715 Shannon Hill, Paso Robles, California 93446, Paso Robles, 93446 - 3 bed, 2 bath
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Paso Robles, California 93446
This Value-Add Residential Asset is listed at $700,000, aligning closely with its $693,371 Fair Market Value. Holding a Condition Rating of 4, the property presents a clear opportunity for forced appreciation through interior modernization and cosmetic updates. The expansive 12,100 sq ft lot is a standout feature, hosting a versatile 16x20 Detached Shop and mature fruit trees. Located in the Paso Robles Joint Unified district near downtown, the home offers a functional layout with significant expansion potential. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build equity in a desirable market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 715 Shannon Hill Subject | $685,000* List Price | 3 | 2 | 1,680 | $405 | - |
A 1612 Skyview Sold | $760,000 | 3 | 2 | 1,776 | $428 | 0.5 mi |
B 613 Navajo Sold | $870,000 | 3 | 2 | 1,942 | $448 | 0.3 mi |
C 616 Trigo Sold | $710,000 | 3 | 2 | 1,547 | $459 | 0.3 mi |
D 419 Cherokee Court Sold | $645,000 | 3 | 2 | 1,415 | $456 | 0.6 mi |
E 523 Rose Lane Sold | $715,000 | 4 | 2 | 1,858 | $385 | 0.5 mi |
F 1212 Mariah Active Under Contract | $839,000 List Price | 4 | 2 | 1,819 | $461 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, the property is nearly 30 years old and remains largely in its original state. While the listing describes 'great bones' and functional systems, the interior—including the kitchen appliances, flooring, and bathroom fixtures—is dated and shows typical wear for its age. The description explicitly states the home needs updating to add value, fitting the criteria for a well-maintained but outdated property requiring minor to moderate cosmetic repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12100, living area = 1680.
The property features a substantial 16x20 detached shop, providing rare versatility for a home business, hobbyist workshop, or potential ADU conversion.
Situated on over 12,000 sq ft, the large, fully fenced lot includes mature fruit trees and offers significant space for outdoor expansion or landscaping.
The home is in need of cosmetic and functional updates, which will require additional capital investment from the buyer to modernize the space.
A recent $50,000 price reduction indicates that the initial list price may have been aggressive given the home's current condition and required repairs.
Gem of a property in a desirable Paso Robles location near downtown, schools, and everyday amenities. This 1,680 sq ft home offers 3 bedrooms and 2 bathrooms with a functional layout and great bones. A 2-car garage plus an additional parking area provides ample space for vehicles, trailers, or guests. Situated on a large, fully fenced lot of over 12,000 sq ft, the property features a bonus spacious detached 16x20 shop with endless potential—perfect for hobbies, storage, a workshop, or future customization. The expansive rear yard is adorned with lemon, orange, grapefruit and persimmon trees and plenty of additional space to expand the possibilities for other uses. This home presents a fantastic opportunity for buyers looking to add value and make it their own. With its large lot size, exceptional in town location, and additional versatile storage, workshop, or even guest cottage, this property has excellent potential!
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,680 | 1,775 | 44% |
| Lot Size | 12,100 | 8,838 | 60% |
| Price | $685.0K | $780.0K | 28% |
| Price per sq ft | $408 | $454 | 31% |
| Built year | 1996 | 1991 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 175 | 8% |
Mar 13, 2026
$685,000
$700,000
-2% Price Drop
Initial Listing
Feb 26, 2026
$700,000
Initial Listing
Feb 20, 2026
$750,000
Initial Listing
Sep 18, 2000
$50,000
Public Record
Dec 30, 1996
$140,000
Public Record