
Arroyo Grande, California 93420
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well above the $664,122 Fair Market Value by 19%. While the home features a new 2025 roof and fresh paint, the Condition Rating of 5 reflects original 1962 interiors requiring a full renovation. The property offers a functional layout and a private patio, providing a solid foundation for value-add projects. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to modernize a well-located Arroyo Grande asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1522 Chilton Subject | $795,000* List Price | 3 | 2 | 1,200 | $553 | - |
A 1065 Sunset Drive Sold | $658,000 | 2 | 1 | 1,038 | $634 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Although the property features a new roof (2025) and fresh interior/exterior paint, the kitchen and bathrooms are original to the 1962 build (>60 years old). The knotty pine cabinetry, tiled countertops, and vintage appliances are significantly outdated and require a full rehab to meet modern standards.
The property features a brand-new roof installed in September 2025, significantly reducing immediate maintenance concerns and providing long-term value for the buyer.
Extensive cosmetic updates, including fresh interior and exterior paint, new carpeting in bedrooms, and new blinds, offer a clean and refreshed aesthetic for immediate occupancy.
Conveniently located with easy access to the freeway and close proximity to essential services such as shopping, banking, and medical care in Arroyo Grande.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1111.
The home retains its 1962 original floor plan, which may feel dated or restrictive to buyers looking for modern, open-concept living spaces.
The property does not offer any scenic views, which may be a drawback for buyers prioritizing the coastal or hillside vistas common in the Central Coast region.
Charming 3 Bedroom, 2 Bathroom Home with Fresh Updates Welcome to this inviting 3-bedroom, 2-bath home that blends original character with thoughtful modern updates. Recently refreshed inside and out, this home feels bright, clean, and move-in ready. Roof replaced Sept. 2025 making it less than a year old. Step inside to find fresh interior paint, brand-new carpet in bedrooms, and new blinds throughout, creating a crisp and comfortable atmosphere. The home retains its original layout and charm, offering a solid foundation for your personal touch or future upgrades. Outside, the new exterior paint enhances curb appeal and gives the home a renewed presence in the neighborhood. This home is close to shopping, banking, medical care, and easy access to the freeway. Whether you're a first-time home buyer, investor, or someone looking for a home with great potential, this property delivers comfort, value, and opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,200 | 2,215.5 | 9% |
| Lot Size | 6,156 | 13,384 | 22% |
| Price | $795.0K | $1.16M | 21% |
| Price per sq ft | $662 | $536 | 81% |
| Built year | 1962 | 1989 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 130 | 5% |
Jun 5, 2026
$795,000
$825,500
-4% Price Drop
Initial Listing
May 29, 2026
$825,500
Initial Listing