NOT LISTED FOR SALE

550 Riata Ln Nipomo, CA 93444

Estimated Value: $2,354,000 - $2,726,000

3 Beds
3 Baths
3,141 Sq Ft
$817/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $1,700,000 $541 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $15,513/month

43 Days on Market

Highlights

  • Horse Property Unimproved
  • 10.56 Acre Lot
  • Fireplace in Primary Bedroom
  • Private Pool
  • View of Hills
  • Cathedral Ceiling

About This Home

As of June 2019

First time on the market! This 10-acre property in the gated community of Rancho Nipomo won't last long. An entertainer's dream, the outdoor amenities feature a pool with built-in hot-tub, slide, stone waterfall and a pool house, all completed in 2014. The built-in Santa Maria style barbecue pit and large patio area make this the perfect home for indoor/outdoor living. Walk amongst the orchard that includes avocados, figs, limes & lemons. The main home boasts a wonderful open floor plan with a master bedroom suite and separate office on one side of the home, with the two additional bedrooms conveniently located on the opposite side of the home near the kitchen. The home is on 10-acres of flat, usable land with two fenced pastures for horses with corrals in each. The expansive barn is complete with an equipped wood-shop that could easily be converted into a saddle room. This property has been lovingly maintained since the Seller built it. Act quickly before this hidden oasis is gone!

Last Agent to Sell the Property

Michelle Borrero

Melange Properties License #01472639 Listed on: 04/10/2019

Last Buyer's Agent

Kaye Dee Rickerd

RE/MAX Parkside Real Estate License #01947658

RE/MAX Parkside Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,432

Year Built

  • Built in 1996

Lot Details

  • 10.56 Acre Lot
  • Rural Setting
  • Rectangular Lot
  • Level Lot
  • Sprinkler System
  • Density is 6-10 Units/Acre
  • Property is zoned RR

HOA Fees

  • $290 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3,141 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Home Office
  • Workshop
  • Wood Flooring
  • Views of Hills

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Private Pool
  • Waterfall Pool Feature
  • Pool Cover

Utilities

  • Central Heating and Cooling System
  • Shared Well
  • Private Sewer

Additional Features

  • Pasture
  • Horse Property Unimproved

Listing and Financial Details

  • Assessor Parcel Number 090012003

Community Details

Overview

  • Rancho Nipomo Homeowner's Association, Phone Number (805) 489-0864
  • B&W Management HOA
  • Maintained Community

Security

  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,432

Year Built

Built in 1996

Lot Details

0

HOA Fees

$290 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: RR
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 090012003
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3141.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Wet Bar
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room, In Kitchen
  • Fireplace Features: Dining Room, Family Room, Master Bedroom
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 541.23
  • Room Type: All Bedrooms Down, Laundry, Office, Walk-In Closet, Walk-In Pantry, Workshop
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath
  • Room Kitchen Features: Granite Counters, Kitchen Island, Walk-In Pantry

Exterior Features

  • View: Hills
  • Pool Features: Private, Pool Cover, Waterfall
  • Pool Private: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Private Sewer
  • Water Source: Shared Well
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Controlled Access
  • Association Fee: 290.00
  • Association Fee Frequency: Monthly
  • Association Name: Rancho Nipomo Homeowner's Association
  • Phone: 8054890864
  • Senior Community: No
  • Community Features: Rural
  • Association Management: B&W Management

Schools

  • School District: Lucia Mar Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Horse Property Unimproved, Rectangular Lot, Level, Pasture, Sprinkler System
  • Lot Size Sq Ft: 459994.00
  • Lot Size Acres: 10.5600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 459994.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 123.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jun 3, 2019
Sold by
Silva Manuel F and Silva Fmtr Nancy
Bought by
Hall Michael H and Hall Wendy H
Seller's Agent
Michelle Borrero
Melange Properties
Buyer's Agent
Kaye Dee Rickerd
RE/MAX Parkside Real Estate
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%
Current Estimated Value
$2,565,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$865,850
Avg. Annual Appreciation
6.65%
Original Mortgage
$300,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2010
Sold by
Silva Manuel F and Silva Nancy L
Bought by
Silva Manuel F and Silva Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2008
Sold by
Silva Manuel F and Silva Nancy L
Bought by
Silva Manuel F and Silva Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 22, 2008
Sold by
Silva Manuel F and Silva Nancy L
Bought by
Silva Manuel F and Silva Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 1995
Sold by
Silva Manuel F and Silva Nancy L
Bought by
Silva Manuel F and Silva Nancy L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hall Michael H $1,700,000 First American Title Company
Silva Manuel F -- Accommodation
Silva Manuel F -- Fidelity National Title Co
Silva Manuel F -- Accommodation
Silva Manuel F -- Cuesta Title
Silva Manuel F -- Chicago Title Co
Silva Manuel F -- Chicago Title Co
Silva Manuel F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Michael H $300,000
Previous Owner Silva Manuel F $295,000
Previous Owner Silva Manuel F $500,000
Previous Owner Silva Manuel F $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2019 06/18/19 Sold $1,700,000 -19.0% $541 / Sq Ft
04/10/2019 04/10/19 For Sale $2,100,000 -- $669 / 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 $19,432 $1,896,377 $669,309 $1,227,068
2024 $19,208 $1,859,194 $656,186 $1,203,008
2023 $19,208 $1,822,740 $643,320 $1,179,420
2022 $18,917 $1,787,001 $630,706 $1,156,295
2021 $18,881 $1,751,963 $618,340 $1,133,623
2020 $18,664 $1,734,000 $612,000 $1,122,000
2019 $9,793 $900,897 $228,188 $672,709
2018 $9,675 $883,233 $223,714 $659,519
2017 $9,493 $865,916 $219,328 $646,588
2016 $8,951 $848,938 $215,028 $633,910
2015 $8,822 $836,188 $211,799 $624,389
2014 $6,443 $623,560 $207,651 $415,909
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michelle Borrero

    Melange Properties

    (805) 459-5289

    2 Total Sales

    Michelle Borrero
    Section Image
  • Kaye Dee Rickerd

    Buyer's Agent in 2019

    Kaye Dee Rickerd

    RE/MAX

    (805) 234-5188

    32 Total Sales

    Kaye Dee Rickerd
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP19078461

California Regional Multiple Listing Service (CRMLS)

APN: 090-012-003

California San Luis Obispo County Nipomo 93444

550 Riata Ln, Nipomo, CA

This home is located at 550 Riata Ln, Nipomo, CA 93444 since 10 April 2019 and is currently estimated at $2,565,850, approximately $816 per square foot. This property was built in 1996. 550 Riata Ln is a home located in San Luis Obispo County with nearby schools including Nipomo Elementary School, Mesa Middle School, and Nipomo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes