8476 New Salem 78, San Diego, California 92126, San Diego, 92126 - 1 bed, 1 bath
Loading property details...
San Diego, California 92126
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $439,900—positioned well below the $441,387 Fair Market Value by 0.34%. This valuation gap offers $1,487 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a private balcony and updated bathroom fixtures. Located in a district with 9/10 rated schools like Ericson Elementary and Mira Mesa High, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a central, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8476 New Salem 78 Subject | $439,900* List Price | 1 | 1 | 572 | $772 | - |
A 8480 New Salem St 103 Sold | $475,000 | 1 | 1 | 572 | $830 | 0.0 mi |
B 8574 Summerdale Rd 148 Sold | $460,000 | 1 | 1 | 598 | $769 | 0.3 mi |
C 10935 Summerdale Way 281 Active | $469,000 List Price | 1 | 1 | 561 | $836 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1985, the property is move-in ready with a significantly updated bathroom featuring modern tiling, a glass-enclosed rain shower, and new fixtures. The interior appears well-maintained and renovated within the last 5-15 years, though the exterior wall AC units reflect the original age of the systems.
Elementary School: Ericson Elementary School (9/10). High School: Mira Mesa High School (9/10).
Situated in the heart of Mira Mesa, this property offers exceptional proximity to major employment hubs like Sorrento Valley and Qualcomm, as well as UTC, shopping, and beaches.
The condo is served by highly-rated schools, including Ericson Elementary and Mira Mesa High School, both carrying a 9/10 rating, which significantly bolsters property value and demand.
At only 572 square feet, the compact footprint may feel restrictive for some residents and limits the potential buyer pool to individuals or couples with minimal storage needs.
The association fee of $485 per month is relatively high for a one-bedroom unit of this size, which impacts overall monthly affordability and investor cap rates.
Welcome to this charming and move-in ready 1-bedroom,1-bath with private balcony condo located in the heart of highly desirable Mira Mesa. This bright upper level home offers an efficient open floor plan with approximately 572 square feet of comfortable living space, perfect for first-time buyers, downsizes, or investors. The living area flows seamlessly into the dining space and kitchen, creating a functional and inviting layout.Spacious bedroom with ample closet space. Private bathroom with updated fixtures. The washer and dryer in the unit. Assisted parking and well maintained community amenities. Enjoy an unbelievable central San Diego location just minutes from shopping, dining, parks, major freeway, Sorrento Valley, Qualcomm, UTC, and beautiful beaches, Low-maintenance living with excellent rental potential. A fantastic opportunity to own in one of San Diego’s most sought-after neighborhood at an affordable price. Don’t miss this one!!!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 572 | 866 | 16% |
| Lot Size | - | 1.395 | 48% |
| Price | $439.9K | $548.5K | 29% |
| Price per sq ft | $769 | $627 | 90% |
| Built year | 1985 | 1989 | 38% |
| HOA | $485.0 | $425 | 64% |
| Days on market | 15 | 151 | 5% |
May 30, 2026
$439,900
Initial Listing
Jan 9, 2018
$285,000
Public Record
Aug 30, 2013
$170,000
Public Record
Feb 16, 2011
$125,000
Public Record
Jun 10, 2002
$150,000
Public Record