875 Walnut Lane, SANTA BARBARA, CA 93111, SANTA BARBARA, 93111 - 4 bed, 3 bath
ACTIVE$1,395,000$1,730/sqft
Est. Value: $1,487,278
6%
BelowEstimate
875 Walnut Lane, SANTA BARBARA, CA 93111
4Beds
3Baths
1,730Sqft
9,147Lot
Price Vs. Estimate
The estimated value ($1,487,277.63) is $92,277.63 (6%) higher than the list price ($1,395,000). This property may be underpriced.
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 = 9147, living area = 1730.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1730, other record living area = 1200.
Compared to the nearby listings
Price:$1.40M vs avg $1.77M ($-372,500)19%
Size:1,730 sqft vs avg 1,807.5 sqft44%
Price/sqft:$806 vs avg $81050%
More Insights
Built in 1965 (61 years old).
Condition: Built in 1965, the property has received recent cosmetic updates like fresh paint, smoothed ceilings, new lighting, and new carpet in the studio, making it clean and move-in ready in many areas. However, the kitchen features dated wood cabinets, tiled countertops, and older white appliances, while the bathrooms also show their age with older vanities and tile work. The core systems are likely original or significantly aged, as noted in the property analysis, and there's no mention of a cooling system. While functional, the kitchen and bathrooms require substantial updates to meet current styles and standards, aligning with the 'fair' condition criteria.
Year Built
1965
Close
-
List price
$1.4M
Original List price
-
Price/Sqft
$806
HOA
$0
Days on market
-
Sold On
-
MLS number
26-130
Home ConditionFair
Features
Good View:
Deck
Patio
View-
About this home
This lovingly cared for single-level home offers 3 bedrooms and 3 bathrooms, plus a versatile studio addition ideal as guest quarters, a 4th bedroom, extra living space, or multi-purpose room. An attached 312 sq ft workroom (not included in main square footage) and multiple storage sheds add exceptional flexibility. Recent upgrades include fresh interior and exterior paint, smoothed ceilings, updated fencing, new front lawn w/ sprinklers, new lighting, and new carpet in the studio, creating a clean slate ready for your personal touch. Ideally located near Obern bike and walking paths with direct access to UCSB, Goleta Beach, and More Mesa Preserve. Experience Santa Barbara's natural beauty right outside your door!
D
David Magid
Listing Agent
Condition Rating
Fair
Built in 1965, the property has received recent cosmetic updates like fresh paint, smoothed ceilings, new lighting, and new carpet in the studio, making it clean and move-in ready in many areas. However, the kitchen features dated wood cabinets, tiled countertops, and older white appliances, while the bathrooms also show their age with older vanities and tile work. The core systems are likely original or significantly aged, as noted in the property analysis, and there's no mention of a cooling system. While functional, the kitchen and bathrooms require substantial updates to meet current styles and standards, aligning with the 'fair' condition criteria.
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 = 9147, living area = 1730.
Prime Location & Lifestyle: Ideally situated near Obern bike and walking paths, offering direct access to UCSB, Goleta Beach, and More Mesa Preserve, providing an exceptional Santa Barbara outdoor lifestyle.
Versatile Living Spaces: Includes a versatile studio addition, perfect for guest quarters, a 4th bedroom, extra living space, or a multi-purpose room, enhancing the property's functionality and appeal.
Recent Cosmetic Upgrades: Features fresh interior and exterior paint, smoothed ceilings, updated fencing, a new front lawn with sprinklers, new lighting, and new carpet in the studio, presenting a move-in ready condition.
Additional Functional Space: An attached 312 sq ft workroom (not included in main square footage) and multiple storage sheds provide valuable extra utility and storage capacity.
Single-Level & Well-Maintained: A lovingly cared for single-level home, offering ease of access and a testament to consistent maintenance, with the added benefit of no association fees.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1730, other record living area = 1200.
Age of Core Systems: Built in 1965, the property's core systems (e.g., plumbing, electrical, roof) may be original or require significant updates, as no specific upgrades to these systems are mentioned.
Potential for Further Interior Updates: While some cosmetic updates are present, the phrase 'clean slate ready for your personal touch' suggests that a buyer may desire further investment in modernizing the kitchen and bathrooms.
Lack of Mentioned Cooling System: The property description does not specify the presence of an air conditioning or cooling system, which could be a drawback for comfort during warmer months in Santa Barbara.