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650 Mulberry LaneArroyo Grande, CA 93420Price: $799,000

  • Price: $799,000
  • Est. Mortgage of $/month
  • 23 Days on Market
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $799,000List Price
  • 0.22Acreage
Investor, 1031, maybe even vacation rental special on the corner of Mulberry and Magnolia – this 4/2 home with a woodburning gas fireplace in the main home and a separate 24' x 12' permitted studio with beautiful original details, like the Santa Margarita fossil stone wood-burning gas fireplace and vintage light fixtures. The studio, with toilet, sink, and plumbed with shower drain, has functioned as an art studio, office, study, guest cottage, and music room. New relaxed Accessory Dwelling Unit (ADU) laws make this property perfect for investors or homeowners for potential rental income. Add the additional plumbing to create a shower and talk to the City of Arroyo Grande about adding any ADU kitchen requirements. In the main house, the kitchen has oak cabinetry with pull-out drawers so you can easily access whatever you need. The stainless-steel dishwasher and fridge are both new in 2022. You'll love the pergola view from the kitchen sink. In fact, every room has views of trees, hills, or the garden. Crafted in the studio by the previous owner, the dining room built-in buffet with pass-through from the kitchen showcases stained glass cabinet doors. Wood floors and built-in under-window storage further enhance the spacious dining room. It opens to an English cottage garden California-style, complete with the cottage/studio and eco-friendly features. All exits have sturdy screen doors with yale locks that allow you to bring the outdoor air in while keeping insects out and maintaining security. On one of the neighborhood’s largest corner lots, the eco-friendly property has a mulched garden with drought-tolerant plants and year-round blooms. You'll also enjoy the lavender, rosemary, and Meyer lemon, orange, grape, apple, grapefruit, Asian persimmon, and pineapple guava trees in the garden. The backyard can be accessed for RV parking and the City of Arroyo Grande is one of the few in the area that allows RV pads in side yards! The oversized 2-car garage also has built-in cabinets. Solar panels reduced the seller’s electricity bill to just $55/month (plus lease), and with water collectors at the downspouts, sprinklers, overhead, and drip irrigation, you can save even more on your water bill – the seller pays $80-95/mo. Plus, extra attic insulation ensures that this home is energy efficient year-round.
Listed by Debbie Peterson of Peterson Team Realty

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Based on information submitted to CRMLS as of December 8, 2022 6:25 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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