220 Santa Barbara Street D, SANTA BARBARA, CA 93101, SANTA BARBARA, 93101 - 2 bed, 3 bath
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SANTA BARBARA, CA 93101
This Spanish Style Townhome is a Strong Value Opportunity, listed at $1,499,000—positioned below the $1,523,223 Fair Market Value by 1%. This valuation offers $24,223 in Instant Equity. Located in the premier Funk Zone just two blocks from the beach, the property boasts mountain views, a large terrace, and a rare private yard. While maintaining a Condition Rating of 4, the original finishes provide a clear path for value-add cosmetic updates. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 220 Santa Barbara Street D Subject | $1,499,000* List Price | 2 | 3 | 1,696 | $898 | - |
A 210 Santa Barbara Street D Sold | $1,199,000 List Price | 2 | 3 | 1,785 | 0.1 mi | |
B 220 Santa Barbara Street C Sold | $1,300,000 | 2 | 3 | 1,954 | $665 | 0.0 mi |
C 316 W Ortega Street B Sold | $1,795,000 | 3 | 3 | 1,769 | $1,015 | 0.8 mi |
D 401 Chapala Street 214 Sold | $1,450,000 | 1 | 2 | 1,601 | $906 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004, the property is 22 years old based on the listing date. While the exterior and grounds are well-maintained, the interior finishes—specifically the tile countertops and fixtures in the bathroom—are original to the build date and appear dated by modern standards, fitting the criteria for a property over 20 years old needing minor cosmetic updates.
Situated in the heart of the vibrant Funk Zone and just two blocks from the beach, this property offers unparalleled access to Santa Barbara's premier dining, wine tasting, and coastal recreation.
Featuring a rare private yard and a large terrace with expansive mountain views, this townhome provides significantly more private outdoor space than typical condominiums in the area.
With a proven rental history and a 'lock and leave' design, the property is an ideal choice for both full-time residents and investors seeking a high-demand asset in a competitive market.
The monthly association fee of $1,040 is relatively high, which may impact the overall affordability and net return on investment for potential buyers.
While offering convenient travel access, the property's proximity to the freeway may result in ambient traffic noise, potentially affecting the tranquility of the outdoor living areas.
Fantastic opportunity in the Funk Zone at Villa Del Mar and only 2 blocks from the beach. Embrace the Santa Barbara lifestyle in this 2 bedroom, 2.5 bath Spanish Style townhome with high ceilings and huge mountain views as well as a large terrace off of the primary and a rare private yard. Great lock and leave with solid rental history. Proximity to restaurants, wine tasting, shops and easy access to freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 1,696 | 1,433 | 65% |
| Lot Size | - | 435.6 | 47% |
| Price | $1.50M | $1.50M | 50% |
| Price per sq ft | $884 | $1.0K | 35% |
| Built year | 2004 | 2003 | 59% |
| HOA | $1040 | $550 | 82% |
| Days on market | 32 | 137 | 6% |
May 5, 2026
$1,499,000
Initial Listing
Jul 14, 2021
$1,400,000
Public Record
Oct 14, 2016
$882,500
Public Record
Jan 16, 2004
$802,000
Public Record