246 3rd St, Solvang, CA 93463, Solvang, 93463 - 3 bed, 2 bath
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246 3rd St
Solvang, CA 93463
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
3Beds
2Baths
1,590Sq Ft
0Lot Size
Property Price
LIST PRICE$1,125,000
EST. MARKET VALUE
$1,086,652
3% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $1,125,000. While currently priced slightly above the $1,086,652 Fair Market Value, the property offers exceptional stability and long-term value. Featuring a 3-year-old remodel, owned solar, and an Excellent Condition Rating, this home provides a seamless, maintenance-free lifestyle. Its prime location near Solvang’s amenities and large lot size ensure lasting appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sophisticated, move-in-ready sanctuary in the Santa Ynez Valley.
Estimated Market Value
$1,086,652
Based on Realkey algorithm analyzing recent comparable sales in Solvang.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 3rd St Subject 3 bd · 2 ba · 1,590 sqft · $683 | $1,125,000* List Price | 3 | 2 | 1,590 | $683 | - |
A 584 5th Sold 4 bd · 2 ba · 1,608 sqft · $607 · 0.5 mi | $975,493 | 4 | 2 | 1,608 | $607 | 0.5 mi |
B 591 Oak Ridge Road Sold 4 bd · 3 ba · 1,928 sqft · $747 · 0.8 mi | $1,440,000 | 4 | 3 | 1,928 | $747 | 0.8 mi |
C 246 3rd Street Active 3 bd · 2 ba · 1,590 sqft · $748 · 0.0 mi | $1,190,000 List Price | 3 | 2 | 1,590 | $748 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The home was beautifully remodeled just three years ago, falling well within the <5-year renovation window for Excellent condition. The kitchen and bathrooms feature modern, high-end finishes like quartz countertops and updated fixtures. Key systems are also updated, including a newer HVAC system, water heater, and owned solar panels, making the property completely turnkey and mint condition.
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 = 8712, living area = 1590.
- Turnkey Modernization
Extensively remodeled just three years ago, the home features a contemporary kitchen with quartz countertops and fully updated bathrooms, offering a move-in-ready experience.
- Energy Efficiency & Infrastructure
The property includes high-value upgrades such as owned solar panels, a newer HVAC system, and a newer water heater, ensuring lower utility costs and reduced immediate maintenance.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 177 days on the market, the property has faced a prolonged listing period, which can often lead to buyer perception issues regarding pricing or desirability.
- Vintage Structural Era
Built in 1974, the home may still possess some architectural or layout limitations inherent to its original era that cosmetic renovations cannot fully resolve.
About 246 3rd St
Tucked along a quiet street just moments from the heart of Solvang, this beautifully remodeled 3-bedroom, 2-bath home offers approximately 1,590+/- sq. ft. of light-filled living in a setting that feels both peaceful and connected. Set slightly off the beaten path, the location offers a sense of privacy while still being close to the town's charming shops, dining, and wine country attractions.Remodeled three years ago, the home features a thoughtfully designed kitchen with quartz countertops and updated appliances, blending style and functionality for everyday living and easy entertaining.Comfort and efficiency are already in place with a newer HVAC system, water heater, and owned solar. Both bathrooms have been fully updated with modern finishes, complementing the home's clean, cohesive feel.With its inviting character, easy livability, and ideal location near the best of Solvang, this turnkey property is perfectly suited for full-time living, a weekend retreat, or an investment in the heart of the Santa Ynez Valley.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,590 | 2,497.125 |
| Lot Size | - | 51,400.875 |
| Price | $1.12M | $1.96M |
| Price per sq ft | $708 | $756 |
| Built year | 1974 | 1990 |
| HOA | $0 | $325 |
| Days on market | 204 | 70 |
Pricing History
Listed for Sale
Apr 3, 2026
$1,125,000
Initial Listing
Sold
Aug 7, 2023
$1,095,000
Public Record
Sold
Oct 6, 2021
$770,000
Public Record