532 E Arrellaga Street A, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 1 bed, 1 bath
ACTIVE$749,000$930/sqft
532 E Arrellaga Street A, SANTA BARBARA, CA 93103
1Bed
1Bath
930Sqft
871.2Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Views: Convenient downtown Santa Barbara location on the East side, offering desirable ocean views from the condominium.
Top Cons:
Financing Complexity: Conventional financing may be altered due to the property being one of two residential units within a mixed-use commercial project, requiring specific pre-qualification.
Compared to the nearby listings
Price:$749.0K vs avg $915.0K ($-166,000)40%
Size:930 sqft vs avg 706 sqft80%
Price/sqft:$805 vs avg $80550%
More Insights
Built in 1984 (42 years old).
Condition: The property was built in 1984 (40 years ago) and appears to have had no major renovations since construction. While well-maintained and clean, the kitchen features original-style wood cabinets, dated countertops, and older appliances (except possibly the dishwasher). The bathroom is significantly outdated with a gold-framed shower door, original vanity, and multi-colored floor tiles. The overall aesthetic, including light fixtures and some flooring, is functional but shows clear signs of being from its original era, requiring minor updates to meet current standards.
Year Built
1984
Close
-
List price
$749K
Original List price
-
Price/Sqft
$805
HOA
$591
Days on market
-
Sold On
-
MLS number
25-178
Home ConditionFair
Features
Good View:
Deck
Patio
View-
About this home
GREAT FINANCING OPTIONS AVAILABLE! Come and enjoy this 1+ bedroom ocean view condominium in a convenient downtown location on the East side with a full bathroom, in-unit laundry, 2 off street parking spaces, a versatile office, fireplace, pantry and outdoor deck. The property has been lovingly maintained and recent building improvements include termite treatment and a new stairwell/deck. HOA has recently been amended to separate the 2 residential units from the 7 commercial units - see reserve studies under documents. This is a fantastic value. [Be aware that conventional financing may be altered by the fact this is 1 of 2 residential units in a mixed use commercial project. Buyers should be prequalified for this property.]
O
Olesya Thyne
Listing Agent
Price History
Date
Event
Price
06/19/12
Sold
$340,000
Condition Rating
Fair
The property was built in 1984 (40 years ago) and appears to have had no major renovations since construction. While well-maintained and clean, the kitchen features original-style wood cabinets, dated countertops, and older appliances (except possibly the dishwasher). The bathroom is significantly outdated with a gold-framed shower door, original vanity, and multi-colored floor tiles. The overall aesthetic, including light fixtures and some flooring, is functional but shows clear signs of being from its original era, requiring minor updates to meet current standards.
Pros & Cons
Pros
Prime Location & Views: Convenient downtown Santa Barbara location on the East side, offering desirable ocean views from the condominium.
Key Amenities & Features: The unit includes in-unit laundry, a fireplace, an outdoor deck, and a pantry, enhancing comfort and functionality.
Dedicated Parking: Provides two off-street parking spaces, a significant and valuable asset in a downtown urban setting.
Versatile Living Space: Features a versatile office space, catering to modern needs for remote work or additional utility.
Recent Building Upgrades: Benefits from recent building improvements, including termite treatment and a new stairwell/deck, indicating proactive maintenance.
Cons
Financing Complexity: Conventional financing may be altered due to the property being one of two residential units within a mixed-use commercial project, requiring specific pre-qualification.
High HOA Dues: The association fee of $591 per month is substantial for a 1-bedroom unit, potentially impacting monthly ownership costs.
Mixed-Use Environment: Being one of only two residential units among seven commercial units could lead to a less traditional residential community feel and unique operational considerations.