1011 W Harding Avenue, Santa Maria, CA 93458, Santa Maria, 93458 - 4 bed, 2 bath
ACTIVE$735,000$1,300/sqft
Est. Value: $670,259
-8%
AboveEstimate
1011 W Harding Avenue, Santa Maria, CA 93458
4Beds
2Baths
1,300Sqft
6,098Lot
Price Vs. Estimate
The estimated value ($670,259.13) is $64,740.87 (8%) lower than the list price ($735,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Income Property: Features two distinct residential units (main house and a detached ADU), offering significant rental income potential or multi-generational living options.
Top Cons:
Age of Main Residence: The main house was built in 1962, suggesting it may require updates or maintenance to meet modern standards or preferences.
Compared to the nearby listings
Price:$735.0K vs avg $615.0K (+$120,000)76%
Size:1,300 sqft vs avg 1,377 sqft43%
Price/sqft:$565 vs avg $44090%
More Insights
Built in 1962 (64 years old).
Condition: This property includes two distinct units: a main house built in 1962 and a detached ADU built in 2020. The ADU is in excellent condition, featuring modern white shaker cabinets, updated countertops, newer white appliances, recessed lighting, and modern tile flooring, making it move-in ready. The main house, while functional, is dated with older wood cabinets, speckled countertops, older appliances, and dated bathroom fixtures. While the main house would benefit from minor updates, the presence of the nearly new, high-quality ADU significantly elevates the overall property's condition beyond 'Fair', making it a 'Good' investment with immediate modern living space available.
Year Built
1962
Close
-
List price
$735K
Original List price
-
Price/Sqft
$565
HOA
$0
Days on market
-
Sold On
-
MLS number
PI25258507
Home ConditionGood
Features
Patio
View-
About this home
Great potential for today's savvy investor. Two Homes!! Main house is 1300 sqft and features 4 bedrooms and 2 bathrooms. The second unit is a detached permitted 740 sqft ADU (built in 2020). The ADU features 2 bedrooms and 1 bathroom. This property has alley access and, according to the City, another unit could potentially be built as well. Please verify with the City of Santa Maria.
B
Bonnie Doyal
Listing Agent
Price History
Date
Event
Price
07/29/16
Sold
$244,000
Condition Rating
Good
This property includes two distinct units: a main house built in 1962 and a detached ADU built in 2020. The ADU is in excellent condition, featuring modern white shaker cabinets, updated countertops, newer white appliances, recessed lighting, and modern tile flooring, making it move-in ready. The main house, while functional, is dated with older wood cabinets, speckled countertops, older appliances, and dated bathroom fixtures. While the main house would benefit from minor updates, the presence of the nearly new, high-quality ADU significantly elevates the overall property's condition beyond 'Fair', making it a 'Good' investment with immediate modern living space available.
Pros & Cons
Pros
Multi-Unit Income Property: Features two distinct residential units (main house and a detached ADU), offering significant rental income potential or multi-generational living options.
Newer, Permitted ADU: The Accessory Dwelling Unit (ADU) was recently built in 2020 and is permitted, ensuring modern construction and compliance.
Future Development Potential: The property offers the potential to add a third unit, subject to city verification, providing substantial future value and expansion opportunities.
Alley Access: Provides convenient and potentially separate access for units or parking, enhancing privacy and functionality.
No Homeowners Association (HOA) Fees: Absence of HOA fees reduces ongoing ownership costs and offers greater flexibility.
Cons
Age of Main Residence: The main house was built in 1962, suggesting it may require updates or maintenance to meet modern standards or preferences.
Unverified Development Potential: The possibility of building a third unit requires independent verification with the City of Santa Maria, introducing an element of uncertainty for future plans.
Potential for Main House Renovation: Given the age and investor-focused description, the main house may benefit from significant renovation to maximize its rental income or market value.