I wanted to answer your question as specific as possible, but as a Broker and Appraiser, it is nearly impossible to give you a answer without looking at the property or at least know the specifics of the property.
However, what I created for you is a 2010 CMA (Comparative Marketing Analysis). The CMA is the first step for an appraiser to look at to determine value of properties. I have uploaded the CMA to a back page on my web site at http://dnorwood.com/Documents/15_to_60_acres_sold_2010_SLO_C
Highest Price sold - $4,030,000
Low Price sold - $250,000
Median Price sold - $755,000
The neighborhood it very important, but the over view of what has been sold is a good guide--especially with homes on larger acreage. I would be happy to come out and give you a complete evaluation of your home. Call or email me at 805-471-0820 â€“ Toll Free 877-471-0828. David@dnorwood.com
In the mean time take a look at the CMA. I would appreciate it if you would let me know if this was helpful. If not, send me: An address or APN. Or, square footage, of structure and land, age, and condition of the home. I will be able to narrow down the criteria with this information. David Norwood