49 Cedar Lane, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 3 bed, 2 bath
49 Cedar Lane
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 49 Cedar Lane, SANTA BARBARA, CA 93108 reveals a property with a current list price of $3,500,000, which is 7% above the estimated $3,258,339 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 |
|---|---|---|---|---|---|---|
★ 49 Cedar Lane Subject | $3,500,000* List Price | 3 | 2 | 1,956 | $1,666 | - |
A 919 Aleeda Lane Sold | $3,494,500 | 3 | 2 | 2,090 | $1,672 | 1.0 mi |
B 1981 Eucalyptus Hill Road Sold | $2,550,000 | 3 | 2 | 1,652 | $1,544 | 0.4 mi |
C 919 Aleeda Lane Sold | $3,494,500 | 3 | 2 | 2,090 | $1,672 | 1.0 mi |
D 713 Alston Road Pending | $3,295,000 List Price | 3 | 2 | 1,643 | $2,005 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1949, the property has undergone an extensive high-end renovation within the last 5 years. The interior features modern luxury finishes including wide plank oak flooring, professional-grade kitchen appliances, a wine refrigerator, and a large center island. The primary suite offers a spa-like en-suite bath with refined finishes, and the addition of a spacious veranda with a full outdoor kitchen indicates that all components meet or exceed current quality standards with no deferred maintenance.
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 = 14374, living area = 1956.
- Prime Montecito Location
Situated in the highly coveted 93108 zip code on a quiet, low-traffic street, this property offers the prestige and community feel of one of Santa Barbara's most desirable neighborhoods.
- Exceptional Outdoor Living
The home features an extra-large, usable yard and a spacious veranda with a built-in outdoor kitchen, providing a seamless indoor-outdoor flow ideal for the California lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1956, other record living area = 1874.
- Limited Bed and Bath Count
At a $3.65M price point, the 3-bedroom, 2-bathroom configuration may be considered modest for families or buyers seeking additional guest rooms or home office space.
- Vintage Infrastructure
Originally built in 1949, the property may require ongoing maintenance or updates to legacy systems that are common with homes of this era, despite the high-quality cosmetic renovations.
About 49 Cedar Lane
Set within an amazing 93108 neighborhood, this inviting 3-bedroom, 2-bath home offers outstanding natural light, a smooth indoor-outdoor flow, and an extra-large, usable yard that expands the way you live. The bright, open feel of the interior makes every room warm and welcoming, while the surrounding outdoor space provides endless possibilities for lounging, entertaining, or creating your own retreat. Located on a quiet street with minimal traffic and a strong sense of community, the home strikes the perfect balance between privacy and convenience... ...Inside, the open layout connects the living, dining, and kitchen spaces with ease. The kitchen features stylish counter tops, professional-grade appliances, a wine refrigerator, and a large island, while wide plank oak floors add warmth throughout. The primary suite is a true retreat, highlighted by a luxurious en-suite bath with refined finishes and spa-like comfort. A spacious veranda with an outdoor kitchen extends the living space, creating an ideal setting for relaxed California living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 14,374.8 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 5.0 | 14% |
| Square foot | 1,956 | 3,681 | 23% |
| Lot Size | 14,374.8 | 43,560 | 18% |
| Price | $3.50M | $5.33M | 32% |
| Price per sq ft | $1.8K | $1.6K | 62% |
| Built year | 1949 | 1973 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 237 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$3,500,000
$3,650,000
-4% Price Drop
Initial Listing
Price Change
Jan 19, 2026
$3,650,000
Initial Listing
Sold
Feb 21, 2025
$3,250,000
Public Record
Sold
Aug 19, 2021
$2,575,000
Public Record
Sold
Mar 1, 2016
$1,150,000
Public Record