5740 Encina Road Unit 3, GOLETA, CA 93117, GOLETA, 93117 - 3 bed, 2 bath
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GOLETA, CA 93117
This Renovated Single-Level Condominium is a Prime Investment Opportunity listed at $769,700—positioned well below the $874,667 Fair Market Value by 12%. This significant valuation gap provides $104,967 in Instant Equity for the incoming owner. Boasting an Excellent Condition Rating, the interior features a renovated kitchen, modernized bathrooms, and dual private patios. Located in the premier Encina Royale 55+ community, residents enjoy a 9-hole golf course, pool, and clubhouse. This turnkey residence is an ideal match for active retirees or downsizers seeking a high-value, maintenance-free lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5740 Encina Road Unit 3 Subject | $769,700* List Price | 3 | 2 | 1,236 | $708 | - |
A 313 Moreton Bay Lane 1 Sold | $735,000 | 2 | 2 | 1,010 | $728 | 0.1 mi |
B 267 Moreton Bay Lane 2 Sold | $830,000 | 2 | 2 | 1,224 | $678 | 0.2 mi |
C 47 Dearborn Place 18 Sold | $690,000 | 2 | 1 | 929 | $743 | 0.6 mi |
D 257 Moreton Bay Lane 2 Active | $845,000 List Price | 2 | 2 | 1,161 | $728 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1963, the property has undergone extensive recent renovations that bring it up to modern standards. The interior features new wide-plank flooring throughout, a fully renovated kitchen with stainless steel appliances and updated cabinetry, and modernized bathrooms with new vanities and fixtures. The presence of newer windows, fresh paint, and updated lighting indicates a high level of recent capital improvement with no visible deferred maintenance, qualifying it for an excellent condition score.
The unit features a renovated kitchen with ample cabinetry, updated bathrooms, and newer windows, offering a move-in-ready experience for the next owner.
The HOA provides an exceptional lifestyle package including a 9-hole golf course, gym, and pool, while covering essential costs like water, cable, and internet.
Ideally situated within walking distance to major retailers like Trader Joe's and Sprouts, as well as local theaters and restaurants, ensuring high convenience.
As a 55+ senior living community, the property has a restricted buyer pool, which can limit resale opportunities compared to standard residential units.
The monthly HOA fee of $846 is a significant recurring expense that may impact the overall affordability and budget for fixed-income buyers.
This spacious single-level Encina Royale features three bedrooms, two bathrooms & an expansive living room with sliding glass doors opening to the front & back patios. the renovated kitchen offers an abundance of cabinetry, both bathrooms have been renovated & all windows are newer. The HOA dues cover water, trash, landscaping, fire insurance, cable TV & internet service. The HOA amenities include a 9-hole golf course, a clubhouse, a gym, a library & a large swimming pool. The condo is ideally located close to shops, restaurants, movie theaters & a multitude of grocery stores such as Sprouts, Trader Joe's & Vons. One occupant must be 55+ years of age.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,236 | 1,218 | 53% |
| Lot Size | - | - | 50% |
| Price | $769.7K | $782.4K | 50% |
| Price per sq ft | $623 | $721 | 30% |
| Built year | 1963 | 1974 | 20% |
| HOA | $846 | $585 | 77% |
| Days on market | 20 | 213 | 3% |
Apr 2, 2026
$769,700
Initial Listing
Aug 28, 2012
$332,500
Public Record
Feb 21, 2003
$379,000
Public Record