873 Mesa, Arroyo Grande, California 93420, Arroyo Grande, 93420 - 2 bed, 2 bath
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873 Mesa
Arroyo Grande, California 93420
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,091Sq Ft
3,980Lot Size
Property Price
LIST PRICE$552,000
EST. MARKET VALUE
$556,010
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $552,000—positioned well below the $556,010 Fair Market Value by 0.72%. This valuation gap offers $4,010 in Instant Equity. Featuring a Fair Condition Rating due to its original 1976 finishes, the home offers a versatile bonus room and a quiet cul-de-sac location. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a 55+ community.
Estimated Market Value
$556,010
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 |
|---|---|---|---|---|---|---|
★ 873 Mesa Subject 2 bd · 2 ba · 1,091 sqft · $510 | $552,000* List Price | 2 | 2 | 1,091 | $510 | - |
A 857 Mesa Drive Active 2 bd · 2 ba · 1,064 sqft · $578 · 0.0 mi | $615,000 List Price | 2 | 2 | 1,064 | $578 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1976 (48 years old) and explicitly described as retaining its 'original character,' this property falls into the poor category due to its age and lack of renovations. The kitchen and bathrooms feature original cabinetry and finishes, and the presence of popcorn ceilings and dated systems indicates a need for a full interior rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac with no through traffic, the property offers enhanced privacy and a peaceful living environment within a well-established neighborhood.
- Versatile Bonus Room
The inclusion of a flexible bonus room off the kitchen provides essential space for a home office, hobby room, or guest area, maximizing the home's functional square footage.
- Low-Maintenance Lifestyle
The fully fenced, low-maintenance yard is ideal for those seeking a lock-and-leave lifestyle, minimizing outdoor chores while remaining close to local shopping and medical services.
CONSRISKS & DEFICIENCIES
- Dated Interior Condition
Retaining its original 1976 character, the home likely requires significant cosmetic updates and modernization to meet current market standards and buyer expectations.
- Age-Restricted Community
As part of a 55+ community, the property is subject to age restrictions that limit the potential buyer pool and may impact long-term resale flexibility.
About 873 Mesa
Welcome home to this well-established 55+ community in Arroyo Grande, near the landmark Rose Victorian Inn! This classic 2-bedroom, 1.75-bath home offers approximately 1,091 square feet and has kept its original 1976 character, ready for you to add your own personal touches. A versatile bonus room off the kitchen can be whatever you need: a home office, hobby or craft room, cozy den, guest space, or extra storage. Outside, the low-maintenance yard is fully fenced, so you get more time to enjoy life and less time on yard work. The home sits at the end of a quiet cul-de-sac with no through traffic. You're only minutes from shopping, medical services, and the shops, restaurants, and small-town charm of the Village of Arroyo Grande.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 3,980 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 3.5 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,091 | 2,290.855 |
| Lot Size | 3,980 | 17,332.316 |
| Price | $552.0K | $1.21M |
| Price per sq ft | $506 | $575 |
| Built year | 1976 | 1994 |
| HOA | $0 | $155 |
| Days on market | 9 | 46 |
Pricing History
Listed for Sale
Oct 15, 2026
$552,000
Initial Listing
Sold
Jan 26, 2006
$370,000
Public Record
Sold
Nov 20, 2001
$192,000
Public Record
Sold
Apr 17, 1998
$111,000
Public Record