
Arroyo Grande, California 93420
This Turnkey Farmhouse Retreat is a Strong Value Opportunity, listed at $919,000—positioned well below the $975,182 Fair Market Value by 5%. This valuation gap offers $56,182 in Instant Equity. Featuring an Excellent Condition Rating with modern kitchen finishes and a versatile detached cottage, the property offers a serene creekside lifestyle. Its combination of modern upgrades and rental potential makes it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home near the Historic Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 Tally Ho Subject 3 bd · 2 ba · 1,368 sqft · $672 | $899,000* List Price | 3 | 2 | 1,368 | $672 | - |
A 565 Rosemary Ln Sold 3 bd · 2 ba · 1,867 sqft · $611 · 0.9 mi | $1,140,000 | 3 | 2 | 1,867 | $611 | 0.9 mi |
B 407 Chaparral Sold 4 bd · 2 ba · 1,575 sqft · $610 · 0.6 mi | $960,000 | 4 | 2 | 1,575 | $610 | 0.6 mi |
C 330 Stagecoach Sold 4 bd · 2 ba · 1,713 sqft · $628 · 0.5 mi | $1,075,000 | 4 | 2 | 1,713 | $628 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been thoroughly remodeled within the last five years, meeting the criteria for excellent condition. It features a modern kitchen with quartz countertops, updated bathrooms with subway tile, and significant system upgrades including new plumbing, electrical, and a newer furnace.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12135, living area = 1368.
The property has been meticulously updated over the last five years with new plumbing, electrical, a newer furnace, and high-end finishes, offering the charm of a 1930s farmhouse with the reliability of a modern build.
The inclusion of a detached cottage featuring a full bathroom provides excellent flexibility for use as a guest suite, home office, or rental unit, significantly increasing the property's functional utility.
At 1,368 square feet for a three-bedroom configuration, the interior living space may feel constrained for buyers seeking larger communal areas or expansive room sizes.
The use of a spiral staircase to access the loft bedroom may pose mobility challenges and could be a deterrent for families with small children or elderly occupants.
~Seller financing available~ Just a ten-minute stroll from Arroyo Grande's Historic Village, sits 280 Tally Ho Road offering a serene blend of nature and privacy, with a beautifully renovated 1930s farmhouse and detached cottage, all within a few blocks of the Village's charming shops and dining! Thoroughly remodeled over the past five years, the home showcases modern finishes throughout. The kitchen features shaker cabinets, honed dark quartz countertops, and a stylish hexagon mosaic backsplash, and the remodeled bathrooms offer white subway tile and custom vanities. Additional upgrades include wide plank flooring, dual-pane windows, recessed LED lighting, hand-troweled drywall, fresh paint, new doors, a newer furnace, and upgraded plumbing and electrical. The main level offers two bedrooms and two bathrooms, including a spacious primary suite overlooking the colorful, bright front yard. A spiral staircase leads upstairs to a large loft bedroom with closet storage and its own exterior stairway entrance. The detached cottage has a full bathroom and stylish finishes, making it perfect for visitors or as a home office or gym. The Creekside setting creates an incredible microclimate, with established tangerine, pear, plum, passionfruit, and blackberry plantings and plenty of room for your garden to flourish. Set on nearly a third of an acre, the backyard is perfect for pets and playtime on the grass. Decomposed granite pathways wind through the space to a firepit for gathering in the evening, and a shed, swing set, and small chicken coop complete this peaceful retreat. A Trex deck leads out to the front yard, and a large concrete patio sits between the home and cottage in back. The extra-long driveway offers plenty of parking, and the detached two-car garage is a pull-through, providing access to the backyard for future projects. Tally Ho is a one-of-a-kind neighborhood, friendly and quiet, just 15 minutes from downtown San Luis Obispo and the beach!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,368 | 2,290.855 |
| Lot Size | 12,135 | 17,332.316 |
| Price | $899.0K | $1.21M |
| Price per sq ft | $657 | $575 |
| Built year | 1938 | 1994 |
| HOA | $0 | $155 |
| Days on market | 19 | 46 |
Oct 20, 2026
$899,000
$919,000
-2% Price Drop
Initial Listing
Oct 5, 2026
$919,000
Initial Listing
Jun 20, 2025
$835,000
Public Record
Jul 29, 2019
$685,000
Public Record
Jan 13, 2017
$630,000
Public Record
Sep 29, 2009
$335,000
Public Record
Jul 27, 2006
$482,500
Public Record
Dec 18, 2000
$285,000
Public Record