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508 Arroyo Avenue

508 Arroyo Avenue, Arroyo Grande, CA 93420
Property in San Luis Obispo
Sold Sep 22, 2004
$455,000
$254,000 by Equity Prime Mortgage Llc
Mortgage Due Apr 01, 2036
Sold Aug 14, 1998
$180,000
$144,000 by Comunity Lending
Mortgage Due Sep 01, 2028
508 Arroyo Avenue in Arroyo Grande, CA was first built in 1988 and is 36 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 508 Arroyo Avenue has 1,563 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,000 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 508 Arroyo Avenue was last sold in Aug 25, 2004 for $455,000. According to our calculations, that's $291.11 per sqft. Prior to that sales transaction, the property was sold for $180,000 in Jul 8, 1998. Current property owners are expected to pay $6,312 in taxes per year. The property on 508 Arroyo Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $609,589. To break that down further, the land itself was valued at $355,037. While improvements to the property were assessed at a total of $254,552. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,000
  • Total Building Area: 1,563
  • Gross Building Area: 1,563
  • Building Area: 1,563
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,563
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: JONES
  • Land Acres: 0.184
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY AG JONES TR PTN LT 62

Ownership

  • Current Owner : AGUILAR JAIME A
  • Current Owner 2: AGUILAR MARIA D
  • Previous Owner : MCGREGOR SMITH ELIZABETH P
  • Owner Before Previous Owner: WOODHULL JAMES M
  • Owner Before Previous Owner 2: WOODHULL URSULA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lucia Mar Unified School District
  • Census Tract: 011901

Zoning

  • Zoning: SF

Geography

  • Parcel: 006-054-029
  • Lot: 62
  • Municipality: CITY OF ARROYO GRANDE
  • Latitude: 35.1173
  • Longitude: -120.577

    Address

  • Full Address: 508 Arroyo Ave
  • Address - House Number: 508
  • Address - Street Name: Arroyo
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Arroyo Grande
  • Carrier Code: C023
  • 4-Digit Zip Code: 4002
  • Zip Code: 93420

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,312
  • Tax Rate Code Area: 001-000

    Appraisal Valuation

  • Standard Deviation: 0.1976
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 901,818
  • High Value: 1,080,040
  • Low Value: 723,596

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $254,000
  • First Open Lien Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 09, 2021
  • First Open Lien Mortgage Loan Amount: $254,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $609,589
  • Assessed Land Value: $355,037
  • Assessed Improvements Value: $254,552

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2004
  • Current Sale Recording Date: Sep 22, 2004
  • Current Sale Transaction ID: 1046668176
  • Current Sale Price: $455,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2004083596
  • Previous Sale Recording Date: Aug 14, 1998
  • Previous Sale Contract Date: Jul 08, 1998
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 22, 2004
  • First Mortgage Loan Amount: $367,196
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2034

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: COMUNITY LENDING
  • Previous Mortgage Transaction Date: Aug 14, 1998
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2028

About Arroyo Grande



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Frequently Asked Questions

What neighborhood is 508 Arroyo Avenue located in?
The 508 Arroyo Avenue is a located in the neighborhood of San Luis Obispo in Arroyo Grande, Arroyo Grande.
What is the average sales price for listings in 508 Arroyo Avenue?
The average sales price for units in 508 Arroyo Avenue is $0 currently.

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