246 3rd Street, Solvang, CA 93463, Solvang, 93463 - 3 bed, 2 bath
246 3rd Street
Solvang, CA 93463
Property Price
SUMMARY
Analysis of 246 3rd Street, Solvang, CA 93463 reveals a property with a current list price of $1,190,000, which is 4% above the estimated $1,137,581 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 246 3rd Street Subject | $1,190,000* List Price | 3 | 2 | 1,590 | $715 | - |
A 67 Pepperwood Way Sold | $1,155,000 | 3 | 2 | 1,669 | $692 | 0.3 mi |
B 1570 Mountain View Drive Active | $1,450,000 List Price | 3 | 3 | 1,878 | $772 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property has been extensively renovated just two years ago, bringing all major components to a virtually new condition. The kitchen features stylish quartz countertops, updated black stainless steel appliances, and modern cabinetry. Both bathrooms have been tastefully updated with contemporary fixtures, vanities, and tiling. New luxury vinyl plank flooring flows throughout, and the home benefits from a new HVAC system, new water heater, and owned solar, indicating no deferred maintenance and meeting current quality standards.
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.
- Extensive Recent Renovation
Renovated just two years ago, the home features a stylish kitchen with quartz countertops, updated appliances, luxury vinyl plank flooring, tastefully updated bathrooms, and fresh interior/exterior paint, offering a modern, turnkey living experience.
- Energy-Efficient Upgrades
Equipped with a new HVAC system, new water heater, and owned solar panels, significantly reducing utility costs and enhancing year-round comfort.
CONSRISKS & DEFICIENCIES
- Age of Original Construction
Despite recent renovations, the home's original build year of 1974 means some underlying structural components are older, which may lead to unforeseen maintenance needs in the long term.
- Modest Interior Square Footage
At 1,590 sq. ft., the living space is comfortable for a 3-bedroom home but may be considered modest for buyers seeking more expansive rooms or additional flexible living areas.
- Limited Outdoor Feature Details
The property description focuses heavily on interior upgrades, with no specific mention of significant outdoor living spaces, landscaping, or yard amenities, which might be a consideration for buyers prioritizing exterior features.
About 246 3rd Street
Just minutes from the heart of Solvang, this beautifully remodeled 3-bedroom, 2-bath home offers 1,590+/- sq. ft. of light-filled living and thoughtful upgrades throughout. Renovated just two years ago, the home features a stylish kitchen with quartz countertops, updated appliances, and luxury vinyl plank flooring that flows throughout the main living areas. Enjoy year-round comfort with a new HVAC system, new water heater, and the efficiency of owned solar. Both bathrooms have been tastefully updated, and fresh interior and exterior paint give the home a crisp, modern feel. With clean lines, low-maintenance finishes, and a fantastic location close to wineries, shopping, and dining, this turnkey property is ideal as a full-time residence, weekend retreat, or investment opportunity in the Santa Ynez Valley.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 8,712 Sq. Ft.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,590 | 2,267 | 12% |
| Lot Size | 8,712 | 16,335.1 | 29% |
| Price | $1.19M | $1.27M | 48% |
| Price per sq ft | $748 | $635 | 76% |
| Built year | 1974 | 1977 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 290 | 234 | 62% |
Pricing History
Listed for Sale
May 21, 2025
$1,190,000
Initial Listing
Sold
Aug 7, 2023
$1,095,000
Public Record
Sold
Oct 6, 2021
$770,000
Public Record