$975,000
SOLD MAY 22, 2025
3 Beds
1 Bath
1,163 Sq Ft
7,150 Sq Ft Lot

Recently Sold

$838 Per Sq Ft

11% Above List Price

6 Days on Market

Highlights

  • View of Hills
  • Property is near a park
  • Main Floor Bedroom
  • Laguna Middle School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of May 2025

Tucked away on a peaceful street in one of San Luis Obispo’s most charming neighborhoods, 418 Mitchell Drive is a 1930s Spanish-style cottage that captures the warmth and character of a bygone era. With three bedrooms and one bathroom, this home sits on a generous, versatile lot offering endless potential—whether you’re dreaming of an ADU, a lush garden retreat, or space to entertain under the Central Coast sky.

Inside, you’ll find beautiful Spanish-style details, including high, coved ceilings and a cozy living room with a fireplace that anchors the space. The dining room and kitchen flow easily, creating a welcoming layout full of charm and light.

Downstairs, you’ll find a spacious basement-level two-car garage, complete with the home’s original vintage garage doors and plenty of storage space—a rare and valuable feature in a home of this era. Out back, the large backyard features mature orange and lemon trees, and offers plenty of room to create your ideal outdoor space—from a garden or patio to a future ADU. This sweet home should not be missed

Just moments from downtown San Luis Obispo, parks, and amenities, this is a wonderful opportunity—whether you’re looking for a personal residence filled with character or a savvy investment property with room to grow.

This is more than just a house—it’s a place to come home to.

Last Agent to Sell the Property

Kelly Wood

Stable Properties Brokerage Phone: 925 381-7172 License #01931711 Listed on: 04/25/2025

Last Buyer's Agent

Cheryl Medeiros

Compass License #02187281

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1932

Lot Details

  • 7,150 Sq Ft Lot
  • Lot Sloped Down
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Driveway
  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Raised Foundation
  • Tile Roof
  • Elastomeric Roof
  • Stucco

Interior Spaces

  • 1,163 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Window Screens
  • Living Room with Fireplace
  • Dining Room
  • Views of Hills

Kitchen

  • Galley Kitchen
  • Kitchenette
  • Breakfast Area or Nook
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Rain Gutters
  • Front Porch

Location

  • Property is near a park

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 30 / 1
  • Assessor Parcel Number 004903015
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • San Luis Obispo Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 004903015
  • Year Built: 1932
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1163.00 Square Feet
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Nook, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 838.35
  • Room Type: Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Double Pane Windows, Screens
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Shower In Tub
  • Room Kitchen Features: Kitchenette, Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Exterior Features: Rain Gutters
  • View: Hills
  • Patio And Porch Features: Concrete, Patio, Front Porch
  • Pool Private: No
  • Roof: Elastomeric, Tile
  • Construction Materials: Stucco

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Heating Type: Forced Air
  • Laundry Features: In Closet, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down, Park Nearby
  • Lot Size Sq Ft: 7150.00
  • Lot Size Acres: 0.1641

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7150.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 111.05
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2025
Closed on
May 20, 2025
Sold by
Yacoub Jessica
Bought by
Yacoub Kerim
Seller's Agent
Kelly Wood
Stable Properties
Buyer's Agent
Cheryl Medeiros
Compass
List Price
$875,000
Sold Price
$975,000
Premium/Discount to List
$100,000
11.43%
Views
81
Current Estimated Value
$958,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,036
Avg. Annual Appreciation
-2.82%
Original Mortgage
$575,000
Outstanding Balance
$572,952
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$386,012

Purchase Details

Listed on
Apr 25, 2025
Closed on
May 7, 2025
Sold by
Jo Ann P Cook Marital Deduction Trust and Bernice Lassiter Revocable Trust
Bought by
Yacoub Kerim
Seller's Agent
Kelly Wood
Stable Properties
Buyer's Agent
Cheryl Medeiros
Compass
List Price
$875,000
Sold Price
$975,000
Premium/Discount to List
$100,000
11.43%
Views
81

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$572,952
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$386,012

Purchase Details

Listed on
Apr 25, 2025
Closed on
Apr 18, 2025
Sold by
Frank M Cook Bypass Trust and Cook Karen Lisa
Bought by
Jo Ann P Cook Marital Deduction Trust and Cook
Seller's Agent
Kelly Wood
Stable Properties
Buyer's Agent
Cheryl Medeiros
Compass
List Price
$875,000
Sold Price
$975,000
Premium/Discount to List
$100,000
11.43%
Views
81

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$572,952
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$386,012

Purchase Details

Closed on
Dec 5, 2024
Sold by
Frank M Cook Bypass Trust and Cook Karen Lisa
Bought by
Jo Ann P Cook Marital Deduction Trust and Frank M Cook And Jo Ann P Cook 1989 Trust

Purchase Details

Closed on
Jun 5, 2002
Sold by
Lassiter Bernice
Bought by
Lassiter Bernice

Purchase Details

Closed on
Nov 20, 2000
Sold by
Cook Jo Ann P
Bought by
Cook Jo Ann P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 -- First American Title
Grant Deed $975,000 First American Title
Grant Deed -- First American Title
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $575,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2025 05/22/25 Sold $975,000 +11.4% $838 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
04/25/2025 04/25/25 For Sale $875,000 -- $752 / 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 $703 $925,000 $675,000 $250,000
2024 $691 $63,641 $17,552 $46,089
2023 $691 $62,394 $17,208 $45,186
2022 $647 $61,171 $16,871 $44,300
2021 $637 $59,973 $16,541 $43,432
2020 $631 $59,359 $16,372 $42,987
2019 $624 $58,196 $16,051 $42,145
2018 $612 $57,056 $15,737 $41,319
2017 $600 $55,938 $15,429 $40,509
2016 $588 $54,842 $15,127 $39,715
2015 $579 $54,019 $14,900 $39,119
2014 $532 $52,962 $14,609 $38,353
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS25088281

California Regional Multiple Listing Service (CRMLS)

APN: 004-903-015