NOT LISTED FOR SALE

5401 Olmeda Ave Unit A Atascadero, CA 93422

Atascadero Area

Estimated Value: $412,000 - $485,000

9 Beds
11 Baths
5,844 Sq Ft
0.46 Acre Lot

Sale Details

Date Sold: August 31, 2023

Last sale price $250,000 $43 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,800 / mo

165 Days on Market

About This Home

As of August 2023

Welcome to this stunning four-unit property for sale in the charming city of Atascadero! Situated in a desirable location, this compound presents a wonderful opportunity for investors and owner-occupiers alike. Each unit has its own address and APN. 5405 Olmeda is a gorgeous and historic 1918 build. 3 bedrooms, and 3 bath full of light and character! Hiding underneath the existing carpet, you will find the original narrow plank wood flooring; waiting for you to bring some of that history back to life! 5401 #A Olmeda, and 5401 #B Olmeda are both welcoming 2 bedrooms, 2 1/4 bath condos. 5403 Olmeda is a 2 bedroom, 2 bathroom home with large 2 car garage, private side yard space and deck. There is ample off-street parking available for tenants, providing added convenience and peace of mind. Shaded by remarkable big Oak trees, this 20,219 +/- square foot lot is ideally located close to downtown and all that that Atascadero has to offer. Don't miss out on this incredible opportunity to own a piece of the Central Coast! Listing ID#'s PI23027447,PI23027085, PI23027467 are to all be included in this sale.

Last Agent to Sell the Property

Jay Bond

eXp Realty of California, Inc. License #01823529 Listed on: 02/16/2023

eXp Realty of California, Inc.

Co-Listed By

Lucas Dudley

RE/MAX Success License #02097080

Last Buyer's Agent

NONE NONE

None MRML License #N/A

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1990

Lot Details

  • 1 Common Wall
  • 029292042, 029292041, 0292292039, 029292040

Parking

  • 1 Car Garage

Interior Spaces

  • 5,844 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 029292038

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Atnortheast Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $350
  • Trash Expense $4,560
  • Water Sewer Expense $2,887
  • Operating Expense $7,797
  • Gross Income $43,800
  • Net Operating Income $36,003

Property Details

Home Type

Condominium

Year Built

Built in 1990

Lot Details

0.46 Acres

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: ATNortheast(10)
  • Water Sewer Expenses: 2887.00
  • Zoning: MF10
  • Property Sub Type: Condominium
  • Property Type: Residential Income
  • Parcel Number: 029292038
  • Year Built: 1990
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 42.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 4560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 029292042, 029292041, 0292292039, 029292040
  • Land Lease: No
  • Lot Size Sq Ft: 20219.00
  • Lot Size Acres: 0.4642

Multi Family

  • Gross Income: 43800.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 350.00
  • Lot Size Area: 20219.0000 Square Feet
  • Net Operating Income: 36003.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 7797.00
  • Rent Control: No
  • Total Expenses: 7797.00

Tax Info

  • Tax Census Tract: 125.02
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Aug 25, 2023
Sold by
Pearson Mary E
Bought by
Seller's Agent
Jay Bond
eXp Realty of California, Inc.
Buyer's Agent
NONE NONE
None MRML
List Price
$1,400,000
Sold Price
$250,000
Premium/Discount to List
-$1,150,000
-82.14%
Views
20
Current Estimated Value
$455,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,280
Avg. Annual Appreciation
22.03%
Original Mortgage
$240,000
Outstanding Balance
$232,323
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$222,907

Purchase Details

Closed on
Feb 20, 2008
Sold by
Pearson Matthew
Bought by
Pearson Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2004
Sold by
Pearson Mary E
Bought by
Pearson Matthew
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 First American Title
Pearson Mary E $72,500 Fidelity National Title Co
Pearson Matthew -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $240,000
Previous Owner Pearson Mary E $145,000
Previous Owner Pearson Kirk $96,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $250,000 0.0% $43 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
02/23/2023 02/23/23 Off Market $250,000 -- --
02/23/2023 02/23/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $1,400,000 -- $240 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,597 $260,100 $104,040 $156,060
2025 $3,358 $255,000 $102,000 $153,000
2024 $1,897 $250,000 $100,000 $150,000
2023 $1,897 $116,249 $16,873 $99,376
2022 $1,788 $113,971 $16,543 $97,428
2021 $1,685 $111,737 $16,219 $95,518
2020 $1,607 $110,592 $16,053 $94,539
2019 $1,523 $108,425 $15,739 $92,686
2018 $1,457 $106,300 $15,431 $90,869
2017 $1,434 $104,217 $15,129 $89,088
2016 $1,410 $102,175 $14,833 $87,342
2015 $1,392 $100,642 $14,611 $86,031
2014 $1,293 $98,671 $14,325 $84,346
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI23027327

California Regional Multiple Listing Service (CRMLS)

APN: 029-292-038

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