515 Higos Way, Nipomo, California 93444, Nipomo, 93444 - 4 bed, 3 bath
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515 Higos Way
Nipomo, California 93444
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,602Sq Ft
7,650Lot Size
Property Price
LIST PRICE$690,000
EST. MARKET VALUE
$713,076
3% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $690,000—positioned well below the $713,077 Fair Market Value by 3%. This valuation gap provides $23,077 in Instant Equity. With a Condition Rating of 4, the property offers significant upside through cosmetic modernization. Featuring a Main-Level Primary Suite and a Generous 7,650 sqft Lot, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value in the Lucia Mar Unified district.
Estimated Market Value
$713,076+$23,076 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Nipomo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Higos Way Subject 4 bd · 3 ba · 1,602 sqft · $445 | $690,000* List Price | 4 | 3 | 1,602 | $445 | - |
A 397 Nopal Sold 3 bd · 2 ba · 1,332 sqft · $544 · 0.3 mi | $725,000 | 3 | 2 | 1,332 | $544 | 0.3 mi |
B 360 Black Hawk Way Sold 4 bd · 2 ba · 1,770 sqft · $415 · 0.3 mi | $735,000 | 4 | 2 | 1,770 | $415 | 0.3 mi |
C 759 Viola Court Sold 4 bd · 2 ba · 1,831 sqft · $339 · 0.8 mi | $620,000 | 4 | 2 | 1,831 | $339 | 0.8 mi |
D 135 Elvira Way Sold 3 bd · 2 ba · 1,800 sqft · $450 · 0.6 mi | $810,000 | 3 | 2 | 1,800 | $450 | 0.6 mi |
E 336 Butterfly Sold 3 bd · 2 ba · 1,587 sqft · $472 · 0.5 mi | $749,000 | 3 | 2 | 1,587 | $472 | 0.5 mi |
F 1277 Galaxy Sold 3 bd · 2 ba · 1,249 sqft · $532 · 0.7 mi | $665,000 | 3 | 2 | 1,249 | $532 | 0.7 mi |
G 187 Amaranth Sold 3 bd · 2 ba · 1,305 sqft · $500 · 0.9 mi | $652,500 | 3 | 2 | 1,305 | $500 | 0.9 mi |
H 771 Viola Court Sold 3 bd · 2 ba · 1,719 sqft · $465 · 0.8 mi | $799,000 | 3 | 2 | 1,719 | $465 | 0.8 mi |
I 839 Theodora Street Pending 3 bd · 2 ba · 1,449 sqft · $473 · 0.5 mi | $685,000 List Price | 3 | 2 | 1,449 | $473 | 0.5 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 1995 (29 years old), the property is mostly original. While it features fresh interior paint and newer stainless steel appliances, the kitchen cabinets, tile countertops, and fluorescent lighting are dated. The unlandscaped yard and original finishes require modernization to meet current market standards.
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 = 7650, living area = 1602.
- Main-Level Primary Suite
The rare inclusion of a primary bedroom and bathroom on the first floor offers excellent accessibility and long-term versatility for various buyer demographics.
- Recent Maintenance
The home features a freshly painted interior and has been recently tented, providing peace of mind regarding pest control and a clean slate for new owners.
CONSRISKS & DEFICIENCIES
- Cosmetic Updating Required
While freshly painted, the property is marketed as needing 'vision,' suggesting that kitchens and bathrooms likely require modernization to meet contemporary standards.
- Compact Living Space
At 1,602 square feet for a four-bedroom layout, the individual room sizes may feel constrained compared to other homes in this price bracket.
About 515 Higos Way
Great opportunity to own a home in the desirable community of Nipomo! This two-story, 4-bedroom, 2.25-bath home offers a spacious floor plan with plenty of potential to make it your own. Freshly painted throughout the interior and recently tented, this home is ready for its next chapter. The main level features a generously sized living room with a cozy fireplace, along with a primary bedroom and bathroom conveniently located downstairs. Upstairs, you'll find three additional bedrooms and a full bathroom. The attached two-car garage offers convenient access to the side yard, while the spacious front and backyard provide plenty of room to create your ideal outdoor space. Conveniently located just moments from local eateries, shopping, gas stations, schools, and the library. With a little vision and your own personal touches, this property offers a wonderful opportunity to make Nipomo home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 7,650 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.6 |
| Square foot | 1,602 | 1,921.043 |
| Lot Size | 7,650 | 8,751.786 |
| Price | $690.0K | $1.03M |
| Price per sq ft | $431 | $516 |
| Built year | 1995 | 2002 |
| HOA | $0 | $307 |
| Days on market | 4 | 61 |
Pricing History
Listed for Sale
Oct 20, 2026
$690,000
Initial Listing