245 5th Street C, SOLVANG, CA 93463, SOLVANG, 93463 - 2 bed, 2 bath
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SOLVANG, CA 93463
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.
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.
Located in the heart of Solvang, this condo offers an unbeatable location with breathtaking views of the Santa Ynez Mountains.
The condo features a beautifully updated, open-concept living room with soaring ceilings, abundant natural light, and a modern kitchen.
Includes two primary bedrooms, each with its own private bath, providing excellent flexibility for guests or dual ownership.
The monthly association fee of $650 is substantial and adds significantly to the overall cost of ownership, despite its comprehensive inclusions.
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.
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.
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.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 9-12 • 2.9 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,316 | 1,541 | 33% |
| Lot Size | - | 1,287.1 | 33% |
| Price | $599.0K | $732.5K | 33% |
| Price per sq ft | $455 | $523 | 33% |
| Built year | 1979 | 1988 | 17% |
| HOA | $650 | $810 | 50% |
| Days on market | 167 | 180 | 50% |
Nov 6, 2025
$599,000
Initial Listing
Apr 22, 2024
$540,000
Public Record
Oct 11, 2023
$425,000
Public Record