1560 Bonita Place, San Miguel, California 93451, San Miguel, 93451 - 3 bed, 1 bath
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1560 Bonita Place
San Miguel, California 93451
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,015Sq Ft
4,600Lot Size
Property Price
LIST PRICE$524,900
EST. MARKET VALUE
$487,036
7% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $524,900—positioned well below the $487,037 Fair Market Value by -7%. While the home maintains a Condition Rating of 4, its single-level layout and established lot offer a stable foundation for value-add renovations. The residence features a private patio and is located within the Paso Robles Joint Unified district. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the San Luis Obispo County market.
Estimated Market Value
$487,036
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 |
|---|---|---|---|---|---|---|
★ 1560 Bonita Place Subject 3 bd · 1 ba · 1,015 sqft · $480 | $524,900* List Price | 3 | 1 | 1,015 | $480 | - |
A 775 16th Sold 3 bd · 2 ba · 1,243 sqft · $471 · 0.1 mi | $585,000 | 3 | 2 | 1,243 | $471 | 0.1 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 1991 (35 years old) and maintained by a single owner, the property is significantly dated. While described as comfortable, the lack of mentioned renovations suggests original kitchen, bath, and systems that exceed the 20-year threshold, requiring updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Level Accessibility
The home features a practical single-story layout, making it an ideal choice for downsizers, retirees, or those seeking a residence without the inconvenience of stairs.
- Affordable Entry Point
Priced competitively for San Luis Obispo County, this property represents a rare opportunity for first-time buyers or investors to secure a foothold in the Central Coast market.
- Pride of Ownership
As a one-owner home since its construction in 1991, the property suggests a history of consistent care and stability, which is a significant advantage for long-term value.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With three bedrooms but only one bathroom, the home may present logistical challenges for families or guests, which could impact its overall marketability.
- Compact Living Space
At approximately 1,015 square feet for a three-bedroom configuration, the interior living areas and bedrooms may feel undersized compared to modern residential standards.
About 1560 Bonita Place
A charming single-family home newly listed in the heart of the historic Central Coast Community. This well-proportioned 3 bedroom 1-bath residence offers approximately 1,015 square feet of living space on a practical 4600 Sq. Ft. lot. Built in 1991, this amazing home provides comfortable, single-level living ideal for first-time buyers, downsizers, small families, or investors seeking an affordable foothold in San Luis Obispo County. This one owner home is a fresh opportunity on the market--schedule your private showing!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 4,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.1 |
| Square foot | 1,015 | 1,527.6 |
| Lot Size | 4,600 | 7,524.5 |
| Price | $524.9K | $643.9K |
| Price per sq ft | $517 | $405 |
| Built year | 1991 | 1989 |
| HOA | $0 | $46 |
| Days on market | 5 | 69 |
Pricing History
Listed for Sale
Oct 19, 2026
$524,900
Initial Listing