3540 Cedar, Santa Ynez, CA 93460, Santa Ynez, 93460 - 2 bed, 1 bath
Loading property details...
Santa Ynez, CA 93460
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned slightly above the $790,297 Fair Market Value. While the home has a Condition Rating of 4, the nearly quarter-acre lot and proximity to downtown Santa Ynez offer significant upside for forced appreciation. The 1930s historic character and mountain views provide a solid foundation for modernization. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through renovation in a premier wine-country location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3540 Cedar Subject | $795,000* List Price | 2 | 1 | 984 | $803 | - |
A 3381 Pine Sold | $960,000 | 3 | 2 | 1,360 | $706 | 0.2 mi |
B 3628 Pine Street Sold | $975,000 | 3 | 2 | 1,120 | $871 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935, this property is significantly aged (>20 years). While it features refinished original hardwood floors and appears well-maintained, the 'lots of potential' description and lack of mentioned updates to the kitchen, baths, or core systems (HVAC/Electric) indicate it is dated and requires modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 984.
Situated just three blocks from historic downtown Santa Ynez, the property offers exceptional walkability to premium dining, retail, and local attractions in a premier wine-country destination.
The nearly quarter-acre lot (10,454 sqft) provides significant space for outdoor entertaining, gardening, or potential property expansion, which is a rare find at this entry-level price point.
With under 1,000 square feet and only one bathroom, the home's small footprint and layout may be restrictive for families or those seeking modern spaciousness.
Built in 1935, the property likely requires significant updates to its aging systems and structural components to meet contemporary efficiency and building standards.
Discover this rare entry price-point opportunity, just 3 blocks to the heart of historic downtown Santa Ynez, restaurants and retail. Whether seeking to achieve home ownership in a great area at an attainable price, or if looking for a charming wine-country getaway close to attractions and amenities, this cuddly cottage with lots of potential may be the ticket. Features include refinished original oak hardwood floors, a family room at the back of the home which could also serve as a 3rd bedroom, a 2-car detached garage, and a fully-usable nearly quarter-acre of lot size to use for play, relaxation or entertaining. Built in the 1930's and owned by the same family for
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 984 | - |
| Lot Size | 10,454 | - |
| Price | $795.0K | $2.10M |
| Price per sq ft | $808 | $695 |
| Built year | 1935 | 0 |
| HOA | $0 | $0 |
| Days on market | 18 | 150 |
Jul 4, 2026
$795,000
Initial Listing