370 Hemi Road, Arroyo Grande CA, 93420
(Active)
$5,495,000
|
3 beds, 1 Full baths, 1,056 sqft
|
MLS# PI23135163
Last Updated: 5/6/2024 1:52 AM
Description for
370 Hemi Road
Arroyo Grande, CA 93420
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.
Price
$5,495,000
San Luis Obispo
3
1 Full
1,056 (approx)
PI23135163
Active
Description
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.
Listing Information
| Property Type: Single Family, 1 Story | ||
| 3 | 1 Full | |
| 103 Acres | Public Records | 1,056 (approx) |
| 1948 | Yes-2 spaces | 1 |
Well
Septic Tank
Electricity Connected,Water Connected
Neighborhood
School Information
| District: Lucia Mar Unified | ||
Room Information
| Bathrooms: Main Level: 1 | |||
| 1 | |||
Main Level: 3, Total: 3
Inside
Interior Features
None
No Common Walls
ground level
None
Exterior / Lot Features
2 Garage Spaces,
2 Parking Spaces,
0 Covered Parking Spaces,
None
Mountain, Ocean, Vineyard
AG
Turnkey
Agricultural,Orchard(s)
Driving Directions
Heading North on hwy 101 from Los Berros Road, turn right on Hemi Road
Financial Considerations
| 047311003 |
Cash,Cash to New Loan,1031 Exchange
Listing Price History
Arroyo Grande Real Estate
Arroyo Grande is located in California. Arroyo Grande, California 93420 has a population of 17,885.
The median household income in Arroyo Grande, California 93420 is $90,457. The median household income for the surrounding county is $77,840 compared to the national median of $66,222. The median age of people living in Arroyo Grande 93420 is 40 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/15/2024 | Active | $5,495,000 USD |
|
| 12/16/2023 | Pending | $5,495,000 USD |
|
| 8/14/2023 | Active | $5,495,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $29,988 USD | 1.53% | $2,834,710 USD | - |
| 2022 | $29,535 USD | 1.00% | $2,834,710 USD | 2.00% |
| 2021 | $29,244 USD | 1.16% | $2,779,129 USD | 3.89% |
| 2020 | $28,909 USD | 1,122.37% | $2,675,000 USD | - |
| 2019 | $2,365 USD | - | $2,675,000 USD | - |