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
712Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Solvang Location: The condo boasts an unbeatable location in the heart of Solvang, offering convenience and desirability.
Top Cons:
High Monthly HOA Dues: The association fee of $650 per month is substantial and adds significantly to the overall monthly housing cost.
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: While built in 1979, this condo has undergone extensive and modern updates, making it move-in ready. The kitchen features contemporary white shaker cabinets, granite countertops, and stainless steel appliances that appear to be in excellent condition. Both bathrooms have been tastefully renovated with modern vanities, updated countertops, and current light and plumbing fixtures. The flooring, a mix of tile and clean carpet, is well-maintained. The overall aesthetic is fresh and appealing, indicating a significant renovation within the last 5-15 years, aligning 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
SC25254591
Home ConditionGood
Features
Good View: the property has mountain view
Deck
Viewthe property has mountain view
About this home
Updated Condo with Stunning Santa Ynez Mountain Views! 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 bills.
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
While built in 1979, this condo has undergone extensive and modern updates, making it move-in ready. The kitchen features contemporary white shaker cabinets, granite countertops, and stainless steel appliances that appear to be in excellent condition. Both bathrooms have been tastefully renovated with modern vanities, updated countertops, and current light and plumbing fixtures. The flooring, a mix of tile and clean carpet, is well-maintained. The overall aesthetic is fresh and appealing, indicating a significant renovation within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Prime Solvang Location: The condo boasts an unbeatable location in the heart of Solvang, offering convenience and desirability.
Panoramic Mountain Views: Enjoy stunning, breathtaking views of the Santa Ynez Mountains directly from the property.
Modern & Updated Interior: The condo features a beautifully updated interior, including a modern kitchen, open-concept living room with soaring ceilings, and abundant natural light.
Dual Primary Suites & Conveniences: Includes two primary bedrooms, each with its own private bath, ideal for guests or dual ownership, along with in-unit laundry, an owned water softener, and an R/O system.
Comprehensive HOA Benefits & Amenities: The HOA covers landscape, building exterior, pool/hot tub maintenance, water, sewer, and trash bills, with direct access to a community pool and hot tub.
Cons
High Monthly HOA Dues: The association fee of $650 per month is substantial and adds significantly to the overall monthly housing cost.
Significant Recent Price Appreciation: The property has seen a rapid increase in sales price within a short timeframe (from $425k in Oct 2023 to $599k currently), which may raise questions about current market value and future appreciation potential.
Building Age & Potential for Future Assessments: While the unit is updated, the building was constructed in 1979. Despite HOA covering exterior, older infrastructure could lead to unforeseen special assessments or maintenance challenges not covered by regular dues.