5137 University Drive, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 4 bed, 2 bath
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SANTA BARBARA, CA 93111
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,549,000—positioned slightly above the $1,510,065 Fair Market Value. While priced at market, the home features a Condition Rating of 3, boasting modern upgrades like a new heat pump, dual-pane windows, and EV charger readiness. Located in the prestigious Foothill School District, this property offers a large 7,405 sqft lot and a covered patio, providing a perfect blend of lifestyle and stability. It is an ideal acquisition for growing families or discerning owner-occupants seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5137 University Drive Subject | $1,549,000* List Price | 4 | 2 | 1,234 | $1,224 | - |
A 5514 Capellina Way Sold | $1,465,000 | 4 | 2 | 1,511 | $970 | 0.9 mi |
B 430 Harvard Lane Sold | $1,820,000 | 3 | 2 | 1,409 | $1,292 | 0.5 mi |
C 5079 Rocoso Way Sold | $1,250,000 | 4 | 2 | 1,033 | $1,210 | 0.1 mi |
D 4840 Winding Way Sold | $1,500,000 | 3 | 2 | 1,206 | $1,244 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1963, the property has undergone significant updates including a new heat pump (HVAC), dual-pane windows, and EV charger readiness. The interior is move-in ready with bamboo flooring, recessed lighting, and well-maintained kitchen and bathrooms that appear to fall within the 5-15 year renovation window.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1234.
Situated in the highly sought-after Foothill School District, this property offers significant long-term value and appeal for families prioritizing top-tier education in Santa Barbara.
The home is equipped with a new heat pump for heating and cooling, dual-pane windows, and is electric car charger ready, providing immediate utility savings and modern convenience.
With four bedrooms configured within just 1,234 square feet, the individual room sizes and overall living space may feel restrictive for families seeking more interior volume.
Priced at approximately $1,255 per square foot, the property commands a significant premium that may challenge buyers comparing it to larger homes in the same price bracket.
Light and bright 4bd/2ba beauty located in the Foothill School District. Low maintenance landscape, covered patio, fruit trees, and huge storage shed add to ease of living here. The interior features new heat pump (AC/Heater), attic exhaust fans, smooth ceilings, recessed lighting, dual pane windows, electric car charger ready, crown molding, and bamboo flooring. Neat and tidy inside and out, this home is ready for a new owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,234 | - |
| Lot Size | 7,405 | - |
| Price | $1.55M | $2.43M |
| Price per sq ft | $1.3K | $1.3K |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 50 | 60 |
Jun 3, 2026
$1,549,000
Initial Listing
Jan 16, 2025
$1,150,000
Public Record