881 East Foster Road, Santa Maria, CA 93455, Santa Maria, 93455 - 3 bed, 2 bath
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This Value-Add Residential Asset is listed at $715,000, offering a strategic acquisition opportunity aligned with its $675,148 Fair Market Value. Currently holding a Dated Condition Rating, the property presents significant forced appreciation potential through its ADU-ready 8,276 sqft lot and a flexible interior layout that allows for an easy 4th bedroom conversion. Located just steps from Righetti High School, the property benefits from consistent local demand and long-term neighborhood stability. This is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-utilization development project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 881 East Foster Road Subject | $715,000* List Price | 3 | 2 | 1,544 | $437 | - |
A 1121 Jefferson Court Sold | $815,000 | 3 | 2 | 1,758 | $464 | 0.5 mi |
B 3942 Berrywood Drive Sold | $675,000 | 2 | 2 | 1,300 | $519 | 0.3 mi |
C 1466 Tatum Court Pending | $639,000 List Price | 3 | 2 | 1,516 | $422 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976 (50 years old) and the listing mentions no recent renovations or updates to major systems, kitchen, or baths. It is considered dated and likely requires minor repairs and cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1544.
Situated just steps from Righetti High School, this property offers exceptional convenience for families and maintains high desirability within the Santa Maria community.
The property is designated as ADU-ready on a generous 8,276 sqft lot, providing a significant opportunity for rental income or multi-generational living expansion.
The property was recently sold within the past year on 2026-02-10. The sold price is $325,000.00.
Built in 1976, the home likely requires modernizing updates to its interior finishes and core systems to meet contemporary buyer expectations.
At 1,544 square feet, the interior footprint is relatively modest for a property at this price point, which may limit appeal for buyers seeking more expansive living spaces.
3 bd 2 bath dining room, family room with fireplace and living room, easily can be converted to 4th bedroom. Steps from Righetti High School. ADU lot ready.
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 | 1,544 | 1,915 | 28% |
| Lot Size | 8,276 | 8,712 | 47% |
| Price | $715.0K | $780.0K | 40% |
| Price per sq ft | $463 | $411 | 69% |
| Built year | 1976 | 1983 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 167 | 1% |
Apr 19, 2026
$715,000
Initial Listing
Feb 10, 2026
$325,000
Public Record