
Santa Maria, CA 93454
This Spacious Mediterranean-Style Residence represents a High-Potential Investment Opportunity, listed at $859,850—positioned above the $825,425 Fair Market Value. While the price reflects a premium, the property offers significant value-add potential through its 4-bedroom, 3-bath layout and 0.22-acre lot. With a Condition Rating of 4, the home is functional but ready for cosmetic modernization to capture equity. Key features include a fully owned solar system, gated RV parking, and a versatile bonus loft. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 722 E Bunny Avenue Subject | $829,500* List Price | 4 | 3 | 2,390 | $338 | - |
A 907 E El Camino Sold | $640,000 | 3 | 2 | 2,278 | $281 | 0.4 mi |
B 511 E Chapel Sold | $675,000 | 4 | 2 | 1,995 | $338 | 0.6 mi |
C 907 E Evergreen Ave Sold | $650,000 | 3 | 2 | 1,840 | $353 | 0.2 mi |
D 317 N Valerie Street Sold | $685,000 | 4 | 2 | 1,870 | $366 | 1.0 mi |
E 316 E Orchard Sold | $675,000 | 3 | 2 | 1,547 | $436 | 0.4 mi |
F 1322 Charlotte Drive Active | $750,000 List Price | 4 | 3 | 2,365 | $317 | 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 livable but significantly dated. While it features some recent mechanical and appliance updates—including a new water heater, owned solar, and a new cooktop—the interior finishes such as the green carpeting, wallpapered bathrooms, and vertical blinds are well over 20 years old and require cosmetic modernization.
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 that significantly reduces utility costs, with recent monthly electric bills reported as low as $13.
Situated on nearly a quarter-acre, the home offers rare amenities including gated RV parking, a dedicated workshop, and a productive backyard with 15 fruit trees.
Built in 1977, the property may require more frequent maintenance or infrastructure updates compared to newer constructions in the Santa Maria area.
The presence of an empty koi pond and specialized structures like a chicken coop may necessitate immediate additional investment to either restore or repurpose for standard use.
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 separated 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 featuring 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 throughout--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 entertaining and family BBQs. The yard is a fruit lover's and gardener's delight complete with 15 fruit trees (including two exotic fruit trees--Cherimoya and Sapote), grapes and a raised garden bed. A fully enclosed chicken coop with hen house and a shed are at one end of the yard (no chickens). A second shed is on the other side of the yard. There is an empty koi pond that could be used again as a pond, another landscape feature or usable space for possible ADU. This home includes a completely owned solar system which is a huge savings on the monthly electric bill (latest bill was $13). A new water heater has been installed within the last six months. There is additional parking space on the side of the workshop/garage for RVs or other vehicles behind a gate. The house is also wired for ADT security. Call your favorite Realtor for a showing today! More photos to come.
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 | 1,879.563 |
| Lot Size | 9,583 | 7,495.402 |
| Price | $829.5K | $747.3K |
| Price per sq ft | $347 | $433 |
| Built year | 1977 | 1982 |
| HOA | $0 | $170 |
| Days on market | 19 | 56 |
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