1075 Colleen Way, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 5 bed, 4 bath
1075 Colleen Way
SANTA BARBARA, CA 93111
Property Price
SUMMARY
Analysis of 1075 Colleen Way, SANTA BARBARA, CA 93111 reveals a property with a current list price of $2,200,000, which is 4% above the estimated $2,109,568 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1075 Colleen Way Subject | $2,200,000* List Price | 5 | 4 | 2,545 | $829 | - |
A 5047 Walnut Park Drive Sold | $1,775,000 | 4 | 4 | 2,394 | $741 | 1.0 mi |
B 921 N San Marcos Road Sold | $1,900,000 | 3 | 3 | 2,237 | $849 | 0.9 mi |
C 1361 Camino Meleno Sold | $2,502,560 | 4 | 3 | 2,799 | $894 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1971, this Mid-Century Modern home retains its original architectural character, including open-beamed ceilings and an adobe hearth. While the property is well-maintained and functional, the infrastructure and cosmetic finishes are noted as dated, requiring modernization to meet current luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated on a quiet cul-de-sac in the highly sought-after Mountain View school district and Goleta Foothills, offering both privacy and long-term value in a coveted neighborhood.
- Architectural Character
This late Mid-Century Modern home features desirable aesthetic elements including stunning open-beamed ceilings and a signature adobe brick hearth.
- Versatile Layout
The flexible 5-bedroom floor plan includes a rare downstairs en-suite, making it ideal for multi-generational living, guests, or a spacious home office.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Built in 1971, the property may require significant capital investment to modernize original systems and cosmetic finishes to meet current luxury standards.
- Lot Configuration
While the backyard wraps around the home, the sub-8,000 square foot lot may feel restrictive for buyers expecting a large, contiguous outdoor space for a home of this size.
About 1075 Colleen Way
Nestled on a cul-de-sac against the Goleta Foothills, this spacious 5-bedroom, 3.5-bath late Mid-Century Modern home is in the desirable Mountain View attendance area. The flexible floor plan includes an open living room and formal dining area, a kitchen that opens to a sitting room, a large en-suite bedroom downstairs, and 4 bedrooms and 2 baths upstairs. Enjoy stunning open-beamed ceilings, an adobe brick hearth, and a spacious wrap-around backyard. Homes in this coveted location rarely come on the market, making this an exceptional opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 7,840.8 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 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 | 5.0 | 4.0 | 86% |
| Baths | 4.0 | 2.0 | 82% |
| Square foot | 2,545 | 1,926 | 78% |
| Lot Size | 7,840.8 | 8,929.5 | 44% |
| Price | $2.20M | $1.66M | 65% |
| Price per sq ft | $864 | $878 | 47% |
| Built year | 1971 | 1965 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 188 | 3% |
Pricing History
Listed for Sale
Feb 12, 2026
$2,200,000
Initial Listing
Sold
Oct 15, 1999
$237,500
Public Record