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245 Walnut St, Arroyo Grande, CA, 93420

4beds
3baths
2,062sqft
$1,275,000
$618price/sqft
$8,197/moest. monthly cost
$327,880/yrincome needed

About This Home

Experience the best of Central Coast living in this Arroyo Grande gem, where comfort, style, and opportunity come together. Situated on a generous 1/3 acre lot, this single level 3 bedroom, 2 bath residence is complemented by a versatile detached ADU with its own bath, walk-in closet, and pantry, offering space for extended family, guests, or rental income. Inside, the home welcomes you with abundant natural light, updated flooring, and an inviting layout. The kitchen is both functional and stylish, featuring stainless steel appliances, plentiful counter space, and a breakfast bar that opens to the dining and living areas, perfect for everyday living and entertaining alike. The private primary suite is a true retreat, complete with a full bath, an impressive 12x12 walk-in closet, and direct access to the expansive backyard. Outdoors, enjoy your own sanctuary with a built-in BBQ, ample room for gardening, and space to gather under the California sun. Modern amenities include an owned solar system for energy savings and central heating and A/C for year-round comfort. All of this just moments from the Village of Arroyo Grande, the beaches of Pismo, and the renowned Edna Valley wine country, with easy access to Highway 101. This property offers not just a home, but a lifestyle versatile, efficient, and perfectly placed on the Central Coast.

Getting Around

76
WalkingVery Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

7/10
Harloe Elementary SchoolGrades K-60.4 mi
6/10
Paulding Middle SchoolGrades 7-81.6 mi
9/10
Arroyo Grande High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1973

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Washer

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 4

Cooling

  • Cooling features: Central Air

Features

  • All Bedrooms Down
  • Fireplace features: None
  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total interior livable area: 2,062 sqft

Property

Details

  • Parcel number: 077191035
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 0.31 Acres
  • Features: Back Yard,Front Yard

Parking

  • Total spaces: 2
  • Parking features: Garage - Attached
  • 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

  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High

How This Home’s Risks Compare

Earthquake
Inland Flooding

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 $6,447$77,364
Home Insurance *$189$2,268
Property Taxes $1,119$13,428
Electricity $442$5,306
Total$8,197$98,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$281,040/yr
40% on housing$245,910/yr
45% on housing$218,586/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

$618This listing

vs Other Active Listings

Avg $/sqft

ZIP 93420$575
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
2026-03-26Price change$1,275,000
2025-10-14Listed for sale$1,350,000
2025-07-08Listing removed$1,500,000
2025-06-23Listed for sale$1,500,000
2013-03-15Sold$360,000

For Sale by Agent

AgentKiesa Romero
BrokerageKeller Williams Santa Barbara

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