NOT LISTED FOR SALE

859 Red Rock Rd Arroyo Grande, CA 93420

Estimated Value: $990,478 - $1,031,000

5 Beds
4 Baths
3,576 Sq Ft
$283/Sq Ft Est. Value

Last Sold February 18, 2021

Last sale price $710,500 $199 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,975/month

10 Days on Market

Highlights

  • Detached Guest House
  • RV Access or Parking
  • Laundry Room
  • Arroyo Grande High School Rated A-
  • No HOA
  • Horse Trails

About This Home

As of February 2021

Calling all investors! Amazing opportunity for three units on 1.13-acres of prime Arroyo Grande property. Off Printz Road between Oak Park and the Village, the main home is 1500 square feet on a single level boasting canyon views, a cozy fireplace in the spacious living room open to the dining area and large kitchen, plus two bedrooms and two full baths – all open to a private yard and drive space. Attached with a separate entrance, the second unit is downstairs, converted from a daylight basement over 1300 square feet that includes a large living area with plenty of windows for natural light, one bedroom and a full bath. The property also includes a detached one bedroom, one bath cottage with its own private, fenced yard space nestled in the trees with its own access. Property includes a sea-train storage unit, and three sheds in good quality that can be assigned to tenants in lieu of garage storage. The lot is mostly flat and usable. Bonus peek-a-boo ocean views can be seen from the front yard which may indicate view potential in redevelopment. Red Rock is a quiet, dead-end road with only three other neighbors. Less than five minutes to the Village, shopping, restaurants and more!

Last Agent to Sell the Property

Shannon Bowdey

Keller Williams Realty Central Coast License #01894857 Listed on: 12/09/2020

Keller Williams Realty Central Coast

Co-Listed By

Ashlea Boyer

Keller Williams Realty Central Coast License #01397619

Last Buyer's Agent

Shannon Bowdey

Keller Williams Realty Central Coast License #01894857 Listed on: 12/09/2020

Keller Williams Realty Central Coast

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,910

Year Built

  • Built in 1945

Lot Details

  • 1.13 Acre Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,576 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Combination Of Materials Used In The Driveway
  • RV Access or Parking

Additional Homes

  • Detached Guest House

Utilities

  • Forced Air Heating System
  • Propane
  • Well
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 20
  • Assessor Parcel Number 044253005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • East Of 101 Subdivision

Recreation

  • Horse Trails

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,910

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Inclusions: Steel Sea Train
  • Property Attached: Yes
  • Subdivision Name Other: East of 101(500)
  • Zoning: RS
  • Property Type: Residential Income
  • Parcel Number: 044253005
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 198.69

Exterior Features

  • Other Structures: Guest House Detached
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination, RV Access/Parking, RV Potential

Utilities

  • Utilities: Cable Available, Electricity Available, Propane, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Horse Trails

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 49223.00
  • Lot Size Acres: 1.1300

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 3400.00
  • Lot Size Area: 49223.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 3400.00

Tax Info

  • Tax Census Tract: 123.02
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2020
Closed on
Jan 5, 2021
Sold by
Schwartz Josef T
Bought by
Brumbaugh Randall V and The Randall V Brumbaugh Revoca
Seller's Agent
Shannon Bowdey
Keller Williams Realty Central Coast
Buyer's Agent
Shannon Bowdey
Keller Williams Realty Central Coast
List Price
$729,000
Sold Price
$710,500
Premium/Discount to List
-$18,500
-2.54%
Current Estimated Value
$1,013,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,120
Avg. Annual Appreciation
7.87%
Original Mortgage
$210,000
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2009
Sold by
Schwartz Aryeh
Bought by
Schwartz Josef T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2008
Sold by
Schwartz Aryeh and Schwartz Josef
Bought by
Schwartz Aryeh and Schwartz Josef

Purchase Details

Closed on
Dec 15, 1998
Sold by
Schwartz Louis
Bought by
Schwartz Louis
Source: Public Records

Range of Values:

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Average Value
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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
Brumbaugh Randall V $710,500 Fidelity National Title
Schwartz Josef T -- First American Title Company
Schwartz Aryeh -- First American Title Company
Schwartz Aryeh -- None Available
Schwartz Louis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Brumbaugh Randall V $210,000
Previous Owner Schwartz Josef T $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2021 02/18/21 Sold $710,500 -2.5% $199 / Sq Ft
12/19/2020 12/19/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $729,000 -- $204 / 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 $7,910 $769,066 $536,344 $232,722
2024 $7,820 $753,987 $525,828 $228,159
2023 $7,820 $739,204 $515,518 $223,686
2022 $7,702 $724,710 $505,410 $219,300
2021 $2,998 $277,084 $170,048 $107,036
2020 $2,964 $274,244 $168,305 $105,939
2019 $2,946 $268,867 $165,005 $103,862
2018 $2,911 $263,596 $161,770 $101,826
2017 $2,856 $258,429 $158,599 $99,830
2016 $2,694 $253,363 $155,490 $97,873
2015 $2,581 $249,558 $153,155 $96,403
2014 $2,484 $244,670 $150,155 $94,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI20254131

California Regional Multiple Listing Service (CRMLS)

APN: 044-253-005