320 N Fairview Avenue 5, GOLETA, CA 93117, GOLETA, 93117 - 2 bed, 2 bath
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GOLETA, CA 93117
This Condominium represents a Strong Value Opportunity, listed at $659,000—positioned well below the $717,442 Fair Market Value by 8%. This valuation gap offers $58,442 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the unit offers an open-concept layout and three private patios with mountain views. While the property requires cosmetic modernization, its upper-level privacy and desirable location make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add 55+ residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 N Fairview Avenue 5 Subject | $659,000* List Price | 2 | 2 | 1,221 | $588 | - |
A 267 Moreton Bay Lane 2 Sold | $830,000 | 2 | 2 | 1,224 | $678 | 0.2 mi |
B 257 Moreton Bay Drive Unit 4 Active | $792,000 List Price | 2 | 2 | 1,208 | $656 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, the property shows signs of mid-life renovations that are now dated. The kitchen features 1990s-style oak cabinetry and older white appliances, while the bathroom has a functional but aging vanity and countertop. While the unit is well-maintained and move-in ready, it falls into the 'Fair' category as it is over 20 years since a major modern update and requires cosmetic modernization.
The residence boasts three private patios—one off the primary suite and two off the living area—providing exceptional indoor-outdoor flow and rare private outdoor space for a condominium.
The interior features a desirable open floor plan with seamless transitions between the kitchen, dining, and living areas, maximizing the 1,221 square feet for a spacious and airy feel.
Positioned on the top floor, the unit benefits from enhanced natural light and increased privacy, avoiding the noise associated with overhead neighbors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1307, other record lot size in square feet = 1117.
Being an upper-level unit in a 55+ community, the requirement to navigate stairs may be a significant drawback for buyers with mobility issues, despite the option to install a chair lift.
The $850 monthly association fee is relatively high, which may impact the overall affordability and appeal for retirees on a fixed income.
Light-filled residence in the sought-after Encina Royale community featuring a desirable open-concept layout with spacious living and dining areas, a dedicated TV/lounge space, and seamless flow to the kitchen - ideal for everyday comfort and entertaining. The home offers a primary suite and full guest bedroom, along with three private patios - one off the primary and two off the living area - bringing in natural light and extending indoor-outdoor living. Located on the upper level for enhanced light and privacy; a chair lift may be installed along the stairway for long-term ease if desired. Additional features include in-unit laundry and a peaceful setting within the community. Encina Royale is a 55+ community (one occupant must be 55+; additional occupants subject to community rules
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,221 | - |
| Lot Size | 1,307 | - |
| Price | $659.0K | $895.8K |
| Price per sq ft | $540 | $708 |
| Built year | 1966 | 0 |
| HOA | $850 | $0 |
| Days on market | 77 | 98 |
May 6, 2026
$659,000
Initial Listing
Jan 2, 2025
$638,500
Public Record
Jul 1, 2016
$489,000
Public Record
Apr 24, 2014
$393,000
Public Record