1505 Barley Grain, Paso Robles, California 93446, Paso Robles, 93446 - 4 bed, 4 bath
1505 Barley Grain
Paso Robles, California 93446
Property Price
SUMMARY
Analysis of 1505 Barley Grain, Paso Robles, California 93446 reveals a Fairly Priced Property with a current list price of $1,675,000 aligned with the estimated $1,634,032 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Paso Robles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 Barley Grain Subject | $1,675,000* List Price | 4 | 4 | 3,415 | $478 | - |
A 1185 Beaver Creek Lane Sold | $1,850,000 | 4 | 3 | 3,657 | $506 | 0.5 mi |
B 1010 Spanish Camp Sold | $1,250,000 | 3 | 3 | 2,328 | $537 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, the property is well-maintained but largely original, featuring dated kitchen and bathroom finishes that require modernization. While major systems like the owned solar are a plus, the interior reflects its 35-year age with no significant recent renovations, aligning with the 'fair' criteria for homes of this vintage needing updates.
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 = 227819, living area = 3415.
- Expansive Private Lot
Situated on over 5 picturesque acres with majestic oak trees and a meandering creek, providing exceptional privacy and a serene rural atmosphere in the desirable Spanish Camp community.
- Versatile Floor Plan
The 3,415 sq ft layout features dual primary suites and a dedicated office, offering ideal flexibility for multi-generational living or a comprehensive work-from-home setup.
CONSRISKS & DEFICIENCIES
- Requires Modernization
Built in 1989, the interior is noted as needing a 'modern vision and updates,' suggesting that buyers will need to budget for significant cosmetic or structural renovations.
- Market Positioning
A recent $100,000 price reduction indicates that the property may have been initially overvalued relative to its current condition and local market demand.
About 1505 Barley Grain
Nestled on over 5 picturesque acres in the desirable Spanish Camp community of Paso Robles, this 3,415± sq ft residence offers exceptional space, privacy, and potential. The home features primary suites on both the main and upper levels, along with two additional bedrooms and a dedicated office—ideal for multi-generational living or flexible work-from-home needs. A charming media/sitting room could be connected to the downstairs primary suite, creating an opportunity for separate living quarters if desired. The property itself is dotted with majestic oak trees and enhanced by a creek that meanders along the back of the acreage, providing a peaceful rural backdrop. While the home is ready for your modern vision and updates, it benefits from owned solar, making it a rare opportunity to craft your dream estate in one of Paso Robles’ most coveted countryside neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 227,819 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 3,415 | 1,790.5 | 95% |
| Lot Size | 227,819 | 9,583 | 90% |
| Price | $1.68M | $775.0K | 95% |
| Price per sq ft | $490 | $440 | 68% |
| Built year | 1989 | 1990 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 112 | 184 | 21% |
Pricing History
Listed for Sale
Feb 26, 2026
$1,675,000
Initial Listing
Price Change
Nov 15, 2025
$1,775,000
Initial Listing
Sold
May 13, 1996
$325,000
Public Record
Sold
May 6, 1994
$225,000
Public Record