$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
0.58%
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

Similar Homes in San Luis Obispo, CA

  • 570 Peach St Unit 31, San Luis Obispo, CA 93401

    $645,000

    • 2 Beds
    • 2 Baths
    • 918 Sq Ft
    • 570 Peach St
    • Unit 31
    • San Luis Obispo, CA

    For the first time ever, this charming 2-bedroom, 2-bathroom condo in downtown San Luis Obispo is on the market! Located in the sought-after Mission Gardens development, this upstairs unit is surrounded by lush trees, offering a peaceful retreat just steps from shops, restaurants, and entertainment. Recently updated with new flooring, fresh paint, bedroom windows, and a new water heater, it’s

    Courtney Huckabay Comet Realty

    Section Image
  • 2852 Los Feliz Ct, San Luis Obispo, CA 93401

    $725,000

    • 3 Beds
    • 2.5 Baths
    • 1,416 Sq Ft
    • 2852 Los Feliz Ct
    • San Luis Obispo, CA

    This thoughtfully updated 3-bedroom, 2.5-bath detached home offers modern comfort, abundant natural light, and flexible design in one of San Luis Obispo’s most peaceful and convenient neighborhoods. The main level features an open-concept living, dining, and kitchen area with a raised ceiling and expansive dual-pane windows that frame scenic hillside views. The layout is both functional and

    Krissy Bellisario The Avenue Central Coast Realty, Inc.

    Section Image
  • 3335 Broad St Unit 12, San Luis Obispo, CA 93401

    $600,000

    • 2 Beds
    • 1.5 Baths
    • 1,190 Sq Ft
    • 3335 Broad St
    • Unit 12
    • San Luis Obispo, CA

    Experience the charm of San Luis Obispo living in this beautifully updated condo, nestled in the quaint Ridgepoint complex. As an end unit with only one shared wall, it offers added privacy within a peaceful and well-maintained community. Step into the welcoming living room, where a cozy fireplace sets the tone for chilly coastal and relaxing evenings. The kitchen was renovated in 2024 and

    Devin Hahn Richardson Sotheby's International Realty

    Section Image
  • 905 Madonna Rd Unit 79, San Luis Obispo, CA 93405

    $795,000

    • 3 Beds
    • 3.5 Baths
    • 1,346 Sq Ft
    • 905 Madonna Rd
    • Unit 79
    • San Luis Obispo, CA

    Welcome to 905 Madonna Rd. #79, Located within the Orchard Community at San Luis Ranch, this Fig Collection Townhome boasts 3 bedrooms, 3.5 baths, and 1346 square feet. Epitomizing modern living with solar power, air conditioning, and all-electric appliances. The front patio entrance leads to a foyer, a bedroom with an ensuite bathroom, and access to the 2-car attached garage. As you go to the

    Walker Sotello Eighty20 Group

    Section Image
  • 842 Tarragon Ln Unit 1203, San Luis Obispo, CA 93401

    $660,000

    • 2 Beds
    • 2.5 Baths
    • 1,785 Sq Ft
    • 842 Tarragon Ln
    • Unit 1203
    • San Luis Obispo, CA

    Experience the best of San Luis Obispo living in this beautifully maintained Tumbling Waters condo! This thoughtfully designed home features dual primary suiteseach offering privacy and comfort on their own upper levels. The main floor boasts an open-concept layout with a bright living area, updated kitchen with granite countertops, a convenient powder room, and a private balconyperfect for

    Ben Jiang Goodview Financial & Real Estate

    Section Image
  • 962 Tarragon Ln Unit 1502, San Luis Obispo, CA 93401

    $699,888

    • 2 Beds
    • 2 Baths
    • 1,358 Sq Ft
    • 962 Tarragon Ln
    • Unit 1502
    • San Luis Obispo, CA

    Dreaming of life on the Central Coast? This charming split-level condo in the sought-after Tumbling Waters community is the perfect place to call home. Featuring 2 bedrooms, 2 baths, and a versatile bonus room right off the entrance, this condo offers a spacious and functional layout. A few steps up, you’ll find an open kitchen, dining, and living area, along with the bedrooms and laundry

    Tim Townley Comet Realty

    Section Image
  • 815 Madonna Rd Unit 202, San Luis Obispo, CA 93405

    $749,000

    • 3 Beds
    • 2 Baths
    • 1,141 Sq Ft
    • 815 Madonna Rd
    • Unit 202
    • San Luis Obispo, CA

    Modern Luxury with scenic views in San Luis Ranch - Enjoy upscale, eco-conscious living in this move-in-ready, second-story condo located in San Luis Obispo’s desirable San Luis Ranch community. Built in 2022, this solar-powered (solar is owner owned), all-electric 3-bedroom, 2-bathroom home offers panoramic views of the Seven Sisters and Laguna Lake. The open-concept floor plan is filled with

    Marc Wood Peak Properties

    Section Image
  • 3591 Sacramento Dr Unit 50, San Luis Obispo, CA 93401

    $875,000

    • 3 Beds
    • 2.5 Baths
    • 1,659 Sq Ft
    • 3591 Sacramento Dr
    • Unit 50
    • San Luis Obispo, CA

    Beautifully updated 3-bedrooms, 2.5-bathrooms end-unit condo located in the sought-after Broad Street Villages community in San Luis Obispo. Fully renovated in 2018, this home boasts a modern kitchen featuring stainless steel appliances, granite countertops, and ceramic tile flooring. Durable laminate flooring and A/C enhance the inviting, open floor plan, filled with natural light from large

    Vincent Allan Allan Real Estate Investments

    Section Image
  • 581 Higuera St Unit 203, San Luis Obispo, CA 93401

    $915,000

    • 1 Bed
    • 1 Bath
    • 1,100 Sq Ft
    • 581 Higuera St
    • Unit 203
    • San Luis Obispo, CA

    Welcome to Brickhouse at San Luis Square - centrally located in the heart of Downtown San Luis Obispo just steps from restaurants, shops, cafes, weekly farmers market, and more. Brickhouse is a 29 unit luxury condominium community currently under construction, with homes expected to be ready for closing this Summer 2025. Offering single-level living with a refined blend of luxury, comfort, and

    Farid Shahid Eighty20 Group

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS25011302

California Regional Multiple Listing Service (CRMLS)

APN: 053-185-015