NOT LISTED FOR SALE

5050 Olmeda Ave Atascadero, CA 93422

Estimated Value: $991,752 - $1,025,000

4 Beds
4 Baths
2,893 Sq Ft
$348/Sq Ft Est. Value

Last Sold November 25, 2020

Last sale price $725,000 $251 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,224/month

61 Days on Market

Highlights

  • Detached Guest House
  • Two Homes on a Lot
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • 2 Car Attached Garage
  • Laundry Room

About This Home

As of November 2020

Amazing opportunity to own three doors on this MF10 lot! Two units as is with potential for a studio or one bedroom with little additional work. Both units have been completely redone inside. Enjoy an updated kitchen with a huge island in the first unit. It is open and bright with a great room big enough for all your entertaining needs! There are Pergo laminate floors throughout, an upgraded tankless water heater, two large bedrooms, and 1.5 baths are upstairs. Enjoy your morning coffee on the private deck off the master bedroom. The fenced front yard makes for the perfect private space for BBQ's and fun. Access to the other two units is from down the driveway where you will find at least four parking spaces. The downstairs can easily be converted into a studio or one bedroom with private entrance or you can make it into two bedrooms to have a four bedroom first unit. It has been virtually staged to show potential as a studio. The second unit is a separate structure and features 2 large bedrooms, laundry hook ups, patio with awning, and private fenced yard. Homes are separately metered for gas and electric.

Last Agent to Sell the Property

Jaimey Kleinsmith

Keller Williams Realty Central Coast License #01916131 Listed on: 09/25/2020

Keller Williams Realty Central Coast

Last Buyer's Agent

Karen Calagna

GUIDE Real Estate License #01411811

GUIDE Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,129

Year Built

  • Built in 1966

Lot Details

  • 0.27 Acre Lot
  • Density is 6-10 Units/Acre
  • Property is zoned MF10

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,893 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Atnortheast Subdivision

Listing and Financial Details

  • Legal Lot and Block 35 / QA
  • Assessor Parcel Number 029301030

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,129

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: ATNortheast(10)
  • View: No
  • Zoning: MF10
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 029301030
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2893.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 250.60
  • Room Type: Family Room

Exterior Features

  • Other Structures: Guest House, Guest House Detached, Two On A Lot
  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Heating Type: Fireplace(s)
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Atascadero Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11800.00
  • Lot Size Acres: 0.2709

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11800.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: QA
  • Tax Census Tract: 125.05
  • Tax Lot: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Nov 9, 2020
Sold by
Jones Jaimey M and Jones Samuel T
Bought by
Cone Brooke and Cone Autumn
Seller's Agent
Jaimey Kleinsmith
Keller Williams Realty Central Coast
Buyer's Agent
Karen Calagna
GUIDE Real Estate
List Price
$789,000
Sold Price
$725,000
Premium/Discount to List
-$64,000
-8.11%
Current Estimated Value
$997,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,911
Avg. Annual Appreciation
7.22%
Original Mortgage
$688,750
Outstanding Balance
$619,841
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$386,076

Purchase Details

Closed on
May 10, 2018
Sold by
Palmer Gary E and Palmer Linda K
Bought by
Jones Jaimey M and Jones Samuel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,111
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 6, 2015
Sold by
Palmer Gary and Palmer Linda
Bought by
Palmer Gary W and Palmer Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,715
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2001
Sold by
Kelley Berenice and Fuller Clia Kelley
Bought by
Palmer Gary and Palmer Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
7.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2000
Sold by
Kelley Berenice L
Bought by
Kelley Berenice L and Fuller Clia Kelley
Source: Public Records

Range of Values:

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Average Value
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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
Cone Brooke $725,000 Placer Title Company
Jones Jaimey M $536,000 Placer Title Co
Palmer Gary W -- Fidelity National Title
Palmer Gary $309,000 Chicago Title Co
Fuller Clia Kelley -- Chicago Title Co
Kelley Berenice L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cone Brooke $688,750
Previous Owner Jones Jaimey M $516,000
Previous Owner Jones Jaimey M $518,111
Previous Owner Palmer Gary W $366,715
Previous Owner Palmer Gary $335,622
Previous Owner Palmer Gary $70,000
Previous Owner Palmer Gary William $30,000
Previous Owner Palmer Gary $255,000
Previous Owner Palmer Gary $247,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $725,000 -3.2% $251 / Sq Ft
10/14/2020 10/14/20 Price Changed $749,000 -2.6% $259 / Sq Ft
10/04/2020 10/04/20 Price Changed $769,000 -2.5% $266 / Sq Ft
09/25/2020 09/25/20 For Sale $789,000 +47.2% $273 / Sq Ft
07/18/2018 07/18/18 Sold $536,000 -2.5% $185 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $550,000 -- $190 / 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 $9,129 $784,762 $324,729 $460,033
2024 $9,125 $769,375 $318,362 $451,013
2023 $9,125 $754,290 $312,120 $442,170
2022 $8,927 $739,500 $306,000 $433,500
2021 $8,684 $725,000 $300,000 $425,000
2020 $6,585 $546,720 $229,500 $317,220
2019 $6,403 $536,000 $225,000 $311,000
2018 $6,458 $409,199 $119,180 $290,019
2017 $6,366 $401,177 $116,844 $284,333
2016 $4,653 $393,311 $114,553 $278,758
2015 $4,585 $387,404 $112,833 $274,571
2014 $4,207 $379,816 $110,623 $269,193
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS20200709

California Regional Multiple Listing Service (CRMLS)

APN: 029-301-030