514 38th St, Paso Robles, CA 93446

3 beds, 1 bath, 1,438 sqft
For Sale
$490,000
Zestimate®: $462,690
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Here is a rare opportunity to acquire a ready-to-build 14 unit Planned Unit Development (PUD), on the Westside! Located at edge of city limits in the N/W corner of Paso Robles, this 1+/- AC site includes all entitlements, full construction docs AND ready to pick up permits for 14 Spanish style townhouse units. Extensive design consideration & attention was given to this project, which yields a very attractive finished product in an already strong entry-level market. No inclusionary housing requirements! And the city fees to pick up the approved permits are based on lower rates than are currently available. Existing 3 bedroom home provides a solid income source ($1,100/mo) until you break ground. Not looking to do a residential development?! Consider resubmitting for approvals on a high density multi-family project? Build to keep, or possibly sell off new 3-plex or 4-plex buildings.or as MF lots! (the Multi-family market is HOT!) Offered at only 35K/residential unit land cost (x 14).  MoreLess
Facts
  • Lot: 1.01 acres
  • Single Family
  • Built in 1942
  • 130 days on Zillow
  • Heating: Other
  • Last sold: Feb 2004 for $250,000
  • Price/sqft: $341
  • MLS #: 1043257
Features
  • Parking: Garage - Attached, 1 space
    Construction
    • Construction quality: 6.0
    • Roof type: Other
    • Room count: 6
    • # Stories: 1.0
    • Structure type: Other
    • Unit count: 1
    Other
    • Floor size: 1,438 sqft
    • Parcel #: 008011089
    • Zillow Home ID: 82959912
    Home Values
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    $462,690
    +$54,403 Last 30 daysd
    $407K
    $504K
    Zestimate range
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    $1,773/mo
    +$80 Last 30 daysd
    $1.4K
    $2.5K
    Zestimate range
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    Neighborhood for 514 38th Street

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    Zillow predicts 93446 home values will rise 7.2% next year, compared to a 7.3% rise for Paso Robles as a whole. Among 93446 homes, this home is 25% more expensive than the midpoint (median) home, and is priced 47.8% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In the 93446 market, the number of foreclosures waiting to be sold dropped 22.7% in the last year. The number of unsold foreclosures is 2.6% higher than in Paso Robles, and 41.8% less than the national average. This higher local number may prevent 93446 home values from rising as quickly as other regions in Paso Robles.

    Learn more about forecast calculations or 93446 home values.
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      Are you an agent looking for more exposure for yourself or your listings? Call Zillow at 866-324-4005

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