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2742 Niverth, Santa Maria, CA 93455, Santa Maria, 93455 - 6 bed, 4 bath

2742 Niverth, Santa Maria, CA 93455 home-pic-0
ACTIVE$1,049,000$2,690/sqft
Est. Value: $981,532
-6%
AboveEstimate
2742 Niverth, Santa Maria, CA 93455
6Beds
4Baths
2,690Sqft
5,663Lot

Price Vs. Estimate

The estimated value ($981,531.505) is $67,468.495 (6%) lower than the list price ($1,049,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Income & Multi-Generational Potential: The property features two separate living units (main residence + ADU), explicitly ideal for generating rental income, facilitating multi-generational living, or providing supplemental income for an owner-occupant.
Top Cons:
Ongoing Homeowners Association (HOA) Fees: The property is subject to a monthly association fee of $45, which represents an additional recurring cost of ownership.

Compared to the nearby listings

Price:$1.05M vs avg $750.0K (+$299,000)91%
Size:2,690 sqft vs avg 1,924 sqft85%
Price/sqft:$390 vs avg $40143%

More Insights

Built in 2005 (21 years old).
Condition: The property was built in 2005, making it 19 years old. The main residence is well-maintained and move-in ready, but its kitchen features (tile countertops, traditional wood cabinets) and master bathroom finishes (tile countertops, older light fixtures) reflect its original construction era and are somewhat dated. However, the garage conversion ADU has been recently and extensively renovated with modern white shaker cabinets, updated countertops, stainless steel appliances, and contemporary flooring and bathroom fixtures, bringing a significant boost to the property's overall condition and style. While the main house prevents an 'Excellent' rating due to its original finishes, the overall property is in good, functional condition with a newly updated secondary unit.
Year Built
2005
Close
-
List price
$1.05M
Original List price
-
Price/Sqft
$390
HOA
$45
Days on market
-
Sold On
-
MLS number
PI25279899
Home ConditionGood
Features
Deck
Patio
View-

About this home

Great Opportunity in The Classics at Bradley Square! This versatile Santa Maria property now offers two separate living units with a combined 2,690 sq ft, ideal for multi-generational living, rental income, or owner-occupancy with supplemental income. The main residence features 3 bedrooms and 2.5 bathrooms with a flexible floor plan. The lower level includes bedrooms, a den, laundry, and a full bath, while the upper level offers the primary living areas including the kitchen, dining, and living room along with a half bath. A covered patio off the dining area and a fireplace provide comfortable indoor-outdoor living and a welcoming focal point. The garage conversion ADU is a fully separate 3-bedroom, 1-bath unit with its own private backyard, offering excellent privacy between the two residences. Both units feature separate outdoor spaces, enhancing functionality and livability. The main home is currently rented month-to-month, and the tenants are willing to relocate into the ADU, offering flexibility for owner-occupants or investors. Home and termite inspections have been completed and are available upon request. A rare opportunity to own a dual-unit property in a desirable Santa Maria community.

R
Richard Gonzalez
Listing Agent

Price History

Date
Event
Price
12/01/23
Sold
$625,000
04/06/17
Sold
$420,000
11/30/10
Sold
$290,000
05/03/05
Sold
$528,500
Condition Rating
Good
The property was built in 2005, making it 19 years old. The main residence is well-maintained and move-in ready, but its kitchen features (tile countertops, traditional wood cabinets) and master bathroom finishes (tile countertops, older light fixtures) reflect its original construction era and are somewhat dated. However, the garage conversion ADU has been recently and extensively renovated with modern white shaker cabinets, updated countertops, stainless steel appliances, and contemporary flooring and bathroom fixtures, bringing a significant boost to the property's overall condition and style. While the main house prevents an 'Excellent' rating due to its original finishes, the overall property is in good, functional condition with a newly updated secondary unit.
Pros & Cons

Pros

Exceptional Income & Multi-Generational Potential: The property features two separate living units (main residence + ADU), explicitly ideal for generating rental income, facilitating multi-generational living, or providing supplemental income for an owner-occupant.
Flexible Occupancy & Tenant Relocation: Current tenants in the main home are on a month-to-month lease and are willing to relocate into the ADU, offering immediate flexibility for an owner-occupant or investor to choose their preferred living arrangement.
Desirable Community Location: Located in 'The Classics at Bradley Square,' a recognized desirable community in Santa Maria, enhancing the property's appeal and potential for appreciation.
Modern Construction: Built in 2005, the property is relatively modern, suggesting contemporary building standards and potentially fewer immediate maintenance concerns compared to older homes.
Pre-Inspected with Available Reports: Home and termite inspections have been completed and are available upon request, providing transparency and potentially streamlining the buyer's due diligence process.

Cons

Ongoing Homeowners Association (HOA) Fees: The property is subject to a monthly association fee of $45, which represents an additional recurring cost of ownership.
Garage Conversion ADU Limitations: While beneficial, the ADU being a garage conversion might imply certain design compromises, space constraints, or a less premium feel compared to a purpose-built accessory dwelling unit.
Tenant Transition Management: Despite tenant willingness, coordinating the relocation of existing tenants from the main home to the ADU (or off-property) requires management and could present logistical challenges for a new owner.
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