112 W Price, Nipomo, California 93444, Nipomo, 93444 - 3 bed, 2 bath
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112 W Price
Nipomo, California 93444
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,584Sq Ft
12,500Lot Size
Property Price
LIST PRICE$700,000
EST. MARKET VALUE
$714,226
SUMMARY
This vintage property presents a High-Potential Investment Opportunity with a List Price of $700,000—positioned well below the $714,227 Fair Market Value by 2%. This valuation gap offers $14,227 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization of its century-old infrastructure. The expansive 12,500 sq ft lot provides significant upside for ADU development or landscaping. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime, walkable downtown Nipomo location.
Estimated Market Value
$714,226
Based on Realkey algorithm analyzing recent comparable sales in Nipomo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 112 W Price Subject | $700,000* List Price | 3 | 2 | 1,584 | $451 | - |
A 192 E. Branch Street E Sold | $630,000 | 3 | 2 | 1,440 | $438 | 0.3 mi |
B 256 E Price. Sold | $710,000 | 3 | 2 | 1,825 | $389 | 0.4 mi |
C 260 Beechnut Sold | $861,500 | 4 | 2 | 1,925 | $448 | 0.5 mi |
D 124 W Chestnut Street W Sold | $775,000 | 3 | 3 | 1,615 | $480 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1926, this 100-year-old 'vintage' home shows signs of cosmetic interior updates such as laminate flooring and paint, but the exterior siding, windows, and systems appear dated. The listing's description as an 'open canvas' and the weathered exterior suggest the property requires modernization and minor repairs to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12500, living area = 1584.
- Expansive Lot Size
The property boasts a generous 12,500 sq ft lot, offering a rare 'open canvas' in a downtown setting for gardening, outdoor recreation, or potential ADU development.
- Prime Walkable Location
Ideally situated in downtown Nipomo, the home is within walking distance to elementary schools, local markets, and iconic dining like Jocko’s Steakhouse, providing excellent lifestyle convenience.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Given the 1926 construction date, the property likely requires significant maintenance or modernization of core systems like electrical, plumbing, and insulation to meet current standards.
- Lack of Scenic Views
The listing indicates no specific views, which may be a disadvantage for buyers looking for the coastal or hillside vistas often associated with Central Coast real estate.
About 112 W Price
Nostalgic vintage home in downtown Nipomo. On a large lot with a cottage vibe and lots of privacy. Home offers 3 bedrooms and 2-bath with detached shed. This home is in walking distance to elementary school, local markets and famous Jockos steakhouse. Located right off Thompson Rd that allows quick access to back roads and 101 freeway. This community not only has the best climate but is family friendly, with good schools, community park & skate park, many local vendors offering from home made goods to floral stands. You can head 15-20 min north and hit the beach or 15 min south and find a Cosco. This unique home is ideal for those that love to be in their yard. This 12,000 sq ft lot is an open canvas to make your own while enjoying all the spaces the current owner has created with grape vines, wood playhouse, front yard courtyard space. This home is a must see in person in order to take in all the possibilities and property features.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 12,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,584 | 1,924.209 |
| Lot Size | 12,500 | 8,253.721 |
| Price | $700.0K | $1.07M |
| Price per sq ft | $442 | $513 |
| Built year | 1926 | 2001 |
| HOA | $0 | $368 |
| Days on market | 22 | 57 |
Pricing History
Listed for Sale
Aug 18, 2026
$700,000
Initial Listing
Sold
Sep 15, 2000
$141,000
Public Record
Sold
Jul 3, 1995
$120,000
Public Record