
SANTA BARBARA, CA 93110
This Spacious Foothill Residence is a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,153,299 Fair Market Value by 7%. This valuation gap offers $158,299 in Instant Equity for incoming buyers. While the property maintains a functional Condition Rating of 4, the expansive 0.49-acre lot with dual access and ocean and mesa views provides significant long-term upside. Modernizing the retro kitchen will further drive forced appreciation in this prime Santa Barbara neighborhood. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3855 Foothill Road Subject | $1,995,000* List Price | 4 | 3 | 1,909 | $1,128 | - |
A 978 Cocopah Drive Active | $2,295,000 List Price | 3 | 2 | 1,691 | $1,357 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is well-maintained and functional but shows significant signs of its age. While the bathrooms have been partially upgraded and the home is staged for a move-in ready appearance, the kitchen remains in 'retro' condition with dated cabinetry and finishes. The presence of original parquet flooring, painted wood-paneled walls, and older exterior wood decking indicates that while the home has been cared for, it requires modernization of its primary systems and aesthetic features to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21344, living area = 1909.
Situated on nearly half an acre with rare dual entry from Foothill Road and Sterrett, providing exceptional privacy and flexibility for future development or landscaping.
The 4-bedroom layout includes a dedicated office/den and a private primary suite with its own deck, offering a functional floor plan that caters well to modern work-from-home needs.
The kitchen is in 'retro' condition, which likely requires a significant capital investment to modernize and align with the expectations of today's luxury buyers.
Built in 1961, the home may require updates to original systems or cosmetic refreshes to address the wear and tear typical of a property of this vintage.
Tucked into the Santa Barbara foothills on nearly half an acre, this inviting 4-bedroom, 3-bath home offers space, privacy, and endless possibility. With entrances from both Foothill Road and Sterrett, the property feels open, flexible, and full of opportunity. Sunlight pours into the spacious family room, which opens to a cheerful deck and patio--perfect for entertaining or simply enjoying the peaceful surroundings. A warm living room with a classic fireplace creates a welcoming retreat, while the cozy office/den with built-in bookshelves is ideal for working from home or unwinding with a good book. The dining area flows into a charming retro kitchen, ready to enjoy as-is or reimagine to your taste. Upstairs, the private primary suite offers a peaceful escape with its own deck and soft Mesa views. With upgraded baths, generous storage, and a layout that offers real versatility, this home is ready for someone who sees the potential and wants space to make it their own--all just minutes from shopping, parks, and schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,909 | 2,458 | 44% |
| Lot Size | 21,344 | 12,632 | 56% |
| Price | $2.00M | $2.05M | 49% |
| Price per sq ft | $1.0K | $1.0K | 50% |
| Built year | 1961 | 1967 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 180 | 2% |
Apr 15, 2026
$1,995,000
Initial Listing