NOT LISTED FOR SALE

Estimated Value: $916,000 - $1,051,000

3 Beds
1 Bath
1,132 Sq Ft
$876/Sq Ft Est. Value

Last Sold February 08, 2024

Last sale price $826,888 $730 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,454/month

4 Days on Market

Highlights

  • View of Hills
  • Corner Lot
  • Laundry Room
  • Bishop's Peak Elementary School Rated A
  • No HOA
  • 1-Story Property

About This Home

As of February 2024

Incredible Fixer Upper Opportunity in a Prime SLO Location!

Nestled just a few blocks away from the 101, at the foothills of Cerro San Luis, discover a 1926 Bungalow overflowing with charm and character. Positioned perfectly to capture panoramic views, this hidden gem awaits your creative touch.

The 7500 square foot property currently features a duplex and a detached garage, albeit in dire condition, possibly necessitating a complete teardown. Comprehensive reports and studies geared towards the property's reconstruction will be made available soon. Noteworthy upgrades, such as electrical service enhancements and partial curbing, have already been executed.

Step into the vintage bungalow through its inviting glass-enclosed porch, offering stunning views of the San Luis Obispo hills and mountains. Inside, the original hardwood flooring and built-ins set the stage for your renovation. Boasting approximately 1132 square feet, 2 bedrooms, a full bath, indoor laundry adjacent to the kitchen, and a spacious living room and dining area (with the dining room having previously served as a third bedroom), this residence is brimming with potential.

Behind the bungalow is the duplex, each side with 1 bedroom and 1 bath & at the rear of the lot a single car detached garage. The age of theses structures is unknown, and are not in habitable condition.

Conveniently located within walking distance of restaurants, shopping, and the Cerro San Luis trail, this property is at the heart of it all. The surrounding neighborhood is highly sought after, predominantly featuring upscale residences.

What's your vision for this remarkable property? Envision renovating the bungalow and relishing an expansive yard in this extraordinary neighborhood. Perhaps transform the bungalow into an Accessory Dwelling Unit (ADU) while you construct your dream home?

Call today for your showing or take your tour here: https://vid.us/frbao9

Last Agent to Sell the Property

Heather Roda

Platinum Properties License #01353261 Listed on: 01/13/2024

Co-Listed By

Jennifer Dawson

Platinum Properties License #01967230

Last Buyer's Agent

Heather Roda

Platinum Properties License #01353261 Listed on: 01/13/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $570

Year Built

  • Built in 1926

Lot Details

  • 7,500 Sq Ft Lot
  • Corner Lot
  • Property is zoned R1

Parking

  • 1 Car Garage

Property Views

  • Hills
  • Neighborhood

Interior Spaces

  • 1,132 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Bathroom

Community Details

  • No Home Owners Association
  • San Luis Obispo Subdivision

Listing and Financial Details

  • Legal Lot and Block 6 / 6
  • Assessor Parcel Number 001182002

Home Details

Home Type

Single Family

Est. Annual Taxes

$570

Year Built

Built in 1926

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 001182002
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1132.00 Square Feet
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full And Three Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 730.47
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Hills, Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7500.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 112.02
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
John Rourke Separate Property Trust and Rourke John
Bought by
Rourke Michael
Current Estimated Value
$992,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$990,221
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$1,919

Purchase Details

Listed on
Jan 13, 2024
Closed on
Jan 24, 2024
Sold by
Kimberly Joy Snyder Living Trust
Bought by
John Rourke Separate Property Trust and Rourke
Seller's Agent
Heather Roda
Platinum Properties
Buyer's Agent
Heather Roda
Platinum Properties
List Price
$699,000
Sold Price
$826,888
Premium/Discount to List
$127,888
18.3%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%
Original Mortgage
$744,100
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2016
Sold by
Snyder Kimberly Joy
Bought by
Snyder Kimberly Joy and Kimberly Joy Snyder Living Tru

Purchase Details

Closed on
Apr 29, 2016
Sold by
Snyder Bonnie L
Bought by
Snyder Kimberly Joy
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rourke Michael $1,000,000 First American Title
John Rourke Separate Property Trust $827,000 First American Title
Snyder Kimberly Joy -- None Available
Snyder Kimberly Joy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rourke Michael $1,000,000
Previous Owner John Rourke Separate Property Trust $744,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2024 02/08/24 Sold $826,888 +18.3% $730 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $699,000 -- $617 / 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 $570 $1,000,000 $650,000 $350,000
2024 $558 $58,535 $21,622 $36,913
2023 $558 $57,389 $21,199 $36,190
2022 $521 $56,265 $20,784 $35,481
2021 $512 $55,163 $20,377 $34,786
2020 $506 $54,599 $20,169 $34,430
2019 $499 $53,529 $19,774 $33,755
2018 $488 $52,481 $19,387 $33,094
2017 $477 $51,453 $19,007 $32,446
2016 $541 $50,445 $18,635 $31,810
2015 $533 $49,689 $18,356 $31,333
2014 $489 $48,717 $17,997 $30,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NS23224288

California Regional Multiple Listing Service (CRMLS)

APN: 001-182-002