2347 E Valley Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 6 bed, 6 bath
2347 E Valley Road
Santa Barbara, CA 93108
Property Price
SUMMARY
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a high-end Spanish Revival estate built in 1990, placing it within the 25-40 year age bracket specified for the 'fair' condition score. While the home is exceptionally well-maintained and move-in ready, the interior finishes—particularly the ornate wood cabinetry in the bathrooms and library—reflect the original construction style rather than modern luxury trends. The listing description and AI analysis both acknowledge the need for modernization and cosmetic updates to meet current market standards, confirming that while the structure is sound and functional, it has not undergone a comprehensive renovation in the last 15 years.
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 = 38333, living area = 7146.
- Exceptional Value
At approximately $838 per square foot, this estate is priced significantly below the Montecito average, offering substantial built-in equity and a rare entry point for a property of this scale.
- Premier School District
The property is situated within the highly coveted Montecito Union School District, a primary driver for property values and a major draw for families seeking top-tier education.
CONSRISKS & DEFICIENCIES
- Potential Modernization Needs
Built in 1990, the home may require capital improvements or cosmetic updates to its systems and finishes to meet the aesthetic standards of modern luxury buyers.
- Traffic Proximity
Located on East Valley Road, a main thoroughfare in Montecito, the property may experience more ambient road noise than estates located on more secluded side streets.
- High Maintenance Overhead
The sheer size of the residence and the expansive grounds entail significant ongoing costs for utilities, landscaping, and general upkeep that must be factored into the long-term investment.
About 2347 E Valley Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 38,333 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 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 | 6.0 | 4.0 | 90% |
| Baths | 6.0 | 5.0 | 75% |
| Square foot | 7,146 | 3,784 | 89% |
| Lot Size | 38,333 | 43,560 | 43% |
| Price | $6.00M | $5.49M | 53% |
| Price per sq ft | $839 | $1.6K | 22% |
| Built year | 1990 | 1973 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 194 | 237 | 36% |
Pricing History
Listed for Sale
Aug 25, 2025
$5,995,000
Initial Listing
Sold
Oct 12, 2022
$5,600,000
Public Record
Sold
Apr 20, 2011
$3,315,000
Public Record