5114 Walnut Park Drive, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 5 bed, 4 bath
ACTIVE$2,195,000/sqft
5114 Walnut Park Drive, SANTA BARBARA, CA 93111
5Beds
4Baths
Sqft
11,761Lot
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 = 11761, living area = 2394.
Top Cons:
Original Condition & Age: Built in 1970 and held by the same owner for over 50 years, the property is likely in its original condition, requiring substantial updates to meet modern aesthetic and functional standards.
Compared to the nearby listings
Price:$2.19M vs avg $1.80M (+$390,000)67%
Size: sqft vs avg 1,807.5 sqft25%
Price/sqft:$0 vs avg $78636%
More Insights
Built in 1970 (56 years old).
Condition: Built in 1970 and on the market for the first time in over 50 years, the property is largely in its original condition. While some cosmetic updates like fresh paint, newer LVP flooring, and carpet have been done, the kitchen and bathrooms are significantly outdated. The kitchen features dated dark wood cabinets, older white appliances, and a fluorescent box light fixture. Bathrooms have original-style vanities, cultured marble/laminate countertops, and 1970s white tile surrounds. The listing's own analysis notes 'Original Condition & Age' and 'Potential for Significant Renovation Costs' for systems, kitchen, and bathrooms, indicating a need for substantial rehabilitation to meet modern standards.
Year Built
1970
Close
-
List price
$2.19M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-2620
Home ConditionPoor
Features
Good View:
Deck
Patio
View-
About this home
Classic Santa Barbara 5 Home First time in the market in over 50 years. Conveniently located on a cul-de-sac, this 5 bedroom 3 1/2 bath home is the perfect place for family and friends & your own piece of heaven. When entering you will be greeted by vaulted beam ceilings, large windows, living room & dining room. Across you will find the spacious kitchen & family room with sliding doors to the large backyard. Downstairs features a primary suite with attach bathroom and walk-in closet. Off the living room there is a powder room. On the second floor, you will find 4 generous bedrooms and 2 full baths. One bedroom with a large deck off of it. There is a 3-car garage attached to the home for all the projects and hobbies. This property is located in the Foothill School area. A rare find!
S
Steve Heller
Listing Agent
Condition Rating
Poor
Built in 1970 and on the market for the first time in over 50 years, the property is largely in its original condition. While some cosmetic updates like fresh paint, newer LVP flooring, and carpet have been done, the kitchen and bathrooms are significantly outdated. The kitchen features dated dark wood cabinets, older white appliances, and a fluorescent box light fixture. Bathrooms have original-style vanities, cultured marble/laminate countertops, and 1970s white tile surrounds. The listing's own analysis notes 'Original Condition & Age' and 'Potential for Significant Renovation Costs' for systems, kitchen, and bathrooms, indicating a need for substantial rehabilitation to meet modern 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 = 11761, living area = 2394.
Prime Location & School District: Conveniently located on a cul-de-sac in desirable Santa Barbara, within the highly-regarded Foothill School area, offering a premium lifestyle.
Spacious Family Home: A substantial 5-bedroom, 3.5-bath residence with a generous 11,761 sqft lot, providing ample space for large families and entertaining.
Desirable Architectural Features & Layout: Features vaulted beam ceilings, large windows for natural light, a spacious kitchen and family room with backyard access, a convenient downstairs primary suite, and a second-floor bedroom with a private deck.
Ample Parking & Storage: Includes an attached 3-car garage, offering significant space for vehicles, projects, and additional storage.
Long-Term Ownership & Investment Potential: Being on the market for the first time in over 50 years, this property presents a rare opportunity for modernization and significant value appreciation in a sought-after area.
Cons
Original Condition & Age: Built in 1970 and held by the same owner for over 50 years, the property is likely in its original condition, requiring substantial updates to meet modern aesthetic and functional standards.
Potential for Significant Renovation Costs: Buyers should anticipate considerable investment for renovations, including updating systems, kitchen, and bathrooms, to maximize the property's potential and align with current market expectations in Santa Barbara.
Lack of Modern Amenities & Energy Efficiency: The description does not highlight modern amenities, smart home features, or recent energy-efficient upgrades, which may be a drawback for buyers seeking a move-in ready contemporary home.