511 E Chapel, Santa Maria, CA 93454, Santa Maria, 93454 - 4 bed, 2 bath
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Santa Maria, CA 93454
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $635,000—positioned well below the $663,552 Fair Market Value by 4%. This valuation gap offers $28,552 in Instant Equity for the buyer. With a Fair Condition Rating, the property features a large lot with rear alley access and a protected covered patio, providing significant potential for cosmetic updates or ADU development. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth in Santa Maria’s Bungalow District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 E Chapel Subject | $635,000* List Price | 4 | 2 | 1,995 | $333 | - |
A 602 E Bunny Sold | $650,000 | 4 | 2 | 1,606 | $405 | 0.6 mi |
B 440 Roble Street Sold | $535,000 | 3 | 3 | 1,694 | $316 | 0.9 mi |
C 801 E Cook Sold | $530,000 | 3 | 2 | 1,475 | $359 | 0.4 mi |
D 422 Garnet Active | $755,000 List Price | 3 | 2 | 1,881 | $401 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1964, this 60-year-old home is well-maintained but dated. While the secondary bathroom has been remodeled, the interior features original-style wood paneling and older fixtures. It fits the 'Fair' category as it is move-in ready but requires cosmetic updates and likely system evaluations due to its age.
Situated in the highly sought-after Bungalow District of Santa Maria, this property offers classic charm in a coveted neighborhood known for its character and historical appeal.
With nearly 2,000 square feet of living space, the home features an expansive great room, a formal dining area, and a large primary suite, providing ample room for comfortable living and entertaining.
The generous 7,405 square foot lot includes rear alley access, offering significant potential for future development, ADU possibilities, or convenient backyard access.
Built in 1964, the home likely requires further modern updates beyond the secondary bathroom to fully realize its contemporary potential and meet modern aesthetic standards.
There is a discrepancy between the listing data (4 bedrooms) and the property description (3 bedrooms), which may indicate a non-conforming room or require clarification for potential buyers.
This nearly 2000 SF 3-BR /2-BA home presents classic charm plus contemporary potential and versatility in the coveted Bungalow District of Santa Maria. The lovely foyer welcomes you into the expansive great room. The adjoining formal dining room expands the entertainment possibilities, as it opens to a protected covered patio. The dine-in kitchen offers generous cabinets and counters with the added pleasure of the adjacent patio. All three bedrooms are spacious. A spacious primary suite includes a wall-to-wall closet and a large bathroom featuring attractive cabinetry and a built-in dressing table. The secondary bathroom has been tastefully remodeled. Framing this lovely residence is a large lot with an an appealing backyard featuring colorful plantings. The rear alley access enhances the versatility and possibilities of this great property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,995 | - |
| Lot Size | 7,405 | - |
| Price | $635.0K | $701.6K |
| Price per sq ft | $318 | $430 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 9 | 51 |
Jul 13, 2026
$635,000
Initial Listing