1520 Willina Lane, Santa Barbara, CA 93108, Santa Barbara, 93108 - 2 bed, 2 bath
1520 Willina Lane
Santa Barbara, CA 93108
Property Price
SUMMARY
Analysis of 1520 Willina Lane, Santa Barbara, CA 93108 is currently available with a list price of $4,895,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1920, is lovingly maintained and exudes historic charm. However, the kitchen features dated white tile countertops, a vintage-style range, and older white appliances, which do not meet current quality standards. The bathrooms also show signs of being outdated, particularly with the pink tile surround in the primary bathroom and tile countertops in the second bathroom. While the home is clean and functional, these key areas require significant updates to align with modern aesthetics and expectations, placing it in the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8712, living area = 1727.
- Exceptional Location
Situated in the highly sought-after Hedgerow District of Montecito, offering convenient access to the Rosewood Miramar Resort, beach, Upper and Lower Villages, dining, and shopping.
- Luxury Outdoor Amenities
Features a sparkling private pool and spa, providing a resort-like experience perfect for enjoying Montecito's idyllic climate year-round.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only two bedrooms, the property may not accommodate larger families or those requiring more living space, potentially narrowing the buyer pool for a Montecito property.
- Historic Property Considerations
While charming, a 1920-built home may come with inherent maintenance considerations for older systems (e.g., plumbing, electrical, foundation) that could require future investment, despite being well-maintained.
- High Price Point for Size
The list price of $4.895 million is substantial for a 1,761 sqft, 2-bedroom cottage, even in a prime Montecito location, which could impact market velocity.
About 1520 Willina Lane
Welcome to this enchanting 2-bedroom, 2-bathroom cottage nestled in the highly sought-after Hedgerow District of Montecito. Spanning +/-1,761 square feet, this lovingly maintained home exudes character and charm, offering a serene and private retreat. The quaint lot is adorned with verdant landscaping, providing a tranquil and secluded setting. Take a dip in the sparkling pool or unwind in the spa, perfect for enjoying Montecito's idyllic weather year-round. The +/-317-square-foot pool house offers additional space for guests, a home office, or a creative studio, enhancing the property's appeal. This charming neighborhood is a short stroll to the Rosewood Miramar Resort, beach access, both the Upper and Lower Villages, restaurants, shopping, and all that Montecito has to offer. Lovingly cared for by its owners for over 24 years and situated in the highly coveted Montecito Union School District, this cottage is a rare find that seamlessly blends historic charm with modern comforts.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 4.0 | 8% |
| Baths | 2.0 | 5.0 | 14% |
| Square foot | 1,727 | 3,681 | 21% |
| Lot Size | 8,712 | 43,560 | 14% |
| Price | $4.89M | $5.33M | 40% |
| Price per sq ft | $2.8K | $1.6K | 93% |
| Built year | 1920 | 1973 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 304 | 239 | 69% |
Pricing History
Listed for Sale
May 7, 2025
$4,895,000
Initial Listing