245 Walnut Street, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath

245 Walnut Street, Arroyo Grande, California 93420 home-pic-0

245 Walnut Street

Arroyo Grande, California 93420

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,062Sq Ft
13,420Lot Size

Property Price

LIST PRICE$1,350,000
EST. MARKET VALUE
$1,160,864
16% AboveMARKET VALUE

SUMMARY

Analysis of 245 Walnut Street, Arroyo Grande, California 93420 reveals a property with a current list price of $1,350,000, which is 16% above the estimated $1,160,864 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Arroyo Grande Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,160,864
Based on Realkey algorithm analyzing recent comparable sales in Arroyo Grande.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
245 Walnut Street
Subject
$1,350,000*
List Price
432,062$563-
A
174 Pine Street
Sold
$1,040,000421,852$5620.2 mi
B
432 California Street
Sold
$1,170,000432,359$4961.0 mi
C
1566 Hillcrest
Pending
$1,095,000
List Price
422,125$5151.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant modern updates that overcome its 1973 build date. Key highlights include a stylish kitchen with stainless steel appliances and a breakfast bar, updated flooring throughout, and the addition of an owned solar system and central HVAC. The presence of a detached ADU and a large primary suite with a 12x12 walk-in closet indicates extensive renovations and well-maintained systems that meet contemporary standards.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13420, living area = 2062.

  • Detached ADU

    The property features a versatile detached ADU with its own bathroom, walk-in closet, and pantry, offering significant potential for rental income or multi-generational living.

  • Energy Efficiency & Modern Amenities

    Equipped with an owned solar system for reduced utility costs, the home also includes central heating and A/C, ensuring year-round comfort and sustainability.

CONSRISKS & DEFICIENCIES

  • Lack of Scenic Views

    Despite its prime Central Coast location, the property lacks the ocean or hillside views that are highly coveted in the Arroyo Grande real estate market.

  • 1970s Era Construction

    Built in 1973, the home may require more frequent maintenance or further updates to its original structural components compared to newer builds in the area.

About 245 Walnut Street

Experience the best of Central Coast living in this Arroyo Grande gem, where comfort, style, and opportunity come together. Situated on a generous 1/3 acre lot, this single level 3 bedroom, 2 bath residence is complemented by a versatile detached ADU with its own bath, walk-in closet, and pantry, offering space for extended family, guests, or rental income. Inside, the home welcomes you with abundant natural light, updated flooring, and an inviting layout. The kitchen is both functional and stylish, featuring stainless steel appliances, plentiful counter space, and a breakfast bar that opens to the dining and living areas, perfect for everyday living and entertaining alike. The private primary suite is a true retreat, complete with a full bath, an impressive 12x12 walk-in closet, and direct access to the expansive backyard. Outdoors, enjoy your own sanctuary with a built-in BBQ, ample room for gardening, and space to gather under the California sun. Modern amenities include an owned solar system for energy savings and central heating and A/C for year-round comfort. All of this just moments from the Village of Arroyo Grande, the beaches of Pismo, and the renowned Edna Valley wine country, with easy access to Highway 101. This property offers not just a home, but a lifestyle versatile, efficient, and perfectly placed on the Central Coast.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1973
Lot Size
13,420 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
63%
Baths3.03.0
50%
Square foot2,0622,114.5
49%
Lot Size13,4209,373.5
61%
Price$1.35M$1.20M
63%
Price per sq ft$655$563
75%
Built year19731993
23%
HOA$0$0
50%
Days on market144184
34%

Pricing History

Listed for Sale

Oct 14, 2025

$1,350,000

Initial Listing

Sold

Mar 15, 2013

$360,000

Public Record

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