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1966 Grove Ave
Score
0
San Diego, CA

1966 Grove Ave

890K
4 bd • 3 ba • 1,883 sf

This analysis was generated on 2/20/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$890,000

Price/Sq.Ft

$473

Year Built

1998

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Move-In Ready Condition: The property is described as beautifully updated with new flooring and a renovated kitchen, offering immediate comfort and convenience for buyers. • Main Floor Bedroom and Bathroom: The presence of a bedroom and full bathroom on the main floor provides accessibility and convenience for guests or residents with mobility issues. • Large Backyard: The large backyard with fruit trees offers ample space for outdoor activities, gardening, and entertainment. • No HOA or Mello Roos Fees: The absence of HOA and Mello Roos fees translates to lower monthly expenses, making the property more affordable. • Convenient Location: The property is ideally located near schools and parks, offering convenient access to essential amenities. • Crime Statistics: The property crime rate is significantly lower than state and national averages. Burglary is -71.7% vs state, -61.4% vs national. Motor Vehicle Theft: -28.4% vs state, 14.3% vs national.

The Bad

• Average School Ratings: The school ratings for Mar Vista Academy (5/10) and Southwest Senior High School (5/10) are average, which may be a drawback for families seeking higher-rated schools. • Limited Information on Property Upgrades: The property description mentions updates, but lacks specifics on the age and quality of major systems (roof, HVAC, plumbing), potentially leading to unexpected maintenance costs. • Price Appreciation Concerns: The significant price increase from $262,500 in 2001 to $890,000 in 2025 (a 239% increase since the last listing) raises questions about whether the property is currently overpriced relative to its intrinsic value and the surrounding market. A price correction is possible.

The Ugly

• Estimated Insurance Costs: The estimated annual insurance cost of $3,204 is relatively high, which adds significantly to the total cost of ownership. This is almost 3x the national average. • Safety Score: The safety score of 62/100 indicates an above-average safety level but leaves room for concern. Total Crime Rate: 557.5 per 100,000 residents. Violent Crime Rate: 301.0 per 100,000 residents. Potential buyers should research recent crime trends and consult local law enforcement for more information. • Market Timing Concerns: The property was previously sold for $182,000 in 1997 and is now listed for $890,000. While San Diego real estate has appreciated significantly, the current listing price may reflect a market peak, increasing the risk of price stagnation or decline.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers Seeking Updated, Move-In Ready Homes: The recent renovations, including new flooring and a renovated kitchen with modern appliances and quartz countertops, make this property appealing to buyers seeking a turnkey home. • Families Prioritizing School Proximity: Located within 0.6 miles of Emory Elementary (6/10 rating), Mar Vista Academy (5/10 rating), and Southwest Senior High School (5/10 rating), the property caters to families with children in these schools. • Buyers Appreciating Outdoor Space: The large backyard with fruit trees offers ample space for outdoor activities and gardening, appealing to those who value outdoor living. • Buyers Looking for Homes Without HOA or Mello Roos Fees: The absence of HOA and Mello Roos fees translates to lower monthly expenses, making the property attractive to budget-conscious buyers.

Not For

• Investors Seeking High Rental Yields: While the area has decent rental rates, the high purchase price ($890,000) may result in lower-than-average rental yields compared to other investment opportunities in San Diego. • Buyers Prioritizing Top-Rated Schools: While the property is near schools, the ratings of Mar Vista Academy (5/10) and Southwest Senior High School (5/10) may not meet the standards of buyers seeking highly-rated educational institutions. • Buyers Requiring a Very Low-Risk Environment: The property's safety score is about average. Some buyers may prefer neighborhoods with higher safety scores.
Demographics
Area Median Income

$74,705

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 12, 2024
Donald S Sirek, Maria M SirekDonald S Sirek, Maria M Sirek
Intrafamily Transfer
Non-Arm's Length Transactions
$262,500Cash Purchase
Aug 15, 2001
Patrick A Conway, Elizabeth A ConwayDonald Sirek, Maria M Sirek
Grant Deed
Standard Sale (Purchase/Resales)
$182,000Financed
May 21, 1997
Park Place Estates LlcPatrick A Conway, Elizabeth A Conway
Grant Deed
New Construction Residential Transactions

Property Taxes

$2,481
2024 Tax Assessment
43.9%from previous year
Assessed Value$380,161
Tax Rate0.65%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

5.0/10
Average

High

5.0/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,714

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$890,000
Price/sqft
$473
Layout
4 bd3 ba
Days on market
29 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$814,667

9.2%

Your price is 9.2% above average

Median Price

$818,000

8.8%

Based on 6 recent sales

Price per Sq.Ft

$481

1.7%

Your price is 1.7% below average $/sqft

Comparable Properties

2659 Caminito Secoya, Otay Mesa, CA 92154
Price: $625,000
Sq.Ft: 1,592
Beds/Baths: 4/3
$/Sq.Ft:
$39316.9%
Sale Date: 1/9/2025
1425 New Chatel Drive, San Diego, CA 92154
Price: $830,000
Sq.Ft: 1,828
Beds/Baths: 4/3
$/Sq.Ft:
$4543.9%
Sale Date: 10/17/2024
1241 13th Street #43, Imperial Beach, CA 91932
Price: $995,000
Sq.Ft: 1,661
Beds/Baths: 5/3
$/Sq.Ft:
$59926.7%
Sale Date: 10/25/2024
2510 Biola Avenue, San Diego, CA 92154
Price: $818,000
Sq.Ft: 1,687
Beds/Baths: 4/3
$/Sq.Ft:
$4852.6%
Sale Date: 10/18/2024
1850 Katella Street, Otay Mesa, CA 92154
Price: $810,000
Sq.Ft: 1,687
Beds/Baths: 4/3
$/Sq.Ft:
$4801.6%
Sale Date: 9/21/2024
824 18th St, Otay Mesa, CA 92154
Price: $810,000
Sq.Ft: 1,700
Beds/Baths: 4/3
$/Sq.Ft:
$4760.8%
Sale Date: 9/12/2024

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