Noteworthy new listings….
After years on and off the market, 974 Park Lane ($6.2 million) traded in January 2021 for $3.855 million. It looks like some surface work might have been done, but the big challenge remains: how do you make the property cohere? With that atrium entrance and dated staircase, the main house wants a total redo, but it’s on little usable land; the guest house has more land to work with, but it’s across a ravine. The listing touts “Plans and permits in process,” so perhaps a solution is out there.
Another flip attempt is underway at 1395 Virginia Road ($4.295 million), walkable to Butterfly Beach, which sold for $2.4 million in October 2020. The mini compound includes a 1925 four-bedroom house, two cottages, and “al fresco dining Cabana, climbing wall, surf shack, 2 outdoor showers, spa, sauna and a fireplace lounge.” It seems destined to be a vacation rental.
And there’s a third flip attempt at 2428 Anacapa Street ($4.25 million), which sold for $1.975 million in October 2020. The listing says the four-bedroom house has been renovated, but without interior photos, we can’t know to what extent. (Much expense was spared on the front yard.) The great room is more like a great hallway.
427 Pimiento Lane ($5.5 million) has a juicy location, two parcels (.6 and 1.17 acre) on a flag lot off of one of Montecito’s sweeter streets. The existing house is a teardown.
I bet the 1932 three-bedroom at 815 Tye Road ($2.949 million) in Mission Canyon gets snapped up quickly; the charm is evident, even if surfaces could use updating. The curtain around the bed gives me hospital vibes, though….
And a few others worth checking out:
••• 2212 Chapala Street ($2.55 million): 1927 house that got renovated so recently you can still see the seams in the sod; already in escrow.
••• 9 E. Quinto Street ($2.15 million): 1977 three-bedroom at the corner of State Street.
••• 1025 Palomino Road ($1.725 million): Terrific deck but the interiors are a project.
••• 2937 Hermosa Road ($1.495 million): Samarkand two-bedroom with the potential for potential.
••• 610 W. De La Guerra Street ($1.497 million): 1905 Westside house described as Craftsman but I don’t see it; the vaulted ceiling in the bathroom is dramatic.
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