ActiveResidential · sale

841 E Cherry Creek

Arroyo Grande, CA 93420

$1,500,000

  • 3 beds
  • 3 baths
  • 2,380 sq ft
  • 2 acres
  • Built 1964

Listed by eXp Realty of Northern California, Inc. · MLS #PI26127406

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1964.

Property size

2 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Rare Arroyo Grande CreekFront Estate on 2 Acres in the Heart of the Village with endless possibilitiesThis beloved property has been cherished by the same local family for over 50 years This singlestory ranchstyle home offers 2380 square feet 3 bedrooms 3 bathrooms and the kind of peaceful countryfeel setting thats increasingly hard to find just minutes from the Village of Arroyo GrandeThe living room is anchored by a cozy fireplace and flows into the updated kitchen the true centerpiece of the home featuring custom white shaker cabinets granite countertops a custom blue center island and newer stainless steel appliances Sliding glass doors open to a covered back porch overlooking lush greenery spilling down to the creek a truly magical viewThe primary suite is spacious with glass doors to the back patio an oaklined en suite bathroom and closet and a stepin shower The first guest bedroom is just down the hall both bedrooms are generously sized with ample closet space Between them the guest bath is a charming nod to the homes era featuring iconic Pacific green tile and tub with a custom dualsink vanityA converted garage space off the kitchen offers incredible flexibility currently a formal dining room with a wet bar leading to a laundry room a guest bath with stepin shower and a large room with a walkin closet serving as the second guest bedroom This wing has strong potential as a private guest suite or multigenerational quartersThe main house sits at the center of a sprawling level 2acre parcel with Arroyo Grande Creek running through it Per the seller the parcel includes riparian water rights allowing irrigation directly from the creek The land was once a working apple orchard with a few apple orange and avocado trees remaining Utilities include city water septic and leased solarA charming workshop with a 3car attached carport greets you at entry ideal for the tinkerer hobbyist or small business operator and includes a specialty setup previously used for making apple juice Ample room remains for RV boat or trailer parkingAt the rear a pole barn with prior improvements offers a head start toward ADU potential though it will need additional updating and permitting a compelling opportunity to add significant valueThis is the one Country living creek frontage Village convenience and room to grow

THE NEIGHBORHOOD

Explore the location.

841 E Cherry Creek, Arroyo Grande, CA 93420

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1964
Full baths
3
Garage spaces
0
Cooling
None
Pool
No
Pool features
None
Parcel
007571015
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$6,250.00
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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841 E Cherry Creek, Arroyo Grande, CA 93420 · MLS #PI26127406

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Listing information

MLS #PI26127406 · California Regional MLS

Listing brokerage: eXp Realty of Northern California, Inc.
Listing agent: Staci McKay

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.