NOT LISTED FOR SALE

503 Oak St Paso Robles, CA 93446

Estimated Value: $996,000 - $1,176,000

3 Beds
2 Baths
1,942 Sq Ft
$540/Sq Ft Est. Value

Last Sold January 16, 2024

Last sale price $975,000 $502 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,147/month

101 Days on Market

Highlights

  • Detached Guest House
  • No HOA
  • Front Porch
  • Paso Robles High School Rated A-
  • Neighborhood Views
  • 2 Car Attached Garage

About This Home

As of January 2024

503 Oak Street & 529 5th Street, Paso Robles ** Two Transferable Vacation Rental Licenses with Ample Parking. Nestled in historic Downtown Paso Robles, this property presents an enchanting duo of homes. Both homes hold transferable vacation rental licenses, offering the versatility to either rent them together for an ideal outdoor entertainment experience or separately, each featuring its own charming fenced outdoor space for relaxation. This exceptional opportunity invites you to become the owner of a captivating Craftsman-style residence dating back to the 1920s, complemented by an additional dwelling unit (ADU) that can be seamlessly utilized for short-term rentals or as inviting guest accommodations. Set upon an expansive 6,970 square-foot corner lot with ample parking, the property boasts meticulously designed landscaping, thoughtfully emphasizing low-maintenance living. 503 Oak Street, the primary residence, showcases two generously appointed bedrooms and one bathroom. As you approach the inviting front walkway, with its beautifully maintained landscaping, the property’s curb appeal is immediately striking. A welcoming covered country porch entices relaxation while providing scenic neighborhood views. Stepping inside, you’ll encounter the perfect fusion of 1920s charm and modern upgrades. The living room exudes warmth and hospitality, boasting hardwood flooring that flows gracefully into the dining room. An inviting glass door leads to a sun-drenched sunroom, and an abundance of windows throughout the home bathes the interior in natural light. The spacious, remodeled kitchen is a chef’s delight, equipped with professional Blue Point appliances, stainless steel accents, butcher-block countertops, and a classic white subway tile backsplash. It seamlessly connects to a convenient laundry room with backyard access. Both bedrooms offer ample space, and the bathroom is elegantly appointed. A substantial basement presents endless possibilities, including the potential for a wine cellar. 529 5th Street, the second unit, adds to the property’s allure, featuring one bedroom, one bathroom, a private entrance on 5th Street, and a tranquil backyard retreat. This well-appointed space serves as a cozy and luminous hideaway. Further enhancing this offering, you’ll find a detached two-car garage and a versatile storage shed that can easily transform into an office or art studio.

Last Agent to Sell the Property

Brooke Sutton

Richardson Sotheby's International Realty License #01411266 Listed on: 09/12/2023

Richardson Sotheby's International Realty

Last Buyer's Agent

Karlie Montgomery

Luxton Real Estate License #01905914

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Wood Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned R2

Parking

  • 2 Car Attached Garage

Home Design

  • Entry on the 1st floor
  • Shingle Roof

Interior Spaces

  • 1,942 Sq Ft Home
  • 1-Story Property
  • Casement Windows
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Outdoor Features

  • Patio
  • Shed
  • Rain Gutters
  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Detached Guest House
  • Suburban Location

Community Details

  • No Home Owners Association
  • Pr City Limits West Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 134
  • Assessor Parcel Number 009254012

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: PR City Limits West(120)
  • View: Yes
  • Zoning: R2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 009254012
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1942.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 502.06
  • Room Type: All Bedrooms Down, Basement
  • Window Features: Casement Windows
  • Basement: Unfinished

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Detached, Shed(s)
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Front Porch
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6970.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 134
  • Tax Census Tract: 101.03
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Jan 16, 2024
Sold by
Montgomery Kaleb
Bought by
Montgomery Kaleb and Montgomery Jason W
Seller's Agent
Brooke Sutton
Richardson Sotheby's International Realty
Buyer's Agent
Karlie Montgomery
Luxton Real Estate
List Price
$1,150,000
Sold Price
$975,000
Premium/Discount to List
-$175,000
-15.22%
Views
335
Current Estimated Value
$1,049,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,362
Avg. Annual Appreciation
3.82%
Original Mortgage
$682,500
Outstanding Balance
$671,153
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$378,209

Purchase Details

Listed on
Sep 12, 2023
Closed on
Dec 27, 2023
Sold by
Wood Living Trust
Bought by
Montgomery Kaleb
Seller's Agent
Brooke Sutton
Richardson Sotheby's International Realty
Buyer's Agent
Karlie Montgomery
Luxton Real Estate
List Price
$1,150,000
Sold Price
$975,000
Premium/Discount to List
-$175,000
-15.22%
Views
335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Outstanding Balance
$671,153
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$378,209

Purchase Details

Closed on
Mar 22, 2019
Sold by
Werndorf Steven
Bought by
Wood Murray and Wood Catherine

Purchase Details

Listed on
Aug 3, 2017
Closed on
Nov 29, 2017
Sold by
Thompson Peggy and Estate Of Helen D Walker
Bought by
Werndorf Steven
Seller's Agent
Lera St. Louis
Platinum Properties
Buyer's Agent
Victoria Linder
San Luis Bay Realty
List Price
$499,900
Sold Price
$450,000
Premium/Discount to List
-$49,900
-9.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%

Purchase Details

Closed on
Mar 18, 1998
Sold by
Walker Clifford Carl
Bought by
Walker Clifford Carl and Walker Helen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,193
Interest Rate
7.02%
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 Buyer Sale Price Title Company
Montgomery Kaleb -- Fidelity National Title
Montgomery Kaleb $975,000 Fidelity National Title
Wood Murray $657,500 Fidelity National Title Co
Werndorf Steven $450,000 Placer Title Company
Walker Clifford Carl -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montgomery Kaleb $682,500
Previous Owner Walker Clifford Carl $41,193
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2024 01/16/24 Sold $975,000 -11.4% $502 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
10/29/2023 10/29/23 Price Changed $1,100,000 -4.3% $566 / Sq Ft
09/25/2023 09/25/23 Price Changed $1,150,000 0.0% $592 / Sq Ft
09/25/2023 09/25/23 For Sale $1,150,000 -4.2% $592 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $1,200,000 +166.7% $618 / Sq Ft
12/01/2017 12/01/17 Sold $450,000 -10.0% $232 / Sq Ft View Prior Sale
10/06/2017 10/06/17 For Sale $499,900 0.0% $257 / Sq Ft
09/17/2017 09/17/17 Pending -- -- --
08/24/2017 08/24/17 Price Changed $499,900 -8.9% $257 / Sq Ft
08/03/2017 08/03/17 For Sale $549,000 -- $283 / 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 $7,994 $994,500 $357,000 $637,500
2024 $7,864 $719,068 $273,408 $445,660
2023 $7,864 $704,970 $268,048 $436,922
2022 $7,747 $691,148 $262,793 $428,355
2021 $7,615 $677,597 $257,641 $419,956
2020 $7,511 $670,650 $255,000 $415,650
2019 $5,169 $459,000 $300,900 $158,100
2018 $5,099 $450,000 $295,000 $155,000
2017 $1,246 $121,680 $48,776 $72,904
2016 $1,220 $119,295 $47,820 $71,475
2015 $1,215 $117,504 $47,102 $70,402
2014 $1,171 $115,203 $46,180 $69,023
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23149977

California Regional Multiple Listing Service (CRMLS)

APN: 009-254-012