
Paso Robles, California 93446
This property presents a High-Potential Investment Opportunity with a List Price of $489,000—positioned well above the $413,530 Fair Market Value by 18%. While the property requires cosmetic updates, its Fair Condition Rating and prime location near Daniel Lewis Middle School and local dining offer significant upside. The Oak Meadows development provides community amenities like a pool and clubhouse for a low monthly fee. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a walkable Paso Robles neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1322 Buttercup Lane Subject 2 bd · 1 ba · 824 sqft · $502 | $489,000* List Price | 2 | 1 | 824 | $502 | - |
A 1318 Oleander Lane Sold 2 bd · 2 ba · 902 sqft · $560 · 0.1 mi | $505,500 | 2 | 2 | 902 | $560 | 0.1 mi |
B 614 Brookhill Drive Sold 2 bd · 2 ba · 1,088 sqft · $441 · 0.8 mi | $480,000 | 2 | 2 | 1,088 | $441 | 0.8 mi |
C 1745 Kings Active 2 bd · 1 ba · 883 sqft · $441 · 0.9 mi | $389,000 List Price | 2 | 1 | 883 | $441 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983 (43 years old), the property is dated and requires cosmetic updates and landscaping ('freshen up the decor') to be modernized. While aged beyond 20 years, the description suggests it is a functional starter home rather than a distressed rehab project.
Situated just a block from grocery stores, Starbucks, and popular local dining, this home offers exceptional convenience and high walkability for daily errands.
Located in the Oak Meadows development, residents enjoy access to a clubhouse and pool for a modest $111 monthly fee, adding significant lifestyle value.
Priced under $500,000, this property serves as an ideal entry-level starter home, a low-maintenance down-size option, or a high-potential rental investment.
With only 824 square feet and a single bathroom, the compact footprint may be restrictive for growing families or those requiring a dedicated home office.
The property requires interior freshening and yard work to reach its full potential, suggesting immediate post-purchase effort or additional capital investment.
Quaint 2-bedroom, single-bath home in the popular Oak Meadows development. This is a great starter home, investment property, or down-size opportunity. Add your personal touches to the yard and freshen up the decor to make it sparkle. The clubhouse & pool are just down the street for your use. About a block from grocery shopping, Starbucks, Paso Pizza Kitchen, Brothers Cafe, and other very good restaurants, just down the street from Daniel Lewis Middle School.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 824 | 1,827.602 |
| Lot Size | 3,000 | 8,814.944 |
| Price | $489.0K | $812.6K |
| Price per sq ft | $593 | $445 |
| Built year | 1983 | 1990 |
| HOA | $111.0 | $186 |
| Days on market | 44 | 66 |
Sep 10, 2026
$489,000
Initial Listing
Jan 14, 1994
$80,000
Public Record