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 is currently available with a list price of $4,775,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1951, is well-maintained but shows significant signs of age in key areas. The kitchen features very dated cabinets, countertops, backsplash, and appliances, requiring a full renovation to meet modern standards. While hardwood floors are present in many areas, some rooms have severely outdated blue patterned carpeting. The overall style of the interior, particularly the kitchen and some light fixtures, suggests renovations were done 15-30 years ago, making it functional but aesthetically outdated for a luxury market. The property is 'move-in ready' but requires substantial updates to finishes and potentially major systems to align with contemporary luxury expectations.
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 = 60113, living area = 6000.
- Prestigious Location & Views
Situated on a private road in Arcady Estates, Montecito, the property offers breathtaking panoramic views of the Santa Ynez Mountains and Montecito Peak, enhancing its exclusivity and appeal.
- Exceptional School District
The home is located just 4/10 of a mile from the award-winning Cold Spring School, ranked first in the State of California, making it highly desirable for families.
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 of Property & Potential for Updates
Built in 1951, while offering classic charm, the property may require significant updates to major systems (e.g., plumbing, electrical, HVAC) or finishes to meet contemporary luxury standards, despite being move-in ready.
- High Price Point & Limited Buyer Pool
With a list price of $4.775 million and an $800 association fee, the property targets a highly 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, this ready to move-in 6000 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 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 60,113 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $800 / 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 | 6,000 | 3,784 | 85% |
| Lot Size | 60,113 | 43,560 | 79% |
| Price | $4.78M | $5.33M | 40% |
| Price per sq ft | $796 | $1.6K | 22% |
| Built year | 1951 | 1973 | 21% |
| HOA | $800 | $0 | 95% |
| Days on market | 494 | 239 | 77% |
Pricing History
Listed for Sale
Oct 29, 2024
$4,775,000
Initial Listing