NOT LISTED FOR SALE

655 Rancho Oaks Dr San Luis Obispo, CA 93401

Estimated Value: $2,314,000 - $2,876,000

7 Beds
4 Baths
4,053 Sq Ft
$633/Sq Ft Est. Value

Last Sold March 19, 2013

Last sale price $1,062,000 $262 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $15,317/month

43 Days on Market

Highlights

  • Private Pool
  • 5.19 Acre Lot
  • Laundry Room
  • Los Ranchos Elementary School Rated A
  • Separate Outdoor Workshop
  • Agricultural

About This Home

As of March 2013

Marketing Remarks: Located in one of San Luis Obispo Most Desirable Areas. This very unique property offers a large 7 bedroom home with 4 bathrooms. The main home also features two Kitchens and could be rented as two units or use one as guest quarters. The 220 sf. enclosed front porch and protected back patio gives the owner many ways to enjoy the fantastic outdoor atmosphere. The pool which is surrounded by the back patio, offers privacy and a gas/solar assisted heating system. The 10 mobile home spaces are located discreetly below the residence and do not impair the view. The mobile home park is under rent control and historically has had very low vacancy, providing steady space rent income. Rental income from the mobile homes produced $4,710 a month ($56,520 annually) in 2011. Dependable income, with a rural setting and still only 5 minutes to town!

Last Agent to Sell the Property

Adam Quaglino

McNamara Real Estate License #01864803 Listed on: 12/06/2012

Last Buyer's Agent

Amy Daane

The Avenue Central Coast Realty, Inc. License #01902657

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,325

Year Built

  • Built in 1963

Lot Details

  • 5.19 Acre Lot
  • Property fronts a private road
  • Rural Setting
  • Paved or Partially Paved Lot

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,053 Sq Ft Home
  • Central Vacuum
  • Ceiling Fan
  • Laundry Room

Parking

  • Parking Available
  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Private Pool
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Shed

Farming

  • Agricultural

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Cable TV Available

Community Details

Overview

  • 12 Units
  • Greenbelt

Building Details

  • Net Operating Income $63,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,325

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Road Frontage Type: Private Road
  • Well Report: Yes
  • Zoning: RMF,RRUR,COMR,COM
  • Property Type: Residential Income
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Vacuum Central
  • Levels: Two
  • Price Per Square Foot: 262.03

Exterior Features

  • Foundation: Slab, Raised
  • Other Structures: Shed(s), Workshop
  • Pool Private: Yes
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site, Street

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air, Propane
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Rural, Street Lights

Lot Info

  • Lot Features: Agricultural - Vine/Vineyard, Greenbelt, Paved
  • Lot Size Sq Ft: 226076.00
  • Lot Size Acres: 5.1900

Multi Family

  • Lot Size Area: 5.1900 Acres
  • Net Operating Income: 63442.00
  • Number Of Units Total: 12
  • Operating Expense: 33108.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Reed Shawn K and Reed Karen K
Bought by
Reed Living Trust
Current Estimated Value
$2,564,286

Purchase Details

Closed on
Oct 22, 2018
Sold by
Reed Shawn K and Reed Karen K
Bought by
Reed Shawn K and Reed Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 22, 2017
Sold by
Reed Shawn K and Reed Karen K
Bought by
Reed Shawn K and Reed Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 19, 2015
Sold by
Reed Shawn K and Reed Karen K
Bought by
Reed Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 6, 2012
Closed on
Feb 4, 2013
Sold by
Scattaglia Frances M
Bought by
Reed Shawn K and Reed Karen K
Seller's Agent
Adam Quaglino
McNamara Real Estate
Buyer's Agent
Amy Daane
The Avenue Central Coast Realty, Inc.
List Price
$1,195,000
Sold Price
$1,062,000
Premium/Discount to List
-$133,000
-11.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$528,000
Interest Rate
3.53%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 17, 2009
Sold by
Scattaglia Frances M
Bought by
Scattaglia Frances M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2008
Sold by
Yoo Ohjin
Bought by
Scattaglia Frances M

