551 N Ferrocarril, Atascadero, California 93422, Atascadero, 93422 - 1 bed, 1 bath
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551 N Ferrocarril
Atascadero, California 93422
ACTIVE
CONDITION: GOOD
1Beds
1Baths
480Sq Ft
480Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$300,000
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $300,000, aligning perfectly with its $300,000 Fair Market Value. As a turnkey Residential Condominium with a Good Condition Rating, this property offers immediate stability through an established tenant. Key features include central HVAC, dual-pane windows, and a private paver patio. Located in the peaceful 55+ Casa Rio community near the Juan Bautista de Anza trail, this asset provides a reliable income stream. It is an ideal acquisition for Buy-and-Hold Investors or 55+ Owner-Occupants.
Estimated Market Value
$300,000
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 |
|---|---|---|---|---|---|---|
★ 551 N Ferrocarril Subject 1 bd · 1 ba · 480 sqft · $625 | $300,000* List Price | 1 | 1 | 480 | $625 | - |
A 555 N Ferrocarril Active 1 bd · 1 ba · 480 sqft · $625 · 0.0 mi | $300,000 List Price | 1 | 1 | 480 | $625 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005, this 19-year-old property falls within the 10-20 year 'Good' criteria. It is well-maintained and turnkey with functional systems including central HVAC and dual-pane windows.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
This turnkey investment comes with an established tenant already in place, offering immediate rental income and a seamless transition for investors.
- Modern & Efficient Features
Built in 2005, the home is equipped with modern essentials including central HVAC, dual-pane windows, and indoor laundry with included appliances.
- Prime Location & Amenities
Situated near major retailers like Trader Joe's and the Juan Bautista de Anza trail, the property also offers rare optional RV/boat parking within a well-maintained community.
CONSRISKS & DEFICIENCIES
- Age-Restricted Occupancy
The 55+ community requirement limits the potential tenant pool and future resale market to a specific demographic.
- Limited Square Footage
At only 480 square feet, the compact living space may be a deterrent for those seeking more room or additional storage options.
About 551 N Ferrocarril
Turnkey investment opportunity in the peaceful 55+ Casa Rio community. Situated on a level lot within this desirable 60-unit enclave, 551 N Ferrocarril delivers effortless single-level living with an established tenant in place for immediate cash flow. This well-maintained 1-bedroom, 1-bath home features a bright, low-maintenance layout opening to a private paver patio overlooking professionally landscaped grounds. Complete with central HVAC, dual-pane windows, indoor laundry with included stackable washer/dryer, refrigerator, and optional RV/boat parking. Conveniently located near the Juan Bautista de Anza trail, Trader Joe's, Starbucks, and shopping. Investors do not need to be 55+ to own (tenant/occupant only). Tenant occupied; please do not disturb occupant.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2005
- Lot Size
- 480 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.4 |
| Baths | 1.0 | 2.6 |
| Square foot | 480 | 1,407.667 |
| Lot Size | 480 | 1,356.667 |
| Price | $300.0K | $495.0K |
| Price per sq ft | $625 | $403 |
| Built year | 2005 | 1994 |
| HOA | $200.0 | $324 |
| Days on market | 4 | 94 |
Pricing History
Listed for Sale
Oct 20, 2026
$300,000
Initial Listing
Sold
Mar 17, 2016
$40,000
Public Record