537 E Mariposa, Santa Maria, CA 93454, Santa Maria, 93454 - 2 bed, 1 bath
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537 E Mariposa
Santa Maria, CA 93454
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,063Sq Ft
6,970Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$593,356
7% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $593,356 Fair Market Value by 7%. This valuation gap offers $43,356 in Instant Equity. Featuring a Mint Condition Rating with a fully renovated kitchen and fresh paint, the property includes a 7,000 sq. ft. lot with City-Approved ADU Plans. This hybrid asset balances immediate move-in readiness with significant development upside, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term wealth growth.
Estimated Market Value
$593,356+$43,356 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 537 E Mariposa Subject 2 bd · 1 ba · 1,063 sqft · $558 | $550,000* List Price | 2 | 1 | 1,063 | $558 | - |
A 527 E Mariposa Sold 3 bd · 1 ba · 1,225 sqft · $509 · 0.0 mi | $624,000 | 3 | 1 | 1,225 | $509 | 0.0 mi |
B 323 E Park Sold 2 bd · 1 ba · 1,086 sqft · $552 · 0.4 mi | $600,000 | 2 | 1 | 1,086 | $552 | 0.4 mi |
C 417 S Ranch Street Sold 3 bd · 2 ba · 1,196 sqft · $543 · 0.8 mi | $650,000 | 3 | 2 | 1,196 | $543 | 0.8 mi |
D 603 S Lucas Drive Sold 3 bd · 2 ba · 1,431 sqft · $470 · 0.7 mi | $672,500 | 3 | 2 | 1,431 | $470 | 0.7 mi |
E 115 E Park Avenue Pending 2 bd · 2 ba · 1,054 sqft · $569 · 0.5 mi | $599,900 List Price | 2 | 2 | 1,054 | $569 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property features a fully renovated kitchen with brand-new shaker cabinets and stone countertops, a refreshed bathroom with new tile, and fresh interior paint throughout. These updates qualify as a recent renovation (<5 years), bringing the interior to mint, move-in ready condition despite the 1952 original build date.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The home features a fully renovated kitchen with new cabinetry and countertops, along with a refreshed bathroom and fresh paint, offering a move-in-ready experience for buyers.
- ADU Development Potential
With city-approved ADU plans already in place and a spacious 7,000 sq. ft. lot, this property offers significant value-add potential for rental income or multi-generational living.
- Versatile Outdoor Space
The expansive lot includes dedicated RV parking and ample room for outdoor entertaining, providing rare utility and flexibility for a property in this price range.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Limited Bedroom and Bathroom Count
With only two bedrooms and one bathroom, the property's layout may limit its appeal to larger families or those requiring a dedicated home office.
- Mid-Century Infrastructure
Originally built in 1952, the home may require ongoing maintenance or future upgrades to aging systems that were not addressed in the recent cosmetic renovations.
About 537 E Mariposa
Situated in an established Santa Maria neighborhood, 537 E Mariposa Way offers timeless single-story living with classic, natural light, and a cozy fireplace. Recently updated featuring fresh interior paint throughout, fully renovated kitchen boasts brand-new cabinets and sleek countertops, the refreshed bathroom, complete with new tile. The expansive 7,000 sq. ft. lot provides endless opportunities from outdoor entertaining, RV parking to potential ADU expansion. Currently property has an ADU plan already approved with the city. Buyer to verify all square footage, permits, and zoning with the city/county. Conveniently located near local schools, dining, and minutes to US-101.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,063 | 1,817.181 |
| Lot Size | 6,970 | 7,535.591 |
| Price | $550.0K | $739.8K |
| Price per sq ft | $517 | $434 |
| Built year | 1952 | 1984 |
| HOA | $0 | $159 |
| Days on market | 8 | 53 |
Pricing History
Listed for Sale
Oct 16, 2026
$550,000
Initial Listing
Sold
Aug 15, 2023
$435,000
Public Record
Sold
Sep 8, 2008
$172,000
Public Record
Sold
Mar 31, 2004
$304,000
Public Record