778 Primrose Lane, Nipomo, California 93444, Nipomo, 93444 - 5 bed, 4 bath

778 Primrose Lane, Nipomo, California 93444 home-pic-0

778 Primrose Lane

Nipomo, California 93444

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
5Beds
4Baths
2,279Sq Ft
7,920Lot Size

Property Price

LIST PRICE$949,900
EST. MARKET VALUE
$1,025,843
7% BelowMARKET VALUE

SUMMARY

Analysis of 778 Primrose Lane, Nipomo, California 93444 reveals a Prime Investment Opportunity with a current list price of $949,900—significantly undercutting the $1,025,843 Fair Market Value by 7%. This valuation gap indicates a +$75,943 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Nipomo Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,025,843 +$75,943 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Nipomo.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
778 Primrose Lane
Subject
$949,900*
List Price
542,279$450-
A
109 Gardenia
Sold
$685,000321,549$4420.1 mi
B
626 Juno Court
Sold
$750,000421,701$4410.8 mi
C
662 January Street
Sold
$825,000321,803$4580.7 mi
D
448 Grove Lane
Sold
$715,000321,445$4950.9 mi
E
825 Rosana Place
Sold
$761,247431,722$4420.9 mi
F
380 Butterfly Lane
Sold
$700,000331,576$4440.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property is in excellent condition, featuring a recently updated main residence and a separate 1BR/1BA ADU. Significant recent investments of $80,000 have been made in a resort-style backyard with an outdoor kitchen and cabana. The interior boasts an updated layout with modern comforts, and the overall maintenance level is high, meeting the criteria for a recently renovated home with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2279, other record living area = 2104.

About 778 Primrose Lane

This stunning property offers a rare dual-living opportunity in one of the Central Coast's finest micro-climates of Nipomo, perfectly positioned within walking distance of the 140-acre Regional Park and the local elementary school. The main residence features an updated 4BR/2.5BA layout, while the attached 1BR/1BA ADU provides the ideal setup for rental income or a private guest suite with its own entrance. The ADU is NOT a garage conversion, but a separate living quarters on the lower level. Whether you are looking for a multi-generational compound or a savvy investment, this home delivers unmatched versatility and modern comfort. The owners have recently invested $80,000 in overall improvements, including the entertainer’s backyard, designed to feel like a private resort. You can host guests at the outdoor kitchen and cabana, gather around the fire pit, or unwind in the jacuzzi under the stars. With multiple decks positioned to capture the region’s famous sunsets and a location that blends suburban convenience with nature-filled surroundings, this home is the ultimate California retreat.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1998
Lot Size
7,920 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
4 (4 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
93%
Baths4.03.0
85%
Square foot2,2792,217.5
50%
Lot Size7,9208,991.5
38%
Price$949.9K$1.18M
31%
Price per sq ft$417$515
14%
Built year19982003
35%
HOA$0$138
43%
Days on market32191
4%

Pricing History

Listed for Sale

Feb 3, 2026

$949,900

Initial Listing

Sold

Jul 31, 2018

$56,000

Public Record

Sold

Jul 15, 2011

$322,500

Public Record

Sold

Nov 26, 1997

$55,000

Public Record

Sold

Apr 26, 1996

$88,000

Public Record

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