22540 K, Santa Margarita, California 93453, Santa Margarita, 93453 - 3 bed, 2 bath
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22540 K
Santa Margarita, California 93453
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,040Sq Ft
7,500Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$754,118
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $749,000—positioned well below the $752,806 Fair Market Value by 0.5%. This property features a Condition Rating of 2, showcasing a fully modernized kitchen and luxury vinyl plank flooring. The expansive 7,500 sqft lot with alley access provides significant ADU Potential for future growth. Located in the Atascadero Unified district, this home offers a peaceful lifestyle with modern convenience, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Estimated Market Value
$754,118
Based on Realkey algorithm analyzing recent comparable sales in Santa Margarita.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22540 K Subject 3 bd · 2 ba · 1,040 sqft · $725 | $749,000* List Price | 3 | 2 | 1,040 | $725 | - |
A 22450 I Street Sold 3 bd · 2 ba · 1,092 sqft · $714 · 0.2 mi | $780,000 | 3 | 2 | 1,092 | $714 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive modern renovation within the last 5 years, featuring a fully upgraded kitchen with quartz countertops and stainless appliances, updated bathrooms, and new luxury vinyl plank flooring throughout, making it move-in ready.
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 = 1040.
- Turnkey Modernization
The property is move-in ready with high-end finishes, including luxury vinyl plank flooring, quartz countertops, and stainless-steel appliances, blending classic character with contemporary design.
- Development Potential
The expansive 7,500 sqft lot features rare alley access, offering significant potential for an ADU, RV/boat parking, or a custom garden expansion.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 1,040 square feet of living space, the home may feel restrictive for larger families or those requiring more substantial indoor square footage.
- Absence of Views
The property lacks any specific scenic views, which could be a disadvantage compared to other homes in the picturesque Central Coast region.
About 22540 K
Turnkey Santa Margarita Gem with Huge Lot & ADU Potential. 22540 K Street is a beautifully modernized, move-in-ready 3-bedroom, 2-bathroom home where classic character meets contemporary design. The sun-drenched, open-concept layout features durable luxury vinyl plank flooring and a seamless flow from the welcoming living room into a fully upgraded kitchen boasting quartz countertops and stainless-steel appliances. The private primary suite features its own dedicated en-suite bath, while two additional bright bedrooms offer plenty of versatility for a home office, guests, or family. Outdoor Living: Step out to a spacious covered patio perfect for alfresco dining and weekend entertaining. Endless Possibilities: The massive backyard features convenient alley access—ideal for building an ADU, parking an RV or boat, or creating your dream garden. The Location: Enjoy peaceful, small-town charm with easy highway access to San Luis Obispo, Atascadero, and Paso Robles wine country.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- 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 | 4.2 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,040 | 1,904.2 |
| Lot Size | 7,500 | 4,955,498.76 |
| Price | $749.0K | $1.05M |
| Price per sq ft | $720 | $635 |
| Built year | 1972 | 1964 |
| HOA | $0 | $0 |
| Days on market | 33 | 218 |
Pricing History
Listed for Sale
Sep 22, 2026
$749,000
Initial Listing
Price Change
Sep 21, 2026
$746,000
Initial Listing
Sold
Oct 3, 2001
$77,000
Public Record
Sold
Sep 4, 1998
$129,000
Public Record