1275 Calle Cerrito, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 3 bed, 2 bath
1275 Calle Cerrito
SANTA BARBARA, CA 93101
Property Price
SUMMARY
Analysis of 1275 Calle Cerrito, SANTA BARBARA, CA 93101 reveals a Prime Investment Opportunity with a current list price of $1,675,000—significantly undercutting the $1,815,151 Fair Market Value by 7%. This valuation gap indicates a +$140,151 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 1275 Calle Cerrito Subject | $1,675,000* List Price | 3 | 2 | 1,674 | $1,084 | - |
A 2110 Monterey Street Sold | $1,315,000 | 3 | 2 | 1,371 | $959 | 0.6 mi |
B 1330 W Valerio Street Sold | $1,639,000 | 2 | 2 | 1,465 | $1,119 | 0.1 mi |
C 1425 Robbins Street Sold | $1,300,000 | 3 | 2 | 1,021 | $1,273 | 0.3 mi |
D 2319 Vista Del Campo Sold | $1,460,000 | 3 | 2 | 1,650 | $885 | 0.7 mi |
E 1212 W Micheltorena Street Sold | $1,530,000 | 2 | 1 | 1,187 | $1,289 | 0.2 mi |
F 2110 Monterey Pending | $1,499,888 List Price | 3 | 2 | 1,371 | $1,094 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained with significant recent infrastructure upgrades, including a new roof, solar system, and electrical panel. While the 1969 structure is older, the interior features new hardwood floors and thoughtfully updated bathrooms. The kitchen is functional and well-integrated, though not described as a full recent renovation, placing the home firmly in the 'good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Views & Outdoor Living
The property features an expansive entertainer's deck offering breathtaking views of the Santa Ynez Mountains, the Riviera, and downtown Santa Barbara, perfectly capturing the local climate.
- Significant Infrastructure Upgrades
Recent high-value improvements including a new roof, solar system, updated electrical panel, and fiber optic connectivity provide long-term durability and energy efficiency.
- Prime Coastal Location
Situated on a peaceful street, the home offers an ideal balance of tranquility and convenience, located just minutes from pristine beaches, hiking trails, and downtown amenities.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of approximately 5,663 square feet, the outdoor space is relatively compact for the price point, which may limit privacy or future expansion possibilities.
- Market Sensitivity
A recent price reduction from the original list price suggests the property may have faced initial market resistance, potentially due to remaining original 1969 elements.
About 1275 Calle Cerrito
Discover the perfect blend of comfort, location, and breathtaking views of the mountains, Riviera, and downtown Santa Barbara at this beautifully maintained 3-bedroom, 2-bathroom home! Step inside to find a cozy living room that flows seamlessly to an expansive deck — an entertainer's dream offering the ideal vantage point to soak in panoramic views while enjoying Santa Barbara's enviable climate. The dining area, located right off the kitchen, provides a welcoming space to gather with family and friends over memorable meals. Retreat to spacious bedrooms featuring beautiful new hardwood floors and thoughtfully updated bathrooms that blend style and functionality. Recent enhancements include a new roof, solar, electrical panel, and fiber optics. The 2-car garage with an entrance into the home offers convenient parking and generous storage space. Location is everything, and this home delivers. Nestled on a peaceful street, you're just minutes from pristine beaches, scenic walking and hiking trails, and the vibrant shops and restaurants of downtown Santa Barbara. Embrace the best of coastal California living at its finest!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 5,662.8 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 | 1,674 | 1,267.5 | 78% |
| Lot Size | 5,662.8 | 4,138.2 | 67% |
| Price | $1.68M | $1.43M | 58% |
| Price per sq ft | $1.0K | $1.1K | 45% |
| Built year | 1969 | 1930 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 184 | 15% |
Pricing History
Listed for Sale
Feb 12, 2026
$1,675,000
$1,699,000
-1% Price Drop
Initial Listing
Price Change
Jan 3, 2026
$1,699,000
Initial Listing
Sold
Feb 8, 2019
$978,000
Public Record
Sold
Apr 5, 2012
$640,000
Public Record