See Home Value
$841,308*
House - Off Market

1521 Palm

San Luis Obispo, CA 93401
bedrooms
2 Beds
bathrooms
1 Bath
square feet
792 Sqft
$756,000 - $922,000
Reference Base Price*
0.17%
Since Jul 1, 2023
National-US
Primary Model
Sold Jun 16, 2023
$785,000
$628,000 by U.s. Bank National Association
Mortgage Due Jul 01, 2053
Sold Feb 04, 2000
$249,000
$199,200 by World Svgs Bank Fsb
Mortgage Due Mar 01, 2030

About This Property

Charming 1920's cottage bungalow featuring 2 bedrooms 1 bath, a detached exercise room/artist studio and a creek running through the back of the property. The current owners have enjoyed this quiet neighborhood conveniently located near downtown San Luis Obispo for over 20 years. Just a mile away from Cal Poly Campus also makes it an ideal candidate for your Cal Poly student housing. Fully fenced front yard for privacy leads to the covered porch and into the Livingroom with hardwood floors, crown molding and a cozy fireplace. Original glass paned door leads to the first bedroom currently being utilized as an office, featuring large picture windows and Hardwood floors with access to the shared full bath. The primary bedroom is situated at the rear of the  house with access to the full bath and laundry room. The kitchen was updated in 2014 with granite counters new cabinets, appliances and vinyl flooring plus a tankless water heater. The deck on the side of the house is a lovely area for BBQ's and relaxing with friends. Step through the enclosed porch area and into the Exercise room/Art Studio that was the original garage, updated with marine grade plywood floors and anti mold paint. You'll want to spend hours contemplating life in the Zenlike back yard with slate walkways and seating areas to relax and listen to the creek. You won't want to miss this exceptional opportunity.

The manager has listed the unit size as 792 square feet.
Unit Size
792Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$1,060
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926

Price History

Date / Event Date Event Price
Jun 18, 2023 No longer available -
No longer available
Jun 16, 2023 Sold to Mackenzie I Hearne, Thomas ... $785,000
Sold to Mackenzie I Hearne, Thomas ...
May 13, 2023 In contract -
In contract
Mar 31, 2023 Price Decreased $839,900
↓ $35K (4%)
Price Decreased
Mar 28, 2023 Relisted $875,000
Relisted
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,720
  • Total Building Area: 744
  • Gross Building Area: 744
  • Building Area: 744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SAN LOUIS OBISPO
  • Land Acres: 0.085
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY SLO BL 46 PTN LTS 1 & O

Ownership

  • Current Owner : HEARNE MACKENZIE I
  • Current Owner 2: HEARNE THOMAS J
  • Previous Owner : STAN R AND AYDE JANZEN REVOCABLE FAMILY
  • Owner Before Previous Owner: RANDOLL R BRUCE
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: San Luis Coastal Unified School District
  • Census Tract: 011002

Zoning

  • Zoning: R2

Geography

  • Parcel: 001-136-006
  • Block: 46
  • Lot: 1
  • Municipality: CITY OF SAN LUIS OBISPO
  • Latitude: 35.2869
  • Longitude: -120.655

    Address

  • Full Address: 1521 Palm St
  • Address - House Number: 1521
  • Address - Street Name: Palm
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Luis Obispo
  • Carrier Code: C033
  • 4-Digit Zip Code: 2939
  • Zip Code: 93401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,742
  • Tax Rate Code Area: 003-000

    Appraisal Valuation

  • Standard Deviation: 0.2002
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 73
  • Final Value: 809,664
  • High Value: 971,829
  • Low Value: 647,499

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $628,000
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Jun 16, 2023
  • First Open Lien Mortgage Loan Amount: $628,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,828
  • Assessed Land Value: $206,815
  • Assessed Improvements Value: $161,013

    Sales

  • Current Sale Contract Date: May 16, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Transaction ID: 11908135107
  • Current Sale Price: $785,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17020
  • Previous Sale Recording Date: Feb 04, 2000
  • Previous Sale Contract Date: Jan 14, 2000
  • Previous Sale Amount: $249,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Jun 16, 2023
  • First Mortgage Loan Amount: $628,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WORLD SVGS BANK FSB
  • Previous Mortgage Transaction Date: Feb 04, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $199,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Mar 01, 2030



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
Multifamily
Stu
3 Baths
900 ft²
$943/ft²
$849,000 Jan 24, 2023
-
-

About San Luis Obispo


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Frequently Asked Questions

When was property at 1521 Palm Street built and last sold?
The property at 1521 Palm Street was built in 1926 and last sold on May 16, 2023 for $785,000.
How much is this home worth?
The estimated value of the home located at 1521 Palm Street is $827,988.
What are some comparable homes to 1521 Palm Street?
There are currently no comparable homes to 1521 Palm Street.

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