$788,000
SOLD MAR 18, 2025
3 Beds
2.5 Baths
1,737 Sq Ft
$450/mo HOA Fee

Recently Sold

$454 Per Sq Ft

3% Below List Price

18 Days on Market

Highlights

  • Spa
  • Primary Bedroom Suite
  • Clubhouse
  • Laguna Middle School Rated A
  • View of Hills
  • Modern Architecture

About This Home

As of March 2025

Nestled on a desirable corner lot in the highly popular and serene Margarita Villas community, this spacious three-bedroom + a den, 2.5-bath home offers both comfort and convenience. Ideally located just minutes from top-rated schools, shopping, vibrant downtown San Luis Obispo, and world-class wineries, this home provides the best of Central Coast living.
Step inside to discover a bright floor plan. The downstairs bedroom, currently used as a family room, opens to a private, sunlit patio perfect for outdoor relaxation or entertaining. Adjacent to the bedroom, the inviting living room boasts vaulted ceilings and a cozy fireplace, creating a warm and welcoming atmosphere.
The thoughtfully designed kitchen provides easy access to the oversized two-car garage, making grocery unloading a breeze. Washer and dryer hookups are also conveniently located in the garage, with modern washer and dryer units included, keeping laundry noise and moisture out of the home.
Upstairs, you’ll find two spacious bedrooms, two bathrooms, and an open office loft overlooking the living room, offering a light-filled and functional workspace. The primary suite is a peaceful retreat with abundant natural light, a private en-suite bathroom, and a generous closet.
As a resident of Margarita Villas, you’ll enjoy beautifully maintained green spaces, mature trees, and community amenities, including a pool and spa ideal for unwinding or spending time with family and friends.
This home combines comfort, functionality, and an unbeatable location.

Last Agent to Sell the Property

Francesco Pierini

Home & Ranch Sotheby's Intl Brokerage Phone: 805-286-1178 License #02052032 Listed on: 01/30/2025

Home & Ranch Sotheby's Intl

Last Buyer's Agent

Brandon Ammerman

Acquire Mortgage & Real Estate License #01862113

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,106

Year Built

  • Built in 1989

Lot Details

  • 1 Common Wall
  • Fenced
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway Level

Home Design

  • Modern Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Asbestos Shingle Roof

Interior Spaces

  • 1,737 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Bonus Room
  • Views of Hills
  • Pest Guard System
  • Six Burner Stove

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Spa
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 91
  • Tax Tract Number 1210
  • Assessor Parcel Number 053185015
  • Seller Considering Concessions

Community Details

Overview

  • Front Yard Maintenance
  • 100 Units
  • Margarita Villas Association, Phone Number (805) 471-7287
  • Emerald Community Management HOA
  • San Luis Obispo Subdivision
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,106

Year Built

Built in 1989

Lot Details

0

HOA Fees

$450 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R2
  • Architectural Style: Modern
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 053185015
  • Year Built: 1989
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1737.00 Square Feet
  • Interior Amenities: High Ceilings
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 453.66
  • Room Type: Bonus Room, Den, Primary Bathroom, Primary Bedroom, Primary Suite, Office, Separate Family Room
  • Spa Features: Community

Exterior Features

  • Foundation: Slab
  • View: Hills
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Features: Community
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Heating Type: Natural Gas
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Pest Control, Clubhouse, Maintenance Grounds, Call for Rules, Maintenance Front Yard
  • Association Fee: 450.00
  • Association Fee Frequency: Monthly
  • Association Name: Margarita Villas
  • Phone: 805-471-7287
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Sidewalks
  • Association Management: Emerald Community Management

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2133.00
  • Lot Size Acres: 0.0490

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2133.0000 Square Feet
  • Number Of Units In Community: 100
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 111.03
  • Tax Lot: 91
  • Tax Tract Number: 1210

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2025
Closed on
Feb 20, 2025
Sold by
Ahlstrom Henry
Bought by
Rodriguez Carlos Macias and Tapia Denese
Seller's Agent
Francesco Pierini
Home & Ranch Sotheby's Intl
Buyer's Agent
Brandon Ammerman
Acquire Mortgage & Real Estate
List Price
$810,000
Sold Price
$788,000
Premium/Discount to List
-$22,000
-2.72%
Views
109
Current Estimated Value
$789,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,609
Avg. Annual Appreciation
0.79%
Original Mortgage
$773,300
Outstanding Balance
$772,660
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$16,949

Purchase Details

Listed on
Jul 20, 2022
Closed on
Sep 9, 2022
Sold by
Jo Sieler-Colvin Laurie
Bought by
Colvin Jay K
Seller's Agent
Richard Miller
Comet Realty
Buyer's Agent
Jennifer Kennedy
Home & Ranch Sotheby's Intl
List Price
$649,000
Sold Price
$649,000
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$519,200
Interest Rate
4.99%
Mortgage Type
Balloon

Purchase Details

Listed on
Jul 20, 2022
Closed on
Sep 2, 2022
Sold by
Colvin Jay K
Bought by
Ahlstrom Henry
Seller's Agent
Richard Miller
Comet Realty
Buyer's Agent
Jennifer Kennedy
Home & Ranch Sotheby's Intl
List Price
$649,000
Sold Price
$649,000
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,200
Interest Rate
4.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 9, 2022
Sold by
Colvin James F
Bought by
Colvin Jay K and Colvin Tracy B

Purchase Details

Closed on
Apr 23, 1998
Sold by
Collins Suzanne Masuret and Carrera Marrakech Masuret Collins
Bought by
Colvin James F and Colvin Susan K

Purchase Details

Closed on
Apr 9, 1996
Sold by
Masuret Suzanne and Monroe Suzanne Masuret
Bought by
Masuret Suzanne and Carrera Marrakech Masuret Collins
Source: Public Records

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Range of Values:

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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 $788,000 Placer Title
Deed -- Placer Title
Grant Deed $649,000 Placer Title
Deed -- Placer Title
Grant Deed -- None Listed On Document
Grant Deed -- Fidelity National Title Co
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $773,300 FHA
Previous Owner $519,200 Balloon
Previous Owner $810,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $585,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $525,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $133,272 Unknown
Previous Owner $146,272 Unknown
Previous Owner $152,900 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Sold $788,000 -1.0% $454 / Sq Ft
02/08/2025 02/08/25 Price Changed $796,000 -1.7% $458 / Sq Ft
01/30/2025 01/30/25 For Sale $810,000 +24.8% $466 / Sq Ft
09/14/2022 09/14/22 Sold $649,000 0.0% $374 / Sq Ft
08/28/2022 08/28/22 Pending -- -- --
08/27/2022 08/27/22 For Sale $649,000 0.0% $374 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/20/2022 08/20/22 Price Changed $649,000 -4.6% $374 / Sq Ft
07/20/2022 07/20/22 For Sale $680,000 -- $391 / 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 $7,106 $661,980 $285,600 $376,380
2023 $7,106 $649,000 $280,000 $369,000
2022 $2,951 $285,856 $105,310 $180,546
2021 $3,048 $280,252 $103,246 $177,006
2020 $2,872 $277,380 $102,188 $175,192
2019 $2,841 $271,942 $100,185 $171,757
2018 $2,784 $266,611 $98,221 $168,390
2017 $2,728 $261,385 $96,296 $165,089
2016 $2,673 $256,260 $94,408 $161,852
2015 $2,631 $252,411 $92,990 $159,421
2014 $2,414 $247,468 $91,169 $156,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS25011302

California Regional Multiple Listing Service (CRMLS)

APN: 053-185-015