NOT LISTED FOR SALE

1551 Royal Way San Luis Obispo, CA 93405

Billygoat Acres Neighborhood

Estimated Value: $1,234,717 - $1,677,000

10 Beds
3 Baths
2,470 Sq Ft
$625/Sq Ft Est. Value

Last Sold April 20, 2012

Last sale price $485,000 $196 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $8,715/month

54 Days on Market

Highlights

  • Laundry Room
  • Ceiling Fan
  • Level Lot
  • C.L. Smith Elementary School Rated A

About This Home

As of April 2012

Marketing Remarks: Outstanding Six bedroom Triplex Investment opportunity in the Happiest City In America-San Luis Obispo! This Laguna Lake area complex is conveniently located to nearby shopping, dinning, local schools & Bus Lines to Cal Poly/Downtown. Each unit has its own private fenced back yard and two designated parking spaces per unit. Don't miss out on this phenomenal investment opportunity.

Last Agent to Sell the Property

Joe Caradonna

San Luis Bay Realty License #01901372 Listed on: 01/13/2012

Co-Listed By

David Fuentes

Coast & County Brokers License #01862152

Last Buyer's Agent

Doug Dalton

Farrell Smyth Real Estate License #01141679

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,126

Year Built

  • Built in 1972

Lot Details

  • 7,840 Sq Ft Lot
  • Level Lot
  • Sprinkler System

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 10 Bedrooms
  • 2,470 Sq Ft Home
  • Ceiling Fan
  • Laundry Room

Parking

  • Parking Available
  • Private Parking
  • On-Site Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Community Details

  • 3 Units
  • Gross Income $32,800

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 053102005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,126

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Zoning: DPLXTRI,R2
  • Property Type: Residential Income
  • Parcel Number: 053102005
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Levels: One
  • Price Per Square Foot: 196.36

Exterior Features

  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Private

Utilities

  • Utilities: Phone Connected
  • Sprinklers: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street, Sprinkler System
  • Lot Size Sq Ft: 7840.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Operating Income: 32800.00
  • Lot Size Area: 0.1800 Acres
  • Number Of Units Total: 3
  • Operating Expense: 9219.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2012
Closed on
Mar 16, 2012
Sold by
Langford Wilbur Reed and Langford Anna L
Bought by
Meek Lyle L and Meek Chris
Seller's Agent
Joe Caradonna
San Luis Bay Realty
Buyer's Agent
Doug Dalton
Farrell Smyth Real Estate
List Price
$529,000
Sold Price
$485,000
Premium/Discount to List
-$44,000
-8.32%
Current Estimated Value
$1,543,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,058,929
Avg. Annual Appreciation
8.94%
Original Mortgage
$348,750
Outstanding Balance
$239,224
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$1,304,705
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Meek Lyle L $485,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meek Lyle L $348,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2012 04/20/12 Sold $485,000 -8.3% $196 / Sq Ft
03/07/2012 03/07/12 Pending -- -- --
01/13/2012 01/13/12 For Sale $529,000 -- $214 / 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 $7,126 $609,177 $339,131 $270,046
2024 $7,007 $597,233 $332,482 $264,751
2023 $7,007 $585,523 $325,963 $259,560
2022 $6,581 $574,043 $319,572 $254,471
2021 $6,448 $562,788 $313,306 $249,482
2020 $6,380 $557,018 $310,094 $246,924
2019 $6,302 $546,097 $304,014 $242,083
2018 $6,187 $535,390 $298,053 $237,337
2017 $6,063 $524,893 $292,209 $232,684
2016 $5,820 $514,602 $286,480 $228,122
2015 $5,434 $506,873 $282,177 $224,696
2014 $5,140 $496,945 $276,650 $220,295
Source: Public Records

Agents Affiliated with this Home

  • Joe Caradonna

    Seller's Agent in 2012

    Joe Caradonna

    San Luis Bay Realty

    (805) 748-8277

    3 Total Sales

    Joe Caradonna
    Section Image
  • David Fuentes

    Seller Co-Listing Agent in 2012

    David Fuentes

    Coast & County Brokers

    (805) 773-9500

    8 Total Sales

    David Fuentes
    Section Image

  • D

    Buyer's Agent in 2012

    Doug Dalton

    Farrell Smyth Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI182797

California Regional Multiple Listing Service (CRMLS)

APN: 053-102-005

California San Luis Obispo County San Luis Obispo 93405 Billygoat Acres

1551 Royal Way, San Luis Obispo, CA

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