact overall affordability and the buyer's debt-to-income ratio.
With 912 square feet split between two bedrooms and two baths, the interior footprint is relatively compact, which may limit furniture layout options and storage capacity.
Seller says sell! Now with added value and a fresh price drop—bring your offers! It’s all about location in Mira Mesa, and this prime, walkable spot boasts one of the most desirable condos in the New Salem community. This bright and airy upper corner unit features 2 bedrooms, 2 bathrooms, and a private balcony with a pool view. The single-level layout is spacious, comfortable, and versatile to suit your lifestyle. Enjoy charming details like an updated kitchen and secondary bath, fresh paint, mirrored closet doors in the primary, and a stylish mirrored wall in the living room. Plus, a stackable laundry closet on a roomy private patio and assigned covered parking. A must-see!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 912 | 884 | 56% |
| Lot Size | - | 0.79 | 49% |
| Price | $550.0K | $552.0K | 49% |
| Price per sq ft | $603 | $622 | 39% |
| Built year | 1984 | 1989 | 31% |
| HOA | $485.0 | $425 | 63% |
| Days on market | 36 | 147 | 5% |
May 19, 2026
$550,000
$560,000
-2% Price Drop
Initial Listing
May 14, 2026
$560,000
$575,000
-3% Price Drop
Initial Listing
May 1, 2026
$575,000
Initial Listing
Jan 27, 2011
$210,000
Public Record
Oct 19, 2001
$175,000
Public Record
Jan 25, 2000
$130,000
Public Record
Nov 19, 1993
$101,500
Public Record