NOT LISTED FOR SALE

Estimated Value: $1,135,000 - $1,400,000

0.18 Acre
$7,084,947 Price per Acre
7,838 Sq Ft Lot

Last Sold May 05, 2021

Last sale price $320,000

Est. 298% increase in value since last sale

Current estimated payment $7,963/month

41 Days on Market

Highlights

  • Panoramic View
  • Hiking Trails
  • Foothills
  • Sinsheimer Elementary School Rated A
  • Cul-De-Sac

About This Lot

As of May 2021

Don't miss this Shovel & Permit ready and Best PRICED piece of land in the heart of the City of SLO! Wonderful opportunity to build the home of your dreams in the desirable Railroad District & Banana Belt microclimate. Use the current approved plans or build the home of your dreams. Located on a quiet cul-de-sac with views of Cerro San Luis & Bishops peak, this 7,841 square foot lot is ready with plans by Ryan Brockett of Brockitecture to build a fabulous 2 bed, 2 bath + den home with a separate guest house - perfect for multi-generational families or rental income. The rear of the property backs to the Terrace Hill open space providing additional seclusion and peacefulness. Walking distance to walking and hiking paths, Downtown SLO, wonderful restaurants, shopping and world famous Farmer's Market, hospitals and schools. Minutes to fabulous beaches, wine tasting and more. All soil reports, civil and structural engineering plans are complete. Don’t miss this fantastic opportunity!

Last Agent to Sell the Property

Lindsey Harn

Christie's International Real Estate Sereno License #01868098 Listed on: 01/20/2021

Christie's International Real Estate Sereno

Last Buyer's Agent

Lindsey Harn

Christie's International Real Estate Sereno License #01868098 Listed on: 01/20/2021

Christie's International Real Estate Sereno

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,489

Lot Details

  • 7,838 Sq Ft Lot
  • Cul-De-Sac
  • Property is zoned R2

HOA Fees

  • $75 Monthly HOA Fees

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Hills
  • Neighborhood

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 17 / 11
  • Assessor Parcel Number 003661034

Community Details

Overview

  • Slo Terrace Homeowners Association, Phone Number (805) 545-7600
  • Aurora Property Management HOA
  • San Luis Obispo Subdivision
  • Foothills

Recreation

  • Hiking Trails
  • Bike Trail
  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$11,489

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Subdivision Name Other: San Luis Obispo(380)
  • View: Yes
  • Zoning: R2
  • Property Type: Land
  • Parcel Number: 003661034
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 40.83

Exterior Features

  • View: City Lights, Hills, Mountain(s), Neighborhood, Panoramic

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 75.00
  • Association Fee Frequency: Monthly
  • Association Name: SLO Terrace Homeowners Association
  • Phone: 805-545-7600
  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Hiking, Sidewalks, Storm Drains, Street Lights, Suburban
  • Association Management: Aurora Property Management

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7838.00
  • Lot Size Acres: 0.1799

Multi Family

  • Lot Size Area: 7838.0000 Square Feet

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 110.02
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2024
Sold by
Levanway Family Trust and Levanway Russell
Bought by
Levanway Russell
Current Estimated Value
$1,274,582

Purchase Details

Listed on
Jan 20, 2021
Closed on
Mar 26, 2021
Sold by
Hewell-Schutz Family Trust and Schutz Jason R
Bought by
Hewell-Schutz Family Trust and Levanway
Seller's Agent
Lindsey Harn
Christie's International Real Estate Sereno
Buyer's Agent
Lindsey Harn
Christie's International Real Estate Sereno
List Price
$329,000
Sold Price
$320,000
Premium/Discount to List
-$9,000
-2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.94%

Purchase Details

Closed on
Mar 3, 2021
Sold by
Schutz Jason R and Hewell Kaitlin M
Bought by
Levanway Russell Peter and Levanway Sarah Beth

Purchase Details

Closed on
Dec 4, 2019
Sold by
Hewell Kaitlin M
Bought by
Schutz Jason R and Hewell Kaitlin M

Purchase Details

Listed on
Jul 31, 2018
Closed on
Sep 5, 2018
Sold by
Montgomery Isaac and Zamora Cacho Marco Antonio
Bought by
Hewell Kaitlin and Kaitlin Marie Hewell Living Tr
Seller's Agent
Evan Peterson
Oak & Roots Real Estate Group
Buyer's Agent
Jeff Gibbs
Keller Williams Realty Central Coast
List Price
$239,000
Sold Price
$224,000
Premium/Discount to List
-$15,000
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.29%

Purchase Details

Listed on
Nov 28, 2017
Closed on
Jan 8, 2018
Sold by
Mongomery Anna
Bought by
Montgomery Isaac
Seller's Agent
Andrew Richardson
Richardson Sotheby's International Realty
Buyer's Agent
Andrew Richardson
Richardson Sotheby's International Realty
List Price
$199,000
Sold Price
$189,000
Premium/Discount to List
-$10,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.81%

Purchase Details

Listed on
Nov 28, 2017
Closed on
Jan 1, 2018
Sold by
Fueled Visions Llc
Bought by
Montgomery Issac and Zamora Cacho Marco Antonio
Seller's Agent
Andrew Richardson
Richardson Sotheby's International Realty
Buyer's Agent
Andrew Richardson
Richardson Sotheby's International Realty
List Price
$199,000
Sold Price
$189,000
Premium/Discount to List
-$10,000
-5.03%
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
Levanway Russell -- None Listed On Document
Hewell-Schutz Family Trust $320,000 Fidelity National Title
Levanway Russell Peter $320,000 Fidelity National Title Co
Schutz Jason R -- None Available
Hewell Kaitlin M -- None Available
Hewell Kaitlin $224,000 First American Titleco
Montgomery Isaac -- First American Title Co
Montgomery Issac $189,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levanway Russell Peter $1,074,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2021 05/05/21 Sold $320,000 -2.7% --
03/02/2021 03/02/21 Pending -- -- --
01/20/2021 01/20/21 For Sale $329,000 +46.9% --
10/15/2018 10/15/18 Sold $224,000 -6.3% --
08/31/2018 08/31/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $239,000 +26.5% --
01/18/2018 01/18/18 Sold $189,000 -5.0% --
12/15/2017 12/15/17 Pending -- -- --
11/28/2017 11/28/17 For Sale $199,000 -- --
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 $11,489 $1,060,377 $412,677 $647,700
2024 $5,093 $1,039,586 $404,586 $635,000
2023 $5,093 $460,128 $332,928 $127,200
2022 $3,627 $342,700 $326,400 $16,300
2021 $2,452 $230,847 $230,847 $0
2020 $2,427 $228,480 $228,480 $0
2019 $2,402 $224,000 $224,000 $0
2018 $1,094 $102,000 $102,000 $0
2017 $1,072 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP21011135

California Regional Multiple Listing Service (CRMLS)

APN: 003-661-034