1500 Palm St San Luis Obispo, CA 93401

$1,250,000 Sold Price as of 05/18/2018

-- Beds
-- Baths
3,920 Sq.Ft.

Off Market

$1,250,000 Sold Price as of 05/18/2018 Refinance Your Mortgage

Map preview of 1500 Palm St, San Luis Obispo, CA 93401

Property Overview: 1500 Palm St San Luis Obispo, CA has -- bedrooms, -- bathrooms, 3,920 living square feet and 10,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1500 Palm St is currently an off market home in the city of San Luis Obispo. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of San Luis Obispo has a median list price of $1,299,000. The median price per/sqft for San Luis Obispo is $651. With those numbers in mind, if you are looking to purchase a median priced home in San Luis Obispo, CA and put 20% down you will need to save up $259,800 for the down payment and will need roughly $25,980 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in San Luis Obispo the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1500 Palm St

Last sold for $1,250,000 on May 18th, 2018

May, 2018
May 22, 2018

Date

Sold

CRMLS: SP1075040

$1,250,000

Price
Feb 13, 2018

Date

Pending

CRMLS: SP1075040

$1,275,000

Price
Feb 8, 2018

Date

Active Under Contract

CRMLS: SP1075040

$1,275,000

Price
Jul 20, 2017

Date

Price Change

CRMLS: SP1075040

$1,275,000

Price
May 24, 2017

Date

Active

CRMLS: SP1075040

$1,499,000

Price
May 24, 2017

Date

Price Change

CRMLS: SP1075040

$1,499,000

Price
May 4, 2017

Date

Active Under Contract

CRMLS: SP1075040

$1,650,000

Price
Mar 27, 2017

Date

Pending

CRMLS: SP1075040

$1,650,000

Price
Feb 21, 2017

Date

Active

CRMLS: SP1075040

$1,650,000

Price
Listing provided courtesy of CRMLS

Rare opportunity to own office space close to downtown and Cal Poly. The Medical Arts building, also known as the Medical Arts Center, is located on a highly exposed corner of California and Palm Streets on the eastern edge of the San Luis Obispo downtown corridor. Two updated offices on upper level and large office space on the ground level. There are 8 off-street parking spaces and an estimated annual income of $60,000. The lot is 10,000 sf and is zoned Office. The building is approximately 4,110± sq ft. total with 3 suites and 8 onsite parking spaces. The main level is 2,840± sf with a monthly rental income $4,950 MG and the vacant lower level with separate entrance is 868± sf. All tenants are currently on month to month leases. The surrounding area is a mix of residential and commercial and is convenient to public transportation.

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May, 2018
May 18, 2018

Date

Sold (Public Records)

Public Records

$1,250,000

Price

Tax History for 1500 Palm St

Assessed Value (2020): $1,300,500

Year	Land Value	Improved Value	Assessed Value
2020	$936,360	$364,140	$1,300,500

About 1500 Palm St

Detailed summary of property

1500 Palm St is categorized with a use code of Medical Bldg/Clinic in San Luis Obispo, CA 93401 and last sold on May 18, 2018 for $1,250,000. This property has -- bedrooms, -- bathrooms, roughly 3,920 living square feet, and sits on an approximately 10,000 square foot lot. Homes in San Luis Obispo are selling for a median price of $1,050,000 and a median price per square foot of $602. Based on Ardent Real Estate Group's San Luis Obispo Market Data, this home is sold 19.05% higher than the current median priced home. 1500 Palm St was last sold on May 18, 2018 for $1,250,000. Local nearby listings include 2829 Mandeville Canyon Rd, 2286 Canyonback Rd and 2774 Mandeville Canyon Rd. The average home in San Luis Obispo, CA is selling in 44 days. There are currently 112 homes for sale in the San Luis Obispo real estate market and 97 of them are single family homes while 14 of them are condos and 1 are townhomes. If you are the homeowner and looking to sell the home at 1500 Palm St San Luis Obispo, CA 93401 contact Ardent Real Estate Group and we will put you in touch with one of our San Luis Obispo agents.

Public Facts for 1500 Palm St

Public county record property details

Beds: --
Baths: --
Year built: 1967
Sq. Ft.: 3,920
Lot Size: 10,000
Stories: --

Type: Medical Bldg/Clinic
Pool: No
Spa: No
County: San Luis Obispo
Lot#: --
APN: 001-134-022

The source for these homes facts are from public records.

93401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$688

Median Sold Price

$1,140,000

Median Sold Price/Sq.Ft.

$600

Total Inventory

Median Sale to List Price %

105.07%

Avg Days on Market

Loan Type

Conventional (29.17%), FHA (0%), VA (4.17%), Cash (33.33%), Other (33.33%)

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(714) 706-1823

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