9289 Santa Margarita, Atascadero, California 93422, Atascadero, 93422 - 4 bed, 3 bath
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Atascadero, California 93422
This Spacious Country Residence is a High-Potential Investment Opportunity, listed at $939,000—positioned well below the $962,786 Fair Market Value by 2%. This valuation gap provides $23,786 in Instant Equity. While maintaining a Fair Condition Rating due to its 1979 aesthetic, the home offers a functional 4-bedroom layout on 2.85 expansive acres featuring a versatile shop building and scenic meadow views. Located within the Atascadero Unified School District, it balances rural privacy with significant upside through cosmetic modernization. This is an ideal acquisition for Owner-Occupants seeking a value-add lifestyle or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9289 Santa Margarita Subject | $939,000* List Price | 4 | 3 | 2,322 | $415 | - |
A 13730 El Camino Real Active Under Contract | $989,000 List Price | 3 | 2 | 2,229 | $444 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this home is well-maintained and functional but shows significant signs of being outdated. While the living areas feature updated laminate flooring and the kitchen includes a new range and refrigerator, the overall aesthetic—including the flat-panel wood kitchen cabinets, laminate countertops, and heavy stone fireplace—reflects the original construction era. The property is move-in ready but requires cosmetic modernization to meet current quality and style standards, fitting the criteria for a 'fair' condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 124146, living area = 2322.
Situated on approximately 2.85 acres, this property offers significant space for animals, gardening, and outdoor recreation, providing a rare and peaceful country lifestyle.
In addition to the 2-car garage, the property features a dedicated shop building, offering excellent utility for storage, hobbies, or creative projects.
Built in 1979, the home may require further cosmetic updates or modernization beyond the kitchen appliances to meet contemporary design standards.
The large 2.85-acre lot and mature oak trees require substantial ongoing maintenance and land management, which may be a commitment for some buyers.
Enjoy the charm of South Atascadero with this spacious 4 bedroom, 3 bathroom home offering approximately 2,322± square feet of living space on about 2.85 acres. Designed for both comfort and functionality, the property features a 2-car garage, cozy fireplace, and a shop building ideal for storage, projects, or hobbies. Beautiful oak trees enhance the natural setting and add to the property’s scenic appeal. Inside, the kitchen is equipped with a new range/oven and new refrigerator for added convenience. With plenty of room for animals and outdoor living, this versatile property offers the space and setting to enjoy a peaceful country lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,322 | 1,971 | 62% |
| Lot Size | 124,146 | 32,452.2 | 80% |
| Price | $939.0K | $852.5K | 62% |
| Price per sq ft | $404 | $450 | 28% |
| Built year | 1979 | 1986 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 171 | 1% |
Apr 7, 2026
$939,000
Initial Listing
Dec 21, 2010
$500,000
Public Record
Apr 16, 2008
$720,000
Public Record
Oct 29, 1999
$350,000
Public Record