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5385 Righetti Rd, San Luis Obispo, CA, 93401

$3,000,000

110.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewHills, Pond, Water, Valley
MLS #SC24204960
Lot Size110.00 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 5385 Righetti Rd

Opportunity is Knocking with Olive Branches! For the first time in four generations, this 110 acre family ranch is looking for a new steward. The olive groves consist of 120 trees, mainly of Arbequina. The Arbequina oil won Best of Class/Gold in the 2018 California Mid-State Fair with Silver medals in 2010 and 2011. An irrigated orchard includes orange, lemon, tangerine, apricot, apple, pomegranate, fig, persimmon, and loquat. The remaining 100± acres are currently leased for a 22 cow-calf operation. The perimeter of the ranch is fenced. Water is supplied by a shared reservoir and a seasonal spring for orchards and livestock. Two storage tanks provide water for the orchards and livestock watering tank. The second well could accommodate more olive trees. The 20+ year old barn is 30 feet by 60 feet with metal siding, a built-in work bench, a partial concrete slab, and electricity. Plan your dream home on one of several scenic homesites with breathtaking views of the Nine Sisters mountain peaks. Enjoy the fruits of this hobby farm. Expand the olive oil production. Bring your horses. Raise your own livestock. To paraphrase a family member, “Across generations we learned to mend fences from our grandfathers and the joy of gardening and raising animals from our grandmothers. We enjoyed the peace that comes with having a place to call home in our heart.” Come discover what Edna Valley in popular San Luis Obispo has to offer your future generations. Contact your agent today for detailed information about what this opportunity has to offer.

Property Details

Property Features

Listing Office:

  • Office Name: BHGRE HAVEN PROPERTIES
  • Office Phone: (805) 441-3777
  • Listing Agent: Jeffrey Prostovich

Exterior Features

Exterior Information:

  • View: Hills, Pond, Water, Valley

Virtual/3D Tour

  • Virtual Tour: 5385 Righetti Rd
Virtual Tour

Lot Features

Lot Information:

  • Lot: Agricultural, Irregular Lot, Orchard(s)
  • Lot Size: 110.00 Acres

Other

Directions Information:

  • Directions: Take Orcutt Road to Righetti Road =, right before Baileyana Wine Tasting Room in yellow schoolhouse

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,000,000

Tax Information:

  • Annual Amount: $504
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$1.0M

Med. Price/SqFt

$618

Avg. Days On Market

24

# of Sold Homes

26

5385 Righetti Rd vs San Luis Obispo

73 DAYS ON ROCKET

+49 Days

$3,000,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more 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: #SC24204960

Listing Office:

  • Office Name: BHGRE HAVEN PROPERTIES
  • Office Phone: (805) 441-3777
  • Listing Agent: Jeffrey Prostovich

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, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$504$47,467
2020$574$54,078
2019$529$51,624
2018$530$49,412
2017$526$49,040

History based on county public records data.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,061

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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.

Nearby Schools

school-card-donut-4421761
7
/10
  • Los Ranchos Elementary School

  • 5785 Los Ranchos Rd

  • 2.09 miles

  • Public District Grades KG-6

school-card-donut-4421762
7
/10
  • Sinsheimer Elementary School

  • 2755 Augusta St

  • 3.97 miles

  • Public District Grades KG-6

school-card-donut-4421763
5
/10
  • Hawthorne Elementary School

  • 2125 Story St

  • 4.77 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $88,194. Most San Luis Obispo, CA residents have annual incomes between $35k-100k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5385 Righetti Rd

What is the listing price of this property?

The listing price of 5385 Righetti Rd property is $3,000,000.

What type of property is this?

The property 5385 Righetti Rd is land located in San Luis Obispo, California, 93401.

Is this property for sale now?

Accepting Backup Offers: 5385 Righetti Rd 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 $504 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5385 Righetti Rd is 110.00 acres.
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Rocket HomesCaliforniaSan Luis Obispo CountySan Luis Obispo934015385 Righetti Rd

This home is located at 5385 Righetti Rd in San Luis Obispo, CA and zip code 93401. This home sits on a 110.00 acre lot. It has been listed on Rocket Homes since October 05, 2024 and is currently priced at $3,000,000.

In November 2024 more than 6 listings in San Luis Obispo, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 15 were sold below. Between October 2024 and November 2024, San Luis Obispo, CA real estate market has seen decrease in the number of listings by 16.4%. Listings spent 24 days on the market in November 2024, and had a median list price of $1,020,000 during the same period.

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

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