555 E Arrellaga Street 6, SANTA BARBARA, CA 93103, SANTA BARBARA, 93103 - 3 bed, 2 bath

555 E Arrellaga Street 6, SANTA BARBARA, CA 93103 home-pic-0
ACTIVE$1,450,000$1,345/sqft
555 E Arrellaga Street 6, SANTA BARBARA, CA 93103
3Beds
2Baths
1,345Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Ideally positioned in one of Santa Barbara's most coveted neighborhoods, just moments from the Santa Barbara Mission, Alice Keck Park, and State Street, offering unparalleled access to local amenities and attractions.
Top Cons:
High Monthly Association Fee: The association fee of $675 per month is substantial and represents a significant ongoing cost for potential buyers, which could impact affordability and long-term investment.

Compared to the nearby listings

Price:$1.45M vs avg $1.25M (+$195,000)80%
Size:1,345 sqft vs avg 706 sqft80%
Price/sqft:$1.1K vs avg $1.1K50%

More Insights

Built in 1985 (41 years old).
Condition: This property, built in 1985, has undergone extensive and tasteful renovations, making it move-in ready. The kitchen features modern stainless steel appliances, white quartz countertops, and a stylish dark green subway tile backsplash. While the wood cabinets appear to be a more traditional style, they are well-maintained and complement the updated elements. Both bathrooms are significantly updated with modern vanities, fixtures, and tiling (one with a sleek glass-enclosed shower, the other with a clean subway tile surround). Hardwood floors are present throughout the main living areas and bedrooms, contributing to a high-quality finish. The overall condition reflects a property that has been extensively renovated within the last 5-15 years, with minimal wear and tear, aligning well with 'Good' condition criteria.
Year Built
1985
Close
-
List price
$1.45M
Original List price
-
Price/Sqft
$1,078
HOA
$675
Days on market
-
Sold On
-
MLS number
26-24
Home ConditionGood
Features
Patio
View-

About this home

Ideally positioned in one of Santa Barbara's most coveted neighborhoods, first-level end-unit offers three bedrooms and two baths, blending comfort with effortless style. Warm wood floors, soaring ceilings, and plentiful windows create an airy, sun-drenched ambiance throughout. The living room, centered around an inviting fireplace, flows seamlessly to the dining area and onward to a private patio, creating an ideal setting for both everyday living and entertaining. The primary suite enjoys sliding doors to an outdoor retreat, framed by tranquil greenery, perfect for quiet mornings or al fresco moments. The updated kitchen showcases timeless finishes and thoughtful functionality, complemented by in-unit laundry for added ease. An elevator-served building enhances convenience, while giving access to two allocated parking spaces in the garage. The prime location, just moments from the Santa Barbara Mission, Alice Keck Park, and State Street, presents a rare opportunity to experience the very best of Santa Barbara living.

N
Nicole Dever
Listing Agent

Price History

Date
Event
Price
05/20/94
Sold
$230,000
08/07/23
Sold
$1,050,000
10/18/19
Sold
$805,000
04/06/12
Sold
$535,000
Condition Rating
Good

This property, built in 1985, has undergone extensive and tasteful renovations, making it move-in ready. The kitchen features modern stainless steel appliances, white quartz countertops, and a stylish dark green subway tile backsplash. While the wood cabinets appear to be a more traditional style, they are well-maintained and complement the updated elements. Both bathrooms are significantly updated with modern vanities, fixtures, and tiling (one with a sleek glass-enclosed shower, the other with a clean subway tile surround). Hardwood floors are present throughout the main living areas and bedrooms, contributing to a high-quality finish. The overall condition reflects a property that has been extensively renovated within the last 5-15 years, with minimal wear and tear, aligning well with 'Good' condition criteria.
Pros & Cons

Pros

Prime Location: Ideally positioned in one of Santa Barbara's most coveted neighborhoods, just moments from the Santa Barbara Mission, Alice Keck Park, and State Street, offering unparalleled access to local amenities and attractions.
Updated & Stylish Interior: The unit boasts warm wood floors, soaring ceilings, plentiful windows for natural light, and an updated kitchen with timeless finishes, creating an airy and modern living space.
Private Outdoor Retreat: Features a private patio accessible from the living area and a tranquil outdoor retreat off the primary suite, framed by greenery, perfect for relaxation and al fresco moments.
Convenient Amenities: The property includes highly desirable amenities such as in-unit laundry, an elevator-served building, and two allocated parking spaces in the garage, enhancing daily convenience and comfort.
End-Unit Advantages: As a first-level end-unit, it benefits from additional windows and potentially more privacy, contributing to a brighter and more spacious feel compared to interior units.

Cons

High Monthly Association Fee: The association fee of $675 per month is substantial and represents a significant ongoing cost for potential buyers, which could impact affordability and long-term investment.
Aggressive Pricing Strategy: The current list price of $1.45 million reflects a considerable increase from its last sale at $1.05 million in August 2023, potentially indicating an aggressive valuation that may require strong justification to prospective buyers.
Building Age: Built in 1985, while the unit itself is updated, the building's age could imply potential for future maintenance needs or special assessments related to common areas or building systems not explicitly covered in the unit's description.
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