705 Asilo, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 4 bed, 3 bath
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Arroyo Grande, California 93420
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,315,000—positioned well below the $1,338,227 Fair Market Value by 1.7%. This valuation gap offers $23,227 in Instant Equity. With a Condition Rating of 4, the property offers significant potential for cosmetic modernization to match its premium Lucia Mar Unified school district location. Featuring a Main-Level Primary Suite, expansive backyard with putting green, and versatile bonus space, this home is ideal for Owner-Occupants or value-add investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 705 Asilo Subject | $1,315,000* List Price | 4 | 3 | 2,735 | $489 | - |
A 680 Matthew Way Sold | $1,625,000 | 4 | 3 | 2,676 | $607 | 0.1 mi |
B 1024 Robin Circle Sold | $1,100,000 | 3 | 3 | 2,446 | $450 | 0.9 mi |
C 555 Ladera Sold | $975,000 | 3 | 2 | 1,650 | $591 | 0.9 mi |
D 585 Via La Barranca Active Under Contract | $1,099,000 List Price | 3 | 3 | 1,945 | $565 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (28 years old), the property is in original condition and appears dated. The kitchen features 90s-era tile countertops and white appliances, while the bathrooms retain original gold-tone fixtures and wallpaper. The carpeting shows visible wear and staining, indicating a need for cosmetic updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11234, living area = 2735.
The highly desirable first-floor primary suite offers long-term accessibility and convenience, a premium feature for buyers seeking single-level living functionality.
The massive 20x25 fourth bedroom and additional loft provide exceptional flexibility for a home theater, executive office, or conversion into multiple additional bedrooms.
The three-car garage utilizes a tandem bay, which can be less convenient for daily vehicle access and maneuvering compared to a standard side-by-side layout.
Built in 1998, the property may require cosmetic updates to the kitchen and bathrooms to meet the aesthetic expectations of modern luxury buyers in this price point.
705 ASILO THE HIGHLANDS OF RANCHO GRANDE On the first floor of this wonderful home, there is a Living Room, Dining Room, Family Room, Kitchen and Breakfast area. The Primary Suite is also on the first floor as well as the Powder Room and Laundry Room. Upstairs there is a large Loft, 2 more Bedrooms and another Bathroom. The 4th bedroom is a huge room approximately 20x25 sq ft. Of course, it could be a very large bedroom but also has many other possibilities of a bonus, media, game room or could be made into 2 more bedrooms or any combination of these. Garage has 3 bays with a tandem bay for a car, workshop or storage. Expansive back yard patio would be great for family gatherings or entertaining friends. There is also a BBQ and a putting green. $1,315,000
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,735 | 2,154 | 72% |
| Lot Size | 11,234 | 11,908 | 48% |
| Price | $1.31M | $1.15M | 65% |
| Price per sq ft | $481 | $536 | 29% |
| Built year | 1998 | 1989 | 61% |
| HOA | $33.0 | $0 | 65% |
| Days on market | 4 | 137 | 3% |
Jun 2, 2026
$1,315,000
Initial Listing
Jul 17, 1998
$307,000
Public Record