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3238 Cherry Ln, San Luis Obispo, CA, 93401

3beds
2baths
1,746sqft
$1,350,000
$773price/sqft
$8,442/moest. monthly cost
$337,680/yrincome needed

About This Home

Situated on a beautifully landscaped corner lot in the desirable Serra Meadows neighborhood, this meticulously maintained home offers comfortable single-level living w/ thoughtful upgrades throughout. Fresh interior paint & new carpet in the primary bedroom create a move-in ready feel, while plantation shutters, crown molding, built-ins, wood flooring, ceiling fans, abundant natural light & warmth and character. The kitchen features granite countertops, stainless steel appliances, a 5-burner cooktop, generous pantry storage & a breakfast bar that opens to the dining area & spacious living room. A cozy gas fireplace creates a welcoming focal point, complemented by custom built-ins that add both style & functionality. Sliding glass doors provide easy access to the backyard, creating an ideal setting for indoor-outdoor living & entertaining. The primary suite offers direct access to the back yard, a custom-organized walk-in closet & an ensuite bath featuring granite countertops & tile flooring. Two additional bedrooms provide flexibility for family, guests, or a home office, including one w/ a convenient Murphy bed. The hall bath also features granite countertops & tile flooring. Additional amenities include central heating/air conditioning, an indoor laundry room w/ sink, granite countertop & storage, plus a finished two-car garage complete w/ built-in cabinetry. Follow the tour outdoors to discover a private backyard designed for relaxation & entertaining. Enjoy the covered patio w/ cafe lights, set up for an outdoor television, fire pit area, spa hookup & shed. Mature landscaping is supported by automatic sprinklers & a drip irrigation system. The centerpiece of the backyard is a stunning natural rock feature w/ fountain, creating a peaceful setting to unwind or gather. Conveniently located near shopping, parks, schools, restaurants & downtown SLO, this property offers comfort, functionality, and the Central Coast lifestyle you've been searching for.

Getting Around

45
WalkingCar-Dependent
23
TransitMinimal Transit
69
BikeBikeable

Schools

6/10
9/10
Laguna Middle SchoolGrades 7-82.1 mi
10/10

Construction

Condition

  • Year built: 2015

Materials

  • Foundation: Slab
  • Roof: Tile

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Cooktop,Gas Range,Microwave,Refrigerator
  • Laundry features: Inside,Laundry Room

Bathroom

  • Features: Bathroom Exhaust Fan,Bathtub,Separate Shower

Bedroom

  • Features: All Bedrooms Down

Bedroom

  • Features: Bedroom on Main Level

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Built-in Features,Ceiling Fan(s),Crown Molding,Granite Counters,Open Floorplan,Stone Counters,Storage,All Bedrooms Down,Bedroom on Main Level,Main Level Primary,Primary Suite,Walk-In Closet(s)
  • Window features: Plantation Shutters,Shutters
  • Flooring: Carpet,Wood
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,746 sqft

Kitchen

  • Features: Granite Counters,Kitchen Island,Kitchen/Family Room Combo

Master Bedroom

  • Features: Main Level Primary

Master Bedroom

  • Features: Primary Suite

Other

  • Features: Walk-In Closet(s)

Property

Details

  • Parcel number: 053433001
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Patio & porch: Covered,Patio
  • Fencing: Wood
  • Has view: Yes
  • View description: Hills,Neighborhood

Lot

  • Lot size: 6,417 sqft
  • Features: Back Yard,Corner Lot,Front Yard

Parking

  • Total spaces: 2
  • Parking features: Door-Single,Driveway,Garage Faces Front,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Earthquake
    EarthquakeModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Earthquake
Wildfire

FEMA Declared Disasters in San Luis Obispo County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,826$81,912
Home Insurance *$176$2,112
Property Taxes $1,042$12,504
Electricity $398$4,786
Total$8,442$101,304
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$289,440/yr
40% on housing$253,260/yr
45% on housing$225,120/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$773This listing

vs Other Active Listings

Avg $/sqft

ZIP 93401$852
San Luis Obispo County$559

vs Homes Sold Last Month

Median $/sqft

ZIP 93401$660
San Luis Obispo County$522

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-17Pending sale$1,150,000
2026-08-12Contingent$1,150,000
2026-08-06Price change$1,150,000
2026-06-19Listed for sale$1,350,000
2024-05-07Listing removed--
2024-03-30Listed for rent$4,500
2019-09-27Sold$810,000
2019-08-16Pending sale$799,000
2019-08-12Listed for sale$799,000
2015-06-04Sold$622,000

For Sale by Agent

AgentHeather Roda
BrokeragePlatinum Properties

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