556 Carmella, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 3 bed, 2 bath
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556 Carmella
Arroyo Grande, California 93420
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,026Sq Ft
6,098Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$808,763
SUMMARY
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $795,000—positioned well below the $808,763 Fair Market Value by 1.7%. This valuation gap offers $13,763 in Instant Equity. Featuring a Mint Condition Rating, the home includes a modern Open Concept Kitchen and a massive lot with ADU Development Potential. Located in the Lucia Mar Unified district, this property balances coastal lifestyle with financial stability. It is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors.
Estimated Market Value
$808,763
Based on Realkey algorithm analyzing recent comparable sales in Arroyo Grande.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 556 Carmella Subject 3 bd · 2 ba · 1,026 sqft · $788 | $795,000* List Price | 3 | 2 | 1,026 | $788 | - |
A 519 Starlight Sold 3 bd · 2 ba · 1,403 sqft · $599 · 0.3 mi | $840,000 | 3 | 2 | 1,403 | $599 | 0.3 mi |
B 1120 Sunset Sold 3 bd · 2 ba · 1,256 sqft · $677 · 0.7 mi | $850,000 | 3 | 2 | 1,256 | $677 | 0.7 mi |
C 1323 Glenbrook Sold 3 bd · 2 ba · 1,380 sqft · $652 · 0.2 mi | $900,000 | 3 | 2 | 1,380 | $652 | 0.2 mi |
D 1194 Fair Oaks Avenue Sold 2 bd · 1 ba · 798 sqft · $876 · 0.3 mi | $699,000 | 2 | 1 | 798 | $876 | 0.3 mi |
E 416 Bakeman Sold 3 bd · 2 ba · 1,380 sqft · $627 · 0.2 mi | $865,000 | 3 | 2 | 1,380 | $627 | 0.2 mi |
F 575 Carmella Drive Active 4 bd · 3 ba · 1,428 sqft · $578 · 0.0 mi | $825,000 List Price | 4 | 3 | 1,428 | $578 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Meticulously remodeled turnkey home with a brand new kitchen, fully updated bathrooms, new flooring, and fresh landscaping. The renovation appears to be less than 5 years old, meeting the criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Remodel
The home features a comprehensive interior renovation with premium finishes, including a chef-inspired kitchen and updated bathrooms, offering a move-in-ready experience for buyers.
- ADU Development Potential
The property sits on a generous 6,098 sqft lot with a versatile backyard, providing a clear opportunity to build an Accessory Dwelling Unit (ADU) for rental income or multi-generational living.
- Prime Coastal Location
Situated west of Highway 101, the residence offers exceptional access to world-class beaches, scenic hiking trails, and the highly desirable Central Coast lifestyle.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-07-24. The sold price is $655,000.00. The property was recently sold within the past year on 2026-06-22. The sold price is $525,000.00.
- Compact Living Space
At 1,026 square feet for a three-bedroom configuration, the interior footprint is relatively small, which may feel constrained for families requiring larger common areas.
- Lack of Scenic Views
Despite its proximity to the coast, the property does not offer the ocean or hillside views that are frequently prioritized by buyers in this price segment.
About 556 Carmella
Turnkey Coastal Luxury in Arroyo Grande! This meticulously remodeled 3BR/2BA home offers the perfect blend of modern elegance and beachside convenience. Located just minutes from the coast, every inch of this property has been upgraded with premium finishes. Interior Highlights: Open concept Kitchen: Features new cabinetry, sleek countertops, a stunning custom backsplash, nice island, and stainless steel appliances. Primary Suite: A peaceful sanctuary featuring a fully remodeled private en-suite. Guest Bath: Spacious guest bath with an updated vanity and deep soaking tub. Exterior & Bonus Features: Curb Appeal: Fully landscaped front yard with drought-tolerant plants and a classic privacy fence. Backyard Oasis: Massive, versatile lot with clear ADU potential—perfect for an investment or extended family. Parking: Large 2-car garage with ample storage space. Live minutes from world-class beaches, scenic hiking trails, and everything the Central Coast has to offer. Don't miss this coastal treasure!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,026 | 2,290.855 |
| Lot Size | 6,098 | 17,332.316 |
| Price | $795.0K | $1.21M |
| Price per sq ft | $775 | $575 |
| Built year | 1971 | 1994 |
| HOA | $0 | $155 |
| Days on market | 12 | 46 |
Pricing History
Listed for Sale
Oct 12, 2026
$795,000
Initial Listing
Sold
Jul 24, 2026
$655,000
Public Record
Sold
Jun 22, 2026
$525,000
Public Record