Original Atascadero Colony home on almost four acres with five underlying lots. Amazing opportunity to restore this home and create a private oasis OR split into five parcels (each .5 acres or more). A preliminary map with five lots was conceptually approved a number of years ago, so check with the city for potential density increase. The current home creates an historic overlay (home must stay and future homes must conform with design elements). The main house is in need of some TLC, but still has much of its original charm. The staircase, glass-paned, double pocket doors, and built-in cabinets in the dining room are ready to inspire a whole house remodel. There are several outbuildings including a large, multi-room workshop and a covered parking area. Some buildings and sheds are in poor condition and may need to be taken down. A private driveway leads to the property, but the adjacent new home community already has a street ready to be connected for any future development. The current house is on city water and sewer.