NOT LISTED FOR SALE

1178 Shannon Ln Arroyo Grande, CA 93420

Estimated Value: $1,004,000 - $1,343,000

3 Beds
2 Baths
1,543 Sq Ft
$767/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $940,000 $609 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,235/month

47 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • No HOA
  • Arroyo Grande High School Rated A-
  • Main Floor Bedroom
  • Formal Dining Room

About This Home

As of March 2024

Panoramic and Ocean views set the stage for this single-level ranch home in the heart of Arroyo Grande countryside, just 6 minutes away from downtown. This country home boasts 1,543 SQFT of living space and sits on a sprawling 2.87 acreage property. With 3 bedrooms and 2 bathrooms, it provides a canvas for your creative vision. Bring your ideas to life and transform this residence into your dream home. The scenic surroundings enhance the charm of the property, offering a unique opportunity to craft a tranquil haven with breathtaking views. Approximately 20 minutes to downtown San Luis Obispo and only approximately 10 minutes away from Central Coast beaches. Seize the chance to put your personal touches on this promising abode, combining the allure of country living with the convenience of proximity to downtown Arroyo Grande.

Last Agent to Sell the Property

Mike Oliver

BHGRE Haven Properties License #01898274 Listed on: 01/17/2024

BHGRE Haven Properties

Last Buyer's Agent

Walker Sotello

Eighty20 Group License #02054410

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,442

Year Built

  • Built in 1977

Lot Details

  • 2.87 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Rural Setting
  • Level Lot
  • Density is 2-5 Units/Acre
  • Property is zoned RS

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Panoramic
  • Hills

Home Design

  • Turnkey
  • Fixer Upper
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,543 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer Hookup

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Concrete Porch or Patio
  • Rain Gutters

Utilities

  • Well
  • Conventional Septic

Community Details

  • No Home Owners Association
  • East Of 101 Subdivision
  • Foothills
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 044322058

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,442

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Number: 817-307-0639
  • Property Attached: No
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved, Privately Maintained
  • Subdivision Name Other: East of 101(500)
  • View: Yes
  • Zoning: RS
  • Architectural Style: Ranch
  • Property Condition: Fixer, Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 044322058
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1543.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Tile Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Dining Room, Separated
  • Entry Level: 1
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 609.20
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom
  • Bathroom Features: Shower, Shower In Tub, Double Sinks In Primary Bath, Walk-In Shower
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter
  • Exterior Features: Rain Gutters
  • View: Hills, Ocean, Panoramic
  • Fence: No
  • Patio And Porch Features: Concrete, Patio Open
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher
  • Laundry Features: Washer Hookup
  • Sewer: Conventional Septic
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous, Rural

Schools

  • School District: Lucia Mar Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Level with Street
  • Lot Size Sq Ft: 125017.00
  • Lot Size Acres: 2.8700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 125017.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 123.02
  • Tax Lot: 69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Shahid Muhammad Farid and Sotello Walker Blu
Bought by
Withco Coffee Llc
Current Estimated Value
$1,183,404

Purchase Details

Closed on
Oct 3, 2024
Sold by
Zahara Kaleem
Bought by
Shahid Muhammad Farid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2024
Sold by
Withco Coffee Llc
Bought by
Shahid Muhammad Farid and Sotello Walker Blu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$884,250
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2024
Closed on
Mar 7, 2024
Sold by
Conroy Family Trust
Bought by
Withco Coffee Llc
Seller's Agent
Mike Oliver
BHGRE Haven Properties
Buyer's Agent
Walker Sotello
Eighty20 Group
List Price
$1,100,000
Sold Price
$940,000
Premium/Discount to List
-$160,000
-14.55%
Views
115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.47%
Original Mortgage
$850,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Withco Coffee Llc -- None Listed On Document
Shahid Muhammad Farid -- Fidelity National Title
Shahid Muhammad Farid -- Fidelity National Title
Shahid Muhammad Farid -- None Listed On Document
Withco Coffee Llc $940,000 Fidelity National Title
Withco Coffee Llc $940,000 Fidelity National Title
Withco Coffee Llc $940,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shahid Muhammad Farid $884,250
Previous Owner Withco Coffee Llc $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $940,000 0.0% $609 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/25/2024 02/25/24 Off Market $940,000 -- --
02/25/2024 02/25/24 For Sale $1,100,000 +17.0% $713 / Sq Ft
02/24/2024 02/24/24 Off Market $940,000 -- --
01/17/2024 01/17/24 For Sale $1,100,000 -- $713 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,442 $958,800 $586,500 $372,300
2024 $9,442 $900,000 $600,000 $300,000
2023 $1,669 $164,773 $81,259 $83,514
2022 $1,642 $161,543 $79,666 $81,877
2021 $1,638 $158,376 $78,104 $80,272
2020 $1,618 $156,753 $77,304 $79,449
2019 $1,607 $153,681 $75,789 $77,892
2018 $1,586 $150,668 $74,303 $76,365
2017 $1,555 $147,715 $72,847 $74,868
2016 $1,465 $144,819 $71,419 $73,400
2015 $1,443 $142,645 $70,347 $72,298
2014 $1,388 $139,851 $68,969 $70,882
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24007340

California Regional Multiple Listing Service (CRMLS)

APN: 044-322-058