$475,000
SOLD MAY 12, 2025
4 Beds
2 Baths
1,591 Sq Ft
21,780 Sq Ft Lot

Recently Sold

$299 Per Sq Ft

27% Below List Price

371 Days on Market

Highlights

  • View of Trees or Woods
  • 0.5 Acre Lot
  • Corner Lot
  • Paso Robles High School Rated A-
  • Attic
  • Private Yard

About This Home

As of May 2025

**INVESTORS AND DEVELOPERS** 0.5-acre lot with 2 HOMES, both consisting of 2 bedrooms and 1 bathroom! Situated in a prime location and zoned recreational, this property offers a multitude of possibilities. The two existing homes do require some tender loving care (TLC), their potential is boundless. Alternatively, for those with grander ambitions, the option to develop 7 units awaits. With the appropriate permits and vision, this lot could be transformed into a thriving community hub. Whether you choose to add accessory dwelling units (ADUs) to the existing homes or embark on a larger-scale development project, the profit potential is immense. Adding to the appeal of this property is its location amidst a neighborhood of newly developed homes. As the area continues to grow and evolve, seize this opportunity to capitalize on the real estate market in San Miguel! Whether you're a seasoned investor or a budding developer, this property offers endless possibilities for growth and success. Schedule a viewing today and unlock the potential of this remarkable investment opportunity!

Last Agent to Sell the Property

Hannah Kraft

Invest SLO Brokerage Phone: 805-478-0892 License #02177746 Listed on: 04/18/2024

Co-Listed By

Abel Contreras

Invest SLO Brokerage Phone: 805-478-0892 License #02062620

Last Buyer's Agent

Stacia Shepherd

eXp Realty of Greater Los Angeles, Inc. License #01973212

eXp Realty of Greater Los Angeles, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.5 Acre Lot
  • Fenced
  • Fence is in excellent condition
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Flag Lot
  • Private Yard
  • Back Yard
  • Density is 6-10 Units/Acre
  • Value in Land
  • On-Hand Building Permits

Property Views

  • Woods
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Unfinished Walls
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Partial Copper Plumbing
  • Plaster

Interior Spaces

  • 1,591 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Wood Frame Window
  • Living Room
  • Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Gravel Driveway
  • Driveway Level

Accessible Home Design

  • Accessible Parking

Utilities

  • Heating System Uses Propane
  • Wall Furnace
  • Overhead Utilities
  • Propane
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 021401008

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.5 Acres

Listing Details

  • Property Attached: No
  • View: Yes
  • Architectural Style: Ranch
  • Property Condition: Building Permit
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 021401008
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Copper Plumbing Partial, Unfinished Walls, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 298.55
  • Room Type: All Bedrooms Down, Attic, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Slab
  • View: Neighborhood, Trees/Woods
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete, Plaster, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway, Gravel, Driveway Level

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Propane, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Electricity - On Property
  • Heating Type: Propane, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Back Yard, Corner Lot, Level with Street, Lot 20000-39999 Sqft, Flag Lot, Rectangular Lot, Level, Utilities - Overhead, Value In Land, Yard
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000

Multi Family

  • Lot Size Area: 0.5000 Acres
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 100.16
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Sold $475,000 -15.9% $299 / Sq Ft
03/18/2025 03/18/25 Price Changed $565,000 -9.6% $355 / Sq Ft
08/13/2024 08/13/24 Price Changed $625,000 -3.8% $393 / Sq Ft
04/18/2024 04/18/24 For Sale $650,000 -- $409 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $391 $37,650 $8,263 $29,387
2024 $425 $36,912 $8,101 $28,811
2023 $425 $36,190 $7,943 $28,247
2022 $448 $35,482 $7,788 $27,694
2021 $441 $34,787 $7,636 $27,151
2020 $437 $34,431 $7,558 $26,873
2019 $429 $33,757 $7,410 $26,347
2018 $422 $33,096 $7,265 $25,831
2017 $462 $32,448 $7,123 $25,325
2016 $453 $31,813 $6,984 $24,829
2015 $445 $31,337 $6,880 $24,457
2014 $429 $30,724 $6,746 $23,978
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24070264

California Regional Multiple Listing Service (CRMLS)
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