524 Avalon Street, LOMPOC, CA 93436, LOMPOC, 93436 - 3 bed, 4 bath
ACTIVE$799,000$2,447/sqft
Est. Value: $750,489
-6%
AboveEstimate
524 Avalon Street, LOMPOC, CA 93436
3Beds
4Baths
2,447Sqft
12,196.8Lot
Price Vs. Estimate
The estimated value ($750,489.11) is $48,510.89 (6%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12196, living area = 2447.
Top Cons:
Recent Significant Price Reduction: The property has undergone a substantial price reduction from $895,000 to $799,000, which might indicate a previous overvaluation or challenges in attracting buyers, potentially raising questions about its market value.
Compared to the nearby listings
Price:$799.0K vs avg $615.0K (+$184,000)79%
Size:2,447 sqft vs avg 1,636 sqft87%
Price/sqft:$327 vs avg $35244%
More Insights
Built in 1992 (34 years old).
Condition: Built in 1992, the property is 32 years old. While the kitchen and primary bathroom show evidence of thoughtful updates within the last 5-15 years (e.g., stainless steel appliances, farmhouse sink, granite counters, updated primary bath vanity and tub), other areas, such as the second bathroom with its dated gold-trim shower and older vanity, suggest a mixed level of renovation. The overall style, including dark wood trim, is traditional. The listing's analysis explicitly notes a 'Potential for System Updates' due to the age, indicating major components may be nearing the end of their lifespan. The home is well-maintained and move-in ready, but the inconsistency in updates and the age of the underlying systems mean it requires minor updates in some areas to meet current standards and may incur future capital expenditures for major system replacements, aligning with a 'Fair' condition.
Year Built
1992
Close
-
List price
$799K
Original List price
-
Price/Sqft
$327
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4237
Home ConditionFair
Features
Good View:
Deck
View-
About this home
Discover comfort, character, and room to grow in this beautifully maintained Southside Lompoc home. Offering approx. 2,445 sq. ft. of living space on a generous 0.28-acre lot, this residence blends timeless style with thoughtful upgrades—perfect for multi-generational living or anyone seeking extra space. Includes two primary suites—one upstairs and one on the main level—ideal for guests or extended family. Enjoy a formal living room with fireplace, a spacious family room, and a dining area for entertaining. Large, Private Backyard Plenty of room for gatherings, gardening, pets, or future customization.Patio for Outdoor Dining & Relaxation. 2Car Garage + Extra Parking
M
Michael Cowans
Listing Agent
Price History
Date
Event
Price
03/25/96
Sold
$182,000
07/10/19
Sold
$473,000
12/07/11
Sold
$320,000
08/15/02
Sold
$375,000
Condition Rating
Fair
Built in 1992, the property is 32 years old. While the kitchen and primary bathroom show evidence of thoughtful updates within the last 5-15 years (e.g., stainless steel appliances, farmhouse sink, granite counters, updated primary bath vanity and tub), other areas, such as the second bathroom with its dated gold-trim shower and older vanity, suggest a mixed level of renovation. The overall style, including dark wood trim, is traditional. The listing's analysis explicitly notes a 'Potential for System Updates' due to the age, indicating major components may be nearing the end of their lifespan. The home is well-maintained and move-in ready, but the inconsistency in updates and the age of the underlying systems mean it requires minor updates in some areas to meet current standards and may incur future capital expenditures for major system replacements, aligning with a 'Fair' condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12196, living area = 2447.
Multi-Generational Living Potential: The inclusion of two primary suites, one on each level, makes this home exceptionally well-suited for multi-generational families or accommodating guests with privacy and comfort.
Generous Lot Size & Private Backyard: A substantial 0.28-acre lot provides a large, private backyard with ample space for outdoor gatherings, gardening, pets, or future customization, complemented by a dedicated patio for relaxation.
Spacious & Versatile Interior Layout: With 2,447 sq. ft. of living space, the home offers a flexible layout including a formal living room with a fireplace, a spacious family room, and a dedicated dining area, catering to diverse lifestyle needs.
No Homeowners Association (HOA) Fees: The absence of HOA fees is a significant financial advantage, reducing monthly housing costs and offering greater freedom for property modifications.
Well-Maintained & Thoughtfully Upgraded: Described as 'beautifully maintained' with 'timeless style and thoughtful upgrades,' suggesting the property is in good condition and ready for immediate occupancy with reduced immediate maintenance concerns.
Cons
Recent Significant Price Reduction: The property has undergone a substantial price reduction from $895,000 to $799,000, which might indicate a previous overvaluation or challenges in attracting buyers, potentially raising questions about its market value.
Potential for System Updates: Built in 1992, the home is over 30 years old. While maintained, major systems such as HVAC, plumbing, or electrical may be original or nearing the end of their typical lifespan, potentially requiring future capital expenditures.
Absence of Specific High-End Modern Amenities: Despite mentions of 'thoughtful upgrades,' the description lacks details on specific high-end or smart home features that are often sought after in today's market, which could be a drawback for buyers looking for the latest conveniences.