8 months on rocket

370 Hemi Rd, Arroyo Grande, CA, 93420

$5,495,000

3 Bedrooms
1 Full Bath
1,056 SqFt
$5,204/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1948
CoolingNone
FireplaceNone
ViewMountain(s), Ocean, Vineyard
MLS #PI23135163
Lot Size103.00 Acres
StatusActive

About 370 Hemi Rd

Rare opportunity to purchase a turn key Central Coast citrus and avocado ranch in the Dana Foothills just south of Arroyo Grande. The unique Banana Belt climate has historically not required frost protection saving both time and money. Water is provided by a high production ag well, powered by a new diesel motor installed in 2022. This amazing property has been completely transformed by current ownership. 27 acres of new lemons were planted in 2020. The mature lemon and avocado trees have previously been heavily pruned. The ranch will benefit from these prior improvements with 2023 being the first year of full production. The roads, irrigation system and shop are all in tip top shape. There is a also a 5000 sf +/- metal shop with concrete floors. The guest quarters was completely remodeled in in August of 2020. The property features two potential homesites, one with views of Avila Bay with power and water nearby.

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Stories: 1
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Allan Real Estate Investments
  • Office Email: john@allanrealestate.com
  • Listing Agent: John Cole

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s), Ocean, Vineyard

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Agricultural, Orchard(s)
  • Lot Size: 103.00 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: Heading North on hwy 101 from Los Berros Road, turn right on Hemi Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,495,000
  • Price Per SqFt: $5,204/SqFt

Tax Information:

  • Annual Amount: $29,244
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Arroyo Grande, CA.

Med. Sold Price

$1.0M

Med. Price/SqFt

$526

Avg. Days On Market

34

# of Sold Homes

20

370 Hemi Rd vs Arroyo Grande

257 DAYS ON ROCKET

+223 Days

$5,495,000

+$4.4M More

$5,204/SqFt

+$4.6K More

KEY TAKEAWAY

This property is $4.4M more than the Median Sold Price and $4.6K/SqFt more than other homes in Arroyo Grande, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PI23135163

Listing Office:

  • Office Name: Allan Real Estate Investments
  • Office Email: john@allanrealestate.com
  • Listing Agent: John Cole

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 10:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 24, 2019Home Sold
$2,675,000

Tax History

YEARPROP. TAXASSESSMENT
2021$29,244$2,702,713
2019$2,335$222,923
2018$2,336$218,553

History based on county public records data.

Payment Calculator

$27.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2168077
7
/10
  • Branch Elementary School

  • 970 School Rd

  • 3.87 miles

  • Public District Grades KG-6

school-card-donut-2168078
6
/10
  • Harloe Elementary School

  • 901 Fair Oaks Ave

  • 4.13 miles

  • Public District Grades KG-6

school-card-donut-2168079
4
/10
  • Dana Elementary School

  • 920 W Tefft St

  • 4.23 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $96,875. Typical income of Arroyo Grande, CA residents is between $35k-100k annually. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 370 Hemi Rd

What is the listing price of this property?

The listing price of 370 Hemi Rd property is $5,495,000.

What type of property is this?

The property 370 Hemi Rd is a house located in Arroyo Grande, California, 93420.

Is this property for sale now?

Active Listing: 370 Hemi Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $29,244 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 24, 2019 for $2,675,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 370 Hemi Rd has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 370 Hemi Rd is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 370 Hemi Rd is 1948.
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Rocket HomesCaliforniaSan Luis Obispo CountyArroyo Grande93420370 Hemi Rd

This home is located at 370 Hemi Rd in Arroyo Grande, CA and zip code 93420. This 1,056 square foot home, which was built in 1948, sits on a 103.00 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 14, 2023 and is currently priced at $5,495,000.

Arroyo Grande, CA housing market in March 2024 saw over 9 listings sold above listed price, more than 5 sold at listed price and over 6 sold below. The number of homes for sale in Arroyo Grande, CA decreased by 11.9% between February 2024 and March 2024. In March 2024 median list price was $1,035,000 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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