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947 Palermo Drive, SANTA BARBARA, CA 93105, SANTA BARBARA, 93105 - 4 bed, 3 bath

947 Palermo Drive, SANTA BARBARA, CA 93105 home-pic-0
ACTIVE$3,495,000$2,494/sqft
Est. Value: $3,373,579
-3%
AboveEstimate
947 Palermo Drive, SANTA BARBARA, CA 93105
4Beds
3Baths
2,494Sqft
7,405.2Lot

Price Vs. Estimate

The estimated value ($3,373,578.55) is $121,421.45 (3%) lower than the list price ($3,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Turnkey Renovation: The home has been beautifully and substantially renovated with new flooring, kitchen, bathrooms, updated HVAC, electrical, and plumbing, offering modern comfort and 'turnkey ease'.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.

Compared to the nearby listings

Price:$3.50M vs avg $2.28M (+$1,215,000)83%
Size:2,494 sqft vs avg 1,799.5 sqft75%
Price/sqft:$1.4K vs avg $1.1K81%

More Insights

Built in 1959 (67 years old).
Condition: Despite being built in 1959, the property has undergone a 'substantial remodel' with 'new flooring, a new kitchen, new bathrooms, updated HVAC, electrical, plumbing, and more.' The images confirm that the kitchen and bathrooms feature brand-new, high-end appliances, modern fixtures, and contemporary finishes, appearing virtually new. All components meet current quality standards, indicating no deferred maintenance and minimal physical depreciation, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Year Built
1959
Close
-
List price
$3.5M
Original List price
-
Price/Sqft
$1,401
HOA
$0
Days on market
-
Sold On
-
MLS number
26-27
Home ConditionExcellent
Features
Deck
View-

About this home

Set within Santa Barbara's peaceful Hidden Valley neighborhood, this beautifully renovated home offers a rare blend of turnkey ease, flexible living, and prime proximity to nature and the coast. Substantially remodeled with new flooring, a new kitchen, new bathrooms, updated HVAC, electrical, plumbing, and more, the stylish residence features a versatile floor plan with three bedrooms on the main level, a dedicated office, and a private upstairs en suite guest bedroom that also readily serves as a serene primary retreat. With nearly ±2,500 square feet of living space, the home's layout is easily adaptable to a variety of lifestyles. Inside, the home is light and bright, with every room both functional and inviting. Vaulted ceilings in the living and dining areas create an open, airy ambiance, complemented by a cozy fireplace and folding glass doors that open to the outdoor patio. The brand-new kitchen features high-end appliances and a breakfast bar, well-equipped for both everyday living and special gatherings. Spacious bedrooms on the main level allow for effortless single-level living, while the comfortably separated upstairs bedroom suite offers a luxurious bath, walk-in closet, and a private balcony overlooking the backyard. A dedicated laundry area on the main level and an attached two-car garage complete the home's convenient floor plan. Outside, new landscaping, a vibrant lawn, and an expansive dining patio create the perfect setting for entertaining or enjoying quiet moments at home. Located just steps from Palermo green space, the Las Positas bike path, Hendry's Beach, and more, this home offers a seamless connection to Santa Barbara's amenities and its coveted outdoor lifestyle. Don't miss out on an exceptional opportunity to enjoy comfort, flexibility, and location in this attractive offering!

D
Dusty Baker Group
Listing Agent

Price History

Date
Event
Price
12/21/21
Sold
$1,760,000
Condition Rating
Excellent
Despite being built in 1959, the property has undergone a 'substantial remodel' with 'new flooring, a new kitchen, new bathrooms, updated HVAC, electrical, plumbing, and more.' The images confirm that the kitchen and bathrooms feature brand-new, high-end appliances, modern fixtures, and contemporary finishes, appearing virtually new. All components meet current quality standards, indicating no deferred maintenance and minimal physical depreciation, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Extensive Turnkey Renovation: The home has been beautifully and substantially renovated with new flooring, kitchen, bathrooms, updated HVAC, electrical, and plumbing, offering modern comfort and 'turnkey ease'.
Prime Santa Barbara Location & Lifestyle: Situated in the peaceful Hidden Valley neighborhood, the property boasts prime proximity to nature, including Palermo green space, the Las Positas bike path, and Hendry's Beach, ideal for an active outdoor lifestyle.
Flexible & Versatile Floor Plan: The residence features a highly adaptable layout with three main-level bedrooms, a dedicated office, and a private upstairs en suite that can serve as a guest room or a serene primary retreat, accommodating diverse living needs.
Modern Indoor-Outdoor Flow: Vaulted ceilings, folding glass doors to an expansive dining patio, and new landscaping create an open, airy ambiance and seamless connection to outdoor living and entertaining spaces.
Brand-New High-End Kitchen: The property features a newly installed kitchen equipped with high-end appliances and a breakfast bar, catering to both everyday living and special gatherings.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Original Build Year: Despite extensive renovations, the home's original build year of 1959 may still be a consideration for buyers seeking brand-new construction or concerned about potential long-term maintenance of an older underlying structure.
Absence of Premium Views: The property description does not highlight any significant ocean, mountain, or panoramic views, which are often highly sought after and can command a premium in the Santa Barbara market at this price point.
Limited High-End Outdoor Amenities: While featuring new landscaping and a dining patio, the property lacks luxury outdoor amenities such as a pool, spa, or extensive outdoor kitchen, which are often expected in high-value Santa Barbara homes.
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