245 5th Street C, SOLVANG, CA 93463, SOLVANG, 93463 - 2 bed, 2 bath
245 5th Street C
SOLVANG, CA 93463
Property Price
SUMMARY
Analysis of 245 5th Street C, SOLVANG, CA 93463 is currently available with a list price of $599,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the SOLVANG Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 245 5th Street C
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650 / Month
Neighborhood Insights
SOLVANG Unified Schools
Solvang Elementary School
Grades K-8 • 0.5 mi
Santa Ynez Valley Union High School
Grades 9-12 • 2.9 mi
Refugio High School
Grades 9-12 • 2.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,316 | 1,449 | 42% |
| Lot Size | - | 871.2 | 42% |
| Price | $599.0K | $620.0K | 42% |
| Price per sq ft | $455 | $452 | 50% |
| Built year | 1979 | 1980 | 50% |
| HOA | $650 | $550 | 58% |
| Days on market | 121 | 208 | 25% |
Pricing History
Listed for Sale
Nov 6, 2025
$599,000
Initial Listing
Sold
Apr 22, 2024
$540,000
Public Record
Sold
Oct 11, 2023
$425,000
Public Record