$1,628,000
SOLD AUG 28, 2024
6 Beds
3 Baths
2,358 Sq Ft
8,400 Sq Ft Lot

Recently Sold

$690 Per Sq Ft

4% Below List Price

45 Days on Market

Highlights

  • Golf Course Community
  • Updated Kitchen
  • Mountain View
  • Laguna Middle School Rated A
  • Dual Staircase
  • Cathedral Ceiling

About This Home

As of August 2024

SELLER PAID BUY DOWN or CREDIT available. Historic Gem with Modern Upgrades in Downtown San Luis Obispo. Nestled adjacent to the vibrant downtown historic district, this charming property offers a perfect blend of vintage elegance and contemporary comfort. Built in the late 1800s, this home has been thoughtfully updated over the years, with an extensive remodel by the current owner bringing it to the pinnacle of modern living. Located within walking distance to SLO's main streets, you'll have easy access to the best restaurants, shopping, and entertainment the Central Coast has to offer. This property features two distinct separately metered units (390 Islay and 1545 Carmel), each offering significant income potential. One unit is occupied by full-time tenants paying top-of-market rent, while the other is a furnished rental. Income has averaged over $10,000 monthly. The R3 zoning and existing (original!) carriage house site provide an exciting opportunity for further income by building an ADU. The spacious interiors are designed to cater to today's lifestyle while preserving the unique character of the property. Modern finishes and materials are juxtaposed against gorgeous wide plank old growth redwood walls, creating an ambiance that is both stylish and warm. Upgraded features include central air and heat, brand new roof, new electrical and plumbing, and freshly redesigned tile and cabinetry in kitchens and baths. Situated on a large corner lot, the oversized property boasts multiple outdoor spaces surrounded by lush hedges that create a private, secret garden feel. Two beautifully designed backyard decks offer the perfect locations to relax and enjoy breathtaking views of the Cerro San Luis Mountains. Don't miss out on this unique chance to own a historic gem with contemporary conveniences and outstanding income potential in the heart of San Luis Obispo. Contact us today to schedule a private viewing and experience the magic of this exceptional property!

Last Agent to Sell the Property

Janelle Eagle

eXp Realty of California, Inc Brokerage Phone: 510-410-4186 License #02162444 Listed on: 06/17/2024

eXp Realty of California, Inc

Last Buyer's Agent

Tim Riley

Century 21 Masters License #01280227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,006

Year Built

  • Built in 1880 | Remodeled

Lot Details

  • 8,400 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Victorian Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Wood Product Walls
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,358 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Dual Staircase
  • Built-In Features
  • Chair Railings
  • Wainscoting
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Attached Deck
  • Dining Room
  • Wood Flooring
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Six Burner Stove
  • Gas and Electric Range
  • Range Hood
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms | 1 Main Level Bedroom
  • Remodeled Bathroom
  • 3 Full Bathrooms
  • Quartz Bathroom Countertops
  • Low Flow Toliet
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / 48
  • Assessor Parcel Number 003612013

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Foothills
  • Mountainous Community
  • Property is near a preserve or public land

Recreation

  • Golf Course Community
  • Park
  • Horse Trails
  • Hiking Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,006

Year Built

Built in 1880 | Remodeled

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Inclusions: All appliances in both units. Backyard shed.
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R3
  • Architectural Style: Victorian
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 003612013
  • Year Built: 1880
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2358.00 Square Feet
  • Interior Amenities: 2 Staircases, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chair Railings, Furnished, High Ceilings, Living Room Deck Attached, Quartz Counters, Two Story Ceilings, Wainscoting, Wood Product Walls
  • Stories: 2
  • Entry Location: Two Doors
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 6
  • Eating Area: Dining Room
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 690.42
  • Room Type: Kitchen, Living Room
  • Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Shower, Quartz Counters, Remodeled, Upgraded, Walk-In Shower
  • Room Kitchen Features: Quartz Counters, Remodeled Kitchen, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter, Raised
  • Other Structures: Shed(s)
  • View: Mountain(s)
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Water Heater, Disposal, Gas & Electric Range, High Efficiency Water Heater, Range Hood, Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Mountainous, Preserve/Public Land

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8400.00
  • Lot Size Acres: 0.1928

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8400.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 48
  • Tax Census Tract: 111.05
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Aug 7, 2024
Sold by
Janelle Of All Trades Llc
Bought by
Cox Isabel and Cox Brian
Seller's Agent
Janelle Eagle
eXp Realty of California, Inc
Buyer's Agent
Tim Riley
Century 21 Masters
List Price
$1,699,000
Sold Price
$1,628,000
Premium/Discount to List
-$71,000
-4.18%
Views
67
Current Estimated Value
$1,628,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43
Avg. Annual Appreciation
2.33%
Original Mortgage
$1,221,000
Outstanding Balance
$1,212,456
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$449,248

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 16, 2022
Sold by
William E Tickell Jr Family Trust
Bought by
Janelle Of All Trades Llc
Seller's Agent
Lindsey Harn
Christie's International Real Estate Sereno
Buyer's Agent
Janelle Eagle
eXp Realty of California, Inc
List Price
$1,375,000
Sold Price
$1,175,000
Premium/Discount to List
-$200,000
-14.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.80%
Original Mortgage
$998,750
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2021
Sold by
Tickell William E
Bought by
William E Tickell Jr Family Trust and Tickell

Purchase Details

Closed on
Apr 14, 2004
Sold by
Tickell William Earl and Tickell William E
Bought by
Tickell William E and William E Tickell Jr Family Tr
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $1,628,000 First American Title
Grant Deed $1,175,000 Fidelity National Title
Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,221,000 New Conventional
Previous Owner $998,750 New Conventional
Previous Owner $250,000 Unknown
Previous Owner $320,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $337,500 Balloon
Previous Owner $157,300 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2024 08/28/24 Sold $1,628,000 -4.2% $690 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
06/17/2024 06/17/24 For Sale $1,699,000 +44.6% $721 / Sq Ft
07/22/2022 07/22/22 Sold $1,175,000 -14.5% $498 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $1,375,000 -- $583 / 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
2024 $13,006 $1,198,500 $841,500 $357,000
2023 $13,006 $1,175,000 $825,000 $350,000
2022 $8,096 $765,000 $484,500 $280,500
2021 $454 $40,682 $20,711 $19,971
2020 $428 $40,266 $20,499 $19,767
2019 $423 $39,478 $20,098 $19,380
2018 $415 $38,704 $19,704 $19,000
2017 $407 $37,946 $19,318 $18,628
2016 $399 $37,203 $18,940 $18,263
2015 $393 $36,645 $18,656 $17,989
2014 $361 $35,928 $18,291 $17,637
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24122184

California Regional Multiple Listing Service (CRMLS)

APN: 003-612-013