499 E Newlove, Santa Maria, CA 93454, Santa Maria, 93454 - 3 bed, 3 bath
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499 E Newlove
Santa Maria, CA 93454
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,560Sq Ft
615Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$478,006
4% AboveMARKET VALUE
SUMMARY
This Spacious Condominium represents a Strong Value Opportunity, listed at $499,000—positioned well above the $478,007 Fair Market Value. While the property is priced slightly above market, its Condition Rating of 4 and recent cosmetic updates, including fresh paint and new luxury vinyl flooring, ensure a turnkey experience. Featuring a functional 1,560 sqft layout with an attached 2-car garage and private patio, it offers significant lifestyle convenience near downtown. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home.
Estimated Market Value
$478,006
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 |
|---|---|---|---|---|---|---|
★ 499 E Newlove Subject 3 bd · 3 ba · 1,560 sqft · $306 | $499,000* List Price | 3 | 3 | 1,560 | $306 | - |
A 421 E Park Sold 3 bd · 2 ba · 1,360 sqft · $257 · 1.0 mi | $350,000 | 3 | 2 | 1,360 | $257 | 1.0 mi |
B 1920 S McClelland Street 7B Sold 2 bd · 2 ba · 1,242 sqft · $282 · 0.4 mi | $350,000 | 2 | 2 | 1,242 | $282 | 0.4 mi |
C 1960 S Mcclelland Sold 2 bd · 2 ba · 1,027 sqft · $356 · 0.4 mi | $366,000 | 2 | 2 | 1,027 | $356 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984, this property is over 40 years old and maintains a largely dated aesthetic. While it features recent cosmetic improvements such as fresh paint and new luxury vinyl plank flooring in the primary bath, the kitchen and secondary bathrooms remain dated with older cabinetry, laminate countertops, and white appliances. The main living area tile and overall infrastructure reflect the original build era, requiring further modernization to reach a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Ideally situated near downtown Santa Maria, Allan Hancock College, and major shopping centers, offering high convenience for residents and strong appeal for potential tenants.
- Move-In Ready Condition
The property features a recently painted interior, professionally cleaned tile and carpets, and updated luxury vinyl plank flooring in the primary bathroom, ensuring a turnkey experience.
- Spacious Functional Layout
With 1,560 square feet of living space, this condo offers a desirable two-story floor plan that includes an attached two-car garage, a private patio, and an oversized primary suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1560, other record living area = 1484.
- Monthly Association Fees
The $370 monthly HOA fee represents a significant recurring carrying cost that may impact the debt-to-income ratio for budget-conscious buyers.
- Limited Private Outdoor Space
The property features a very small lot size of 615 square feet, providing only a modest private patio rather than a traditional yard, which may not suit buyers with pets or children.
About 499 E Newlove
Location, location, location! Centrally located close to downtown, shopping, restaurants Allan Handcock College and more, this spacious condo offers 3 bedrooms and 2.5 bathroom in a 2-story layout that features an attached 2 garage with a laundry area. Enjoy the open layout and private back patio whether youre entertaining or just relaxing. All of the interior has been recently painted and all appliances are included! The lower level has freshly cleaned tile flooring throughout, a cozy fireplace in the living room and a dedicated dinning space. Upstairs provides recently cleaned carpet, nicely sized bedrooms, ample storage, and even a small balcony to enjoy some fresh air. The primary bedroom is over sized with a large closet, ensuite bathroom with new luxury vinyl planks, and wide windows allowing for plenty of natural light. Ideally located towards the back of the complex close to the shared lawn space and BBQ area. This property would make for a great home or investment property and wont last long at this price. Schedule a tour today before its gone!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 615 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $370 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.1 |
| Baths | 3.0 | 2.2 |
| Square foot | 1,560 | 1,286 |
| Lot Size | 615 | 964.775 |
| Price | $499.0K | $429.8K |
| Price per sq ft | $320 | $342 |
| Built year | 1984 | 1983 |
| HOA | $370 | $513 |
| Days on market | 2 | 68 |
Pricing History
Listed for Sale
Oct 22, 2026
$499,000
Initial Listing
Sold
Oct 28, 2010
$121,000
Public Record
Sold
Mar 22, 2007
$320,000
Public Record