479 Mitchell, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 3 bed, 3 bath
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San Luis Obispo, California 93401
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,276,297 Fair Market Value by 6%. This valuation gap offers $81,297 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a renovated kitchen, remodeled bathrooms, and custom cherry wood cabinetry. With scenic mountain views and a large lot, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a move-in ready asset in the San Luis Coastal Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 479 Mitchell Subject | $1,195,000* List Price | 3 | 3 | 2,333 | $547 | - |
A 1674 La Vineda Court Sold | $1,495,150 | 3 | 3 | 2,309 | $648 | 1.0 mi |
B 544 Stoneridge Drive Sold | $1,077,500 | 3 | 2 | 1,717 | $628 | 0.1 mi |
C 527 Stoneridge Sold | $1,215,000 | 4 | 3 | 2,244 | $541 | 0.1 mi |
D 3004 Arezzo Sold | $1,160,000 | 3 | 3 | 1,927 | $602 | 0.6 mi |
E 362 Calle Lupita Sold | $865,000 | 3 | 2 | 1,412 | $613 | 0.6 mi |
F 3204 Rockview Place Active | $1,375,000 List Price | 5 | 4 | 2,388 | $576 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1950, the property features a renovated kitchen with granite countertops and updated appliances, along with remodeled bathrooms as noted in the description. The interior shows well-maintained hardwood floors and modern fireplace stonework, suggesting a comprehensive renovation within the 10-20 year range, making it move-in ready.
The property is ideally situated near San Luis Obispo's best amenities and offers beautiful views of the surrounding mountains and city lights, significantly enhancing its desirability.
With 2,333 square feet of living space on a generous 7,150 square foot lot, this home provides ample room for families and includes a versatile detached storage building.
The residence features tastefully remodeled bathrooms and custom built-in cherry wood cabinetry, offering a blend of modern luxury and functional craftsmanship.
Originally built in 1950, the property may require ongoing maintenance or updates to older mechanical, electrical, or plumbing systems typical of homes from this era.
While the bathrooms and dining area feature high-quality updates, other portions of the home may require additional investment to bring the entire property up to a uniform contemporary standard.
Great Location with views of the surrounding mountains!! Three bedroom 3 bath home on large lot with detached storage building. Remodeled bathrooms, wonderful fireplace and built in cherry wood dining cabinets. Conveniently located close to shopping, restaurants and great coffee shops!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,333 | 1,841 | 76% |
| Lot Size | 7,150 | 5,813 | 70% |
| Price | $1.20M | $1.22M | 47% |
| Price per sq ft | $512 | $646 | 12% |
| Built year | 1950 | 2002 | 11% |
| HOA | $0 | $45 | 44% |
| Days on market | 14 | 142 | 2% |
May 23, 2026
$1,195,000
Initial Listing