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1308 Royal Way

1308 Royal Way, San Luis Obispo, CA 93405
Sold Mar 13, 2020
$612,500
$415,000 by Guaranteed Rate Inc
Mortgage Due Feb 01, 2037
Local assessors in San Luis Obispo, CA have categorized 1308 Royal Way as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 6,000 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1308 Royal Way has a total of 1,670 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1308 Royal Way was last sold in Feb 25, 2020 for $612,500. According to our calculations, that's $366.77 per sqft. Current property owners are expected to pay $6,680 in taxes per year. The property on 1308 Royal Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $643,844. To break that down further, the land itself was valued at $420,470. While improvements to the property were assessed at a total of $223,374. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,670
  • Gross Building Area: 1,670
  • Building Area: 1,670
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,670
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 569
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY SLO TR 569 LT 39 LESS MIN RTS

Ownership

  • Current Owner : NEUKIRCH ULRICH W
  • Current Owner 2: WELZEL BIRGITTA
  • Previous Owner : SCHROEDER TERRY A
  • Previous Owner 2: SCHROEDER LANCE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Luis Coastal Unified School District
  • Census Tract: 011300

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 569
  • Parcel: 004-331-040
  • Lot: 39
  • Municipality: CITY OF SAN LUIS OBISPO
  • Latitude: 35.26
  • Longitude: -120.691

    Address

  • Full Address: 1308 Royal Way
  • Address - House Number: 1308
  • Address - Street Name: Royal
  • Address - Suffix Type: Way
  • State: CA
  • City Name: San Luis Obispo
  • Carrier Code: C026
  • 4-Digit Zip Code: 4926
  • Zip Code: 93405

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,680
  • Tax Rate Code Area: 003-005

    Appraisal Valuation

  • Standard Deviation: 0.1996
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 950,755
  • High Value: 1,140,608
  • Low Value: 760,902

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $415,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jan 14, 2022
  • First Open Lien Mortgage Loan Amount: $415,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $643,844
  • Assessed Land Value: $420,470
  • Assessed Improvements Value: $223,374

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Mar 13, 2020
  • Current Sale Transaction ID: 11747731467
  • Current Sale Price: $612,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020012546

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN INTERNET MORTGAGE INC
  • First Mortgage Transaction Date: Mar 13, 2020
  • First Mortgage Loan Amount: $459,375
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 1308 Royal Way located in?
The 1308 Royal Way is a house located in the neighborhood of San Luis Obispo in San Luis Obispo, San Luis Obispo.
What is the average sales price for listings in 1308 Royal Way?
The average sales price for units in 1308 Royal Way is $0 currently.

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