616 University, Lompoc, CA 93436, Lompoc, 93436 - 3 bed, 2 bath
Loading property details...
Lompoc, CA 93436
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $842,016 Fair Market Value by 5%. This valuation gap provides $43,016 in Instant Equity for the incoming buyer. Boasting 2,260 sq ft of living space on a nearly 10,000 sq ft lot, the home features city and mountain views, dual fireplaces, and RV parking. While maintaining a Condition Rating of 4, the functional 1976 interior offers significant upside through cosmetic modernization. It is a premier choice for Owner-Occupants seeking space or Buy-and-Hold Investors looking for a stable asset in University Park.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 University Subject | $799,000* List Price | 3 | 2 | 2,260 | $372 | - |
A 612 University Sold | $660,000 | 3 | 2 | 1,670 | $395 | 0.0 mi |
B 230 N D Sold | $582,000 | 3 | 2 | 1,487 | $391 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the property is well-maintained and functional but retains a dated architectural style. While the home is move-in ready and features a spacious layout, it lacks recent extensive renovations to the kitchen and bathrooms, which likely feature older finishes and appliances consistent with its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 2260.
Boasting approximately 2,260 sq ft, this single-story layout features both formal living and family rooms with dual fireplaces, offering significantly more interior space than the average 3-bedroom home.
The large 9,583 sq ft lot includes a covered patio, fruit trees, and dedicated RV parking, providing excellent utility and entertainment value for outdoor enthusiasts.
Built in 1976, the home may require cosmetic updates or modernization to align with contemporary design trends and high-end buyer expectations.
Despite the substantial square footage, the home only offers three bedrooms, which may be a drawback for larger families seeking more private sleeping quarters in a house of this size.
Welcome to 616 University Drive! Lovely and spacious one-story 3-bedroom, 2-bath home offering approx. 2,260 sq ft of comfortable living, nestled on a large approx. 9,583 sq ft lot in the desirable University Park neighborhood of southeast Lompoc. This home welcomes you with a grand double-door entry and an inviting oversized front porch. Inside, you'll find a formal living room with fireplace and some city & mountain views along with a formal dining area; a well-appointed kitchen with a generous eat-in area and French doors lead to a large family room featuring a second fireplace—perfect for gatherings and everyday living. The primary suite provides plenty of closet space for added comfort. Step outside to a beautifully landscaped backyard with fruit trees and a large, covered patio, ideal for BBQs and entertaining. Additional highlights include an indoor laundry room that offers ample storage, RV parking, an oversized two-car garage, and more. Don't miss this wonderful opportunity—see it today and make it your Home Sweet Home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,260 | 1,718 | 75% |
| Lot Size | 9,583 | 6,970 | 75% |
| Price | $799.0K | $650.0K | 83% |
| Price per sq ft | $354 | $385 | 35% |
| Built year | 1976 | 1964 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 194 | 3% |
Feb 24, 2026
$799,000
Initial Listing
Nov 1, 2018
$465,000
Public Record