$1,148,800

Seller could get up to $514,601

Learn how this information can help you negotiate

Beds: 3
Baths: 2.0
sq ft: 1,274

510 E Cherry Ave, Arroyo Grande, CA 93420

510 E Cherry Ave

Arroyo Grande, CA 93420

35 days on market

Price drop $28,200↓
Open house Mar 01

Charming newly remodeled home in the heart of Arroyo Grande. This beautifully updated single-level home offers the perfect blend of modern comforts and a prime location. Kitchen is an entertainers dream with open features to family and dining area, and inviting fireplace. Featuring 3 spacious bedrooms and 2 full baths, this property is an ideal choice for anyone looking to enjoy the best of Arroyo Grande living. Within walking distance to the vibrant Arroyo Grande Village, you will have easy access to restaurants, shops and local amenities. Great schools and parks nearby. Generous lot size provides ample space for outdoor activities and potential expansion. Lovely patio for outside dining. Check with the City of Arroyo Grande. Two car garage and easy access to the freeway makes this property as convenient as it is inviting. Don't miss your chance to own this exceptional home in a highly sought after neighborhood.

Details

Property type

Single Family Residence

Est. home value

$839,099

Lot size

5,890 sq ft

Price per sq ft

$902

Year built

1963

HOA

Price History

02/28/2025

CRMLS #PI25015547

Price change

$1,148,800

-2.4%

02/17/2025

CRMLS #PI25015547

Price change

$1,177,000

-4.22%

02/10/2025

CRMLS #PI25015547

Price change

$1,228,800

-1.62%

Schools & Community

Elementary school:

Unknown

Middle school:

Unknown

High school:

Unknown

Community features: Curbs, Sidewalks

Community features:

Curbs, Sidewalks

High school district:

Lucia Mar Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$514,601

Asking price

$1,148,800

Closing costs (~8% of asking)

-$91,904

Est. remaining loan balance

-$542,295

Cash to seller

$514,601

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2021

Original loan amount

$589,500

Est. remaining balance

$542,295

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Aboubacar Casse and Maget Casse

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/28/2025 at 1:00 PM

Listing updated: 02/28/2025 at 10:45 AM

Listed by: Byron Grant, Byron Grant, Century 21 Hometown Realty, Arroyo Grande OfficeCentury 21 Hometown Realty, Arroyo Grande Office Phone #: (805) 489-2100

MLS: CRMLS #PI25015547

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