842 Tarragon Lane, San Luis Obispo, California 93401, San Luis Obispo, 93401 - 2 bed, 3 bath
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842 Tarragon Lane
San Luis Obispo, California 93401
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,785Sq Ft
1,785Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$788,181
11% BelowMARKET VALUE
SUMMARY
This Spacious Townhouse in the Tumbling Waters community is a Strong Value Opportunity, listed at $699,000—positioned well below the $788,181 Fair Market Value by 11%. This valuation gap offers $89,181 in Instant Equity for the buyer. The property maintains a Good Condition Rating (2009 build) and features a modern kitchen with Quartz Countertops and Panoramic Mountain Views. With direct bike path access to downtown and Cal Poly, this is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready lifestyle.
Estimated Market Value
$788,181+$89,181 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Luis Obispo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 842 Tarragon Lane Subject | $699,000* List Price | 2 | 3 | 1,785 | $442 | - |
A 950 Tarragon Sold | $699,000 | 3 | 3 | 1,417 | $493 | 0.0 mi |
B 1033 Tiburon Active | $799,000 List Price | 3 | 3 | 1,651 | $484 | 0.5 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 2009 (17 years old), this property fits the 10-20 year age bracket for 'Good' condition. It is well-maintained and move-in ready with a functional kitchen featuring quartz countertops and updated flooring, though cabinetry and some appliances appear original to the build date.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
Situated in the desirable Tumbling Waters community, the property offers direct bike path access to downtown San Luis Obispo and Sinsheimer Park, making it ideal for an active lifestyle.
- Spacious Modern Interior
The 1,785 sqft layout features an elegant kitchen with quartz countertops and an oversized primary bedroom that provides versatile flex-living possibilities rarely found in two-bedroom units.
- Strong Value Proposition
Priced competitively at $699,000 for a move-in-ready 2009 build, this townhouse offers a significant square footage-to-price ratio for the high-demand San Luis Obispo market.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
Despite the generous square footage, the home only offers two bedrooms, which may limit its appeal to larger families or those requiring multiple dedicated home offices.
- Recurring Association Costs
The $334 monthly association fee adds a consistent carrying cost to the property, which may be a consideration for budget-conscious buyers looking to minimize monthly overhead.
About 842 Tarragon Lane
Situated in the desirable and conveniently located community of Tumbling Waters, this well-maintained home offers the prime location, affordability, and move-in-ready feel you are looking for. The home offers two bedrooms, 3 bathrooms, and garage. The kitchen is elegant, modern, and features quartz counter tops. The primary bedroom is oversized, offering many flex living possibilities. Live the ultimate SLO lifestyle at Tumbling Waters. Enjoy a private clubhouse, Gym, and direct bike path access to downtown and Sinsheimer Park. Move-in ready and just minutes from Cal Poly, dining, shopping, and wineries. 842 Tarragon is priced to sell, so don’t delay scheduling your appointment to view this San Luis Obispo townhome.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2009
- Lot Size
- 1,785 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $334.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 1,785 | 1,548.333 |
| Lot Size | 1,785 | 1,903.5 |
| Price | $699.0K | $814.4K |
| Price per sq ft | $392 | $511 |
| Built year | 2009 | 1998 |
| HOA | $334.0 | $388 |
| Days on market | 26 | 52 |
Pricing History
Listed for Sale
Aug 14, 2026
$699,000
Initial Listing
Sold
Jun 17, 2020
$465,000
Public Record
Sold
May 18, 2018
$440,000
Public Record
Sold
Dec 18, 2009
$291,000
Public Record