1931 Wild Rice, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 2 bath
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Paso Robles, California 93446
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $720,000—positioned above the $645,799 Fair Market Value. While the property requires modernization to reach its full potential, its Condition Rating of 4 reflects a well-maintained, functional home with significant upside. The expansive 8,705 sq. ft. lot and desirable Heritage Ranch amenities provide a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1931 Wild Rice Subject | $720,000* List Price | 3 | 2 | 2,078 | $311 | - |
A 4545 Swan Sold | $609,000 | 3 | 2 | 2,124 | $287 | 0.6 mi |
B 2081 Wood Duck Lane Sold | $695,000 | 3 | 2 | 1,906 | $365 | 0.5 mi |
C 2105 Wood Duck Sold | $595,000 | 3 | 2 | 1,350 | $441 | 0.5 mi |
D 4826 Meadow Lark Lane Sold | $600,000 | 3 | 2 | 1,862 | $322 | 0.5 mi |
E 2840 Black Horse Lane Sold | $565,000 | 4 | 2 | 2,268 | $249 | 0.9 mi |
F 1948 Willowbrook Sold | $567,300 | 4 | 2 | 1,440 | $394 | 0.3 mi |
G 4734 Mallard Court Active | $799,000 List Price | 3 | 2 | 1,846 | $433 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the home is well-maintained but dated. While it features newer stainless steel appliances and updated tile flooring in main areas, the kitchen retains original oak cabinetry and tile countertops. The overall condition is functional and move-in ready, but the age of the primary finishes and lack of a full recent renovation necessitate updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8705, living area = 2078.
The home features vaulted ceilings and six strategically placed sun tubes that maximize natural illumination, creating a bright and airy living environment throughout the day.
Located in the desirable Heritage Ranch, residents benefit from extensive HOA amenities including swimming pools, pickleball and basketball courts, a dog park, and miles of hiking trails.
Built in 1989, the home may require cosmetic updates or kitchen and bath renovations to align with contemporary design trends and maximize its competitive market value.
The monthly association fee of $350 adds a significant fixed cost to the ownership budget, which may be a consideration for buyers sensitive to ongoing carrying costs.
Nestled on a quiet cul-de-sac in the highly desirable Heritage Ranch community, this charming single-family home offers a peaceful retreat where comfort and nature come together. With approximately 2078 +/- square feet of living space, the home enjoys a tranquil setting with an abundance of natural beauty in every direction. Inside, the spacious floor plan is enhanced by vaulted ceilings, large windows, and six strategically placed sun tubes that fill the home with natural light throughout the day. The impressive brick fireplace serves as a timeless focal point, adding warmth and character to the heart of the home. Generous living and dining areas provide comfortable spaces for everyday living, entertaining guests, or simply relaxing while enjoying the surrounding landscape. The functional kitchen offers ample cabinetry and workspace while remaining conveniently connected to the main living areas. Comfortable bedrooms and well-designed living spaces create a welcoming atmosphere that feels both inviting and practical. The expansive deck is great for morning coffee or hosting outdoor gatherings or just unwinding. Additional storage beneath the house provides room for all the extras. Residents can enjoy the HOA amenities including swimming pools, pickleball and basketball courts, parks, dog park and miles of hiking trails.
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 | 2,078 | 1,790 | 65% |
| Lot Size | 8,705 | 8,562 | 51% |
| Price | $720.0K | $790.0K | 36% |
| Price per sq ft | $346 | $451 | 10% |
| Built year | 1989 | 1992 | 46% |
| HOA | $350.0 | $0 | 92% |
| Days on market | 15 | 176 | 2% |
May 22, 2026
$720,000
Initial Listing
Aug 6, 2020
$545,000
Public Record
Mar 30, 2011
$230,000
Public Record
Mar 11, 2003
$339,000
Public Record
Jul 30, 1999
$247,500
Public Record