Priced to sell - one half acre zoned CT (commercial tourist) near downtown San Luis Obispo. You will not find a more affordable option for development in town!
Property Details
Property Features
Listing Office:
Office Name: Compass
Office Email: Matt@MattSansone.com
Listing Agent: Matt Sansone
Exterior Features
Exterior Information:
View: City Lights
Lot Features
Lot Information:
Lot Size: 0.52 Acres
Other
Directions Information:
Directions: Get off highway.
Price Information
Listing Price Info
Price Summary:
List Price: $1,001,288
Tax Information:
Annual Amount: $10,023
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in San Luis Obispo, CA.
This property is $18.7K less than the Median Sold Price in San Luis Obispo, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SC24171845
Listing Office:
Office Name: Compass
Office Email: Matt@MattSansone.com
Listing Agent: Matt Sansone
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 9:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 09, 2016
Dec 09, 2016Home Sold
$880,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$10,023
$943,537
2020
$9,919
$933,863
2019
$9,624
$915,552
2018
$9,625
$897,600
2017
$9,436
$880,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,065
Per Month
Principal & Interest
$4,998
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,068
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Pacheco Elementary School
261 Cuesta Dr
Distance between this listing and this school0.91 miles
Public District Grades KG-6
5
/10
Hawthorne Elementary School
2125 Story St
Distance between this listing and this school1.17 miles
Public District Grades KG-6
6
/10
Bishop's Peak Elementary School
451 Jaycee Dr
Distance between this listing and this school1.35 miles
Public District Grades KG-6
Nearby Schools
9
/10
Teach Elementary School
165 Grand Ave
Distance between this listing and this school0.81 miles
Public District Grades 4-6
7
/10
Laguna Middle School
11050 Los Osos Valley Rd
Distance between this listing and this school2.42 miles
Public District Grades 7-8
7
/10
Los Osos Middle School
1555 El Moro St
Distance between this listing and this school9.11 miles
Public District Grades 7-8
Nearby Schools
9
/10
San Luis Obispo High School
1499 San Luis Dr
Distance between this listing and this school0.91 miles
Public District Grades 9-12
3
/10
Pacific Beach High School
11950 Los Osos Valley Rd
Distance between this listing and this school2.62 miles
Public District Grades 10-12
4
/10
Grizzly Challenge Charter
721 Mendocino Ave
Distance between this listing and this school4.47 miles
The neighbors living near this home have an average income of $60,773. Typical income of San Luis Obispo, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1042 Olive St
What is the listing price of this property?
The listing price of 1042 Olive St property is $1,001,288.
What type of property is this?
The property 1042 Olive St is land located in San Luis Obispo, California, 93405.
Is this property for sale now?
Active Listing: 1042 Olive St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $10,023 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 9, 2016 for $880,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1042 Olive St in San Luis Obispo, CA and zip code 93405. This home sits on a 0.52 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,001,288.
San Luis Obispo, CA housing market in November 2024 saw over 6 listings sold above listed price, more than 5 sold at listed price and over 15 sold below. The inventory of homes for sale in San Luis Obispo, CA between October 2024 and November 2024 decreased by 16.4%. In November 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $1,020,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Symphony or Opera
Symphony or Opera
Yoga/pilates
Soccer
Chico's
H&M
The Container Store
Boston Market
Dominos Pizza
Starbucks
Volvo
Audi
BMW
Talk/Personality
Alternative
Urban Contemporary