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571 S Traffic Way, Arroyo Grande, CA, 93420

4beds
4baths
2,475sqft
$1,100,000
$444price/sqft
$7,184/moest. monthly cost
$287,360/yrincome needed

About This Home

This charming hilltop Arroyo Grande property, set on nearly half an acre, offers space and timeless appeal. Built in 1949, this unique property features a welcoming interior and presents a rare opportunity for creative vision and improvement. Featuring 3 bedrooms and 3 baths in the main home, you'll enjoy ample living and dining areas, an indoor mudroom/dedicated laundry room, and a large basement currently used as a family room with its own access to the front yard - offering flexibility for a variety of uses. Classic architectural details and original built-ins contribute to the home's enduring character. Above the attached 2-car garage is a structurally permitted space built in 1985 with a private entrance and beautiful views. The area includes a kitchen, spacious living area, bedroom, and bathroom and offers flexible use potential. Buyer to verify all permits and allowed uses with the city. The expansive grounds feature mature fruit trees and ample outdoor space, creating a peaceful setting with room for gardening, recreation, or future possibilities. The elevated location provides a pleasant vantage point while maintaining proximity to Highway 101 and the charming historic Village of Arroyo Grande. While the home and lot would benefit from updates and improvements, this presents an excellent opportunity to enhance the residence and unlock additional value to a unique property. Opportunities like this are increasingly rare in today's market - schedule your private showing today! (PROPERTY SHOWN BY APPOINTMENT ONLY - ACCESS PERMITTED WITH LICENSED AGENT AND CONFIRMED SHOWING ONLY.)

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

10/10
Branch Elementary SchoolGrades K-63.1 mi
6/10
Paulding Middle SchoolGrades 7-80.7 mi
9/10
Arroyo Grande High SchoolGrades 9-120.4 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Raised,Slab
  • Roof: Clay,Tile

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 2
  • 3/4 bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air,Other
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 2,475
  • Total interior livable area: 2,475 sqft

Property

Details

  • Parcel number: 007621069
  • Special condition: Other

Features

  • Stories: 2

Lot

  • Lot size: 0.46 Acres

Parking

  • Total spaces: 2
  • Parking features: Other,Drive Space,Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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
    EarthquakeRelatively High
  • 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 $5,562$66,744
Home Insurance *$163$1,956
Property Taxes $929$11,148
Electricity $530$6,368
Total$7,184$86,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$246,308/yr
40% on housing$215,520/yr
45% on housing$191,573/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

$444This listing

vs Other Active Listings

Avg $/sqft

ZIP 93420$579
San Luis Obispo County$560

vs Homes Sold Last Month

Median $/sqft

ZIP 93420$549
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)

Price History

DateEventPrice
2026-05-06Price change$1,100,000
2026-02-21Listed for sale$1,160,000

For Sale by Agent

AgentCarla Ramer
BrokerageCHAMPION Real Estate

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