NOT LISTED FOR SALE

2908 Ardmore Rd Paso Robles, CA 93446

Estimated Value: $858,886

6 Beds
3 Baths
2,502 Sq Ft
$343/Sq Ft Est. Value

Last Sold April 16, 2015

Last sale price $500,000 $200 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,698/month

270 Days on Market

Highlights

  • Attached Guest House
  • Barn
  • Evaporated cooling system
  • Paso Robles High School Rated A-
  • Horse Property
  • Laundry Room

About This Home

As of April 2015

Marketing Remarks: Unique opportunity to own 1.9 flat acres zoned commercial in a rapidly growing area within city of Paso Robles. Fantastic long term investment while receiving income from 3 existing rentals. Comfortable 1462 SF 3/1 main house w/fenced back yard. 2nd home 620 SF 2/1 plus 420 SF free standing studio full of character w/covered front porch & fenced yard. Each unit is private & separated from the others. Also included is an old barn, two sheds, fruit trees, vegetable gardens, a small vineyard and room for horses. This property has natural gas and its own well. The pump and pressure tank were replaced 2 years ago. There is city water at the street & sewer lines are nearby for future development. 1 acre is undeveloped & would be ideal to use as a storage/construction yard, etc. C-3 zoning allows for many uses. The possibilities are endless.

Last Agent to Sell the Property

Carolynne Potts

Country Real Estate, Inc. License #00870449 Listed on: 05/21/2014

Country Real Estate, Inc.

Last Buyer's Agent

Joann Outland

Outland and Associates Real Estate License #00646902

Outland and Associates Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,506

Year Built

  • Built in 1920

Lot Details

  • 1.9 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 2,502 Sq Ft Home
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof

Parking

  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Horse Property
  • Shed

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Heating System Uses Natural Gas

Additional Features

  • Laundry Room
  • Attached Guest House
  • Barn

Community Details

  • 2 Units
  • Net Operating Income $21,105

Listing and Financial Details

  • Assessor Parcel Number 025362010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,506

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Subdivision Name Other: PR City Limits East(110)
  • Zoning: COMR,COM
  • Property Type: Residential Income
  • Parcel Number: 025362010
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 199.84

Exterior Features

  • Foundation: Slab, Raised
  • Other Structures: Barn(s), Guest House Attached, Shed(s)
  • Roof: Rolled/Hot Mop, Shingle

Garage/Parking

  • Parking: No
  • Parking Features: On Site, Street

Utilities

  • Utilities: Phone Connected
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Lot Info

  • Additional Parcels: No
  • Lot Features: Horse Property, Level with Street, Paved
  • Lot Size Sq Ft: 82764.00
  • Lot Size Acres: 1.9000

Multi Family

  • Lot Size Area: 1.9000 Acres
  • Net Operating Income: 21105.00
  • Number Of Units Total: 2
  • Operating Expense: 8895.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2023
Sold by
Giessinger Donald Andrew and Giessinger Mary Jane
Bought by
Donald Andrew Giessinger And Mary Jane Giessi and Giessinger
Current Estimated Value
$858,886

Purchase Details

Closed on
Dec 13, 2022
Sold by
Giessingers Llc
Bought by
Giessinger Donald Andrew and Giessinger Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 18, 2021
Sold by
Coulter John M and Coulter Balinda A
Bought by
Giessingers Llc

Purchase Details

Closed on
Oct 23, 2017
Sold by
Coulter John Michael
Bought by
Counter John M and Coulter Balinda A

Purchase Details

Closed on
Feb 9, 2015
Sold by
James Richard Scott and James Gayle T
Bought by
Coulter Loreen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 22, 2010
Sold by
James Richard Scott and James Gayle T
Bought by
James Richard Scott and James Gayle T

Purchase Details

Closed on
Sep 17, 2003
Sold by
Risk Chris Trofe and Hawley Jesse M
Bought by
James Richard Scott and James Gayle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2000
Sold by
Hawley Jesse M
Bought by
Risk Chris Trofe

Purchase Details

Closed on
May 9, 1994
Sold by
Farmer David Y
Bought by
Hawley Jesse M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.52%
Mortgage Type
Commercial
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
Donald Andrew Giessinger And Mary Jane Giessi -- None Listed On Document
Giessinger Donald Andrew -- First American Title
Giessingers Llc $800,000 First American Title
Counter John M -- None Available
Coulter Loreen L $500,000 Fidelity National Title
James Richard Scott -- None Available
James Richard Scott $408,000 First American Title Company
Risk Chris Trofe -- --
Hawley Jesse M -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giessinger Donald Andrew $750,000
Previous Owner Coulter Loreen L $356,250
Previous Owner James Richard Scott $322,700
Previous Owner Hawley Jesse M $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2015 04/16/15 Sold $500,000 -13.0% $200 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
05/01/2014 05/01/14 For Sale $575,000 -- $230 / 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 $13,506 $1,239,115 $704,142 $534,973
2024 $13,285 $1,214,820 $690,336 $524,484
2023 $13,285 $1,191,000 $676,800 $514,200
2022 $6,347 $566,260 $339,756 $226,504
2021 $6,239 $555,158 $333,095 $222,063
2020 $6,154 $549,467 $329,680 $219,787
2019 $6,067 $538,694 $323,216 $215,478
2018 $5,984 $528,132 $316,879 $211,253
2017 $5,627 $517,777 $310,666 $207,111
2016 $5,517 $507,625 $304,575 $203,050
2015 $4,210 $390,000 $365,000 $25,000
2014 $3,701 $349,000 $325,000 $24,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PR1043690

California Regional Multiple Listing Service (CRMLS)

APN: 025-362-010