tomo logo

$1,975,000

Beds
3
Baths
2.0
sq ft
1,981

3876 Orcutt Rd, San Luis Obispo, CA 93401

3876 Orcutt Rd

San Luis Obispo, CA 93401

  • 210 days on market
    • Price drop $425,000↓
After six years of county planning, the final map is now ready for recording! The seller has covered all city, county, engineering, and environmental processing fees, bringing this subdivision project to its final stage. Once the required improvements are bonded or paid for, the buyer will own two APNs, allowing for the construction of four structures—two primary homes and two ADUs. New buyer retains the right to record the final map in their name and complete the "public improvement plans" and onsite lot improvements, unlocking the potential of an additional adjacent lot. This charming 3-bedroom, 2-bath ranch-style home offers an open floor plan and stunning countryside views from every room. The single-level layout is perfect for easy country living, with generous overhangs that provide shade over the front entrance and back patio, naturally keeping the home cooler in warmer weather. The kitchen features ample counter space and a double oven. The spacious primary bedroom includes a walk-in closet and a bathroom with double sinks, a separate makeup vanity, and a large soaking tub. The property also includes a sizable unenclosed barn, a storage shed, and multiple fenced areas previously used for vegetable gardening and keeping farm animals Property is currently licensed as AIRBNB.

Details

Property type

Single Family Residence

Est. home value

$2,245,067

Lot size

4.76 acres

Price per sq ft

$997

Year built

1977

HOA

No

Price History

02/28/2025
CRMLS

CRMLS #PI24154054

Price change
$1,975,000
-17.71%
10/10/2024
CRMLS

CRMLS #PI24154054

Price change
$2,400,000
-11.11%
08/05/2024
CRMLS

CRMLS #PI24154054

Listed
$2,700,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Luis Coastal Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,571,711
Asking price
$1,975,000
Closing costs (~8% of asking)
-$158,000
Est. remaining loan balance
-$245,289
Cash to seller
$1,571,711

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2020

Original loan amount

$344,000

Est. remaining balance

$245,289

Interest rate

3.19%

Loan type

New Conventional, 15 year

Seller

Karen R Colombo and Douglas E Oneal

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/03/2025 at 1:40 PM

Listing updated: 02/28/2025 at 1:20 PM

Listed by: Santino Cattaneo, Santino Cattaneo, Comet Realty Phone #: (805) 546-9925

MLS: CRMLS #PI24154054

CRMLS logo

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