634 S Halcyon, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 3 bed, 2 bath
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Arroyo Grande, California 93420
This High-Potential Investment Opportunity is a 3-bedroom Single Family Residence listed at $849,000, positioned well below the $865,661 Fair Market Value by 2%. This valuation gap offers $16,661 in Instant Equity. With a Condition Rating of 3, the home features recent turn-key renovations and significant ADU Development Potential via pre-installed utility conduits. Located in the Lucia Mar Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 634 S Halcyon Subject | $775,000* List Price | 3 | 2 | 1,394 | $592 | - |
A 1176 Maple Street Sold | $760,000 | 3 | 2 | 1,303 | $583 | 0.8 mi |
B 857 Forest Glen Drive Sold | $989,000 | 3 | 2 | 1,610 | $614 | 0.2 mi |
C 555 S Halcyon Sold | $750,000 | 4 | 2 | 1,498 | $501 | 0.2 mi |
D 1484 Ash Street Sold | $730,000 | 3 | 2 | 1,370 | $533 | 1.0 mi |
E 830 Pearl Sold | $790,000 | 3 | 2 | 1,098 | $719 | 0.6 mi |
F 1120 Sunset Sold | $850,000 | 3 | 2 | 1,256 | $677 | 0.8 mi |
G 807 Park Way Sold | $721,000 | 3 | 2 | 1,344 | $536 | 0.7 mi |
H 544 Carmella Sold | $775,000 | 3 | 2 | 1,120 | $692 | 0.6 mi |
I 1015 Sycamore Active | $894,000 List Price | 3 | 2 | 1,515 | $590 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1970, the property has undergone a significant recent cosmetic refresh including new flooring, interior paint, and extensive exterior work (landscaping, fencing, and retaining walls). The kitchen remains dated with older appliances and painted original cabinetry, but the home is well-maintained, functional, and move-in ready with updated systems prep for a future ADU.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9000, living area = 1394.
The property has undergone significant recent upgrades including new flooring, interior paint, light fixtures, and landscaping, offering a move-in-ready experience with the 'heavy lifting' already completed.
The large 9,000 sqft lot features a dedicated section with electrical, water, and plumbing conduits already run underground, significantly reducing the cost and effort required to build an Accessory Dwelling Unit.
Built in 1970, the property may still have original underlying systems or structural elements that require long-term maintenance despite the recent cosmetic and surface-level renovations.
With 1,394 square feet of living space for a three-bedroom home, the interior layout may feel somewhat restrictive for buyers seeking expansive common areas or larger bedroom dimensions.
This 3 bed/2bath single level home is all fixed up and ready for its new owner. The sellers have done the heavy lifting (and investing) so you don't have to. New retaining wall, fencing, landscaping, flooring, light fixtures, interior paint... and the list goes on. The home is situated above street level for added privacy. The large backyard has electrical, water and plumbing conduit run underground to a carve-out section in the back yard that would be perfect for an ADU. Close to Harloe Elementary, AG hospital, shopping and the beach.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,394 | 2,434.5 |
| Lot Size | 9,000 | 19,593.3 |
| Price | $775.0K | $1.15M |
| Price per sq ft | $556 | $545 |
| Built year | 1970 | 1997 |
| HOA | $0 | $152 |
| Days on market | 21 | 49 |
Jul 9, 2026
$775,000
$849,000
-9% Price Drop
Initial Listing
Jul 1, 2026
$849,000
Initial Listing