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53 Walnut Lane, Santa Barbara, CA 93111, Santa Barbara, 93111 - 3 bed, 2 bath

53 Walnut Lane, Santa Barbara, CA 93111 home-pic-0
ACTIVE$1,350,000$1,423/sqft
Est. Value: $1,123,627
-16%
AboveEstimate
53 Walnut Lane, Santa Barbara, CA 93111
3Beds
2Baths
1,423Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($1,123,627.315) is $226,372.685 (16%) lower than the list price ($1,350,000). This property may be overpriced.

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 = 7405, living area = 1423.
Top Cons:
Age of Property: Built in 1962, the property's age may necessitate updates to major systems (e.g., plumbing, electrical, HVAC) to meet contemporary standards and efficiency.

Compared to the nearby listings

Price:$1.35M vs avg $1.77M ($-417,500)19%
Size:1,423 sqft vs avg 1,807.5 sqft28%
Price/sqft:$949 vs avg $81764%

More Insights

Built in 1962 (64 years old).
Condition: Built in 1962, this property features significantly outdated kitchen and bathrooms that require substantial renovation. The kitchen has original-style wood cabinets, tiled countertops, and dated flooring, while the bathrooms exhibit original fixtures, colored sinks/tubs, and older tile work. Although some areas have hardwood flooring, the overall condition, including implied older major systems (HVAC, electrical, plumbing) as noted in the property analysis, indicates a need for considerable rehabilitation to meet modern standards. The description 'a blank canvas ready for the next owner to make it their own' further supports the need for major updates.
Year Built
1962
Close
-
List price
$1.35M
Original List price
-
Price/Sqft
$949
HOA
$0
Days on market
-
Sold On
-
MLS number
V1-34053
Home ConditionPoor
Features
Patio
View-

About this home

Welcome to 53 Walnut Lane, a charming single-family home nestled in Santa Barbara's desirable 93111 neighborhood. This well-maintained residence offers 3 bedrooms and 2 bathrooms in approximately 1,423+/- sq ft of comfortable living space on a generous 7,405+/- sq ft lot. Built in 1962, the timeless floor plan features bright living areas, a cozy fireplace, and seamless indoor-outdoor flow perfect for everyday living and entertaining. A blank canvas ready for the next owner to make it their own. Enjoy mature landscaping, a spacious yard for outdoor enjoyment, and the convenience of an attached 2-car garage. Located minutes from shopping, dining, and parks, this home combines classic appeal with prime Santa Barbara location. Don't miss the opportunity to make this inviting property your own, ideal for first-time buyers, move-up buyers, or anyone seeking a peaceful retreat in the heart of town. Easy access to schools, 101 freeway, and beach communities.

H
Hitchcock & Associates
Listing Agent
Condition Rating
Poor
Built in 1962, this property features significantly outdated kitchen and bathrooms that require substantial renovation. The kitchen has original-style wood cabinets, tiled countertops, and dated flooring, while the bathrooms exhibit original fixtures, colored sinks/tubs, and older tile work. Although some areas have hardwood flooring, the overall condition, including implied older major systems (HVAC, electrical, plumbing) as noted in the property analysis, indicates a need for considerable rehabilitation to meet modern standards. The description 'a blank canvas ready for the next owner to make it their own' further supports the need for major updates.
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 = 7405, living area = 1423.
Exceptional Location: Prime Santa Barbara location offering convenient access to shopping, dining, parks, schools, the 101 freeway, and beach communities.
Generous Lot Size & Outdoor Space: A spacious 7,405 sq ft lot with mature landscaping and a large yard provides ample opportunity for outdoor enjoyment and expansion.
Broad Buyer Appeal: Positioned as ideal for first-time buyers, move-up buyers, or those seeking a peaceful retreat, indicating a wide target market.
Classic Charm & Well-Maintained: A well-maintained 1962-built residence featuring a timeless floor plan, bright living areas, and a cozy fireplace, suggesting good foundational quality.
Functional Layout & Amenities: Offers a practical 3-bedroom, 2-bathroom layout, comfortable 1,423 sq ft of living space, and an attached 2-car garage.

Cons

Age of Property: Built in 1962, the property's age may necessitate updates to major systems (e.g., plumbing, electrical, HVAC) to meet contemporary standards and efficiency.
Renovation Potential Implied: Described as 'a blank canvas ready for the next owner to make it their own,' suggesting that significant investment may be required for modernization and personalization.
Lack of Modern Updates Highlighted: The description does not specify recent renovations or modern features (e.g., updated kitchen/baths), which could imply dated interiors compared to current market expectations.
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