245 5th Street C, SOLVANG, CA 93463, SOLVANG, 93463 - 2 bed, 2 bath
ACTIVE$599,000$1,316/sqft
245 5th Street C, SOLVANG, CA 93463
2Beds
2Baths
1,316Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Scenic Views: Located in the heart of Solvang, this condo offers an unbeatable location with breathtaking views of the Santa Ynez Mountains.
Top Cons:
High HOA Fees: The monthly association fee of $650 is substantial and adds significantly to the overall cost of ownership, despite its comprehensive inclusions.
Compared to the nearby listings
Price:$599.0K vs avg $584.8K (+$14,250)50%
Size:1,316 sqft vs avg 1,098 sqft50%
Price/sqft:$455 vs avg $45550%
More Insights
Built in 1979 (47 years old).
Condition: The condo, built in 1979, has undergone significant and recent updates, making it move-in ready. The kitchen features modern white cabinetry, granite countertops, and stainless steel appliances that appear to be in excellent condition. Bathrooms are also updated with new vanities, countertops, modern light fixtures, and clean tile work. While the building itself is older, the interior renovations, including fresh paint, updated flooring (carpet and tile), and contemporary fixtures, suggest an extensive renovation within the last 5-15 years. There are no immediate repairs or updates required, aligning well with the 'Good' condition criteria.
Year Built
1979
Close
-
List price
$599K
Original List price
-
Price/Sqft
$455
HOA
$650
Days on market
-
Sold On
-
MLS number
25-4079
Home ConditionGood
Features
Excellent View:
Deck
Pool
Spa
Patio
View-
About this home
Welcome to this beautifully updated condo showcasing style, comfort, and an unbeatable location in the heart of Solvang. Step inside to an inviting open-concept living room featuring soaring ceilings and an abundance of natural light. The lovely kitchen offers modern updates and a seamless flow for both everyday living and entertaining.This spacious residence includes two primary bedrooms, each with its own private bath--ideal for guests or dual ownership. Laundry inside the unit, owned water softner and R/O system. Step out the back to enjoy breathtaking views of the Santa Ynez Mountains, with access to the community pool and hot tub just steps away.HOA covers landscape, building exterior, pool/hot tub maintenance, water, sewer and trash.
B
Brooke Fraser
Listing Agent
Nearby schools
8/10
Solvang Elementary School
Public,•K-8•0.5mi
7/10
Santa Ynez Valley Union High School
Public,•9-12•2.9mi
/10
Refugio High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
04/22/24
Sold
$540,000
10/11/23
Sold
$425,000
Condition Rating
Good
The condo, built in 1979, has undergone significant and recent updates, making it move-in ready. The kitchen features modern white cabinetry, granite countertops, and stainless steel appliances that appear to be in excellent condition. Bathrooms are also updated with new vanities, countertops, modern light fixtures, and clean tile work. While the building itself is older, the interior renovations, including fresh paint, updated flooring (carpet and tile), and contemporary fixtures, suggest an extensive renovation within the last 5-15 years. There are no immediate repairs or updates required, aligning well with the 'Good' condition criteria.
Pros & Cons
Pros
Prime Location & Scenic Views: Located in the heart of Solvang, this condo offers an unbeatable location with breathtaking views of the Santa Ynez Mountains.
Modern & Updated Interior: The condo features a beautifully updated, open-concept living room with soaring ceilings, abundant natural light, and a modern kitchen.
Dual Primary Suites: Includes two primary bedrooms, each with its own private bath, providing excellent flexibility for guests or dual ownership.
Comprehensive HOA Benefits: The HOA covers landscape, building exterior, pool/hot tub maintenance, water, sewer, and trash, reducing owner responsibilities and costs.
Desirable Amenities & In-Unit Conveniences: Residents enjoy access to a community pool and hot tub just steps away, along with in-unit laundry, an owned water softener, and an R/O system.
Cons
High HOA Fees: The monthly association fee of $650 is substantial and adds significantly to the overall cost of ownership, despite its comprehensive inclusions.
Rapid Price Appreciation & Sales History: The property has undergone two sales and a significant price increase within a short period (Oct 2023, April 2024, current listing), which may raise questions about its long-term value stability or indicate a quick flip.
Age of Building: Built in 1979, the building is over 40 years old, which could imply potential for future structural or system maintenance not fully covered by HOA, despite the unit's interior updates.