tomo logo

$950,000

Beds
4
Baths
2.0
sq ft
1,596

650 Mulberry Ln, Arroyo Grande, CA 93420

650 Mulberry Ln

Arroyo Grande, CA 93420

  • 2 days on market
Welcome to 650 Mulberry Lane, a 4-bedroom, 2-bathroom home with a detached studio on a rare, nearly quarter-acre corner lot in West Arroyo Grande. Located near Harlow Elementary School and just 10 minutes from the beach, this home offers modern upgrades, income potential, and room to grow. Step inside to a grand cathedral-ceiling foyer leading to a remodeled 2022 kitchen, complete with oak cabinets, pull-out shelves, and stainless steel appliances. The spacious dining room features built-in cabinetry with stained-glass accents, while the living room's brick wood-burning fireplace creates a cozy gathering space. Large dual-pane windows frame stunning hill and garden views, filling the home with natural light. A fully upgraded 24' x 12' detached studio offers brand-new finishes, a luxurious rain shower, and a private fenced yard—perfect for multigenerational living or rental income. Currently rented at $2,100/month, this space provides an excellent opportunity to offset mortgage costs while maintaining privacy. Looking for even more potential? Fully approved JADU plans allow for the conversion of the oversized 2-car garage into a 1-bedroom, 1-bathroom unit, ideal for additional rental income or a private guest suite. Outside, the low-maintenance yard features drought-tolerant landscaping, mature fruit trees, and RV parking access. Leased solar panels help reduce electricity costs, with a base fee of $68/month. This versatile property is perfect for families, investors, or those seeking a home with multiple living options. Don’t miss out—schedule a private tour today!

Details

Property type

Single Family Residence

Est. home value

$841,223

Lot size

9,611 sq ft

Price per sq ft

$596

Year built

1964

HOA

No

Price History

02/26/2025
CRMLS

CRMLS #SC25041519

Listed
$950,000
+26.67%
01/06/2023
CRMLS

CRMLS #PI22197899

Sold
$750,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

High school district: 

San Luis Coastal 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

$177,603
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$696,397
Cash to seller
$177,603

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

December 2022

Original loan amount

$712,500

Est. remaining balance

$696,397

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Richard Bergman and Tiffany Bergman

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 4:35 PM

Listing updated: 02/27/2025 at 10:20 AM

Listed by: Ben Tilbury, Ben Tilbury, Keller Williams Realty Central CoastKeller Williams Realty Central Coast Phone #: (805) 548-8686

MLS: CRMLS #SC25041519

CRMLS logo

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