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1118 Palm St, San Luis Obispo, CA, 93401

$1,350,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
2,068 SqFt
$653/SqFt
House

Location

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1118 Palm St, San Luis Obispo$1,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingUncovered
Year Built1898
HeatingCentral
CoolingCentral Air
FireplaceFamily Room
ViewMountain(s)
MLS #SC24187371
Lot Size0.28 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1118 Palm St

Welcome to 1118 Palm Street in San Luis Obispo, CA! This exceptional property offers a rare opportunity to own a prime piece of downtown real estate, set on an expansive 12,000 square-foot lot. Situated in the versatile Office Zone, this property is ideal for a variety of uses, from a sophisticated office space to a charming residence, or even a combination of both. You may also explore the development of additional homes or apartments in the large area behind the existing home. The property boasts elegant architectural features including large windows, soaring 11-foot ceilings, and distinctive rooflines that enhance its functionality and historic charm. Brass door handles, Douglas Fir floors, artistic lighting fixtures, and a grand fireplace add a touch of quality and uniqueness you won’t find in newer construction. The property includes a kitchen area, two bathrooms, and a separate walk in shower room. Elevated above street level, the property provides stunning views of the surrounding mountains and downtown San Luis Obispo. At the rear, you’ll find a serene sitting area and a large parking lot with 8 onsite spaces. The expansive attic, accessible via staircase, offers ample storage space with the potential to convert into additional office or living areas. Whether you envision creating a Downtown SLO estate with gardens, guest units, and a detached garage/shop, or improving a premium office space, this property presents a unique opportunity. The seller has developed conceptual plans for additional housing units - please inquire for more information. Discover the potential of Palm Street and imagine the possibilities for this remarkable property in the heart of San Luis Obispo.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1898
  • Stories: 2
  • Living Area: 2,068 SqFt

Listing Office:

  • Office Name: Richardson Sotheby's International Realty
  • Office Phone: (805) 538-1828
  • Listing Agent: Erik Berg-Johansen

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Flooring Type: Carpet, Wood
  • Interior: Cathedral Ceiling(s), Attic
  • Fireplace: Family Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s)

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot: Lawn
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Santa Rosa to Palm Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,350,000
  • Price Per SqFt: $653/SqFt

Tax Information:

  • Annual Amount: $8,770
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in San Luis Obispo, CA.

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San Luis Obispo, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$618

Avg. Days On Market

24

# of Sold Homes

26

1118 Palm St vs San Luis Obispo

96 DAYS ON ROCKET

+72 Days

$1,350,000

+$330K More

$653/SqFt

+$34 More

KEY TAKEAWAY

This property is $330K more than the Median Sold Price and $34/SqFt more than other homes in San Luis Obispo, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SC24187371

Listing Office:

  • Office Name: Richardson Sotheby's International Realty
  • Office Phone: (805) 538-1828
  • Listing Agent: Erik Berg-Johansen

IDX 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, 8:20:59 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

Jan 29, 2021Home Sold
$1,099,000
Oct 18, 2013Home Sold
$729,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,770$825,590
2020$8,679$817,126
2019$8,421$801,105
2018$8,421$785,398
2017$8,256$769,999

History based on county public records data.

Payment Calculator

$6,805

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,114

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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.

Nearby Schools

school-card-donut-4469517
5
/10

  • Hawthorne Elementary School

  • 2125 Story St

  • 0.92 miles

  • Public District Grades KG-6

school-card-donut-4469518
5
/10

  • Pacheco Elementary School

  • 261 Cuesta Dr

  • 1.22 miles

  • Public District Grades KG-6

school-card-donut-4469519
7
/10

  • Sinsheimer Elementary School

  • 2755 Augusta St

  • 1.43 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,574. The most common annual income of people living in San Luis Obispo, CA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1118 Palm St

What is the listing price of this property?

The listing price of 1118 Palm St property is $1,350,000.

What type of property is this?

The property 1118 Palm St is a house located in San Luis Obispo, California, 93401.

Is this property for sale now?

Accepting Backup Offers: 1118 Palm St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,770 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 29, 2021 for $1,099,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1118 Palm St has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1118 Palm St is 2,068 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1118 Palm St is 1898.

Rocket Homes›California›San Luis Obispo County›San Luis Obispo›93401›1118 Palm St

This home is located at 1118 Palm St in San Luis Obispo, CA and zip code 93401. This 2,068 square foot home, which was built in 1898, sits on a 0.28 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $1,350,000.

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 number of listings in San Luis Obispo, CA decreased by 16.4% between October 2024 and November 2024. In November 2024 median list price was $1,020,000 and the average listing age was 24 days.

From Rocket Homes Real Estate and based on county public records data.

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