5080 Palma, Atascadero, California 93422, Atascadero, 93422 - 2 bed, 1 bath
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5080 Palma
Atascadero, California 93422
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
720Sq Ft
4,738Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$494,412
SUMMARY
This property represents a Strong Value Opportunity, listed at $499,999—positioned slightly above the $494,413 Fair Market Value. While the home maintains a Condition Rating of 4, its vintage 1945 infrastructure offers a clear path for value-add renovations. Key assets include a Detached Two-Car Garage and a quiet Cul-de-Sac Location with convenient Highway 101 access. Despite the compact 720 sqft footprint, the property provides a functional layout for Buy-and-Hold Investors or first-time buyers seeking an entry-level home with significant long-term potential.
Estimated Market Value
$494,412
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 |
|---|---|---|---|---|---|---|
★ 5080 Palma Subject 2 bd · 1 ba · 720 sqft · $687 | $499,999* List Price | 2 | 1 | 720 | $687 | - |
A 5074 Palma Sold 2 bd · 1 ba · 996 sqft · $582 · 0.0 mi | $580,000 | 2 | 1 | 996 | $582 | 0.0 mi |
B 5078 Palma Active 2 bd · 1 ba · 996 sqft · $601 · 0.0 mi | $599,000 List Price | 2 | 1 | 996 | $601 | 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 1945 with interior renovations (kitchen and bath) that appear to be 20-30 years old. While the home is clean and functional, the oak cabinetry, laminate countertops, and fixtures are dated and will eventually require modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Two-Car Garage
The inclusion of a detached two-car garage is a significant asset for a home of this size, providing ample secure parking and versatile storage options.
- Prime Cul-de-Sac Location
Situated on a quiet cul-de-sac with immediate access to Highway 101, the property offers a rare combination of neighborhood tranquility and commuter convenience.
- Scenic Bluff Views
The property features desirable bluff views, which enhances the aesthetic appeal and provides a sense of openness not often found in entry-level homes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4738, other record lot size in square feet = 5661.
- Limited Living Area
At just 720 square feet with a single bathroom, the compact footprint may be restrictive for buyers needing extra space for a home office or growing family.
- Vintage Infrastructure
Built in 1945, the home may require updates to its original systems and finishes to meet modern energy efficiency and design standards.
About 5080 Palma
Charming 2-bedroom, 1-bath home located on a quiet cul-de-sac in Atascadero with convenient access to Highway 101. The functional floor plan offers comfortable living spaces along with a detached 2-car garage, providing additional parking and storage options. A great opportunity for those looking for a conveniently located Atascadero home with a simple, practical layout.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 4,738 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 | 720 | 1,972.38 |
| Lot Size | 4,738 | 42,681.487 |
| Price | $500.0K | $888.9K |
| Price per sq ft | $694 | $467 |
| Built year | 1945 | 1990 |
| HOA | $0 | $225 |
| Days on market | 19 | 58 |
Pricing History
Listed for Sale
Oct 5, 2026
$499,999
Initial Listing