3756 FOOTHILL, PRIVATE LANE Road, Santa Barbara, CA 93105, Santa Barbara, 93105 - 7 bed, 8 bath
3756 FOOTHILL
PRIVATE LANE Road, Santa Barbara, CA 93105
Property Price
SUMMARY
Analysis of 3756 FOOTHILL, PRIVATE LANE Road, Santa Barbara, CA 93105 reveals a Fairly Priced Property with a current list price of $7,950,000 aligned with the estimated $7,950,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the PRIVATE LANE Road 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 |
|---|---|---|---|---|---|---|
★ 3756 FOOTHILL Subject | $7,950,000* List Price | 7 | 8 | 11,500 | $691 | - |
A 3756 Foothill (Private Lane) Road Active | $7,950,000 List Price | 7 | 8 | 11,500 | $691 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This magnificent 1992-built estate is exceptionally well-maintained with stunning grounds and high-end amenities like a cinematic movie theatre, multiple pools, and solar panels. However, despite its grandeur, the interior finishes, particularly in the kitchen and bathrooms, show signs of being outdated. The kitchen features tile countertops, and the bathrooms have tile styles characteristic of the 1990s. While functional and clean, these elements would require aesthetic updates to meet current luxury standards expected by today's buyers, aligning with the 'Fair' category's description of a home aged over 20 years with functional but outdated major components and a need for minor updates.
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 = 587624, living area = 11500.
- Unrivaled Views & Prime Location
Spectacular Ocean, Coastline & Mountain Views from a private lane in a highly sought-after Santa Barbara location, offering both seclusion and proximity to town amenities.
- Grand Scale & Versatile Living
An expansive 11,500+ SF Mediterranean estate on nearly 14 acres, designed for dual living, extended family, and staff, with ample space for equestrian pursuits or future development.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
- Significant Ongoing Maintenance & Operational Costs
The sheer size and luxury features of this 11,500+ SF estate on 14 acres will necessitate substantial ongoing maintenance, staffing, and utility expenses, which could be a considerable financial commitment.
- Limited Buyer Pool
The ultra-luxury price point of $7.95 million, combined with the property's extensive scale and specific features, targets a very exclusive and limited segment of the market.
About 3756 FOOTHILL
SPECTACULAR OCEAN VIEW SANTA BARBARA COMPOUND IN SOUGHT-AFTER LOCATION ON PRIVATE LANE, Ideal for you and it's wonderful for dual living - Spacious for your extended family, entertaining, and staff. Peaceful and Secluded, yet within Minutes to Town. Spectacular Coastline, Ocean & Mountain Views featuring mostly Single Level Living with breathtaking Ocean & Mountain Views. Villa Verano, is a Magnificent Mediterranean Estate with 11,500+ SF full of natural light and in an extremely beautiful setting with stunning landscaping on nearly 14 acres, with a well thought-out floor plan and landscaping for your ease and comfort, including drought tolerant plants and easier-care maintenance. Enjoy Romantic European gardens, splendor of 2 Wells & expansive entertaining areas. Plenty of level acreage for Horses & Animals, and Additional building site. Tranquil water features & lush greenery integrate seamlessly into the Villa bringing nature & peacefulness to your soul. Seven large ensuite bedrooms where you could stay forever, each with French doors guide you to beauty & nature. Primary Suite has Ocean Views, to retreat & rejuvenate with high ceilings, fireplace, French Doors leading to breathtaking views from large terrace, exercise room and private outdoor spa. Remarkable Living Room w/soaring beamed ceilings, Gourmet Kitchen, dazzling Pool, luxury Spa & entertaining areas w/ocean views to horizon. The Compound has: 2bd/2ba Pool House/Guest House, Penthouse Guest Apt, Solar, Avocado Orchards. Plus, 3000+ SF level with cinematic movie theatre, great for presentations and film screenings, editing bay, yoga or music room, and a very large guest bedroom with ensuite bath, and a separate entrance and kitchenette. Perfect for visiting speakers, a chef, party helper, an assistant, or caregivers. Minutes to restaurants, Beaches, theatres, shopping, wine tasting and more. Find your lifetime dream, tranquility, acreage & independence in your own Santa Barbara paradise.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1992
- Lot Size
- 587,624 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 8 (8 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 | 7.0 | 3.0 | 99% |
| Baths | 8.0 | 3.0 | 99% |
| Square foot | 11,500 | 1,967 | 99% |
| Lot Size | 587,624 | 10,018.8 | 98% |
| Price | $7.95M | $2.19M | 99% |
| Price per sq ft | $691 | $1.1K | 21% |
| Built year | 1992 | 1960 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 553 | 193 | 83% |
Pricing History
Listed for Sale
Aug 31, 2024
$7,950,000
Initial Listing