553 Rosemary, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 3 bed, 2 bath
553 Rosemary
Arroyo Grande, California 93420
Property Price
SUMMARY
Analysis of 553 Rosemary, Arroyo Grande, California 93420 reveals a property with a current list price of $1,249,000, which is 10% above the estimated $1,133,784 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 553 Rosemary Subject | $1,249,000* List Price | 3 | 2 | 1,867 | $607 | - |
A 649 Asilo Sold | $1,297,000 | 3 | 2 | 2,145 | $605 | 0.3 mi |
B 244 James Way Sold | $1,060,000 | 4 | 3 | 2,084 | $509 | 0.7 mi |
C 555 Ladera Pending | $999,000 List Price | 3 | 2 | 1,650 | $605 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2000, the home is well-maintained and move-in ready but remains largely in its original condition. The kitchen features dated tile countertops and older white appliances, while the bathrooms and light fixtures reflect builder-grade styles from two decades ago. It meets the 'fair' criteria as an aged property that is functional through regular upkeep but shows clear signs of being outdated compared to modern standards.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 = 12916, living area = 1867.
- Scenic Ocean Views
The property boasts impressive ocean and city light views from its elevated position in the Highlands at Rancho Grande, significantly increasing its market appeal and long-term value.
- Desirable Single-Level Layout
Featuring a spacious 1,867 sq. ft. single-story floor plan with an open kitchen and living area, this home is ideal for buyers seeking accessibility and effortless flow.
CONSRISKS & DEFICIENCIES
- Significant Price Adjustment
A substantial $250,000 price reduction from the original listing suggests the property may have faced challenges with initial market valuation or buyer interest.
- Dated Construction Era
Built in 2000, the home may require modern cosmetic updates or system refreshes to meet the expectations of contemporary luxury buyers in the Arroyo Grande market.
About 553 Rosemary
Tucked away in the serene Highlands at Rancho Grande, this 1,867 sq. ft. single-level home blends easy living with incredible ocean views. The open floor plan features a spacious kitchen with breakfast bar, dining area, and a living room centered around the fireplace. RV Parking, low maintenance yards and one of quietest neighborhoods in Arroyo Grande. The primary suite includes a walk-in closet, soaking tub, and a bonus seating area for relaxing. Very close to shopping, schools and the relaxing central coast beaches. Enjoy Central coast living, premier golf, fine dinning and world class wineries all withing minutes of your front door.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 12,916 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $28.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 1,867 | 2,114.5 | 45% |
| Lot Size | 12,916 | 9,373.5 | 61% |
| Price | $1.25M | $1.20M | 54% |
| Price per sq ft | $669 | $563 | 78% |
| Built year | 2000 | 1994 | 61% |
| HOA | $28.0 | $0 | 62% |
| Days on market | 157 | 184 | 39% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,249,000
Initial Listing
Price Change
Oct 1, 2025
$1,499,000
Initial Listing
Sold
May 12, 2011
$519,500
Public Record
Sold
Sep 9, 2003
$597,000
Public Record
Sold
Feb 23, 2001
$393,000
Public Record