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
854Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Ocean View: The condominium offers desirable ocean views, a significant premium feature in Santa Barbara.
Top Cons:
Financing Challenges (Mixed-Use): The property's status as one of two residential units in a mixed-use commercial project may complicate conventional financing, requiring buyers to be prequalified for specific loan types.
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: Built in 1984, this property shows signs of being well-maintained but has not undergone significant modern renovations. The kitchen features original-style wood cabinets, laminate countertops, and dated white appliances (especially the coil-top range). The bathroom is also outdated with an older vanity, gold-framed shower doors, and multi-colored tile flooring. While functional and clean, the interior requires substantial cosmetic updates to meet current aesthetic standards, aligning with a 'fair' condition.
Year Built
1984
Close
-
List price
$749K
Original List price
-
Price/Sqft
$805
HOA
$591
Days on market
-
Sold On
-
MLS number
25600227
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.]
J
John Thyne
Listing Agent
Price History
Date
Event
Price
06/19/12
Sold
$340,000
Condition Rating
Fair
Built in 1984, this property shows signs of being well-maintained but has not undergone significant modern renovations. The kitchen features original-style wood cabinets, laminate countertops, and dated white appliances (especially the coil-top range). The bathroom is also outdated with an older vanity, gold-framed shower doors, and multi-colored tile flooring. While functional and clean, the interior requires substantial cosmetic updates to meet current aesthetic standards, aligning with a 'fair' condition.
Pros & Cons
Pros
Ocean View: The condominium offers desirable ocean views, a significant premium feature in Santa Barbara.
Prime Downtown Location: Situated in a convenient downtown East side location, providing easy access to amenities and urban living.
Valuable In-Unit Amenities: Includes highly sought-after features such as in-unit laundry, a versatile office space, a fireplace, pantry, and an outdoor deck.
Dedicated Parking: Comes with two off-street parking spaces, a considerable advantage in a downtown area where parking can be scarce.
Recent Building Improvements: The building has undergone recent improvements, including termite treatment and a new stairwell/deck, indicating good maintenance and proactive HOA management.
Cons
Financing Challenges (Mixed-Use): The property's status as one of two residential units in a mixed-use commercial project may complicate conventional financing, requiring buyers to be prequalified for specific loan types.
High Association Fee: The monthly association fee of $591 is relatively high for a 1-bedroom unit, which could impact affordability and long-term ownership costs.
Limited Residential Representation: As one of only two residential units among seven commercial units, residential owners might have limited influence on HOA decisions, despite recent amendments to separate residential and commercial interests.