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1560 Phillips Lane, San Luis Obispo, CA 93401

$1.35M3bd · 3ba · 1,848 sqft
Lot 6,600 sqft•Single Family Residence•
Active
•12d on market•MLS# PI-26205639

Property Description

Welcome to 1560 Phillips Lane, a 1952 Cape Cod–style home tucked into the San Luis Obispo foothills near the Mill Street Historic District and within walking distance of Cal Poly. With its dormer windows, inviting front porch, established setting, and mountain views, the home offers an appealing urban cottagecore feel—classic cottage character with the convenience of an in-town location. Never before on the market, the home was built from L. F. Garlinghouse Company Plan No. 5035 and retains many of its original architectural details. The approximately 1,407 sq. ft. main residence features three bedrooms, one and a half baths, a formal dining room, kitchen with breakfast area, and attached one-car garage. Recent improvements include refinished original hardwood floors, fresh interior and exterior paint, new kitchen and laundry room flooring, updated bathrooms, a new range and microwave, and a tankless water heater. Outside, improvements include a new driveway, front-yard irrigation, refreshed landscaping, new gates, and an updated redwood front porch. The home offers the next owner an opportunity to continue the improvements. Also on the property is an original permitted secondary structure dating to the 1940s, offering approximately 441 sq. ft. of bonus space with a half bath. Recently improved with new flooring and fresh interior and exterior paint, this versatile space offers potential for a future ADU, extended living area, home office, studio, or guest space. Buyers should check with the City regarding requirements and permitting for their intended use. The spacious yard provides room for outdoor living, gardening, and entertaining. With its cottage character, in-town setting, recent improvements, and versatile secondary structure, 1560 Phillips Lane offers a unique combination of vintage charm and possibilities for the future.

Features & Amenities

FeeBuilt 1952

Property Details

Land Type
Fee
Year Built
1952
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
1
Heating
None
Cooling
None
View
Hills
Flooring
Vinyl, Wood
Roof
Composition
City
San Luis Obispo
Zip Code
93401
County
San Luis Obispo
Listed byUnknown Office, Eileen Ellison

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,826.33
Principal & Interest
Loan Amount
$1,080,000
Total Interest
$1,377,480
Total Payment Over 30 Years
$2,457,480
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

1560 Phillips Lane, San Luis Obispo, CA 93401

San Luis Obispo · Single Family Residence

$1.35M
Residential Tier
Beds
3
Baths
3
Sqft
1,848
Lot
6,600 sqft
Year
1952
$/Sqft
$731
Pool: No✓
Spa: No✓
View: mountain✓
Garage: 1-car✓

Listed 16.9% above the median closed sale of $1,155,000. Closed comps sold at 101% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.35M· $731/sqft
Total list price
Closed comps
vs closed median $1.16M
+$195K (+16.9%)
Active comps
vs active median $1.03M
+$321K (+31.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $652
+$79 (+12.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
133 TassajaraSan Luis Obispo1944331,6945,251$708$1.20M3387
195 Tango WaySan Luis Obispo2024331,7104,657$532$910,0009080
213 Kitty Hawk CourtSan Luis Obispo2026331,8113,749$568$1.03M7780
615 Grove StreetSan Luis Obispo1939331,7486,098$958$1.68M5478
1284 Oceanaire DriveSan Luis Obispo1970321,8916,422$494$935,0001278
Total: 5 · Average3.02.81,770.85,235.4$652$1.15M53.2
Median1,748$1.03M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1330 Oceanaire DriveSan Luis Obispo196709/01/2026231,8817,200$1.38M$1.42M$7551.034686
1351 Avalon StreetSan Luis Obispo196308/31/2026321,6656,000$925,000$935,000$5621.013985
844 Escuela CourtSan Luis Obispo198509/30/2026331,7007,405$1.19M$1.16M$6790.979484
321 Tolosa WaySan Luis Obispo195110/02/2026321,6527,333$1.29M$1.35M$8171.042779
3016 Arezzo DriveSan Luis Obispo202008/11/2026331,5674,568$1.08M$1.08M$6921.0113778
Total: 5 · Average2.82.61,6936,501.2$1.19M$1.19M$701—68.6
Median1,665$1.16M$1.16M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.