
Santa Maria, CA 93454
This Spacious Mediterranean-Style Residence is a Strong Value Opportunity, listed at $795,000—positioned well below the $803,926 Fair Market Value by 1%. Featuring a Condition Rating of 4, the home offers an owned solar system and a massive .22-acre lot with significant ADU potential. While the interior requires cosmetic updates, the functional layout and versatile workshop space provide immediate utility. This property balances long-term appreciation with lifestyle flexibility, making it an ideal acquisition for Owner-Occupants seeking value or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 722 E Bunny Avenue Subject 4 bd · 3 ba · 2,390 sqft · $338 | $789,900* List Price | 4 | 3 | 2,390 | $338 | - |
A 907 E El Camino Sold 3 bd · 2 ba · 2,278 sqft · $281 · 0.4 mi | $640,000 | 3 | 2 | 2,278 | $281 | 0.4 mi |
B 511 E Chapel Sold 4 bd · 2 ba · 1,995 sqft · $338 · 0.6 mi | $675,000 | 4 | 2 | 1,995 | $338 | 0.6 mi |
C 907 E Evergreen Ave Sold 3 bd · 2 ba · 1,840 sqft · $353 · 0.2 mi | $650,000 | 3 | 2 | 1,840 | $353 | 0.2 mi |
D 1105 Rachel Sold 4 bd · 3 ba · 1,696 sqft · $401 · 0.8 mi | $680,000 | 4 | 3 | 1,696 | $401 | 0.8 mi |
E 317 N Valerie Street Sold 4 bd · 2 ba · 1,870 sqft · $366 · 1.0 mi | $685,000 | 4 | 2 | 1,870 | $366 | 1.0 mi |
F 1322 Charlotte Drive Pending 4 bd · 3 ba · 2,365 sqft · $307 · 0.2 mi | $725,000 List Price | 4 | 3 | 2,365 | $307 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the home is functional and features great system upgrades including an owned solar system and a new water heater. However, the interior is highly dated, featuring green carpeting, older tile countertops, oak vanities, and wallpaper. While the kitchen has received some new appliances, both the kitchen and bathrooms require cosmetic updates to meet modern standards.
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 = 2390.
The property features a fully owned solar system providing significant utility savings, complemented by natural light-enhancing solar tubes and a recently replaced water heater.
With a dedicated 247 sqft office, a bonus loft, a separate workshop, and gated RV parking, the home offers exceptional flexibility for remote work, hobbies, and storage.
Built in 1977, the property includes some older features such as an empty koi pond and original sheds that may require additional investment to modernize or remove.
Multiple price reductions within a short timeframe suggest a shifting market strategy, which may impact buyer perception regarding the home's initial valuation.
Great New Price! Huge Price Reduction! Very motivated Sellers! Welcome to this spacious 4 bed/3 bath Mediterranean style, 2-story home on almost 1/4 (.22) acre lot in a quiet neighborhood, convenient to freeway access and shopping. The front yard is low-maintenance xeriscaping with drought tolerant plants requiring little water. Enjoy the fresh air and water feature on the portico secluded from the front yard by a custom design wall. New bifold doors have been installed going into the formal living room which is currently being used as a large (247 sf) office space. As an original model Majorca home, it has custom design features of columns in the dining room, main bedroom and solid wood panel doors throughout. The kitchen has been updated with new cooktop, range hood and dishwasher. A window seat and breakfast bar offer additional seating. The kitchen is open to the family room with a cathedral ceiling and features a beautiful brick fireplace at the far end with built-in shelves on each side. The downstairs bedroom has built-in cabinets perfect for storage, an office or guest room. It also has a ceiling solar tube for extra daylight. Recent updates include dimmable ceiling LED lighting in the entry, kitchen, office, and hallway. A good-sized workshop is located behind the finished two-car garage which has attic access. Over the garage, is a bonus room/loft ideal for an extra guest or craft room. Another solar tube is over the stairwell going up to the loft. There is an additional skylight in the loft. The large fully fenced backyard has a covered patio perfect for entertai
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,390 | 1,817.181 |
| Lot Size | 9,583 | 7,535.591 |
| Price | $789.9K | $739.8K |
| Price per sq ft | $331 | $434 |
| Built year | 1977 | 1984 |
| HOA | $0 | $159 |
| Days on market | 63 | 53 |
Sep 19, 2026
$789,900
$795,000
-1% Price Drop
Initial Listing
Sep 12, 2026
$795,000
$829,500
-4% Price Drop
Initial Listing
Sep 5, 2026
$829,500
$859,850
-4% Price Drop
Initial Listing
Aug 31, 2026
$859,850
$859,900
+0% Price Increase
Initial Listing
Aug 21, 2026
$859,900
Initial Listing
Jul 29, 2003
$420,000
Public Record
Jul 26, 2000
$210,000
Public Record