2950 Old Ford Rd, Creston, California 93446, Paso Robles, 93446 - 3 bed, 4 bath
2950 Old Ford Rd
Creston, California 93446
Property Price
SUMMARY
Analysis of 2950 Old Ford Rd, Creston, California 93446 reveals a Prime Investment Opportunity with a current list price of $950,000—significantly undercutting the $1,006,555 Fair Market Value by 5%. This valuation gap indicates a +$56,555 Instant Equity potential for buyers. 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 Creston 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 |
|---|---|---|---|---|---|---|
★ 2950 Old Ford Rd Subject | $950,000* List Price | 3 | 4 | 1,900 | $530 | - |
A 7090 Rancho Verano Place Sold | $1,200,000 | 4 | 3 | 2,251 | $533 | 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 retains most of its original features with no evidence of major renovations in the last 30 years. The kitchen and bathrooms show dated oak cabinetry, tile countertops, and older white appliances. While the structure appears sound, the listing explicitly mentions deferred maintenance and the need for improvements, fitting the criteria for a home that is functional but aged and in need of modernization.
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 = 633362, living area = 1900.
- Exceptional Infrastructure
The property features a massive 1,600+ sqft shop with utilities and an additional 1,600+ sqft covered storage area, providing unparalleled space for equipment, RVs, or a home-based business.
- Expansive Usable Acreage
Spanning nearly 15 acres of rolling, cross-fenced land with existing horse stalls, this estate is perfectly suited for equestrian use, livestock, or a custom ranch lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1900, other record living area = 1969.
- Deferred Maintenance
The home requires significant improvements and repairs to address deferred maintenance, which will necessitate additional capital investment beyond the purchase price.
- Limited Availability
Currently listed as 'Active Under Contract,' the property is only accepting backup offers, which may pose a challenge for buyers looking for a guaranteed acquisition.
About 2950 Old Ford Rd
Nestled on approx. 14.96 acres of rolling, usable land, this unique country property offers wide-open valley views, room for animals, and the space to create your ideal Central Coast ranch lifestyle. The Victorian-style home, built 1989, is full of character and potential, ready for the next owner to bring their vision to life. The property is cross-fenced and well-suited for horses, alpacas, or other livestock, with existing horse stalls and plenty of usable pasture. A major highlight is the impressive oversized shop (over 1,600 sq ft) featuring its own bathroom, electrical, and abundant space for equipment, storage, projects, or a home-based business. In addition, there is an equally large covered area (also over 1,600 sq ft)—ideal for RV/boat storage, hay, trailers, or shaded working space. A small art studio adds even more flexibility and charm to the property, perfect for creative use, a private office, or hobby space.T This property offers privacy, functionality, and potential—conveniently located near Paso Robles amenities. Home condition reflects deferred maintenance and improvements needed, offering an excellent opportunity for buyers looking to build equity and customize. A rare chance to own acreage, views, and exceptional infrastructure in a desirable Paso Robles location. Accepting Back up offers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 633,362 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 1,900 | 1,790.5 | 56% |
| Lot Size | 633,362 | 9,583 | 96% |
| Price | $950.0K | $775.0K | 74% |
| Price per sq ft | $500 | $440 | 70% |
| Built year | 1989 | 1990 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 184 | 3% |
Pricing History
Listed for Sale
Jan 17, 2026
$950,000
Initial Listing
Sold
Apr 30, 2001
$530,000
Public Record
Sold
Jan 22, 1997
$265,000
Public Record
Sold
Mar 7, 1995
$240,000
Public Record