312 Alder Street, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 3 bed, 2 bath
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Arroyo Grande, California 93420
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,150,000. While priced slightly above the $1,079,854 Fair Market Value, the property offers significant long-term potential through its Approved ADU and Garage Plans. Featuring a Mint Condition Rating with modern farmhouse finishes, this home provides immediate lifestyle benefits near the Village of Arroyo Grande and top-tier schools in the Lucia Mar Unified district. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with built-in expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 Alder Street Subject | $1,150,000* List Price | 3 | 2 | 2,200 | $491 | - |
A 403 Beech Sold | $1,100,000 | 4 | 3 | 2,496 | $441 | 0.1 mi |
B 432 California Street Sold | $1,170,000 | 4 | 3 | 2,359 | $496 | 0.9 mi |
C 852 Willow Sold | $990,000 | 4 | 3 | 2,386 | $415 | 0.4 mi |
D 280 Chelsea Court Sold | $975,000 | 3 | 2 | 2,154 | $453 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1950, the property has undergone a comprehensive recent renovation (likely <5 years) including a new roof, upgraded replacement windows, fresh interior/exterior paint, and modern farmhouse finishes. The home is in mint, move-in ready condition with updated systems and high-end curb appeal.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10356, living area = 2200.
The property comes with approved plans for a two-car garage and an ADU, providing a rare opportunity for immediate value-add, rental income, or multi-generational living.
Extensive recent updates including a new roof, upgraded windows, fresh paint, and professional landscaping ensure a move-in-ready experience with minimized immediate capital expenditures.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10356, other record lot size in square feet = 17057.
While plans are approved, the current absence of a garage may be a deterrent for buyers requiring immediate covered parking or secure storage.
Originally built in 1950, the home may have underlying utility or structural elements that, despite cosmetic updates, could require more maintenance than a modern build.
Welcome to 312 Alder Street in Arroyo Grande, a beautifully updated 3-bedroom, 2-bath corner lot home that blends modern farmhouse style with everyday comfort. Inside, you’ll find warm hardwood floors, fresh interior and exterior paint, and an abundance of natural light flowing through upgraded replacement windows. The thoughtfully designed layout includes a versatile bonus room—perfect for a home office, creative space, or guest area—as well as a full laundry room for added convenience. Recent improvements, including a new roof, provide peace of mind, while the home’s clean, updated aesthetic makes it truly move-in ready. Step outside to enjoy a new roof, new paint, newly completed landscaping and a welcoming new front porch, enhancing the home’s curb appeal and creating the perfect space to relax and unwind. The property also offers RV parking and ample room for outdoor living, entertaining, or future expansion. Adding even more value, the home comes with approved plans for a two-car garage and an ADU, presenting an exceptional opportunity for additional living space or rental income. Ideally located near Harloe Elementary School, AG Community Hospital, the Village of Arroyo Grande, local shops, and Central Coast beaches, this home delivers the perfect balance of style, functionality, and long-term potential.
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 | 41% |
| Square foot | 2,200 | 2,154 | 51% |
| Lot Size | 10,356 | 11,908 | 46% |
| Price | $1.15M | $1.15M | 50% |
| Price per sq ft | $523 | $536 | 46% |
| Built year | 1950 | 1989 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 137 | 3% |
May 21, 2026
$1,150,000
Initial Listing
May 1, 2025
$900,000
Public Record