This remodeled Montecito townhome on Olive Mill Road is one of the best valued Montecito REO‘s of the year with it’s great location–virtually only a couple blocks to the Four Seasons Biltmore, Butterfly Beach, The Coral Casino and Coast Village Road. This Montecito home has 3 bedrooms, 2 bathrooms is in the Coral Gardens development and is listed for almost $600,000 less than it sold for in 2006 (2006 Sales Price: $1,525,000), and since then it has been beautifully remodeled. The remodel includes an updated kitchen and bathrooms, hardwood floors, a custom built in bookcase and an entertainment center. Overall, the floor plan is very functional and I expect that multiple offers will come in on this property.
With 1,875 SF, this Montecito home provides quite a bit more living space and in a far better condition than virtually all other Montecito properties in this price range (under $1 million). With Santa Barbara’s indoor/outdoor living, the ample backyard patio and lush landscaping increase the living space even. The HOA fee is $400/mo and includes exterior maintenance, common area maintenance and water. The unit also shares only one wall with the adjacent unit and is not in a large complex like most other condos in the area, so it lives and feels more like a single family home than most condos, without some of the ownership/maintenance headaches associates with houses.
If you have interest in this property or similar Montecito townhomes and Montecito homes, contact Daniel Zia (Daniel@ZiaGroup.com or 805-637-7148). Daniel can send you full listing details and schedule a time to tour the Montecito REO. The Zia Group team is ready to assist you in your Montecito real estate search and our website is our first step in serving you. Visit today to research Santa Barbara and Montecito neighborhoods, local real estate trends and more.