740 Walnut Lane, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 5 bed, 3 bath
ACTIVE$1,599,000$2,046/sqft
Est. Value: $1,614,942
%
FairlyEstimate
740 Walnut Lane, SANTA BARBARA, CA 93111
5Beds
3Baths
2,046Sqft
6,098.4Lot
Price Vs. Estimate
The estimated value ($1,614,941.535) is $15,941.535 (0%) lower than the list price ($1,599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Versatile Layout & Income Potential: The property offers a highly flexible 5-bedroom, 3-bathroom layout with a separate upstairs unit and private entrance, ideal for multi-generational living, guest accommodation, or generating supplemental rental income.
Top Cons:
Property Age & Potential for Updates: Built in 1959, the home's age suggests that while some areas are updated, other systems or aesthetics may require future modernization or maintenance beyond the recent cosmetic improvements.
Compared to the nearby listings
Price:$1.60M vs avg $1.77M ($-168,500)42%
Size:2,046 sqft vs avg 1,872.5 sqft53%
Price/sqft:$782 vs avg $79750%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, the property has received recent cosmetic updates like fresh paint and new carpeting on the main level. However, both kitchens and most bathrooms are significantly outdated in style, fixtures, and appliances, appearing to be from renovations 20-30+ years ago or even original. While functional, these key areas require substantial modernization. The property is maintained and livable but shows clear signs of age and outdated components.
Year Built
1959
Close
-
List price
$1.6M
Original List price
-
Price/Sqft
$782
HOA
$0
Days on market
-
Sold On
-
MLS number
25-4224
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Discover a versatile 5-bedroom, 3-bathroom home offering flexible living options. The main level features a 3-bedroom, 2-bath layout with recent improvements, including fresh interior paint and new carpeting. Upstairs, a separate 2-bedroom, 1-bath space with its own private entrance provides excellent flexibility for extended family, guests, or potential rental use. The backyard offers a patio and mature fruit trees including avocado, apricot, plum, and apple, creating a welcoming outdoor setting. Conveniently located near UCSB, Hollister Elementary, the Magnolia Shopping Center, and the Coast Bike Trail, this property is well-suited for a primary residence with supplemental income potential or a smart addition to an investment portfolio.
A
Amanda Esparza
Listing Agent
Condition Rating
Fair
Built in 1959, the property has received recent cosmetic updates like fresh paint and new carpeting on the main level. However, both kitchens and most bathrooms are significantly outdated in style, fixtures, and appliances, appearing to be from renovations 20-30+ years ago or even original. While functional, these key areas require substantial modernization. The property is maintained and livable but shows clear signs of age and outdated components.
Pros & Cons
Pros
Versatile Layout & Income Potential: The property offers a highly flexible 5-bedroom, 3-bathroom layout with a separate upstairs unit and private entrance, ideal for multi-generational living, guest accommodation, or generating supplemental rental income.
Desirable Santa Barbara Location: Strategically located near UCSB, Hollister Elementary, Magnolia Shopping Center, and the Coast Bike Trail, offering convenience and access to education, shopping, and recreation.
Recent Interior Enhancements: The main level benefits from recent improvements including fresh interior paint and new carpeting, providing a refreshed and move-in ready aesthetic.
Attractive Outdoor Amenities: The backyard boasts a pleasant patio area and mature fruit trees (avocado, apricot, plum, apple), enhancing outdoor living and appeal.
Ample Living Space: With 5 bedrooms and 3 bathrooms across 2046 sqft, the home provides generous space suitable for larger families or multiple occupants.
Cons
Property Age & Potential for Updates: Built in 1959, the home's age suggests that while some areas are updated, other systems or aesthetics may require future modernization or maintenance beyond the recent cosmetic improvements.
Lack of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., air conditioning), which could be a significant consideration for comfort during warmer months in Santa Barbara.
Limited Scope of Recent Renovations: While paint and carpet are new on the main level, the description doesn't detail updates to key areas like the kitchen or bathrooms (beyond the main level's general 'improvements'), potentially indicating a need for further investment to fully modernize the home.