$499,000
UNDER CONTRACT $1K PRICE DROP

538 Milky Way Unit 2 Lompoc, CA 93436

Estimated payment $3,051/month

Total Views 12,325
3 Beds
2 Baths
1,269 Sq Ft
$393 Price per Sq Ft

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Laundry Room
  • Cabrillo High School Rated A-
  • Living Room
  • 1-Story Property

About This Home

Best Value in Vandenberg Village!
This 3-bedroom, 2-bathroom home offers 1,269 square feet of well-designed living space and is priced to move—making it the smartest buy in the neighborhood. With an open-concept layout, the home flows seamlessly from the updated kitchen—featuring stone countertops and modern cabinetry—into the dining and living areas, perfect for entertaining.

The spacious primary bedroom includes a renovated bathroom with a walk-in shower, while the two additional bedrooms offer generous square footage and large windows that fill the space with natural light. The attached 2-car garage and expansive backyard provide excellent potential for outdoor projects, expansion, or future improvements.

Located in a quiet, well-established neighborhood in Vandenberg Village—known for its wide streets, nearby parks, and proximity to Vandenberg Space Force Base—this area has become increasingly sought-after for the value it offers buyers willing to update and improve homes. This property presents a rare opportunity for any handy homeowner to get in at a great price, build equity, and grow long-term value in one of Lompoc’s more established neighborhoods.

Listing Agent

Ryan Benson

Peak Properties Brokerage Phone: 805-550-1980 License #01949307 Listed on: 05/06/2025

Co-Listing Agent

Timothy Bomben

Peak Properties Brokerage Phone: 805-550-1980 License #02253278

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,540

Year Built

  • Built in 1962

Lot Details

  • 6,534 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Home Design

  • Fixer Upper
  • Slab Foundation

Interior Spaces

  • 1,269 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Community Details

  • No Home Owners Association
  • Military Land

Listing and Financial Details

  • Assessor Parcel Number 097053006

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,540

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 097053006
  • Year Built: 1962
  • Special Features: UnderContract

Interior Features

  • Fireplace: Yes
  • Living Area: 1269.00 Square Feet
  • Stories: 1
  • Entry Location: 1st
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 393.22
  • Room Type: Kitchen, Living Room, Main Floor Primary Bedroom, Primary Bathroom

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Military Land, Sidewalks

Schools

  • School District: Lompoc Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6534.0000 Square Feet
  • Number Of Units Total: 1

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,540 $301,345 $118,172 $183,173
2023 $3,540 $289,645 $113,584 $176,061
2022 $3,484 $283,966 $111,357 $172,609
2021 $3,519 $278,399 $109,174 $169,225
2020 $3,484 $275,545 $108,055 $167,490
2019 $3,432 $270,143 $105,937 $164,206
2018 $3,384 $264,847 $103,860 $160,987
2017 $3,237 $259,655 $101,824 $157,831
2016 $2,911 $254,565 $99,828 $154,737
2014 $2,847 $245,831 $96,403 $149,428
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $499,000 -1.2% $393 / Sq Ft
06/24/2025 06/24/25 Price Changed $505,000 +1.0% $398 / Sq Ft
05/06/2025 05/06/25 For Sale $500,000 -- $394 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $204,000 Stewart Title
Grant Deed $132,000 Chicago Title Co
Grant Deed $115,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Stand Alone Refi Refinance Of Original Loan
Closed $181,900 Unknown
Closed $100,000 Credit Line Revolving
Closed $126,100 Unknown
Closed $100,000 Unknown
Closed $50,000 Unknown
Closed $12,000 No Value Available
Previous Owner $131,123 FHA
Previous Owner $98,300 Unknown
Previous Owner $109,250 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25095898

California Regional Multiple Listing Service (CRMLS)

APN: 097-053-006