7224 Margerum Ave San Diego, CA 92120
Allied Gardens Neighborhood
3
Beds
2
Baths
1,750
Sq Ft
0.41
Acres
Highlights
- RV Access or Parking
- Solar Power System
- 0.41 Acre Lot
- Marvin Elementary School Rated A
- Panoramic View
- Bluff on Lot
About This Home
As of February 2025Foundation Issues. Single-level VIEW home in the desirable neighborhood of Del Cerro! This 3-bedroom, 2-bathroom residence offers 1,750 sqft of living space on a sprawling 17,983 sqft lot. Step inside and be greeted by a spacious open floor plan with vaulted ceilings, custom recessed lighting, ceiling fans, and central AC for year-round comfort. The home is equipped with SOLAR power through a Power Purchase Agreement (PPA), ensuring energy efficiency and lower utility costs. Natural light fills the home, thanks to newer vinyl windows and dual sliding doors, one off the family room and the other from the master bedroom. The family room features a cozy rock fireplace, perfect for relaxing evenings. The kitchen is a dream with rich walnut cabinets, granite countertops, a custom tile backsplash, and an eat-at bar. Stainless steel appliances, including a refrigerator, dishwasher, stove, and microwave, making meal prep a breeze. The large master bedroom boasts dual closets and access to a private deck, while the en-suite bathroom includes a walk-in shower with custom tile surround. Ceiling fans are installed in all bedrooms for added comfort. The backyard is an entertainer's delight with amazing west-facing views, a large, covered patio, a fire pit, a deck, and a spacious turf grass area. Additional yard space offers endless possibilities. The front yard features a two-car garage, RV parking, and a low-maintenance turf lawn. Conveniently located near shopping, restaurants, and top-rated schools, this home is a true gem!
Last Buyer's Agent
Dawn Lewis
Big Block Realty, Inc License #01042809
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,598
Year Built
- Built in 1978
Lot Details
- 0.41 Acre Lot
- Gated Home
- Property is Fully Fenced
- Bluff on Lot
- Property is zoned R-1:SINGLE
Parking
- 2 Car Attached Garage
- Driveway
- RV Access or Parking
Home Design
- Clay Roof
- Stucco Exterior
Interior Spaces
- 1,750 Sq Ft Home
- 1-Story Property
- Formal Entry
- Family Room with Fireplace
- Great Room
- Formal Dining Room
- Home Office
- Panoramic Views
Kitchen
- Breakfast Area or Nook
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Garage
- Gas Dryer Hookup
Eco-Friendly Details
- Solar Power System
Utilities
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 673-464-15-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2025
Closed on
Feb 6, 2025
Sold by
John Bradford Inc
Bought by
Patel Urmi N
Seller's Agent
Adam Sussely-House
eXp Realty of California, Inc.
Buyer's Agent
Joseph Falcone
Harcourts Prime Properties
List Price
$1,400,000
Sold Price
$1,405,000
Premium/Discount to List
$5,000
0.36%
Views
117
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,541
Avg. Annual Appreciation
-6.39%
Original Mortgage
$950,000
Outstanding Balance
$946,007
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$421,452
Purchase Details
Listed on
Oct 10, 2024
Closed on
Oct 25, 2024
Sold by
John L Patterson Living Trust and Patterson John L
Bought by
John Bradford Inc
Seller's Agent
Dawn Lewis
Real Broker
Buyer's Agent
Dawn Lewis
Real Brokerage Technologies
List Price
$1,189,000
Sold Price
$950,000
Premium/Discount to List
-$239,000
-20.1%
Views
131
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
268.56%
Original Mortgage
$898,000
Interest Rate
6.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 3, 2022
Sold by
Patterson John L
Bought by
John L Patterson Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,925
Interest Rate
3.22%
Mortgage Type
VA
Purchase Details
Closed on
Jul 23, 2020
Sold by
Patterson John L
Bought by
Patterson John L and John L Patterson Living Trust
Purchase Details
Closed on
Mar 25, 2004
Sold by
Mahdavi Said and Mahdavi Rita Martinez
Bought by
Patterson John L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 30, 2003
Sold by
Mahdavi Said and Mahdavi Rita Martinez
Bought by
Mahdavi Said and Mahdavi Rita Martinez
Purchase Details
Closed on
Apr 12, 2001
Sold by
Mahdavi Said
Bought by
Mahdavi Said and Mahdavi Rita Martinez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.57%
Purchase Details
Closed on
Apr 30, 1998
Sold by
Debi Mahdavi
Bought by
Mahdavi Said
Similar Homes in San Diego, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,405,000 | Lawyers Title Company | |
| Grant Deed | $950,000 | Lawyers Title | |
| Grant Deed | -- | New Title Company Name | |
| Grant Deed | -- | New Title Company Name | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $607,000 | First American Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $950,000 | New Conventional | |
| Previous Owner | $898,000 | New Conventional | |
| Previous Owner | $379,925 | VA | |
| Previous Owner | $423,804 | VA | |
| Previous Owner | $485,600 | Purchase Money Mortgage | |
| Previous Owner | $125,000 | Credit Line Revolving | |
| Previous Owner | $322,700 | Unknown | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $70,000 | Credit Line Revolving | |
| Previous Owner | $205,000 | No Value Available | |
| Previous Owner | $38,400 | Unknown | |
| Closed | $60,700 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | Sold | $1,405,000 | +0.4% | $803 / Sq Ft |
| 01/30/2025 01/30/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | For Sale | $1,400,000 | +47.4% | $800 / Sq Ft |
| 11/05/2024 11/05/24 | Sold | $950,000 | -13.6% | $543 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | Price Changed | $1,099,000 | -7.6% | $628 / Sq Ft |
| 10/10/2024 10/10/24 | For Sale | $1,189,000 | -- | $679 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,598 | $950,000 | $626,030 | $323,970 |
| 2024 | $10,598 | $846,062 | $557,537 | $288,525 |
| 2023 | $10,399 | $829,473 | $546,605 | $282,868 |
| 2022 | $10,124 | $813,210 | $535,888 | $277,322 |
| 2021 | $9,207 | $730,000 | $300,000 | $430,000 |
| 2020 | $8,502 | $675,000 | $278,000 | $397,000 |
| 2019 | $8,203 | $650,000 | $268,000 | $382,000 |
| 2018 | $7,521 | $625,000 | $258,000 | $367,000 |
| 2017 | $7,071 | $590,000 | $244,000 | $346,000 |
| 2016 | $6,857 | $570,000 | $236,000 | $334,000 |
| 2015 | $6,739 | $560,000 | $232,000 | $328,000 |
| 2014 | $6,625 | $550,000 | $228,000 | $322,000 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Sussely-House
Seller's Agent in 2025
Adam Sussely-House
eXp Realty of California, Inc.
(858) 774-2726
4 in this area
61 Total Sales
-
Michelle Sussely-House
Seller Co-Listing Agent in 2025
Michelle Sussely-House
eXp Realty of California, Inc.
(619) 846-2842
3 in this area
21 Total Sales
-
Joseph Falcone
Buyer's Agent in 2025
Joseph Falcone
Harcourts Prime Properties
(619) 518-4104
1 in this area
18 Total Sales
-
Dawn Lewis
Seller's Agent in 2024
Dawn Lewis
Real Broker
(619) 981-3917
2 in this area
169 Total Sales
Map
Source: San Diego MLS
MLS Number: 240024111
APN: 673-464-15
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