3855 Colima, Atascadero, California 93422, Atascadero, 93422 - 3 bed, 2 bath
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Atascadero, California 93422
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $815,000—positioned well below the $892,792 Fair Market Value by 8%. This valuation gap offers $77,792 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern interior updates, owned solar, and a private pool on a sprawling 0.987-acre lot with ADU potential. This property balances lifestyle appeal with long-term growth, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3855 Colima Subject | $815,000* List Price | 3 | 2 | 2,158 | $419 | - |
A 5605 Marco Lane Sold | $990,000 | 3 | 2 | 2,327 | $425 | 0.2 mi |
B 3175 Arena Sold | $875,000 | 3 | 3 | 2,216 | $395 | 0.4 mi |
C 3388 Ramona Sold | $855,000 | 3 | 2 | 2,156 | $397 | 0.6 mi |
D 3956 Maricopa Sold | $715,000 | 3 | 3 | 1,694 | $422 | 1.0 mi |
E 5080 Fresno Avenue Sold | $841,000 | 3 | 2 | 1,855 | $453 | 0.8 mi |
F 3270 Arena Active | $910,000 List Price | 3 | 2 | 1,978 | $460 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1970, the home has undergone significant interior renovations within the last 5-15 years, featuring updated LVP flooring, modern white shaker kitchen cabinetry, and neutral paint. The inclusion of owned solar panels and a functional in-ground pool indicates consistent maintenance and modern system upgrades, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42993, living area = 2158.
The nearly one-acre parcel features a fenced in-ground pool and mature landscaping, offering a private oasis perfect for relaxation and entertaining.
The inclusion of an owned solar system provides immediate energy efficiency and long-term cost savings for the homeowner, a significant value-add in the current market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2158, other record living area = 1674.
Built in 1970, the home may require cosmetic or system updates to meet modern aesthetic preferences and efficiency standards compared to newer residential builds.
The combination of a large 0.987-acre lot and an in-ground pool necessitates substantial ongoing time and financial investment for landscaping and pool upkeep.
Make a splash this summer at 3855 Colima Road! Situated on a sprawling 0.987± acre parcel, this 3-bedroom, 2-bath home offers approximately 2,158± square feet of inviting living space designed for both everyday comfort and entertaining. The spacious kitchen features abundant storage, generous prep space, quality appliances, and a layout that naturally connects to the home's gathering areas. The living room serves as a warm focal point with a striking floor-to-ceiling brick fireplace and raised hearth, creating the perfect place to relax on cooler evenings. Step outside and enjoy a backyard designed for both relaxation and possibility. The fenced, in-ground pool provides the perfect place to cool off on warm summer days, while the expansive grounds offer space for gardening, recreation, pets, and entertaining. Surrounded by mature landscaping, the property enjoys a peaceful and private atmosphere. Owned solar contributes to the property's efficiency and overall appeal. Beyond the primary outdoor living areas, a generous section of level land may offer opportunities for future improvements, including the potential for an ADU (subject to buyer investigation and approval by the City of Atascadero and other applicable agencies). Offering space, character, and an exceptional outdoor lifestyle, this Atascadero property is ready to welcome its next owners.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,158 | 1,969 |
| Lot Size | 42,993.719 | 49,110 |
| Price | $815.0K | $865.9K |
| Price per sq ft | $378 | $458 |
| Built year | 1970 | 1980 |
| HOA | $0 | $212 |
| Days on market | 34 | 55 |
Jun 18, 2026
$815,000
Initial Listing
Feb 22, 2023
$790,000
Public Record
Oct 14, 2011
$325,000
Public Record