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524 Mason Drive

524 Mason Drive, San Luis Obispo, CA 93401
Sold Feb 19, 2020
$768,000
Sold May 31, 2017
$805,000
$230,000 by Central Coast Lending Inc
Mortgage Due Jun 01, 2047
524 Mason Drive has been categorized by the local assessors in San Luis Obispo, CA as a residential type of property. The building on the property was first built in 2001 and is 23 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 524 Mason Drive has 2,035 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,227 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Jan 17, 2020 for $768,000. That's $377.40 per sqft. Prior to that sales transaction, the property was also sold in May 12, 2017 for $805,000. 524 Mason Drive was last assessed in 2023. The total value of the property was assessed at $807,303. Specifically, the land the property is located on was valued at $473,030. While improvements on the property were assessed at a total of $334,273. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $8,302. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,227
  • Total Building Area: 2,035
  • Gross Building Area: 2,035
  • Building Area: 2,035
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,035
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 2126
  • Land Acres: 0.143
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY SLO TR 2126 LT 51

Ownership

  • Current Owner : SMITH RONALD E
  • Current Owner 2: SMITH LYNN CHOY
  • Previous Owner : DANKER ROCHELLE
  • Owner Before Previous Owner: PITTELLI STEPHEN J
  • Owner Before Previous Owner 2: PITTELLI LISA M
  • 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: 011103

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 2126
  • Parcel: 004-945-051
  • Lot: 51
  • Municipality: CITY OF SAN LUIS OBISPO
  • Latitude: 35.2628
  • Longitude: -120.656

    Address

  • Full Address: 524 Mason Way
  • Address - House Number: 524
  • Address - Street Name: Mason
  • Address - Suffix Type: Way
  • State: CA
  • City Name: San Luis Obispo
  • Carrier Code: C028
  • 4-Digit Zip Code: 5676
  • Zip Code: 93401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,302
  • Tax Rate Code Area: 003-013

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 73
  • Final Value: 1,132,407
  • High Value: 1,358,943
  • Low Value: 905,870

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $807,303
  • Assessed Land Value: $473,030
  • Assessed Improvements Value: $334,273

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 17, 2020
  • Current Sale Recording Date: Feb 19, 2020
  • Current Sale Transaction ID: 11735374700
  • Current Sale Price: $768,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020007903
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Contract Date: May 12, 2017
  • Previous Sale Amount: $805,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: CENTRAL COAST LENDING INC
  • Previous Mortgage Transaction Date: May 31, 2017
  • Previous Mortgage Loan Amount: $230,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

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Frequently Asked Questions

What neighborhood is 524 Mason Drive located in?
The 524 Mason Drive 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 524 Mason Drive?
The average sales price for units in 524 Mason Drive is $0 currently.

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