937 Arcady Road, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 4 bath

937 Arcady Road, Santa Barbara, CA 93108 home-pic-0
ACTIVE$6,450,000$3,689/sqft
Est. Value: $6,805,859
5%
BelowEstimate
937 Arcady Road, Santa Barbara, CA 93108
3Beds
4Baths
3,689Sqft
46,174Lot

Price Vs. Estimate

The estimated value ($6,805,858.91) is $355,858.91 (5%) higher than the list price ($6,450,000). 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 = 46174, living area = 3689.
Top Cons:
Age of Construction & Potential System Updates: Built in 1962, the property's age suggests potential for aging infrastructure (e.g., HVAC, electrical, plumbing) that may not be fully updated to modern standards, potentially incurring future maintenance or upgrade costs.

Compared to the nearby listings

Price:$6.45M vs avg $6.00M (+$450,000)57%
Size:3,689 sqft vs avg 2,835 sqft62%
Price/sqft:$1.7K vs avg $1.4K65%

More Insights

Built in 1962 (64 years old).
Condition: Built in 1962, this property has been well-maintained and features some updates, but many elements show their age. The kitchen has modern stainless steel appliances and stone countertops, but the traditional white cabinetry and herringbone tile flooring suggest a renovation from 15-25 years ago rather than a recent one. The primary bathroom, with its jetted tub and tile surround, appears significantly dated (likely 20-30+ years old). While move-in ready, the property would benefit from cosmetic updates, particularly in the bathrooms, to align with current styles and standards, fitting the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.
Year Built
1962
Close
-
List price
$6.45M
Original List price
-
Price/Sqft
$1,748
HOA
$0
Days on market
-
Sold On
-
MLS number
25628613
Home ConditionFair
Features
Good View:
Pool
Patio
View-

About this home

Set amid more than an acre of lush Montecito grounds, this refined residence offers a quiet sense of grandeur and an elegant, effortless way of living. A soaring foyer with a sweeping staircase and chandelier welcomes you inside, where tall windows and French doors bring in soft natural light and create a warm, inviting ambiance. The formal living spaces capture the charm of classic Montecito living. A gracious living room, anchored by a traditional fireplace, opens to terraces overlooking the pool and gardensan ideal setting for gatherings of any size. The adjacent dining room and library provide versatile spaces suited for both intimate hosting and peaceful moments at home. The kitchen is bright and thoughtfully designed, featuring an expansive center island, stone countertops, and a wall of windows that frame the gardens. With generous cabinetry and double ovens, it offers a welcoming setting for everyday living and entertaining. Upstairs, each bedroom serves as a private retreat, complete with en-suite baths and balconies that take in tranquil landscape views. The primary suite is especially inviting, offering a sitting area, fireplace, and French doors that open to a romantic veranda. Outdoors, the grounds embrace the best of Montecito's indoor-outdoor lifestyle. A sparkling pool is surrounded by mature oaks, colorful gardens, and patios ideal for relaxation or hosting. A versatile room near the pool offers added comfort and adaptability, ideal for guests or a variety of uses. Combining privacy, charm, and enduring style, this Montecito residence embodies refined living, where comfort and elegance come naturally and each setting enhances the beauty of daily life.

C
Cristal Clarke
Listing Agent

Price History

Date
Event
Price
02/09/24
Sold
$5,400,000
Condition Rating
Fair

Built in 1962, this property has been well-maintained and features some updates, but many elements show their age. The kitchen has modern stainless steel appliances and stone countertops, but the traditional white cabinetry and herringbone tile flooring suggest a renovation from 15-25 years ago rather than a recent one. The primary bathroom, with its jetted tub and tile surround, appears significantly dated (likely 20-30+ years old). While move-in ready, the property would benefit from cosmetic updates, particularly in the bathrooms, to align with current styles and standards, fitting the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated.
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 = 46174, living area = 3689.
Prime Montecito Location & Expansive Grounds: Situated on over an acre of lush, private grounds in the highly coveted Montecito area, offering prestige, tranquility, and ample space.
Exceptional Indoor-Outdoor Living: Seamless integration of indoor and outdoor spaces with terraces, a sparkling pool, mature gardens, and patios, perfect for entertaining and enjoying the California lifestyle.
Elegant & Refined Architecture: Features a grand foyer with a sweeping staircase, tall windows, French doors, traditional fireplaces, and classic Montecito charm, exuding a sense of grandeur and timeless style.
Well-Appointed & Versatile Spaces: Includes a thoughtfully designed kitchen with an expansive island and stone countertops, formal living/dining areas, a library, en-suite bedrooms with balconies, and a versatile room near the pool for guests or other uses.
Luxurious Primary Suite: An inviting primary suite offers a dedicated sitting area, a cozy fireplace, and French doors opening to a romantic private veranda, providing a true retreat.

Cons

Age of Construction & Potential System Updates: Built in 1962, the property's age suggests potential for aging infrastructure (e.g., HVAC, electrical, plumbing) that may not be fully updated to modern standards, potentially incurring future maintenance or upgrade costs.
Recent Price Adjustment & Value Perception: The recent price reduction from $6.85M to $6.45M, following a sale at $5.4M in early 2024, could lead to buyer scrutiny regarding current market value and potential for negotiation.
Limited Prominent Views: While offering 'tranquil landscape views' from balconies, the description does not highlight expansive ocean or city views, which are often a premium feature and expectation for properties in this exclusive Montecito price range.
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