740 Walnut Lane, Santa Barbara, CA 93111, Santa Barbara, 93111 - 5 bed, 3 bath
ACTIVE$1,575,000$2,046/sqft
Est. Value: $1,560,103
%
FairlyEstimate
740 Walnut Lane, Santa Barbara, CA 93111
5Beds
3Baths
2,046Sqft
6,098Lot
Price Vs. Estimate
The estimated value ($1,560,103.27) is $14,896.73 (0%) lower than the list price ($1,575,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Recent Updates: The property has undergone significant recent improvements, including new interior and exterior paint, new carpet, roof work, and an upgraded electrical panel, reducing immediate buyer expenses.
Top Cons:
Original Construction Age: Built in 1959, the property's underlying infrastructure, despite recent updates, may still present potential long-term maintenance considerations typical of older homes.
Compared to the nearby listings
Price:$1.57M vs avg $1.77M ($-192,500)31%
Size:2,046 sqft vs avg 1,872.5 sqft53%
Price/sqft:$770 vs avg $79250%
More Insights
Built in 1959 (67 years old).
Condition: While the property benefits from recent updates like new paint, carpet, roof work, and an upgraded electrical panel, the kitchens and main level bathrooms are significantly outdated in style and features. The 1959 build year, combined with the dated cabinetry, countertops, appliances, and tilework (e.g., blue diagonal tile in one bathroom), indicates that these key areas would likely require renovation to meet current aesthetic standards, placing it in the 'fair' category.
Year Built
1959
Close
-
List price
$1.57M
Original List price
-
Price/Sqft
$770
HOA
$0
Days on market
-
Sold On
-
MLS number
SC25135435
Home ConditionFair
Features
Good View:
Patio
View-
About this home
This Eastern Goleta Valley home has been freshly updated and is ready for its next owners. Recent improvements include new interior and exterior paint, new carpet, roof work, and an upgraded electrical panel. The main level offers 3 bedrooms and 2 bathrooms with a practical layout, while the separate upstairs 2-bedroom, 1-bath area with its own private entrance provides flexible use options (buyer to verify local requirements). The backyard includes a sunny patio and mature fruit treesavocado, apricot, plum, and applecreating a welcoming outdoor setting. Conveniently located near UCSB, Hollister Elementary, the Magnolia Shopping Center, and the Coast Bike Trail, this home offers versatility in a prime Goleta Valley location.
A
Amanda Esparza
Listing Agent
Condition Rating
Fair
While the property benefits from recent updates like new paint, carpet, roof work, and an upgraded electrical panel, the kitchens and main level bathrooms are significantly outdated in style and features. The 1959 build year, combined with the dated cabinetry, countertops, appliances, and tilework (e.g., blue diagonal tile in one bathroom), indicates that these key areas would likely require renovation to meet current aesthetic standards, placing it in the 'fair' category.
Pros & Cons
Pros
Extensive Recent Updates: The property has undergone significant recent improvements, including new interior and exterior paint, new carpet, roof work, and an upgraded electrical panel, reducing immediate buyer expenses.
Versatile Living Configuration: A separate upstairs 2-bedroom, 1-bath area with its own private entrance offers flexible use options, ideal for multi-generational living, rental income potential, or a dedicated home office.
Prime Goleta Valley Location: Conveniently situated near UCSB, Hollister Elementary, Magnolia Shopping Center, and the Coast Bike Trail, providing excellent access to education, amenities, and recreation.
Desirable Outdoor Amenities: The backyard features a sunny patio and mature fruit trees (avocado, apricot, plum, apple), creating a welcoming and appealing outdoor living space.
Generous Bedroom Count: With a total of 5 bedrooms and 3 bathrooms, the property offers ample space and flexibility to accommodate larger families or diverse living arrangements.
Cons
Original Construction Age: Built in 1959, the property's underlying infrastructure, despite recent updates, may still present potential long-term maintenance considerations typical of older homes.
Unverified Separate Unit Legality: The description states 'buyer to verify local requirements' for the separate upstairs unit, indicating potential regulatory hurdles or costs to fully legalize its intended use.
Recent Price Adjustment: A recent price reduction from $1.599M to $1.575M could suggest initial overpricing or slower market interest, potentially influencing buyer perception.