883 Millstone Avenue, Santa Maria, CA 93455, Santa Maria, 93455 - 3 bed, 2 bath
883 Millstone Avenue
Santa Maria, CA 93455
Property Price
SUMMARY
Analysis of 883 Millstone Avenue, Santa Maria, CA 93455 reveals a property with a current list price of $650,000, which is 8% above the estimated $593,962 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Maria Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 883 Millstone Avenue Subject | $650,000* List Price | 3 | 2 | 1,314 | $452 | - |
A 205 Shirley Lane Sold | $630,000 | 3 | 2 | 1,456 | $433 | 0.7 mi |
B 271 Ross Lane Sold | $645,000 List Price | 3 | 2 | 1,397 | 0.8 mi | |
C 4614 S Bradley Road Sold | $515,736 | 4 | 2 | 1,196 | $431 | 0.8 mi |
D 841 Millstone Avenue Sold | $595,000 List Price | 3 | 2 | 1,474 | 0.1 mi | |
E 4141 Morning Ridge Road Sold | $675,000 List Price | 3 | 2 | 1,345 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1961, this property is over 60 years old and the listing explicitly states it 'likely requires significant updates and renovations to meet modern standards' and implies 'substantial renovation costs to modernize the home.' The absence of interior photos, particularly for the kitchen and bathrooms, combined with the 'value-add' description, strongly suggests these areas are original or severely outdated, requiring full rehabilitation. Major systems (electrical, plumbing, HVAC) are also likely well past their expected lifespan and will need substantial upgrades to meet current standards and comfort.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1314.
- Development Potential
The expansive 0.26-acre lot offers significant potential for RV parking, additional improvements, or future ADU construction, enhancing long-term value.
- Investment Opportunity
Explicitly marketed as an 'excellent opportunity' for investors or buyers looking to add value, indicating strong potential for appreciation through renovation.
CONSRISKS & DEFICIENCIES
- Age and Required Updates
Built in 1961, the property likely requires significant updates and renovations to meet modern standards, representing an additional investment for the buyer.
- Renovation Costs Implied
Positioned as a 'value-add' opportunity, buyers should anticipate substantial renovation costs to modernize the home and maximize its potential.
- Modest Interior Footprint
With 1,314 sq ft of living space on a substantial 0.26-acre lot, the interior footprint might be considered modest by some buyers, especially those seeking more expansive living areas.
About 883 Millstone Avenue
Excellent opportunity on a 0.26-acre lot in Santa Maria. This 3 bed, 2 bath single-story home features 1,314 sq ft of living space and an attached garage. The expansive lot allows for RV parking, additional improvements, or future ADU options. Ideal for investors or buyers looking to add value in a sought-after neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,314 | 1,919 | 15% |
| Lot Size | 11,326 | 8,276.2 | 74% |
| Price | $650.0K | $774.0K | 30% |
| Price per sq ft | $495 | $415 | 81% |
| Built year | 1961 | 1982 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 190 | 8% |
Pricing History
Listed for Sale
Dec 18, 2025
$650,000
Initial Listing
Sold
Aug 19, 2022
$485,000
Public Record