966 Chelham Way, Santa Barbara, CA 93108, Santa Barbara, 93108 - 3 bed, 2 bath
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Santa Barbara, CA 93108
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $3,495,000—positioned slightly above the $3,380,933 Fair Market Value. While the list price commands a premium, the property features a Condition Rating of 2, showcasing a complete, high-end designer renovation with premium appliances and modern finishes. Situated in the prestigious 93108 zip code, the home offers scenic Mountain Views and a functional 2,209 sqft layout. This property is an ideal acquisition for Luxury Homebuyers or Owner-Occupants seeking a move-in ready sanctuary in a prime enclave.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 966 Chelham Way Subject | $3,495,000* List Price | 3 | 2 | 2,209 | $1,531 | - |
A 31 Cedar Lane Active | $3,350,000 List Price | 3 | 4 | 2,588 | $1,294 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1953, the property has clearly undergone a complete, high-end designer renovation within the last 5 years. The kitchen features premium professional-grade appliances, marble countertops, and modern minimalist cabinetry. The home showcases mint condition finishes including smooth plaster walls, updated flooring, a new metal roof, and modern systems, requiring no maintenance.
Situated in the highly coveted 93108 zip code, this property offers the prestige and long-term value associated with one of the most exclusive residential enclaves in California.
The property features beautiful mountain views, providing a serene and picturesque backdrop that enhances the overall aesthetic appeal and tranquility of the home.
With 2,209 square feet of interior space, the home offers a generous footprint for a three-bedroom residence, allowing for comfortable room proportions and functional living areas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2209, other record living area = 1926.
At a list price of $3,495,000 for a 2,209 sqft home on a modest 7,405 sqft lot, the property commands a significant premium that may challenge appraisal values for some buyers.
Built in 1953, the property may feature aging systems or structural elements typical of mid-century builds that could require modernization to meet contemporary luxury standards.
Exceptional opportunity in Santa Barbara. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,209 | - |
| Lot Size | 7,405 | - |
| Price | $3.50M | $2.43M |
| Price per sq ft | $1.6K | $1.3K |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 60 |
Jul 7, 2026
$3,495,000
Initial Listing
Feb 25, 2019
$930,000
Public Record