Realkey.ai
RealKey
‪(213) 433-7766‬

1010 Portesuello Avenue, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 3 bed, 3 bath

1010 Portesuello Avenue, SANTA BARBARA, CA 93105 home-pic-0
ACTIVE$2,795,000$2,603/sqft
Est. Value: $2,795,000
%
FairlyEstimate
1010 Portesuello Avenue, SANTA BARBARA, CA 93105
3Beds
3Baths
2,603Sqft
44,866Lot

Price Vs. Estimate

The estimated value ($2,795,000) is $0 (0%) lower than the list price ($2,795,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 44866, living area = 2603.
Top Cons:
Needs Significant Renovation: The home is described as 'ready to be reimagined,' indicating that substantial updates to its aesthetics and possibly functionality are required to meet contemporary standards.

Compared to the nearby listings

Price:$2.79M vs avg $2.28M (+$515,000)60%
Size:2,603 sqft vs avg 1,799.5 sqft77%
Price/sqft:$1.1K vs avg $1.1K52%

More Insights

Built in 1979 (47 years old).
Condition: Built in 1979 and offered by original owners, this property is largely in its original condition, requiring significant aesthetic updates. The kitchen features dated tile countertops, original wood cabinets, and older appliances (excluding the refrigerator). Bathrooms also exhibit outdated vanities, tile work, and fixtures. While the home appears well-maintained for its age and includes modern additions like owned solar panels and a Life Source Water System, the interior finishes, flooring (carpet and older tile), and light fixtures are all considerably dated and need a full renovation to meet contemporary standards, as suggested by the listing's 'ready to be reimagined' description.
Year Built
1979
Close
-
List price
$2.79M
Original List price
-
Price/Sqft
$1,074
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2183
Home ConditionFair
Features
Excellent View:
Deck
Patio
View-

About this home

Nestled on a knoll in the coveted Bel Air neighborhood, on an acre lot & boasting panoramic views of the ocean, mountains & local iconic downtown landmarks. Offered by original owners, this custom home of 2600 sq ft is ready to be reimagined. An open floor plan with generous living room, dining room & great room spaces, high ceilings & natural light. The kitchen, breakfast nook with built-in banquette & adjoining family room with fireplace lead to the private backyard. The upstairs primary suite has a view balcony, generous closet space, dual sink vanity, separate toilet, walk-in shower & a tub. There are 2 additional bedrooms with a dual access bath plus half bath & laundry room. The home is set up a long private driveway & closer to the street is a level area for a potential ADU. an ideal spot for an ADU close to the street (driveway apron in place), a 2 car garage and plenty off street parking. The home is also equipped with owned solar panels and Life Source Water System.

S
Summer Knight
Listing Agent
Condition Rating
Fair
Built in 1979 and offered by original owners, this property is largely in its original condition, requiring significant aesthetic updates. The kitchen features dated tile countertops, original wood cabinets, and older appliances (excluding the refrigerator). Bathrooms also exhibit outdated vanities, tile work, and fixtures. While the home appears well-maintained for its age and includes modern additions like owned solar panels and a Life Source Water System, the interior finishes, flooring (carpet and older tile), and light fixtures are all considerably dated and need a full renovation to meet contemporary standards, as suggested by the listing's 'ready to be reimagined' description.
Pros & Cons

Pros

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 = 44866, living area = 2603.
Panoramic Views: The property boasts stunning panoramic views of the ocean, mountains, and iconic downtown landmarks from its knoll-top position.
Desirable Location & Lot Size: Nestled in the coveted Bel Air neighborhood on a generous one-acre lot, offering privacy and prestige in Santa Barbara.
ADU Potential: A level area closer to the street with a driveway apron in place presents an ideal opportunity for a potential Accessory Dwelling Unit (ADU), adding significant value.
Eco-Friendly Features: Equipped with owned solar panels and a Life Source Water System, enhancing sustainability and potentially reducing utility costs.
Spacious & Bright Interiors: Features an open floor plan with generous living spaces, high ceilings, and abundant natural light, providing a desirable foundation for renovation.

Cons

Needs Significant Renovation: The home is described as 'ready to be reimagined,' indicating that substantial updates to its aesthetics and possibly functionality are required to meet contemporary standards.
Age of Property & Systems: Built in 1979, the property is over 40 years old, suggesting that major systems (e.g., plumbing, electrical, HVAC) may be original or dated and could require costly replacements or upgrades.
Potential for High Upfront Investment: Beyond the purchase price, prospective buyers should anticipate a considerable budget for the necessary 'reimagining' and potential system updates, which could be a barrier for some.
Browse Properties by State Browse housing market trends by state