2347 E Valley Road, Montecito, CA 93108, Montecito, 93108 - 6 bed, 7 bath
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Montecito, CA 93108
-blue-600 font-bold">Owner-Occupants
Value-Add Investors
(Yes).
* *Wait*, I'll check the "Green Background Highlight" rule again. "Use when equity gap is significant (estimation_ratio >= 2)".
My ratio is -4. So I definitely don't use it.
* *Wait*, I'll check the "Red Bold Underline" rule again. "ALWAYS use when property is below market value".
It's not. So I don't use it.
* *Wait*, I'll check the "Green Bold Underline" rule again. "Use when showing equity potential".
There is no equity potential based on the AI estimate. So I don't use it.
* *Wait*, I'll check the "Bold Highlights" list again.
"Asset/Home Classification" - **Spanish Revival Gated Estate**
"List Price" - **$5,995,000**
"Fair Market Value" - **$5,721,548**
"Equity Amount" - (None)
"Key Features" - **Montecito Union School District**, **Mountain Views**, **Pool and Spa**
"Condition Rating" - **Fair Condition Rating**
"Ideal Buyer Profile" - <span class="text-blue-600
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2347 E Valley Road Subject | $5,995,000* List Price | 6 | 7 | 7,146 | $839 | - |
A 2347 E Valley Road Active | $5,995,000 List Price | 6 | 6 | 7,146 | $839 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this 35-year-old Spanish Revival estate is well-maintained but falls into the 'fair' category as it lacks mention of recent major renovations. The listing's emphasis on 'built-in equity' and 'best value' typically indicates that the interior finishes, kitchen, and bathrooms are likely dated and require modernization to meet current luxury standards, despite the home being functional and structurally sound.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38333, living area = 7146.
THE BEST VALUE IN ALL OF MONTECITO JUST $838/SF. Opportunities like this are rare in Montecito call today to experience it in person! Situated within the highly sought-after Montecito Union School District, this exceptional Spanish Revival gated estate is, without question, the strongest offering in its price range. With 7,146 sqft of living space on nearly one flat, acre, this property delivers remarkable built-in equity for owner-occupants and an outstanding long-term opportunity. Come see this home in person to fully appreciate its beauty.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 92% |
| Baths | 7.0 | 4.0 | 86% |
| Square foot | 7,146 | 3,601 | 91% |
| Lot Size | 38,333 | 40,075.199 | 44% |
| Price | $6.00M | $5.31M | 58% |
| Price per sq ft | $839 | $1.7K | 18% |
| Built year | 1990 | 1981 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 238 | 239 | 50% |
Aug 27, 2025
$5,995,000
Initial Listing