Owners remaining FHA loan balance is assumable (if buyers qualify) at 3.625%!! Live in the heart of the Village of Arroyo Grande and own a piece of local history with this charming 1949 home situated on a spacious lot. This delightful 2-bedroom, 1-bath residence is full of character and curb appeal, offering the perfect blend of timeless charm and modern convenience. Lovingly updated, the home honors its 1949 roots while embracing today's style and functionality. Original hardwood floors have been preserved, natural light fills the living spaces, and thoughtful enhancements create a warm, inviting atmosphere throughout. Modern upgrades include a whole-house water filtration system and a newly installed tankless water heater, adding comfort, efficiency, and peace of mind. Enjoy the home just as it is, or take advantage of the included conceptual plans (created by Honeycomb Home Design) to expand and create your dream property. The expansive backyard is designed for entertaining and enjoying the Central Coast lifestyle, featuring a gazebo with a gas fire pit, a play structure for the kids, a storage shed, and a unique outdoor sink area with a hidden enclosed toilet. The converted one-car garage has been transformed into a stylish and versatile space, complete with a laundry area, home gym, and trendy sauna. Ideally located just a short stroll from the highly sought-after Arroyo Grande Village, you'll enjoy easy access to local restaurants, boutiques, parks, farmers markets, and community events. Opportunities like this are rare—don't miss your chance to own a special property and experience the best of California's Central Coast lifestyle.