5078 Palma, Atascadero, California 93422, Atascadero, 93422 - 2 bed, 1 bath
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5078 Palma
Atascadero, California 93422
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
996Sq Ft
4,754Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$567,567
5% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $599,000—positioned well below the $567,568 Fair Market Value by -5%. While the property is priced slightly above the estimated market value, its Fair Condition Rating and 2001 construction provide a solid foundation for value-add cosmetic updates. Featuring a versatile den/office, attached 2-car garage, and a private deck, this home offers functional living in a quiet cul-de-sac. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable, well-located asset in the Atascadero Unified district.
Estimated Market Value
$567,567
Based on Realkey algorithm analyzing recent comparable sales in Atascadero.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5078 Palma Subject 2 bd · 1 ba · 996 sqft · $570 | $599,000* List Price | 2 | 1 | 996 | $570 | - |
A 5074 Palma Sold 2 bd · 1 ba · 996 sqft · $582 · 0.0 mi | $580,000 | 2 | 1 | 996 | $582 | 0.0 mi |
B 5045 Alamo Sold 2 bd · 2 ba · 1,116 sqft · $511 · 0.8 mi | $570,000 | 2 | 2 | 1,116 | $511 | 0.8 mi |
C 5100 Traffic Way Sold 2 bd · 1 ba · 784 sqft · $688 · 0.8 mi | $539,000 | 2 | 1 | 784 | $688 | 0.8 mi |
D 5080 Palma Active 2 bd · 1 ba · 720 sqft · $694 · 0.0 mi | $499,999 List Price | 2 | 1 | 720 | $694 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2001 (23 years old), the home is well-maintained but remains largely original. The kitchen features dated oak cabinetry, laminate countertops, and older white appliances. While the interior has updated laminate flooring and fresh paint, the age of the primary fixtures and systems exceeds 20 years, placing it in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated on a quiet cul-de-sac with immediate access to Highway 101, offering a perfect balance of residential privacy and commuter convenience.
- Versatile Living Space
The inclusion of a dedicated den/office alongside two bedrooms provides essential flexibility for remote work or a hobby room, maximizing the home's utility.
- Modern Construction
Built in 2001, this well-maintained home offers more contemporary building standards and systems compared to much of the older entry-level inventory in Atascadero.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4754, other record lot size in square feet = 4816.
- Limited Bathroom Facilities
With only one bathroom serving two bedrooms and a den, the property may present logistical challenges for households with multiple occupants or guests.
- Compact Square Footage
At just under 1,000 square feet, the interior living space is relatively small, which may limit its appeal to buyers requiring larger common areas or significant storage.
About 5078 Palma
Inviting Atascadero home situated on a quiet cul-de-sac with convenient access to Highway 101. This well-maintained property features 2 bedrooms plus a versatile den/office, 1 bathroom, indoor laundry, and an attached 2-car garage. The spacious, fully fenced yard offers plenty of room to relax, entertain, or enjoy outdoor living. A comfortable and functional home in a convenient Atascadero location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 4,754 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.1 |
| Baths | 1.0 | 2.2 |
| Square foot | 996 | 1,972.38 |
| Lot Size | 4,754 | 42,681.487 |
| Price | $599.0K | $888.9K |
| Price per sq ft | $601 | $467 |
| Built year | 2001 | 1990 |
| HOA | $0 | $225 |
| Days on market | 19 | 58 |
Pricing History
Listed for Sale
Oct 5, 2026
$599,000
Initial Listing