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700 Via Hierba, SANTA BARBARA, CA 93110, SANTA BARBARA, 93110 - 4 bed, 3 bath

700 Via Hierba, SANTA BARBARA, CA 93110 home-pic-0
ACTIVE$6,185,000$3,188/sqft
Est. Value: $5,756,314
-6%
AboveEstimate
700 Via Hierba, SANTA BARBARA, CA 93110
4Beds
3Baths
3,188Sqft
66,211.203Lot

Price Vs. Estimate

The estimated value ($5,756,314.2) is $428,685.8 (6%) lower than the list price ($6,185,000). 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 = 66211, living area = 3188.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3188, other record living area = 2920.

Compared to the nearby listings

Price:$6.18M vs avg $2.05M (+$4,135,000)86%
Size:3,188 sqft vs avg 1,426 sqft80%
Price/sqft:$1.9K vs avg $85197%

More Insights

Built in 1967 (59 years old).
Condition: Built in 1967, the property is well-maintained and staged, but the kitchen features a mix of updated and older appliances (e.g., black dishwasher), and the primary bathroom's cabinetry and style are significantly dated. While move-in ready, it requires substantial updates, particularly in the bathrooms and potentially other infrastructure, to align with modern luxury standards, as indicated by the 'preliminarily approved renovation plans' and the weakness noted regarding its 'Original Construction Year'.
Year Built
1967
Close
-
List price
$6.18M
Original List price
-
Price/Sqft
$1,940
HOA
$3,799
Days on market
-
Sold On
-
MLS number
26-124
Home ConditionFair
Features
Good View:
Pool
Spa
Patio
View-

About this home

Set on an extraordinary and fully usable 1.52-acre parcel, 700 Via Hierba is a single-level residence featuring four bedrooms and two-and-a-half baths, or 4 bedrooms, 6 baths plus cabana with preliminarily approved renovation plans. The home is thoughtfully designed for effortless indoor-outdoor living, with expansive near floor-to-ceiling windows in the living and dining rooms that frame sweeping views of the lush grounds and sun-drenched patio. The property is an entertainer's dream, complete with a swimmer's pool, tennis court, gazebo, and beautifully landscaped outdoor spaces. The primary suite enjoys its own private patio with an in-ground spa, along with a spacious bath and generous closet—creating a serene personal retreat. A rare opportunity to experience the best of Hope Ranch living: expansive, private, yet conveniently located. Hope Ranch is one of Santa Barbara's most coveted residential enclavesprized not only for its private beach access, equestrian trails, and highly regarded schools, but for the rare lifestyle it offers: privacy, space, and a sense of peaceful retreat.

K
Kathleen Marvin
Listing Agent

Price History

Date
Event
Price
08/18/23
Sold
$5,200,000
Condition Rating
Fair
Built in 1967, the property is well-maintained and staged, but the kitchen features a mix of updated and older appliances (e.g., black dishwasher), and the primary bathroom's cabinetry and style are significantly dated. While move-in ready, it requires substantial updates, particularly in the bathrooms and potentially other infrastructure, to align with modern luxury standards, as indicated by the 'preliminarily approved renovation plans' and the weakness noted regarding its 'Original Construction Year'.
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 = 66211, living area = 3188.
Prime Hope Ranch Location: Situated in Santa Barbara's coveted Hope Ranch, offering private beach access, equestrian trails, highly-regarded schools, and a lifestyle of privacy and peaceful retreat.
Expansive & Usable Acreage: Features an extraordinary and fully usable 1.52-acre parcel, providing ample space and versatility for various outdoor activities.
Exceptional Recreational Amenities: An entertainer's dream complete with a swimmer's pool, tennis court, gazebo, and beautifully landscaped outdoor spaces.
Seamless Indoor-Outdoor Living: Thoughtfully designed with expansive near floor-to-ceiling windows, framing sweeping views of lush grounds and facilitating effortless indoor-outdoor flow.
Significant Renovation Potential: Offers preliminarily approved renovation plans to expand to 4 bedrooms, 6 baths plus a cabana, presenting a clear path for value enhancement and customization.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3188, other record living area = 2920.
Original Construction Year: Built in 1967, the residence may require substantial updates beyond the approved renovation plans to align with modern luxury standards and address potential aging infrastructure.
Current Bathroom-to-Bedroom Ratio: The existing configuration of 4 bedrooms with 2.5 baths is a lower ratio than typically desired in a luxury property of this size and price point, necessitating the planned renovation for optimal functionality.
Annual Association Fees: The property is subject to an annual association fee of $3,799, representing an additional recurring cost of ownership.
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