Purchase Details

Closed on
Sep 20, 2007
Sold by
Reynolds Jeannette C and Reynolds Russell J
Bought by
Yoo Ohjin

Purchase Details

Closed on
Sep 7, 2005
Sold by
Raig Ethel M
Bought by
Reynolds Russell J and Reynolds Jeannette C

Purchase Details

Closed on
Jul 16, 2004
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2001
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.87%

Purchase Details

Closed on
Nov 6, 2001
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.87%

Purchase Details

Closed on
Feb 1, 2000
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
7.12%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.87%

Purchase Details

Closed on
Jan 15, 1998
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Purchase Details

Closed on
Jul 30, 1997
Sold by
Raig Ethel M
Bought by
Raig Ethel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.25%

Purchase Details

Closed on
Jul 28, 1995
Sold by
Raig Ethel M
Bought by
Raig Ethel M
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
Reed Living Trust -- Accommodation/Courtesy Recordi
Reed Shawn K -- Accommodation
Reed Shawn K -- Fidelity National Title
Reed Shawn K -- Accommodation
Reed Shawn K -- Fidelity National Title
Reed Living Trust -- Fidelity National Title
Reed Shawn K -- Fidelity National Title Co
Reed Shawn K $1,062,000 Fidelity National Title Co
Scattaglia Frances M -- First American Title
Scattaglia Frances M $1,300,000 None Available
Yoo Ohjin $1,340,000 Cuesta Title
Reynolds Russell J -- Cuesta Title Company
Raig Ethel M -- First American Title Company
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- --
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- Chicago Title Co
Raig Ethel M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed Shawn K $235,000
Previous Owner Reed Shawn K $125,000
Previous Owner Reed Shawn K $598,000
Previous Owner Reed Shawn K $80,000
Previous Owner Reed Shawn K $528,000
Previous Owner Scattaglia Frances M $600,000
Previous Owner Scattaglia Frances M $225,000
Previous Owner Reynolds Russell J $30,000
Previous Owner Raig Ethel M $550,000
Previous Owner Raig Ethel M $337,500
Previous Owner Raig Ethel M $319,200
Previous Owner Raig Ethel M $248,000
Previous Owner Raig Ethel M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2013 03/19/13 Sold $1,062,000 -11.1% $262 / Sq Ft
01/18/2013 01/18/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $1,195,000 -- $295 / 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 $15,325 $1,421,547 $677,278 $744,269
2024 $15,046 $1,393,675 $663,999 $729,676
2023 $15,046 $1,366,349 $650,980 $715,369
2022 $14,102 $1,339,559 $638,216 $701,343
2021 $13,876 $1,313,294 $625,702 $687,592
2020 $13,733 $1,299,829 $619,287 $680,542
2019 $13,589 $1,274,344 $607,145 $667,199
2018 $12,431 $1,166,358 $595,241 $571,117
2017 $12,007 $1,126,822 $583,570 $543,252
2016 $11,770 $1,104,728 $572,128 $532,600
2015 $11,590 $1,088,135 $563,535 $524,600
2014 $10,641 $1,066,821 $552,497 $514,324
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Adam Quaglino

    McNamara Real Estate

  • Amy Daane

    Buyer's Agent in 2013

    Amy Daane

    The Avenue Central Coast Realty, Inc.

    (805) 234-0621

    88 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC191966

California Regional Multiple Listing Service (CRMLS)

APN: 076-142-029

California San Luis Obispo County San Luis Obispo 93401

655 Rancho Oaks Dr, San Luis Obispo, CA

This home is located at 655 Rancho Oaks Dr, San Luis Obispo, CA 93401 since 06 December 2012 and is currently estimated at $2,564,286, approximately $632 per square foot. This property was built in 1963. 655 Rancho Oaks Dr is a home located in San Luis Obispo County with nearby schools including Los Ranchos Elementary School, Laguna Middle School, and San Luis Obispo 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

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