
Atascadero, California 93422
This Spacious Single-Level Ranchette is a Strong Value Opportunity, listed at $989,000—positioned well below the $1,084,290 Fair Market Value by 8%. This valuation gap offers $95,290 in Instant Equity for buyers. While currently holding a Fair Condition Rating, the home features a Granite Kitchen, Vaulted Ceilings, and a Private Pool on 2.8 usable acres. Located within the Atascadero Unified School District just 12 minutes from San Luis Obispo, it offers significant upside through modernization. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13730 El Camino Real Subject | $989,000* List Price | 3 | 2 | 2,229 | $486 | - |
A 14600 Sandoval Pending | $895,000 List Price | 3 | 2 | 1,689 | $530 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this property is well-maintained but shows clear signs of its age with dated finishes such as vinyl tile flooring and original oak cabinetry. While the kitchen features granite countertops and stainless steel appliances, the overall interior aesthetic is outdated. The listing description explicitly notes the home is a 'wonderful opportunity for a new owner to update, repair, and bring their vision to life,' which aligns with the Fair condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 121968, living area = 2229.
The 2.8-acre flat and fully fenced lot offers exceptional versatility for equestrian use, gardening, or the addition of an ADU and workshop.
Ideally situated just 12 minutes from San Luis Obispo, this property provides a rare balance of private country living with convenient access to city amenities.
The listing indicates the home needs repairs and modernization, suggesting that the buyer should budget for immediate renovation and maintenance costs.
Built in 1995, the interior likely requires cosmetic upgrades to replace older finishes and systems to meet current modern aesthetic standards.
Welcome to this charming single-level home set on a 2.8-acre ranchette in desirable southeast Atascadero adjacent to Santa Margarita. A gated driveway entrance leads to the fully fenced property, offering privacy, security, and excellent potential for horses, livestock, gardening, or simply enjoying wide open space and country living. The flat, highly usable land provides ample room to expand with an ADU, barn, horse stalls, workshop, or other outbuildings to suit your needs. The home features a well-designed floor plan with beautiful views of the ranch from nearly every window. Oak hardwood floors run through the entry, hallway, and kitchen, adding warmth and character. A formal living and dining room sit separate from the kitchen and main living areas, providing flexible spaces for everyday living or entertaining. Vaulted ceilings in the family room and primary bedroom create an airy sense of space and natural light throughout the home. The kitchen offers granite countertops, a center island, and a bay window overlooking the backyard, pool, and pasture, creating a bright and welcoming gathering space. The adjacent family room features a cozy wood-burning stove, sliding glass doors to the backyard, and a unique built-in 90-gallon aquarium with direct water and drain connections. Down the hall is the spacious primary suite with another bay window overlooking the back of the property. The ensuite bath includes a soaking tub, glass-enclosed shower, and a generous walk-in closet. Two additional bedrooms, a shared bathroom, and an office space complete the interior layout. Outside, the property offers a fully fenced pool area, open pasture ready for horses or other livestock, and a charming garden space with multiple large raised planter beds tucked along the side of the home; perfect for growing vegetables, herbs, or flowers. The attached two-car garage includes washer and dryer hookups. Ideally located just 12 minutes from San Luis Obispo, this well-loved property has been comfortably lived in and offers a wonderful opportunity for a new owner to update, repair, and bring their vision to life while enjoying the rare combination of usable acreage, privacy, and single-level living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,229 | 1,971 | 62% |
| Lot Size | 121,968 | 32,452.2 | 79% |
| Price | $989.0K | $852.5K | 67% |
| Price per sq ft | $444 | $450 | 46% |
| Built year | 1995 | 1987 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 171 | 5% |
Mar 18, 2026
$989,000
Initial Listing