4535 Carriage Hill Drive, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 3 bed, 3 bath
4535 Carriage Hill Drive
SANTA BARBARA, CA 93110
Property Price
SUMMARY
Analysis of 4535 Carriage Hill Drive, SANTA BARBARA, CA 93110 reveals a Prime Investment Opportunity with a current list price of $2,400,000—significantly undercutting the $2,502,017 Fair Market Value by 4%. This valuation gap indicates a +$102,017 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the SANTA BARBARA 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 |
|---|---|---|---|---|---|---|
★ 4535 Carriage Hill Drive Subject | $2,400,000* List Price | 3 | 3 | 2,334 | $1,072 | - |
A 834 Via Covello Sold | $1,825,000 | 4 | 3 | 2,056 | $888 | 0.9 mi |
B 949 Via Esparto Sold | $1,950,000 | 4 | 2 | 1,540 | $1,266 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1964, the property has undergone an extensive high-end renovation, presenting in impeccable turnkey condition. It features a gourmet kitchen with stone countertops and premium appliances, vaulted ceilings, custom lighting, and designer furnishings throughout, meeting the highest quality standards with no apparent deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Designer Furnishings
The sale includes all high-end designer furnishings, appliances, and accessories, providing a rare and seamless move-in-ready experience for luxury buyers.
- Premium Outdoor Living
The property features a private rear yard oasis with mature trees, curated plantings, and an outdoor fireplace, perfect for high-end entertaining and relaxation.
- Flexible and Airy Layout
The floor plan offers vaulted ceilings and a ground-floor bedroom with a full bath, providing excellent versatility for a home office or multi-generational living.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3137, living area = 2334.
- High Association Fees
The association fee of $1,020 is substantial and represents a significant recurring monthly expense that may impact some buyers' budgets or financing.
- Vintage Infrastructure
Built in 1964, the home may possess older underlying plumbing or electrical systems that could require more maintenance compared to modern new-build standards.
About 4535 Carriage Hill Drive
This impeccable, spacious and light-filled home - in a highly-desirable tucked away Santa Barbara community - is a private and quiet retreat, yet only minutes to shopping, restaurants and the beach. The rear yard oasis, with mature trees, curated plantings, custom lighting and an outdoor fireplace is perfect for entertaining or a quiet zone for relaxing, surrounded by nature. Vaulted ceilings create a bright, airy ambiance in the great room - complete with an open dining area, a striking cristal chandelier and a statement fireplace. The beautiful gourmet kitchen showcases stone countertops, custom tile, custom lighting and high-end appliances. The flexible floor plan includes a ground floor bedroom and full bathroom - ideal for a secondary primary suite or home office. Upstairs you'll find two spacious bedrooms and two bathrooms, including a serene primary suite with a dedicated vanity area and skylight. Abundant storage provided throughout the home, including in the oversized garage. Set in a tranquil, private country setting with a lush rural feel and birdsong, the home offers a quiet lifestyle while only minutes from town. Other features include custom window shutters, mountain views and community pool and fitness center. The sale includes all luxurious high-end designer furnishings, appliances, and accessories.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1020 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,334 | 1,996 | 59% |
| Lot Size | - | 7,405 | 18% |
| Price | $2.40M | $1.82M | 69% |
| Price per sq ft | $1.0K | $951 | 69% |
| Built year | 1964 | 1971 | 38% |
| HOA | $1020 | $0 | 85% |
| Days on market | 8 | 192 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$2,400,000
Initial Listing
Sold
Mar 23, 2018
$1,041,500
Public Record
Sold
Dec 19, 2002
$666,500
Public Record