2240 Hanover Way, Santa Maria, CA 93458, Santa Maria, 93458 - 3 bed, 2 bath
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2240 Hanover Way
Santa Maria, CA 93458
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,174Sq Ft
4,356Lot Size
Property Price
LIST PRICE$579,900
EST. MARKET VALUE
$581,294
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $579,900—positioned well below the $581,294 Fair Market Value by 0.24%. This valuation gap offers $1,394 in Instant Equity. Featuring a Good Condition Rating, the home includes a brand-new roof, fresh exterior paint, and community pool access. Located near Tommie Kunst Junior High, this property balances lifestyle convenience with financial stability. It is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a move-in ready asset.
Estimated Market Value
$581,294
Based on Realkey algorithm analyzing recent comparable sales in Santa Maria.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2240 Hanover Way Subject | $579,900* List Price | 3 | 2 | 1,174 | $495 | - |
A 2303 Lexington Sold | $575,000 | 3 | 2 | 1,294 | $444 | 0.1 mi |
B 2217 Chestnut Sold | $615,000 | 3 | 2 | 1,402 | $439 | 0.2 mi |
C 2256 Hanover Way Sold | $625,000 | 4 | 2 | 1,517 | $412 | 0.0 mi |
D 2141 Chestnut Lane Sold | $579,500 | 2 | 2 | 1,122 | $516 | 0.2 mi |
E 2145 Chestnut Sold | $605,000 | 3 | 2 | 1,402 | $432 | 0.2 mi |
F 504 Washington Sold | $652,000 | 4 | 2 | 1,517 | $430 | 0.1 mi |
G 132 Bennetta Sold | $625,000 | 3 | 2 | 1,359 | $460 | 0.3 mi |
H 2308 Johnson Sold | $645,000 | 3 | 2 | 1,602 | $403 | 0.4 mi |
I 634 Gingko Court Active | $599,000 List Price | 3 | 2 | 1,398 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1995, the home is well-maintained and move-in ready. It features significant recent capital improvements including a brand-new roof and fresh exterior paint. While the kitchen and bathrooms are dated with original 90s-style tile countertops, the interior is clean with new light fixtures and functional systems, fitting the 'move-in ready' criteria for Good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features a brand-new composition shingle roof and fresh exterior paint, offering significant immediate value and reduced maintenance costs for the new owner.
- Gated Community Amenities
Located in the Regency Estates, residents benefit from the security of a gated entrance and access to premium community features including a neighborhood pool and clubhouse.
- Turnkey Move-In Ready
This single-level home is presented in move-in ready condition with vaulted ceilings, updated lighting, and a functional layout, making it an ideal choice for first-time buyers or investors.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of just 4,356 square feet, the outdoor space is relatively compact, which may not suit buyers looking for a large backyard or significant gardening space.
- Dated Interior Materials
The kitchen features white tile countertops and terracotta-style flooring throughout, which may be perceived as dated compared to modern luxury finishes like quartz or hardwood.
About 2240 Hanover Way
Welcome to 2240 Hanover Way! Located in the gated Regency Estates community near Preisker Park, this move-in ready, single-level home offers an exceptional opportunity for investors or first-time buyers. Featuring 3 bedrooms and 2 bathrooms, the home stands out with great curb appeal, highlighted by a brand-new black composition shingle roof, newly painted white stucco exterior, and crisp black trim. Inside, durable terracotta-style tile floors stretch across the entry, main hallway, and living areas. The living room showcases vaulted ceilings and a fireplace, opening seamlessly to the dining area and kitchen. The kitchen features white tile countertops, a gas range/oven, dishwasher, and a practical breakfast bar peninsula. The primary suite comes with an en-suite full bathroom featuring updated lighting fixtures. Additional interior upgrades include newly installed light fixtures. This home enjoys an attached two-car garage, and a front lawn with a central shade tree. Community amenities include access to the neighborhood pool and clubhouse, making this turnkey home move-in ready!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 4,356 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $185 / Month
Neighborhood Insights
Santa Maria Unified Schools
Taylor (Ida Redmond) Elementary School
Grades K-6 • 1.2 mi
4/10
Jimenez, Roberto And Dr. Francisco Elementary School
Grades K-6 • 3.9 mi
4/10
Kunst (Tommie) Junior High School
Grades 7-8 • 0.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,174 | 1,879.563 |
| Lot Size | 4,356 | 7,495.402 |
| Price | $579.9K | $747.3K |
| Price per sq ft | $494 | $433 |
| Built year | 1995 | 1982 |
| HOA | $185 | $170 |
| Days on market | 20 | 56 |
Pricing History
Listed for Sale
Aug 20, 2026
$579,900
Initial Listing
Sold
Mar 15, 2004
$299,000
Public Record
Sold
Jul 28, 1995
$111,000
Public Record