400 ASEGRA Road, Summerland, CA 93067, Summerland, 93067 - 2 bed, 2 bath
ACTIVE$9,200,000$1,082/sqft
400 ASEGRA Road, Summerland, CA 93067
2Beds
2Baths
1,082Sqft
824,155Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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 = 824155, living area = 1082.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1082, other record living area = 4040. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Compared to the nearby listings
Price:$9.20M vs avg $2.52M (+$6,681,386.5)83%
Size:1,082 sqft vs avg 1,308.5 sqft50%
Price/sqft:$8.5K vs avg $1.6K83%
More Insights
Built in 1999 (27 years old).
Condition: The property was built in 1999, making the existing 1082 sqft home 25 years old. While described as having a 'San Ysidro Ranch style,' the listing emphasizes the expansive land, views, and location as the primary value drivers, referring to the residence as 'modest.' Without interior images, a detailed assessment of kitchen, bathrooms, and finishes is impossible. However, given its age and the focus on land value over the structure, the home is likely functional but may feature outdated components and show signs of its age, consistent with a 'Fair' condition requiring minor updates to meet modern luxury standards.
Year Built
1999
Close
-
List price
$9.2M
Original List price
-
Price/Sqft
$8,503
HOA
$0
Days on market
-
Sold On
-
MLS number
19499432
Home ConditionFair
Features
Excellent View:
Patio
View-
About this home
Beautiful 18.9 ± acres at the top of Summerland. Summerland, a very quaint seaside town at the eastern side of Montecito. In the past, this property was utilized as a practice polo field with some residential structures along with some horse facilities. On site now is a 2 bedroom/2 bath home designed in the style of the San Ysidro Ranch with free standing 2 car garage. The home and its patio enjoy beautiful, white water ocean views and a sense of complete privacy. It is surrounded by large properties which are comprised of estate homes built within extensive avocado ranches. Access trails which are part of the Montecito Trails network.
S
Sandy Stahl
Listing Agent
Price History
Date
Event
Price
12/27/19
Sold
$7,000,000
06/10/16
Sold
$5,000,000
Condition Rating
Fair
The property was built in 1999, making the existing 1082 sqft home 25 years old. While described as having a 'San Ysidro Ranch style,' the listing emphasizes the expansive land, views, and location as the primary value drivers, referring to the residence as 'modest.' Without interior images, a detailed assessment of kitchen, bathrooms, and finishes is impossible. However, given its age and the focus on land value over the structure, the home is likely functional but may feature outdated components and show signs of its age, consistent with a 'Fair' condition requiring minor updates to meet modern luxury standards.
Pros & Cons
Pros
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 = 824155, living area = 1082.
Expansive Land & Development Opportunity: Sprawling 18.9 ± acres, offering significant potential for a custom estate, equestrian facilities, or other large-scale development in a prestigious area.
Premier Location & Exclusivity: Situated at the top of Summerland, a desirable seaside town adjacent to Montecito, within an exclusive enclave of large estate properties.
Stunning Ocean Views & Seclusion: Enjoys beautiful white water ocean views and unparalleled privacy from the existing residence and patio.
Distinctive Architectural Style: The current 2-bedroom home is designed in the charming style of the San Ysidro Ranch, adding character and appeal.
Direct Trail Access: Benefits from direct access to the renowned Montecito Trails network, ideal for outdoor and equestrian enthusiasts.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1082, other record living area = 4040. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Modest Existing Residence: The current 1082 sqft, 2-bedroom home is relatively small for a property of this acreage and price point, suggesting the primary value is in the land.
Premium Price for Land Value: The $9.2 million list price is substantial, primarily reflecting the land's development potential and prime location rather than the existing structure.
Prolonged Market Presence: The property has been on the market since June 2019, indicating a potentially challenging price point or a very specific buyer profile.