317 5th Unit C, SOLVANG, CA 93463, SOLVANG, 93463 - 1 bed, 2 bath
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SOLVANG, CA 93463
This single-level Solvang condominium is a Prime Investment Opportunity listed at $549,000—positioned well below the $563,241 Fair Market Value by 2%. This valuation gap offers $14,241 in Instant Equity for buyers. Featuring a Condition Rating of 3, the home includes a rare fenced backyard and forested greenbelt view just steps from downtown. Its proximity to the wine trail and updated kitchen finishes provide significant lifestyle appeal and rental demand. This is an ideal acquisition for Owner-Occupants or vacation home seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 317 5th Unit C Subject | $535,000* List Price | 1 | 2 | 830 | $645 | - |
A 417 Ash Lane Sold | $590,000 | 2 | 1 | 933 | $632 | 0.1 mi |
B 1498 Aarhus Drive C Active | $599,000 List Price | 1 | 1 | 820 | $730 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, showing clear signs of partial updates. While the 1988 construction is evident in the original oak cabinetry and tiled countertops in the primary bathroom, the home features several modern upgrades including high-quality wood-look laminate flooring, updated stone countertops in the kitchen, and a fully renovated secondary bathroom with contemporary fixtures. The interior paint, hardware, and appliances appear to be in good condition, meeting the criteria for a well-kept home within its age bracket.
Ideally situated within walking distance to downtown Solvang's renowned bakeries and wine tasting rooms, offering a vibrant lifestyle while remaining secluded from the primary tourist noise.
This downstairs corner unit provides excellent accessibility with an all-one-level floor plan and a versatile den featuring French doors and built-in shelving.
The property includes a rare fenced backyard for exclusive use that borders a tranquil greenbelt, offering a private outdoor retreat seldom found in condominium living.
The association fee of $638 per month is relatively high for a one-bedroom unit, which may impact the overall affordability and investment yield for some buyers.
At 830 square feet with only one primary bedroom, the compact living space may be a constraint for those requiring more storage or room for a growing household.
Move-in ready & LIVES LIKE A 2 BED, 2 FULL BATHS! A ground level, corner home bordered by an exclusive use greenbelt; a pet's perfect yard! This is a cozy, convenient place to come home to everyday, or as your second home to vacation in the renowned Santa Ynez Valley. Enjoy courtyard views, granite counters & a pantry, plus a pass-thru to the living room with beckoning fireplace. EZ-care luxury vinyl plank floors recently installed thru-out. The inviting den/office boasts dual French doors w/privacy panes & built-in shelves for a comfy spot to relax between office work, or after wine tasting with friends. Good income potential with proven past & projected monthly rents. Just blocks to Downtown Solvang's quaint Danish architecture, central park, popular restaurants & tempting bakeries!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 830 | - |
| Lot Size | 871 | - |
| Price | $535.0K | $839.9K |
| Price per sq ft | $645 | $438 |
| Built year | 1988 | 0 |
| HOA | $638 | $0 |
| Days on market | 97 | 37 |
May 19, 2026
$535,000
$549,000
-3% Price Drop
Initial Listing
Apr 16, 2026
$549,000
Initial Listing
Jul 13, 2022
$520,000
Public Record
Jun 30, 2020
$360,000
Public Record
Nov 2, 2015
$309,000
Public Record