Amazing Investor Opportunity! This 3 bedroom, 2 bath home in Emerald Hills area is a wonderful rental or upgrade it and make it your new home. Plenty of room on this huge lot to add many more units - See attached plans that have been submitted to the city for 5 ADU's or just live in the home as is. So many opportunities to consider- The potential can be huge. Zoned R-4 Multiple residential. Home sits on the side of the lot. Long driveway goes to the back of the lot. Do miss out on this great opportunity! Close to Trolley, Freeway and Bus routes.
Sold for $695,000
Tax assessed value
$695,000
515 Merlin Dr, San Diego, CA 92114
3beds
1,100sqft
Single Family Residence
Built in 1928
7,405 Square Feet Lot
$737,200 Zestimate®
$632/sqft
$3,430 Estimated rent
Home value
$737,200
$700,000 - $774,000
$3,430/mo
Zestimate® history
Owner options
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$3,430/mo
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$3,430/mo
Rent Zestimate®
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$4,398/mo
Est. payment
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$4,398/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Memo Cardona DRE #01706132 619-254-4090,
Premier Agency Real Estate Inc
Bought with:
Erick Jean, DRE #02111727
Real Broker
Source: SDMLS,MLS#: 240021486
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- N/K
Cooling
- N/K
Appliances
- Included: Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Laundry: Gas
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
Property
Parking
- Total spaces: 10
- Parking features: None Known
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: Partial
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 5490310600
- Zoning: R-4:MULTIP
- Zoning description: R-4:MULTIP
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood/Stucco
- Roof: Composition,Rolled/Hot Mop
Condition
- Year built: 1928
Utilities & green energy
- Sewer: Sewer Connected
- Water: Meter on Property
Community & HOA
Community
- Subdivision: Emerald Hills (EMER)
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $632/sqft
- Tax assessed value: $695,000
- Annual tax amount: $9,185
- Date on market: 9/3/2024
- Listing terms: Cal Vet,Cash,Conventional,FHA,VA
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2025 | Listing removed | $699,900+0.7%$636/sqft |
Source:  SDMLS #240015729 Report a problem | ||
| 9/25/2024 | Sold | $695,000-0.6%$632/sqft |
Source: SDMLS #240021486 Report a problem | ||
| 9/10/2024 | Pending sale | $699,000-0.1%$635/sqft |
Source: SDMLS #240021486 Report a problem | ||
| 8/29/2024 | Listing removed | -- |
Source: SDMLS #240018628 Report a problem | ||
| 8/28/2024 | Listed for sale | $699,900$636/sqft |
Source: SDMLS #240018628 Report a problem | ||
| 8/14/2024 | Pending sale | $699,900$636/sqft |
Source: SDMLS #240018628 Report a problem | ||
| 8/8/2024 | Listed for sale | $699,900$636/sqft |
Source: SDMLS #240018628 Report a problem | ||
| 8/8/2024 | Listing removed | -- |
Source: SDMLS #240015729 Report a problem | ||
| 8/8/2024 | Listed for sale | $699,900$636/sqft |
Source: SDMLS #240015729 Report a problem | ||
| 8/2/2024 | Pending sale | $699,900$636/sqft |
Source: SDMLS #240015729 Report a problem | ||
| 7/10/2024 | Listed for sale | $699,900+47.3%$636/sqft |
Source: SDMLS #240015729 Report a problem | ||
| 4/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/25/2023 | Price change | $2,995-9.1%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/22/2023 | Listed for rent | $3,295+65.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/24/2023 | Sold | $475,000+1.1%$432/sqft |
Source: SDMLS #220030144 Report a problem | ||
| 1/6/2023 | Pending sale | $470,000+75.7%$427/sqft |
Source: SDMLS #220030144 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/9/2021 | Sold | $267,500$243/sqft |
Source: Public Record Report a problem | ||
| 5/9/2019 | Listing removed | $1,995$2/sqft |
Source: Owner Report a problem | ||
| 5/6/2019 | Price change | $1,995-23.3%$2/sqft |
Source: Owner Report a problem | ||
| 5/1/2019 | Listed for rent | $2,600$2/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,185 +53.5% | $695,000 +43.4% |
| 2024 | $5,985 +73.8% | $484,499 +74.1% |
| 2023 | $3,443 +2.7% | $278,305 +2% |
| 2022 | $3,352 +815.4% | $272,849 +908.8% |
| 2021 | $366 +1.1% | $27,048 +1% |
| 2020 | $362 +12% | $26,771 +2% |
| 2019 | $323 -3.4% | $26,247 +2% |
| 2018 | $335 +2.5% | $25,734 +2% |
| 2017 | $327 +2.1% | $25,230 +2% |
| 2016 | $320 +1.3% | $24,736 +1.5% |
| 2015 | $316 +1.2% | $24,366 +2% |
| 2014 | $312 | $23,890 +0.4% |
| 2013 | -- | $23,783 +2% |
| 2012 | -- | $23,318 +2% |
| 2011 | -- | $22,862 +0.7% |
| 2010 | -- | $22,692 -0.2% |
| 2009 | -- | $22,747 +2% |
| 2008 | -- | $22,302 +2% |
| 2007 | -- | $21,866 +2% |
| 2006 | -- | $21,438 +2% |
| 2005 | -- | $21,018 +2% |
| 2004 | -- | $20,607 +1.9% |
| 2003 | -- | $20,230 +2% |
| 2002 | -- | $19,835 +2% |
| 2001 | -- | $19,447 |
Find assessor info on the county website
Neighborhood: Encanto
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Nearby schools
GreatSchools rating
- 4/10Encanto Elementary SchoolGrades: K-5Distance: 0.8 mi
- 2/10Millennial Tech Middle SchoolGrades: 6-8Distance: 1.2 mi
- 4/10Lincoln High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$737,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$737,200
- California
- San Diego County
- San Diego
- 92114
- Encanto
- 515 Merlin Dr
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