2551 Treasure Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - bed, bath
2551 Treasure Drive
SANTA BARBARA, CA 93105
Property Price
SUMMARY
Analysis of 2551 Treasure Drive, SANTA BARBARA, CA 93105 is currently available with a list price of $1,695,000. 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 SANTA BARBARA 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 new construction or fully renovated.
Although built in 1950, the property has undergone an extensive recent renovation that brings it to modern standards. The interior features a high-end kitchen with stainless steel appliances and shaker cabinetry, updated bathrooms with contemporary fixtures, and consistent hardwood flooring throughout. The addition of modern mini-split cooling/heating systems, updated windows, and a fully refreshed exterior with new hardscaping indicates that all major components are virtually new with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly sought-after Samarkand neighborhood, this property benefits from a quiet, prestigious residential atmosphere with close proximity to downtown Santa Barbara.
- Income Potential
Classified as a residential income property, it offers versatile opportunities for rental revenue, multi-generational living, or an owner-user setup with an ADU.
- Strong Market Demand
The property successfully sold above its listing price, indicating high buyer interest and a strong competitive position within the local real estate market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 955, other record living area = 1574.
- Limited Living Space
With only 955 square feet of interior space, the property is quite compact, which may be a constraint for families or buyers seeking spacious common areas.
- High Price Per Square Foot
The sale price of $1.7 million represents an exceptionally high cost per square foot, requiring a significant capital investment for a relatively small structure.
About 2551 Treasure Drive
Statistical purposes only.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1950
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 955 | 955 | 50% |
| Lot Size | 6,970 | 8,711.7 | 40% |
| Price | $1.70M | $1.70M | 50% |
| Price per sq ft | $1.8K | $725 | 80% |
| Built year | 1950 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 158 | 90% |
Pricing History
Listed for Sale
Jul 3, 2025
$1,695,000
Initial Listing
Sold
Sep 20, 2024
$1,500,000
Public Record