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872 Lawrence Drive

872 Lawrence Drive, San Luis Obispo, CA 93401
Property in San Luis Obispo
Sold Jul 14, 2021
$565,000
$325,000 by Finance Of America Mortgage Ll
Mortgage Due Aug 01, 2051
Sold Aug 08, 2014
$365,000
$291,920 by The Greco Family Living Trust
Mortgage
872 Lawrence 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 2014 and is 10 years old. The home has a total of 5 rooms. 2 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 3 stories. In addition, 872 Lawrence Drive has 1,281 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 1,001 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 is one available parking space. 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 C by the local assessor. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 872 Lawrence Drive was last sold in Jun 10, 2021 for $565,000. According to our calculations, that's $441.06 per sqft. Prior to that sales transaction, the property was sold for $365,000 in Jun 24, 2014. Current property owners are expected to pay $5,905 in taxes per year. The property on 872 Lawrence Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $576,300. To break that down further, the land itself was valued at $306,000. While improvements to the property were assessed at a total of $270,300. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,001
  • Total Building Area: 1,281
  • Gross Building Area: 1,281
  • Building Area: 1,281
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,281
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 2977 UN 02
  • Land Acres: 0.023
  • Standard Land Use Code: Planned unit development (pud residential)
  • Legal Description 1: CY SLO TR 2977-2 LT 33

Ownership

  • Current Owner : CHIU HENRY
  • Current Owner 2: CHIU SUSAN
  • Previous Owner : GRECO JUSTIN A
  • Owner Before Previous Owner: MOYLAN TERRACE LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: San Luis Coastal Unified School District
  • Census Tract: 011104

Zoning

  • Zoning: R3

Geography

  • Subdivision Tract Number: 2977-2
  • Parcel: 004-952-022
  • Lot: 33
  • Municipality: CITY OF SAN LUIS OBISPO
  • Latitude: 35.2655
  • Longitude: -120.65

    Address

  • Full Address: 872 Lawrence Dr
  • Address - House Number: 872
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Luis Obispo
  • Carrier Code: C006
  • 4-Digit Zip Code: 5716
  • Zip Code: 93401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,905
  • Tax Rate Code Area: 003-000

    Appraisal Valuation

  • Standard Deviation: 0.2136
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 70
  • Final Value: 659,389
  • High Value: 800,251
  • Low Value: 518,527

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $325,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Jul 14, 2021
  • First Open Lien Mortgage Loan Amount: $325,000
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,300
  • Assessed Land Value: $306,000
  • Assessed Improvements Value: $270,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 10, 2021
  • Current Sale Recording Date: Jul 14, 2021
  • Current Sale Transaction ID: 11842810570
  • Current Sale Price: $565,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021049348
  • Previous Sale Recording Date: Aug 08, 2014
  • Previous Sale Contract Date: Jun 24, 2014
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Jul 14, 2021
  • First Mortgage Loan Amount: $325,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: THE GRECO FAMILY LIVING TRUST
  • Previous Mortgage Transaction Date: Aug 08, 2014
  • Previous Mortgage Loan Amount: $291,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 872 Lawrence Drive located in?
The 872 Lawrence Drive is a located in the neighborhood of San Luis Obispo in San Luis Obispo, San Luis Obispo.
What is the average sales price for listings in 872 Lawrence Drive?
The average sales price for units in 872 Lawrence Drive is $0 currently.

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