1145 Alameda Padre Serra, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 4 bed, 5 bath
1145 Alameda Padre Serra
SANTA BARBARA, CA 93103
Property Price
SUMMARY
Analysis of 1145 Alameda Padre Serra, SANTA BARBARA, CA 93103 reveals a Prime Investment Opportunity with a current list price of $3,495,000—significantly undercutting the $3,926,779 Fair Market Value by 10%. This valuation gap indicates a +$431,779 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 1145 Alameda Padre Serra Subject | $3,495,000* List Price | 4 | 5 | 2,504 | $1,568 | - |
A 1226 Alameda Padre Serra Sold | $3,700,000 | 3 | 4 | 2,762 | $1,340 | 0.1 mi |
B 914 Medio Road Sold | $2,895,000 List Price | 4 | 3 | 2,511 | 0.3 mi | |
C 34 Rubio Road Sold | $2,500,000 List Price | 4 | 3 | 2,096 | 0.3 mi | |
D 1808 Loma Street Active | $3,099,000 List Price | 5 | 5 | 2,669 | $1,161 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that align with current luxury standards. Key features include a fully remodeled contemporary kitchen, updated hardwood flooring, a striking new glass staircase, and exposed beam ceilings. Despite the 1968 build year, the interior finishes and systems appear virtually new, reflecting high-end designer quality with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Riviera Views
Situated on the prestigious Alameda Padre Serra, the property offers breathtaking, unobstructed panoramic views of the Pacific Ocean, Channel Islands, and Santa Barbara city lights.
- Modern Designer Renovations
The home features high-end contemporary updates, including a striking new glass staircase, remodeled kitchen, and exposed beam ceilings that blend classic Santa Barbara style with modern elegance.
- Indoor-Outdoor Flow
The architectural layout emphasizes the coastal lifestyle with spacious living areas that transition seamlessly onto multiple outdoor terraces, perfect for high-end entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2504, other record living area = 1776. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Recently Sold Property
The property was recently sold within the past year on 2025-04-22. The sold price is $3,000,000.00.
- High Price per Square Foot
At a listing price of nearly $3.5 million for 2,504 square feet, the property sits at a premium price point that may be perceived as high relative to the total living area.
About 1145 Alameda Padre Serra
Santa Barbara Elegance - 1145 Alameda Padre Serra Nestled along one of Santa Barbara's most iconic streets, this exquisite property offers breathtaking views of the ocean, islands, and city, embodying the essence of California's American Riviera. Experience sophisticated living that is intimately connected to the stunning coastal landscape. Recently renovated, this contemporary home is designed for both everyday comfort and gracious entertaining. Spacious living and dining areas 6seamlessly flow onto various outdoor terraces, perfect for enjoying the beautiful surroundings. The interior features updated hardwood floors, a striking new glass staircase, a remodeled kitchen, and exposed beam ceilings, all enhanced by elegant finishes. Schedule a private showing appointemt.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 9,583.2 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 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 | 4.0 | 3.0 | 58% |
| Baths | 5.0 | 3.0 | 93% |
| Square foot | 2,504 | 1,972 | 69% |
| Lot Size | 9,583.2 | 10,018.8 | 49% |
| Price | $3.50M | $2.13M | 80% |
| Price per sq ft | $1.4K | $1.0K | 67% |
| Built year | 1968 | 1949 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 199 | 2% |
Pricing History
Listed for Sale
Feb 14, 2026
$3,495,000
Initial Listing
Sold
Apr 22, 2025
$3,000,000
Public Record
Sold
Mar 14, 2013
$1,550,000
Public Record