1525 Castillo, Santa Barbara, CA 93101, Santa Barbara, 93101 - 4 bed, 3 bath
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Santa Barbara, CA 93101
This Historic Santa Barbara Value-Add Asset is listed at $1,999,999, reflecting a premium for its prime downtown position relative to its $1,883,256 Fair Market Value. With a Condition Rating of 4, this 1919-built residence offers a high-utility 4-bedroom layout and a generous 6,534 square foot lot, providing significant potential for forced appreciation through modernization. At $1,219 per square foot, the valuation accounts for exceptional walkability and historic character. This is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking a high-upside project in a supply-constrained market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1525 Castillo Subject | $1,999,999* List Price | 4 | 3 | 1,641 | $1,148 | - |
A 916 W Micheltorena Street Active | $1,895,000 List Price | 4 | 3 | 1,910 | $992 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1919, this property is well-maintained but shows clear signs of age. While the exterior appears recently painted, the interior features older windows and traditional hardwood flooring that suggest the home has not undergone a full modern renovation within the last 15 years. Given its century-old infrastructure, it likely requires updates to major systems and cosmetic refreshments in the kitchen and bathrooms to meet current luxury standards for the area.
Situated in the heart of Santa Barbara, this property offers exceptional walkability and immediate proximity to downtown amenities, dining, and cultural attractions.
Featuring 4 bedrooms and 3 bathrooms within 1,641 square feet, the home provides a versatile and high-density floor plan that is rare for properties of this vintage.
The 6,534 square foot lot provides significant outdoor space for a central urban location, offering potential for gardening, entertaining, or future expansion.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Built in 1919, the property likely requires ongoing specialized maintenance or significant capital improvements to modernize century-old infrastructure and systems.
At nearly $1,219 per square foot, the listing price reflects a high premium for the location, which may be a barrier for buyers seeking more interior living area for their investment.
This 4 Bedrooms + 3 Baths Charming home is located in the heart of Santa Barbara, centrally located to everything.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,641 | 1,301 | 73% |
| Lot Size | 6,534 | 4,791.6 | 73% |
| Price | $2.00M | $1.50M | 80% |
| Price per sq ft | $1.2K | $1.1K | 53% |
| Built year | 1919 | 1930 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 197 | 2% |
Apr 14, 2026
$1,999,999
Initial Listing