
San Diego, California 92114
This Strong Value Opportunity is a Single Family Residence listed at $749,900—positioned well below the $804,475 Fair Market Value by 6%. This valuation gap provides $54,575 in Instant Equity. Featuring a Condition Rating of 2 with a modern remodel, the property includes panoramic canyon views and R-2 zoning with a basement ready for ADU conversion. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside asset in Emerald Hills.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 866 Merlin Dr Subject | $749,900* List Price | 3 | 2 | 1,696 | $474 | - |
A 190 61st Street Sold | $900,000 | 5 | 2 | 1,843 | $488 | 0.7 mi |
B 5454 Roswell Street Sold | $730,000 | 3 | 2 | 1,491 | $490 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive modern remodel within the last 5 years, featuring a brand-new kitchen with quartz countertops and stainless appliances, spa-inspired bathrooms, new flooring, and updated systems including a newer roof, updated plumbing, and modern mini-split HVAC units.
The R-2 zoning combined with a ~500 sq ft basement featuring separate access provides a significant opportunity for a future ADU, guest suite, or rental income.
The home boasts a high-end open-concept remodel with quartz countertops and spa-inspired bathrooms, all while offering panoramic canyon views from a two-tiered lot.
Recent updates to the plumbing and a newer roof mitigate the typical maintenance risks associated with a 1950s-built home, providing added value and peace of mind.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1696, other record living area = 1190.
The property was recently sold within the past year on 2025-12-23. The sold price is $506,000.00.
The 500 sq ft basement is only partially finished, requiring the buyer to invest additional capital and navigate permitting to convert it into a fully functional living area.
Stunningly remodeled Emerald Hills home with panoramic canyon views and an exceptional opportunity for additional living space or future income. Offering approximately 1,200 sq ft upstairs plus a ~500 sq ft partially finished basement with separate access, this unique property sits on an R-2 lot and offers flexibility rarely found at this price point. The light-filled main level features an open-concept floor plan with modern earth-tone finishes and a beautifully appointed kitchen showcasing quartz countertops, stylish tile backsplash, stainless steel appliances, and a spacious breakfast bar peninsula. The inviting primary suite offers a spa-inspired bathroom with a chic dual-sink vanity and oversized tiled shower. Downstairs, the approximately 500 sq ft basement provides tremendous flexibility for a future ADU, guest suite, home office, gym, or additional living space (buyer to verify). The two-tiered lot offers privacy, outdoor potential, and beautiful canyon views that can be enjoyed from multiple areas of the property. Recent improvements include updated plumbing and a newer roof. Conveniently located near parks, shopping, dining, schools, and major freeways, this is a rare opportunity to own a remodeled home with exceptional flexibility and future upside in desirable Emerald Hills.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,696 | 1,777.941 |
| Lot Size | 5,900 | 6,474.445 |
| Price | $749.9K | $1.27M |
| Price per sq ft | $442 | $741 |
| Built year | 1952 | 1971 |
| HOA | $0 | $184 |
| Days on market | 33 | 40 |
Aug 7, 2026
$749,900
Initial Listing
Dec 23, 2025
$506,000
Public Record