421 E Park Avenue 3, SANTA MARIA, CA 93454, SANTA MARIA, 93454 - 3 bed, 2 bath
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SANTA MARIA, CA 93454
This property represents a High-Potential Investment Opportunity, listed at a List Price of $350,000, which aligns with the $350,000 Fair Market Value. While the property is priced at market, its 1,360 square feet of living space provides a competitive entry point into the Santa Maria market. With a Fair Condition Rating of 4, the unit requires modernization of interior systems and finishes. Featuring a community pool and private patio, this asset is well-suited for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 E Park Avenue 3 Subject | $350,000* List Price | 3 | 2 | 1,360 | $257 | - |
A 421 E Park Active | $350,000 List Price | 3 | 2 | 1,360 | $257 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976 (50 years old) and exhibits dated exterior features including original-style aluminum window frames and a 1970s architectural aesthetic. While the community pool appears maintained, the age of the structure and lack of visible modern upgrades suggest the interior systems, kitchen, and baths are likely dated and require modernization.
Priced at $350,000, this property represents an affordable entry point into the Santa Maria market, offering significant value for a three-bedroom residence compared to single-family alternatives.
With 1,360 square feet of interior space, this condominium provides a spacious layout that is larger than many competing units, making it suitable for growing families or those needing a home office.
The property has a proven track record of appreciation, nearly doubling in value since 2009, and its three-bedroom configuration makes it a highly desirable asset for the local rental market.
The monthly HOA fee of $482 is relatively high for this price point, which may impact the debt-to-income ratio for buyers and increase the overall monthly carrying cost.
Built in 1976, the property may require capital improvements or modernization of major systems and interior finishes to meet contemporary energy efficiency and aesthetic standards.
Exceptional opportunity in SANTA MARIA. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,360 | - |
| Lot Size | 871 | - |
| Price | $350.0K | $496.5K |
| Price per sq ft | $257 | $389 |
| Built year | 1976 | 0 |
| HOA | $482 | $0 |
| Days on market | 51 | 95 |
Jun 1, 2026
$350,000
Initial Listing
Sep 30, 2020
$277,000
Public Record
Apr 16, 2009
$104,000
Public Record
Mar 31, 2006
$311,000
Public Record
Aug 5, 2005
$280,000
Public Record