1445 School House Road, MONTECITO, CA 93108, MONTECITO, 93108 - 4 bed, 4 bath
ACTIVE$7,250,000$2,103/sqft
1445 School House Road, MONTECITO, CA 93108
4Beds
4Baths
2,103Sqft
84,070.797Lot
Price Vs. Estimate
Estimation data not available
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 = 84070, living area = 2103.
Top Cons:
Dated Main Residence: Built in 1947, the existing 2,100 sq ft main home likely requires extensive remodeling or a complete rebuild to meet contemporary luxury standards.
Compared to the nearby listings
Price:$7.25M vs avg $6.00M (+$1,250,000)68%
Size:2,103 sqft vs avg 2,795 sqft33%
Price/sqft:$3.4K vs avg $1.4K94%
More Insights
Built in 1947 (79 years old).
Condition: The property was built in 1947 and has not undergone major renovations in over 40 years, as indicated by the listing. While the main house kitchen shows some updates (white cabinets, stainless range, butcher block counters), these appear to be 15-30 years old. The main house bathrooms and the guest house kitchen are significantly dated, featuring tiled countertops, older fixtures, and appliances that are likely 30-50+ years old. The property analysis explicitly states it's a 'Dated Main Residence' that 'likely requires extensive remodeling or a complete rebuild,' and that 'substantial investment' is required. This aligns with the 'Poor' criteria, which describes properties built over 30 years ago, renovated between 30 to 50 years ago, and requiring substantial repairs and rehabilitation to meet current standards, even if not structurally unsound.
Year Built
1947
Close
-
List price
$7.25M
Original List price
-
Price/Sqft
$3,447
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2329
Home ConditionPoor
Features
Good View:
Pool
Spa
Patio
View-
About this home
Discover this rare & secluded almost 2-acre treasure nestled in the heart of Montecito. This picturesque estate boasts beautiful mature oak trees & a charming seasonal stream, creating a serene & inviting setting. The property includes a 2,100 sq ft main home with 3 beds & 2.5 baths, along with a guest house situated above a detached two-car garage. On the market for the first time in over 40 years, this is a legacy property. Surrounded by prestigious estates in the heart of Montecito, remodel or build your dream home, with breathtaking mountain views & a beautiful swimming pool. Its prime location & generous lot size provide potential for a lot split under SB9 guidelines (buyer to verify). Don't miss out on the chance to own a piece of Montecito's finest. Your dream estate awaits!
H
Hutch Axilrod
Listing Agent
Condition Rating
Poor
The property was built in 1947 and has not undergone major renovations in over 40 years, as indicated by the listing. While the main house kitchen shows some updates (white cabinets, stainless range, butcher block counters), these appear to be 15-30 years old. The main house bathrooms and the guest house kitchen are significantly dated, featuring tiled countertops, older fixtures, and appliances that are likely 30-50+ years old. The property analysis explicitly states it's a 'Dated Main Residence' that 'likely requires extensive remodeling or a complete rebuild,' and that 'substantial investment' is required. This aligns with the 'Poor' criteria, which describes properties built over 30 years ago, renovated between 30 to 50 years ago, and requiring substantial repairs and rehabilitation to meet current standards, even if not structurally unsound.
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 = 84070, living area = 2103.
Prestigious Montecito Location: Situated in the highly sought-after heart of Montecito, surrounded by prestigious estates, ensuring enduring value and desirability.
Expansive & Private Acreage: An almost 2-acre secluded lot offers exceptional privacy, space, and a rare opportunity in this exclusive area.
Significant Development Potential: The generous lot size presents a unique opportunity for a lot split under SB9 guidelines, offering substantial future value and flexibility.
Desirable Auxiliary Structures & Amenities: Includes a valuable guest house above a detached garage and a beautiful swimming pool, enhancing lifestyle and potential utility.
Natural Beauty & Scenic Views: Boasts breathtaking mountain views, mature oak trees, and a charming seasonal stream, creating a serene and picturesque setting.
Cons
Dated Main Residence: Built in 1947, the existing 2,100 sq ft main home likely requires extensive remodeling or a complete rebuild to meet contemporary luxury standards.
Underutilized Lot Potential (Current Structure): The current main residence is relatively modest in size for an almost 2-acre Montecito estate, suggesting the property's full potential is not realized without significant investment in a larger or new custom home.
Substantial Investment Required: The property is positioned as an opportunity to 'remodel or build your dream home,' indicating that significant additional capital and vision will be necessary beyond the purchase price to achieve its highest and best use.