3620 Colima Road, Atascadero, California 93422, Atascadero, 93422 - 4 bed, 3 bath
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Atascadero, California 93422
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $1,099,999—positioned slightly above the $1,085,433 Fair Market Value. While priced at market, the property offers significant long-term upside through its 2.6-acre level lot and potential for a lot split. Featuring a Condition Rating of 3, the home includes recent capital improvements like a new HVAC system and roof. This residence is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with substantial development potential in the Atascadero Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3620 Colima Road Subject | $1,099,999* List Price | 4 | 3 | 3,343 | $325 | - |
A 6155 Conejo Sold | $960,000 | 4 | 3 | 2,733 | $351 | 0.8 mi |
B 4620 Obispo Sold | $899,000 | 3 | 3 | 2,483 | $362 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1956, the property is well-maintained and move-in ready. It features critical system updates including a new HVAC system, new ductwork, and a 6-year-old roof. While the kitchen remains dated with older oak cabinetry and tile counters (Fair), at least one bathroom has been fully remodeled to a modern standard, and the home benefit from newer windows and hardwood flooring.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 113256, living area = 3343.
The property features 2.6 level acres with mature oak trees and offers the rare potential for a lot split, providing significant future value-add or expansion opportunities for the buyer.
With a new HVAC system, brand-new ductwork, newer windows, and a roof replaced approximately six years ago, the home's major systems are modernized for efficiency and reduced immediate maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3343, other record living area = 2648.
Built in 1956, the home may require ongoing attention to older infrastructure and further cosmetic updates to fully align with modern luxury standards despite recent system upgrades.
There is a conflict between the listing description (4 bathrooms) and the provided data (3 bathrooms), which could lead to confusion during the appraisal process or buyer due diligence.
Charming 1956 Home on 2.6 Level Acres Welcome to 3620 Colima Rd, a classic single-family home nestled on the east side of Atascadero. This 4-bedroom, 4-bathroom residence sits on a spacious, level parcel framed by majestic oak trees that provide beautiful shade and natural privacy. Boasting approximately 3343 sq ft, the home offers a functional layout with hardwood floors throughout, a remodeled bathroom, and excellent natural light. Recent updates include brand-new ductwork, a roof installed roughly 6 years ago, newer windows, and a new heating and air conditioning system — giving you peace of mind and lower maintenance for years to come. The property features a 3-car garage and generous outdoor space perfect for entertaining, gardening, or simply enjoying the serene surroundings. The large lot also offers potential for splitting (buyer to verify with the City of Atascadero). Whether you're looking for a family home, a peaceful retreat, or a property with room to grow, this Atascadero gem is ready for its next chapter. Schedule a showing today and experience the charm and potential firsthand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,343 | 1,969 |
| Lot Size | 113,256 | 49,110 |
| Price | $1.10M | $865.9K |
| Price per sq ft | $329 | $458 |
| Built year | 1956 | 1980 |
| HOA | $0 | $212 |
| Days on market | 0 | 55 |
Jun 18, 2026
$1,099,999
Initial Listing
Jul 24, 2024
$875,000
Public Record
Aug 13, 2020
$755,000
Public Record
May 29, 2002
$480,000
Public Record
Dec 1, 1995
$225,000
Public Record