
Santa Maria, CA 93455
This Dual-Living Residential Asset is a High-Potential Investment Opportunity, listed at $1,250,000—positioned above the $1,114,740 Fair Market Value by 12%. While priced at a premium, the property features a Condition Rating of 2, showcasing extensive infrastructure upgrades and a newly constructed ADU. The 0.27-acre lot provides exceptional utility for multigenerational living or rental income. With a modernized main residence and high-end finishes, this property offers long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, turnkey compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 Siler Lane Subject 7 bd · 4 ba · 2,470 sqft · $451 | $1,250,000* List Price | 7 | 4 | 2,470 | $451 | - |
A 517 Clubhouse Active 5 bd · 3 ba · 2,876 sqft · $417 · 0.7 mi | $1,199,000 List Price | 5 | 3 | 2,876 | $417 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation and expansion, including a newly constructed ADU. The main residence features updated plumbing, electrical, and foundation reinforcement. Interior finishes are mint with modern kitchens, stainless steel appliances, and high-end bathrooms featuring freestanding tubs and walk-in showers, meeting the criteria for a recent renovation under 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11956, living area = 2470.
The property features two distinct residences, including a newly constructed 3-bedroom ADU, providing exceptional flexibility for multigenerational living or significant rental income potential.
The original 1934 structure has been extensively updated with foundation reinforcement, new plumbing, electrical systems, and a whole-house sprinkler system, blending historic character with modern safety.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11956, other record lot size in square feet = 12196.
The mention of seller-negotiable landscaping options suggests the exterior grounds may currently lack finished curb appeal or functional outdoor living space.
Accommodating seven bedrooms across two structures on a 0.27-acre lot may lead to limited private yard space and potential parking challenges for a full household.
Two homes on one approximately 0.27-acre lot. This property features an expanded main residence and a newly constructed detached accessory dwelling unit (ADU), offering a range of living options. The main residence offers approximately 1,720 square feet with 4 bedrooms and 2 bathrooms. The original 732 square-foot home has undergone updates that include foundation reinforcement, plumbing and electrical improvements, and a new whole-house sprinkler system. An approximately 1,040-square-foot addition adds space and features 10-foot ceilings. Interior details include wide-plank laminate flooring, smooth-finish walls, and indoor laundry. The primary suite features an oversized walk-in closet and an ensuite bathroom with a freestanding soaking tub and separate walk-in shower. The detached ADU offers 3 bedrooms and 2 bathrooms, along with a kitchen equipped with stainless steel appliances and an indoor laundry area with gas hookups. With two separate living spaces, the property provides flexibility for guests, multigenerational living, or a home office, as well as potential rental income subject to local requirements. Seller willing to discuss landscaping options with buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,470 | 1,817.181 |
| Lot Size | 11,956 | 7,535.591 |
| Price | $1.25M | $739.8K |
| Price per sq ft | $506 | $434 |
| Built year | 1934 | 1984 |
| HOA | $0 | $159 |
| Days on market | 15 | 53 |
Oct 9, 2026
$1,250,000
Initial Listing
Dec 30, 2021
$430,500
Public Record