427 Olive Street, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 3 bath
427 Olive Street
Paso Robles, California 93446
Property Price
SUMMARY
Analysis of 427 Olive Street, Paso Robles, California 93446 reveals a Prime Investment Opportunity with a current list price of $725,000—significantly undercutting the $775,660 Fair Market Value by 6%. This valuation gap indicates a +$50,660 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Paso Robles 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 |
|---|---|---|---|---|---|---|
★ 427 Olive Street Subject | $725,000* List Price | 3 | 3 | 1,721 | $451 | - |
A 170 Sandcove Lane Sold | $699,000 | 3 | 2 | 1,473 | $475 | 0.9 mi |
B 207 Quarterhorse Sold | $697,500 | 3 | 2 | 1,474 | $473 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age bracket for a 'good' rating. It is move-in ready with newer laminate flooring and well-maintained interior spaces. While the kitchen and bathrooms feature original 2005 finishes like tile countertops, they are in functional condition with no immediate renovations required.
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 = 8500, living area = 1721.
- Prime Westside Location
Situated in the highly sought-after Westside area, this home offers the exceptional convenience of being within walking distance to downtown Paso Robles' renowned dining, shopping, and tasting rooms.
- Modern Open Floor Plan
The interior features vaulted ceilings and an open-concept great room with newer laminate flooring, creating a spacious, bright, and inviting atmosphere for both daily living and entertaining.
CONSRISKS & DEFICIENCIES
- Sloped Lot Utility
The terraced nature of the backyard, while offering great views, may limit the amount of flat, usable space for traditional lawn activities or large play areas.
- Aging Major Systems
With a build date of 2005, the property is approaching a 20-year milestone where original major systems such as the roof or HVAC may soon require professional evaluation or replacement.
About 427 Olive Street
Charming Westside home. Convenient location within walking distance to downtown. This 3 bedroom 2 1/2 bath home features vaulted ceilings in the great room which includes living room, dining, and kitchen area. Newer laminate flooring adds to the appeal of this home. Wonderful open floor plan with cozy fireplace in the living room. The primary bedroom is spacious with both a soaking tub and a large shower in the on-suite bath. The home also features a 1/2 bath for guests. Views of the downtown and terraced backyard for enjoying the sunrise or summer evenings.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 8,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 | 3.0 | 2.0 | 63% |
| Square foot | 1,721 | 1,780.5 | 47% |
| Lot Size | 8,500 | 9,541.5 | 45% |
| Price | $725.0K | $775.0K | 38% |
| Price per sq ft | $421 | $438 | 43% |
| Built year | 2005 | 1990 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 184 | 0% |
Pricing History
Listed for Sale
Mar 1, 2026
$725,000
Initial Listing
Sold
Oct 24, 2014
$395,000
Public Record
Sold
Sep 21, 2012
$332,000
Public Record
Sold
Sep 26, 2008
$350,000
Public Record
Sold
Oct 13, 2005
$459,000
Public Record
Sold
Nov 27, 2002
$230,000
Public Record