939 Arcady Road, SANTA BARBARA, CA 93108, SANTA BARBARA, 93108 - 5 bed, 5 bath
939 Arcady Road
SANTA BARBARA, CA 93108
Property Price
SUMMARY
Analysis of 939 Arcady Road, SANTA BARBARA, CA 93108 reveals a Fairly Priced Property with a current list price of $5,150,000 aligned with the estimated $5,150,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the SANTA BARBARA Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 939 Arcady Road Subject | $5,150,000* List Price | 5 | 5 | 5,996 | $859 | - |
A 931 Knapp Drive Sold | $5,300,000 | 4 | 3 | 0.1 mi | ||
B 530 Barker Pass Road Pending | $3,995,000 List Price | 4 | 4 | 4,407 | $907 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1951, this property appears structurally sound and well-maintained from the exterior. However, the interior, particularly the kitchen, is significantly outdated with 80s/90s style cabinets, countertops, and appliances, along with a dated backsplash. The carpets in several rooms are worn and the color/pattern are very old-fashioned. While the hardwood floors are present, they show signs of wear. The property is livable and clean, but requires substantial modernization and renovation to meet contemporary luxury standards and buyer expectations, especially given its prestigious location and price point. The bar area is also notably dated. Bathrooms are not shown, but likely follow a similar outdated aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 60112, living area = 5996.
- Prestigious Location
Situated on a private road within the exclusive Arcady Estates in Montecito, offering a highly sought-after and desirable address.
- Exceptional Views
Features breathtaking panoramic views of the Santa Ynez Mountains, including Montecito Peak, visible from multiple vantage points and a two-story wall of glass.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 7.
- Age and Potential for Renovation
Built in 1951, the property, while livable, may require significant modernization or updates to meet contemporary luxury standards and buyer expectations, implying additional investment.
- High Entry Price Point
The list price of $5.15 million positions the property in a very exclusive market segment, potentially limiting the pool of prospective buyers.
About 939 Arcady Road
This large Montecito home on 1.38 acres features breathtaking views of the Santa Ynez Mountains. The award-winning Cold Spring School (ranked first in the State of California) and locally beloved Montecito Firehouse are just 4/10 of a mile away. Set on a private road in Arcady Estates, ready to move-in or remodel this 5000+ SF residence offers endless potential and a flexible floor plan. The entry and living areas open to a two-story wall of glass and a large outdoor deck. The family room connects to a spacious great room, located off the kitchen. The main floor also has two en-suite bedrooms, ideal for guests or family members. The upper level has a palatial master suite with a fireplace, separate study and office and a nursery or sitting room. French doors open to a balcony with panoramic mountain views to Montecito Peak. Two additional upstairs bedrooms have vaulted ceilings with exposed oak beams and private balconies. The ground floor of residence has an additional two en-suite bedrooms with separate outdoor entrances. The detached split-level garage contains a built-in studio and storage areas. The expansive grounds have ample room for outdoor amenities and the creation of a garden oasis.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 60,112.801 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 65% |
| Baths | 5.0 | 5.0 | 50% |
| Square foot | 5,996 | 3,784 | 85% |
| Lot Size | 60,112.801 | 43,560 | 79% |
| Price | $5.15M | $5.33M | 46% |
| Price per sq ft | $859 | $1.6K | 24% |
| Built year | 1951 | 1973 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 502 | 240 | 77% |
Pricing History
Listed for Sale
Oct 22, 2024
$5,150,000
Initial Listing