1501 K Street, San Miguel, California 93451, San Miguel, 93451 - 3 bed, 2 bath
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1501 K Street
San Miguel, California 93451
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,428Sq Ft
7,500Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$440,020
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $489,000—positioned well below the $440,020 Fair Market Value by -11%. While the home requires significant interior rehabilitation due to its Condition Rating of 5, the large 7,500 sqft lot and detached garage provide a solid foundation for value-add projects. The updated kitchen offers immediate functional utility, while the remaining space allows for extensive customization. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with significant upside potential.
Estimated Market Value
$440,020
Based on Realkey algorithm analyzing recent comparable sales in San Miguel.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 K Street Subject | $489,000* List Price | 3 | 2 | 1,428 | $308 | - |
A 1445 L Street Sold | $529,000 | 4 | 3 | 1,760 | $301 | 0.1 mi |
B 1940 San Buenaventura Way Active Under Contract | $615,000 List Price | 4 | 2 | 1,569 | $392 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1900, the property shows significant signs of age and deferred maintenance. While the bathroom features a mid-2000s renovation, other interior areas show exposed wall studs, missing drywall, and mismatched paneling, indicating a need for substantial rehab and finishing work.
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 = 7500, living area = 1428.
- Modernized Kitchen
The property features an updated kitchen, providing immediate functional value and reducing the need for high-cost renovations upon move-in.
- Functional Lot and Storage
A generous 7,500 sqft lot with a fully fenced yard and a detached garage offers excellent privacy, security, and versatile space for storage or a workshop.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1900, the home's significant age may require ongoing maintenance and potential upgrades to aging structural or mechanical systems.
- Cosmetic Investment Required
The mention of potential for personal style suggests that the interior may need additional capital investment for cosmetic updates to meet modern aesthetic standards.
About 1501 K Street
Welcome to 1501 K Street in San Miguel! This charming home offers an updated kitchen, a fully fenced yard, and a detached garage, providing a great combination of comfort, functionality, and value. With plenty of potential to add your personal style and make it your own, this property is a wonderful opportunity to enjoy homeownership in the heart of San Miguel.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 7,500 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 | 3.6 |
| Baths | 2.0 | 2.1 |
| Square foot | 1,428 | 1,523 |
| Lot Size | 7,500 | 7,738.333 |
| Price | $489.0K | $641.7K |
| Price per sq ft | $342 | $398 |
| Built year | 1900 | 1987 |
| HOA | $0 | $46 |
| Days on market | 23 | 64 |
Pricing History
Listed for Sale
Aug 17, 2026
$489,000
Initial Listing
Sold
Jul 1, 2022
$430,000
Public Record