Seller's Agent in 2022
Chris Richardson
Richardson Sotheby's International Realty
(805) 781-6040
12 in this area
129 Total Sales
564 Higuera St San Luis Obispo, CA 93401
Downtown San Luis Obispo NeighborhoodEstimated Value: $2,934,237
0.51
Acre
$5,753,406
Price per Acre
22,216
Sq Ft Lot
Highlights
- City Lights View
- 0.51 Acre Lot
- Level Lot
- Laguna Middle School Rated A
- No HOA
- 5-minute walk to Emerson Park
About This Lot
As of August 2022Rare and exciting development opportunity in Downtown San Luis Obispo. This ½ acre parcel, zoned Commercial Downtown, is entitled for 36 residential apartment units known as the Creamery Lofts. The property is ideally located behind the newly renovated Creamery Marketplace. Entitlement plan set, design development plan set, and an extensive due diligence package are available for qualified buyers to review. The property is within walking distance of Thursday night Farmer’s Market and the incredible assortment of Downtown shopping and restaurants. Properties like this rarely come available. You won’t want to miss this opportunity to own and develop a piece of history in Downtown San Luis Obispo.
Last Listed By
Richardson Sotheby's International Realty License #01200458 Listed on: 09/02/2021
Property Details
Property Type
- Land
Est. Annual Taxes
- $27,949
Lot Details
- 0.51 Acre Lot
- Level Lot
- Flag Lot
- Property is zoned CD
Property Views
- City Lights
- Mountain
Location
- Urban Location
Utilities
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
- San Luis Obispo Subdivision
Listing and Financial Details
- Assessor Parcel Number 002402048
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2022
Sold by
Slo Management Llc
Bought by
Creamery Lofts Llc
Total Days on Market
91
Current Estimated Value
Purchase Details
Listed on
Sep 2, 2021
Closed on
Aug 25, 2022
Sold by
Gom Properties Llc
Bought by
Slo Management Llc
Seller's Agent
Chris Richardson
Richardson Sotheby's International Realty
Buyer's Agent
Aaryn Abbott
Abbott | Reed Inc.
List Price
$3,250,000
Sold Price
$2,525,000
Premium/Discount to List
-$725,000
-22.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Purchase Details
Closed on
Dec 5, 2017
Sold by
Covelop Holdings Llc
Bought by
Gom Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.9%
Mortgage Type
Unknown
Purchase Details
Closed on
Dec 9, 2015
Sold by
Rossi Robin L and Robin L Rossi Living Trust
Bought by
Creekside Lofts Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 30, 2014
Sold by
Scanlin Donald G and Scanlin Ann L
Bought by
Rossi Robin L and Robin L Rossi Living Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Creamery Lofts Llc | $2,525,000 | First American Title | |
| Slo Management Llc | $2,525,000 | New Title Company Name | |
| Gom Properties Llc | $1,226,000 | First American Title Company | |
| Creekside Lofts Lp | -- | None Available | |
| Rossi Robin L | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Creamery Lofts Llc | $8,900,000 | |
| Previous Owner | Creekside Lofts Lp | $50,000 | |
| Previous Owner | Creekside Lofts Lp | $450,000 | |
| Previous Owner | Rossi Robin L | $175,000 | |
| Previous Owner | Rossi Robin L | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2022 08/29/22 | Sold | $2,525,000 | -22.3% | -- |
| 12/02/2021 12/02/21 | Pending | -- | -- | -- |
| 09/02/2021 09/02/21 | For Sale | $3,250,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $27,949 | $3,295,500 | $2,575,500 | $720,000 |
| 2023 | $27,949 | $2,525,000 | $2,525,000 | $0 |
| 2022 | $13,488 | $1,274,585 | $1,274,585 | $0 |
| 2021 | $13,274 | $1,249,594 | $1,249,594 | $0 |
| 2020 | $13,138 | $1,236,781 | $1,236,781 | $0 |
| 2019 | $13,001 | $1,212,531 | $1,212,531 | $0 |
| 2018 | $12,746 | $670,017 | $670,017 | $0 |
| 2017 | $7,043 | $656,880 | $656,880 | $0 |
| 2016 | $4,195 | $391,253 | $391,253 | $0 |
| 2015 | $2,688 | $250,750 | $250,750 | $0 |
| 2014 | $2,468 | $245,839 | $245,839 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Richardson
-
Kristen Gentry
Seller Co-Listing Agent in 2022
Kristen Gentry
Richardson Sotheby's International Realty
(805) 441-4618
4 in this area
127 Total Sales
-
Aaryn Abbott
A
Buyer's Agent in 2022
Aaryn Abbott
Abbott | Reed Inc.
(805) 543-7277
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI21187753
APN: 002-402-048
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.
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
- 973 Higuera St
- 581 Higuera St Unit 208
- 570 Peach St Unit 31
- 1415 Morro St Unit 7
- 1328 Morro St Unit 130
- 750 Chorro St Unit 5
- 1427 Beach St
- 881 Peach St Unit A
- 680 Chorro St Unit 18
- 790 Islay St
- 1520 Beach St
- 389 Pismo & 1417 Carmel
- 871 Islay St
- 652 Morro St
- 667 Hill St
- 879 Walnut St
- 1700 Osos St
- 783 Toro St
- 779 Toro St
- 1811 Chorro St
- 564 Higuera St
- 699 Higuera St
- 712 Higuera St
- 691 Higuera St
- 1115 Broad St
- 714 Higuera St
- 716 Higuera St
- 698 Higuera St
- 705 Higuera St
- 690 Higuera St
- 715 Higuera St
- 697 Higuera St
- 697 Higuera St Unit I
- 717 Higuera St
- 719 Higuera St
- 726 Higuera St
- 1040 Broad St
- 685 Higuera St
- 675 Higuera St
- 1130 Broad St Unit 202