NOT LISTED FOR SALE

Estimated Value: $1,512,195 - $2,013,000

4 Beds
4 Baths
2,712 Sq Ft
$633/Sq Ft Est. Value

Last Sold August 08, 2019

Last sale price $1,045,000 $385 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $10,102/month

72 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Laguna Middle School Rated A
  • Bathtub
  • 2-minute walk to Mitchell Park

About This Home

As of August 2019

Great opportunity to purchase a 4-plex in the heart of downtown San Luis Obispo. Just blocks to shopping, restaurants and Mitchell park, this property features 4 one-bedroom units and parking behind the property. Two of the units have recently been updated, common washer/dryer in the rear of the building and income is currently $5850/mo.

Last Agent to Sell the Property

Susie Brans

Richardson Sotheby's International Realty License #01710596 Listed on: 04/15/2019

Richardson Sotheby's International Realty

Last Buyer's Agent

Erik Berg-Johansen

Richardson Sotheby's International Realty License #02061242

Richardson Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,849

Year Built

  • Built in 1911

Lot Details

  • 5,500 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 2,712 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 4 Full Bathrooms
  • Bathtub

Parking

  • Parking Available
  • Off-Street Parking

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 003542019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,849

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R2
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 003542019
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2712.00 Square Feet
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 385.32
  • Room Type: Family Room
  • Bathroom Features: Bathtub

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 5500.00
  • Lot Size Acres: 0.1263

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5500.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 111.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2019
Closed on
Jul 2, 2019
Sold by
Smith Darren
Bought by
Berg Johansen Roar and Bruerd Bonnie
Seller's Agent
Susie Brans
Richardson Sotheby's International Realty
Buyer's Agent
Erik Berg-Johansen
Richardson Sotheby's International Realty
List Price
$1,090,000
Sold Price
$1,045,000
Premium/Discount to List
-$45,000
-4.13%
Current Estimated Value
$1,716,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,799
Avg. Annual Appreciation
8.29%
Original Mortgage
$728,000
Outstanding Balance
$636,606
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,080,193

Purchase Details

Closed on
Apr 18, 2016
Sold by
Pv Investment Co Llc and Despard Lyndon
Bought by
Smith Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 21, 2014
Sold by
Despard Lyndon C and Despard Yvonne M
Bought by
Lyndon & Yvonne Despard Living Trust and Despard Yvonne M

Purchase Details

Closed on
May 13, 2005
Sold by
Despard Lyndon C and Despard Yvonne M
Bought by
P V Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 22, 2005
Sold by
Budke R W and Budke Sharon D
Bought by
Despard Lyndon C and Despard Yvonne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 11, 2004
Sold by
Budke R W and Budke Sharon D
Bought by
Budke R W and Budke Sharon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2002
Sold by
Budke Robert W and Budke Sharon D
Bought by
Budke R W and Budke Sharon D

Purchase Details

Closed on
Jul 7, 2000
Sold by
Gazin Caroline
Bought by
Budke Robert W and Budke Sharon D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
8.84%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Berg Johansen Roar $1,040,000 Fnt Slo Main Branch Cost Cen
Smith Darren $950,000 First American Title Company
Lyndon & Yvonne Despard Living Trust -- None Available
Despard Lyndon C -- None Available
P V Investments Llc -- --
Despard Lyndon C $849,000 Fidelity Title Company
Budke R W -- First American Title Company
Budke R W -- First American Title Company
Budke R W -- --
Budke Robert W $360,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berg Johansen Roar $728,000
Previous Owner Smith Darren $617,500
Previous Owner Despard Lyndon C $549,000
Previous Owner Budke R W $304,000
Previous Owner Budke Robert W $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2019 08/08/19 Sold $1,045,000 -4.1% $385 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
04/15/2019 04/15/19 For Sale $1,090,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,849 $1,137,386 $546,820 $590,566
2024 $12,626 $1,115,086 $536,099 $578,987
2023 $12,626 $1,093,223 $525,588 $567,635
2022 $11,849 $1,071,788 $515,283 $556,505
2021 $11,632 $1,050,774 $505,180 $545,594
2020 $11,511 $1,040,000 $500,000 $540,000
2019 $11,256 $1,008,146 $514,685 $493,461
2018 $11,045 $988,380 $504,594 $483,786
2017 $10,825 $969,000 $494,700 $474,300
2016 $9,472 $850,000 $450,000 $400,000
2015 $8,844 $700,000 $415,000 $285,000
2014 $6,454 $625,000 $365,000 $260,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP19085313

California Regional Multiple Listing Service (CRMLS)

APN: 003-542-019