400 ASEGRA Road, Summerland, CA 93067, Summerland, 93067 - 2 bed, 2 bath
400 ASEGRA Road
Summerland, CA 93067
Property Price
SUMMARY
Analysis of 400 ASEGRA Road, Summerland, CA 93067 is currently available with a list price of $9,200,000. 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 Summerland 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
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 However, given its age and the focus on land value over the structure, the home is likely functional but may feature outdated components and show signs of its age, consistent with a 'Fair' condition requiring minor updates to meet modern luxury standards.
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 = 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.
CONSRISKS & DEFICIENCIES
- 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.
About 400 ASEGRA Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 824,155 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.0 | 30% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,082 | 1,176 | 30% |
| Lot Size | 824,155 | 3,702 | 90% |
| Price | $9.20M | $2.36M | 90% |
| Price per sq ft | $8.5K | $1.7K | 90% |
| Built year | 1999 | 1928 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 2452 | 320 | 0% |
Pricing History
Sold
Dec 27, 2019
$7,000,000
Public Record
Listed for Sale
Jun 20, 2019
$9,200,000
Initial Listing
Sold
Jun 10, 2016
$5,000,000
Public Record