
Arroyo Grande, California 93420
This Charming Move-In Ready Home is a Strong Value Opportunity, listed at $865,000—positioned well below the $865,642 Fair Market Value by 0.07%. Featuring a Condition Rating of 3, the property offers a blend of vintage character and modern updates, including a private patio and expansive lot with ADU potential. Located in the desirable Fair Oaks neighborhood near Margaret Harloe Elementary, this home provides both lifestyle convenience and long-term growth potential. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a stable, well-maintained residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 Fair Oaks Avenue Subject | $865,000* List Price | 3 | 2 | 1,391 | $622 | - |
A 1176 Maple Street Sold | $760,000 | 3 | 2 | 1,303 | $583 | 0.4 mi |
B 612 Gaynfair Sold | $839,000 | 3 | 2 | 1,700 | $494 | 0.4 mi |
C 1484 Ash Street Sold | $730,000 | 3 | 2 | 1,370 | $533 | 0.7 mi |
D 1120 Sunset Sold | $850,000 | 3 | 2 | 1,256 | $677 | 0.4 mi |
E 555 S Halcyon Sold | $750,000 | 4 | 2 | 1,498 | $501 | 0.3 mi |
F 857 Forest Glen Drive Sold | $989,000 | 3 | 2 | 1,610 | $614 | 0.3 mi |
G 444 Walnut Pending | $899,000 List Price | 3 | 2 | 1,352 | $665 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1930, the property is immaculately maintained and move-in ready with recent cosmetic updates including fresh paint, new lighting, and professional landscaping. The kitchen and bathrooms appear to be from a high-quality renovation approximately 15-20 years ago (honey oak cabinetry and tile counters), fitting the 'Good' criteria for well-maintained and functional systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9350, living area = 1391.
This 1930s home seamlessly blends original character, such as coved ceilings and hardwood floors, with contemporary updates including fresh paint and new lighting, offering a move-in ready experience with unique vintage appeal.
The oversized 9,350 sqft lot features dedicated RV/boat storage and a flexible rear area, providing significant value-add potential for a future Accessory Dwelling Unit (ADU) or outdoor expansion.
Built in 1930, the home's original footprint may feature smaller secondary bedrooms and a layout that lacks the open-concept flow often preferred by modern buyers.
At a list price of $865,000 for 1,391 square feet, the property commands a premium price point that may challenge buyers focused on maximizing interior living space relative to their investment.
Located in Arroyo Grande’s desirable Fair Oaks neighborhood, this charming & freshly updated 3-bedroom, 2-bath home combines classic California character with stylish upgrades & flexible outdoor space. Set on an oversized lot, the property is conveniently located within walking distance of Margaret Harloe Elem. School & Arroyo Grande Comm. Hospital & offers easy access to many California Central Coast amenities. The home’s distinctive architecture is defined by its low-profile roofline, deep overhanging wood-shingled eaves, & classic stucco exterior. The property has been immaculately maintained & thoughtfully refreshed, while retaining details that reflect its original character. Its vintage vibe is accentuated by original hardwood flooring, coved & arched ceiling & bay windows in 2 bedrooms. The kitchen & dining area feature glass French doors that open to a private patio courtyard, creating an easy connection between indoor/outdoor living & is ideal for dining or morning coffee. The spacious primary suite offers extensive closet & storage space, along with a large sliding glass door that accesses a private, fenced patio & multipurpose side yard. This versatile area provides an opportunity for a hot tub or sauna. Recent improvements include fresh interior paint throughout, new lighting & ceiling fans, updated switch plates, a new hall bath toilet, & refreshed front door paint & hardware. The outdoor areas have also been updated, including new stucco on the side retaining wall, flower beds, front yard pilasters, & refreshed landscaping with plants, mulch, & hardscape. The shingle eaves have been professionally cleaned & stained. The attached two-car garage has skylights, ample storage, a side pedestrian door, & direct access to the interior laundry room. The laundry room offers additional storage, a 240V electrical outlet, & access to the basement. A welcoming front yard is anchored by a large, stately mature tree that provides shade & a distinctive presence. At the rear of the property, a separately paved & fenced area offers flexible space for RV or boat storage, with potential for future ADU expansion. Well cared for & move-in ready, this home combines its great neighborhood location with the comfort & convenience of recent updates. The location offers easy access to the 101 Freeway, beaches, wine country, dining, recreation, & everyday amenities, while retaining the relaxed community feel that makes Arroyo Grande such a desirable place to live.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,391 | 2,331.603 |
| Lot Size | 9,350 | 18,472.583 |
| Price | $865.0K | $1.18M |
| Price per sq ft | $622 | $566 |
| Built year | 1930 | 1994 |
| HOA | $0 | $161 |
| Days on market | 28 | 46 |
Aug 12, 2026
$865,000
Initial Listing
Sep 18, 2002
$355,000
Public Record
Sep 18, 2002
$260,000
Public Record
Jun 18, 2002
$250,000
Public Record