
Atascadero, California 93422
This property presents a High-Potential Investment Opportunity with a List Price of $874,999—positioned well below the $823,165 Fair Market Value by -6%. Featuring a Fair Condition Rating (5/10), the home requires modernization to reach its full potential. The expansive 3.33-acre lot offers significant upside for an ADU or workshop, subject to county approval. With its panoramic hill views and large deck, this property is an ideal value-add acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7905 San Gregorio Road Subject | $845,000* List Price | 3 | 2 | 1,800 | $452 | - |
A 8580 Corriente Sold | $940,000 | 4 | 3 | 2,050 | $459 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45 years old), the property features original and significantly dated kitchen and bathrooms, including 1970s-style patterned tile countertops and oak cabinetry. While the home appears functional, the age of the structure and systems, combined with the need for a full cosmetic rehab to modernize, fits the criteria for poor condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 144184, living area = 1800.
The property sits on a generous 3.33-acre parcel that uniquely combines privacy with usable land, offering ample space for animals, gardening, or a potential ADU.
An open-concept floor plan features abundant windows and large decks off both the living room and primary suite, perfectly capturing the tranquil, tree-filled views.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1741.
Built in 1979, the home may require additional investment for modernization, cosmetic updates, or deferred maintenance to meet contemporary standards.
Future projects or improvements like a workshop or ADU are strictly subject to county approval, which introduces uncertainty and potential bureaucratic delays for buyers.
Nestled among the beautiful oak-studded hills of West Atascadero, this 3-bedroom, 2-bathroom home offers approximately 1,800± square feet of living space on an expansive 3.33± acre parcel. The open-concept floor plan is designed to capture the natural beauty that surrounds the property, with abundant windows throughout the home filling the living spaces with natural light and framing peaceful tree-filled views in every direction. The spacious living room features a cozy gas fireplace and opens directly to a large deck, creating an ideal setting for indoor-outdoor living and entertaining. The kitchen is centered around a generously sized island and flows seamlessly into the dining area and living space. The primary suite offers a comfortable retreat with abundant natural light, a walk-in closet, well-designed en suite bath, and private deck access where you can enjoy the tranquil setting and scenic views. Outside, the 3.33± acre property provides a rare combination of privacy and usable land, offering ample space for gardening, hobbies, animals, or future projects. The property includes a fenced garden area and presents potential for a workshop, ADU, or other improvements, subject to county approval. With plenty of room to spread out while still enjoying the beauty of the surrounding hills, this property offers flexibility that is increasingly hard to find. Whether you're seeking a peaceful retreat, room to pursue your passions, or a comfortable home base for remote work, this property delivers the opportunity to enjoy a slower pace of life while remaining conveniently connected to town. With its desirable West Atascadero location, picturesque setting, and endless potential, this property presents a unique opportunity for buyers looking to personalize and enhance a home in a highly sought-after area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,800 | 1,969 |
| Lot Size | 144,184 | 49,110 |
| Price | $845.0K | $865.9K |
| Price per sq ft | $469 | $458 |
| Built year | 1979 | 1980 |
| HOA | $0 | $212 |
| Days on market | 28 | 55 |
Jul 17, 2026
$845,000
$874,999
-3% Price Drop
Initial Listing
Jun 24, 2026
$874,999
Initial Listing
Apr 21, 2000
$282,000
Public Record