232 S Elm, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 2 bed, 3 bath
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Arroyo Grande, California 93420
This Turn-Key Townhouse is a High-Potential Investment Opportunity listed at $618,000—positioned well below the $638,827 Fair Market Value by 3%. This valuation gap offers $20,827 in Instant Equity for incoming buyers. Featuring a Move-In Ready Condition Rating, the home boasts vaulted ceilings, a spacious loft, and a modernized kitchen with new appliances and countertops. Located in the Lucia Mar Unified district with a private enclosed patio, it balances lifestyle comfort with financial growth. This is an ideal fit for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 S Elm Subject | $615,000* List Price | 2 | 3 | 1,331 | $464 | - |
A 1172 Pacific Pointe Way Sold | $701,000 | 3 | 2 | 1,326 | $529 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turn-key condition with significant recent interior updates including new kitchen appliances and fresh countertops. While the structure dates back to 1983, the interior features modern aesthetic elements like vaulted ceilings and a spacious loft. It appears well-maintained with no immediate major repairs required, fitting the criteria for a property that has been updated and maintained despite its age.
The home is move-in ready with significant interior updates, including new kitchen appliances and fresh countertops, reducing immediate post-purchase costs for the buyer.
Soaring vaulted ceilings and a spacious loft with built-in cabinetry create an open, light-filled atmosphere that makes the 1,331 square feet feel much larger and more modern.
The inclusion of an oversized two-car garage with built-in storage is a premium feature for a townhouse, providing ample space for vehicles and gear.
The $430 monthly HOA fee represents a significant recurring carrying cost that may impact the purchasing power and debt-to-income ratios for some buyers.
Built in 1983, the property may soon require maintenance or updates to original major systems and common area components typical of a 40-year-old complex.
Turn-key and ideally located in Arroyo Grande, 232 S Elm St offers a light-filled, easy-living layout with soaring vaulted ceilings and an inviting great room anchored by a cozy fireplace. French doors open to a private enclosed patio—perfect for morning coffee, container gardening, or outdoor dining. The dining area flows seamlessly from the main living space, and the home features new kitchen appliances and new countertops for a fresh, move-in-ready feel. Upstairs, enjoy a spacious loft with built-in cabinetry—ideal for a home office or flex space—plus a generous primary suite with vaulted ceilings and sliding doors to a private balcony. Additional highlights include an oversized 2-car garage with built-in storage. Convenient to shopping, dining, and the charm of Arroyo Grande—don’t miss this wonderful opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,331 | 1,326 | 67% |
| Lot Size | 1,331 | 1,500 | 33% |
| Price | $615.0K | $615.0K | 50% |
| Price per sq ft | $462 | $462 | 50% |
| Built year | 1983 | 1984 | 33% |
| HOA | $430.0 | $205 | 67% |
| Days on market | 76 | 152 | 33% |
Mar 30, 2026
$615,000
$618,000
+0% Price Increase
Initial Listing
Feb 5, 2026
$618,000
Initial Listing
Sep 3, 2021
$435,000
Public Record
Jun 15, 2010
$260,000
Public Record
Apr 11, 2008
$342,000
Public Record
May 28, 1999
$138,000
Public Record