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$2,699,999

Beds
4
Baths
2.0
sq ft
1,960

5134 Cathedral Oaks Rd, Santa Barbara, CA 93111

5134 Cathedral Oaks Rd

Santa Barbara, CA 93111

  • 58 days on market
    • Price drop $100,000↓
    • Open house Nov 03
PRICE REDUCED! MAKE AN OFFER! Motivated seller is already in escrow buying another property. This exquisite property at 5134 Cathedral Oaks defines charming with a rural feel seldom seen in Santa Barbara. The parcel has 0.93 ac of generous expanse, and the house is extensively renovated with the interior and exterior showing like a new home. This includes a contemporary kitchen with modern cabinets, Quartz countertops, Stainless steel refrigerator, a six-burner Wolf range, and lots of cabinet and pantry space. The other amazing features of the property include: Owned solar panels, solid oak plank flooring, a Rayne Watering Conditioning System that serves the whole house, two hot water heaters to assure that you have enough hot water, HVAC with easy to use heating and cooling controls, a huge walk-in shower in the main bath with handicapped bars to make it safe, Skylights that illuminate the central portion of the house along with generous-sized windows, wide plantation shutters throughout the home, a gas fireplace in the family room, a super-large laundry room. In addition, the huge concrete patio behind the house is surrounded by vegetation that blooms all year round, attracting butterflies and birds. You could host a party on the patio, or just lie back and relax in the hot tub. The accompanying wood gazebo is solar lit, perfect for an al fresco dinner. The front roof overhangs the entrance patio creating an area of shade with plenty of room to relax and enjoy the sea breezes while you look over the huge front yard, planted with every kind of delicious fruit: grapefruit, apricots, lemons, figs, passion fruit. The new, black painted privacy fence gives seclusion and enhances the fresh greenery of the plants! Don’t miss this one of a kind, gorgeous property!

Details

Property type

Single Family Residence

Est. home value

$2,550,383

Lot size

0.93 acres

Price per sq ft

$1,378

Year built

1971

HOA

No

Price History

10/24/2024
CRMLS

CRMLS #EV24185999

Price change
$2,699,999
-3.57%
10/10/2024
CRMLS

CRMLS #EV24185999

Price change
$2,799,999
-3.45%
09/06/2024
CRMLS

CRMLS #EV24185999

Listed
$2,899,999
+3.61%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

See Remarks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,205,743
Asking price
$2,699,999
Closing costs (~8% of asking)
-$216,000
Est. remaining loan balance
-$1,278,256
Cash to seller
$1,205,743

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2023

Original loan amount

$1,300,000

Est. remaining balance

$1,278,256

Interest rate

6.28%

Loan type

New Conventional, 30 year

Seller

Sandra O Nathan and Barry C Nathan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/03/2024 at 4:55 AM

Listing updated: 11/02/2024 at 8:25 AM

Listed by: SARABJIT MEHTA, Town & Country Real Estate Phone #: (909) 473-9000

MLS: CRMLS #EV24185999

CRMLS logo

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