$1,599,000
$101K PRICE DROP

Estimated payment $8,884/month

Total Views 8,578
5 Beds
3 Baths
2,046 Sq Ft
$782 Price per Sq Ft

Highlights

  • Mountain View
  • Bamboo Flooring
  • Private Yard
  • Hollister Elementary School Rated A
  • Main Floor Primary Bedroom
  • No HOA

About This Home

740 Walnut Lane presents a rare chance to own a versatile property in a desirable Goleta neighborhood. The main residence offers 3 bedrooms, 2 bathrooms, and an attached 2-car garage. Above the garage, a spacious 950 sq. ft. 2-bedroom, 1-bath unit with its own private entrance provides apartment-style living and sweeping mountain views — ideal for extended family, long-term guests, or potential rental income.

The backyard is a private retreat featuring a sunlit patio and a variety of mature, fruit-bearing trees, including avocado, apricot, plum, and apple. Recent upgrades include a new electrical panel and dual-pane windows for enhanced efficiency and comfort.

Located minutes from UCSB, top-rated schools, shopping, and the Scenic Goleta Bike Path, this property blends investment potential with lifestyle appeal.

Listing Agent

Amanda Esparza

Energy-Wise Realty Brokerage Phone: 805-405-2899 License #02100833 Listed on: 08/05/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,259

Year Built

  • Built in 1959

Lot Details

  • 6,098 Sq Ft Lot
  • Private Yard
  • Property is zoned 7-R-1

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,046 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Awning
  • Gas Oven

Flooring

  • Bamboo
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 065171024

Community Details

Overview

  • No Home Owners Association
  • Santa Barbara: Other Subdivision
  • Property is near a preserve or public land

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,259

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 799500
  • Property Attached: No
  • Subdivision Name Other: Santa Barbara: Other (80)
  • View: Yes
  • Zoning: 7-R-1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 065171024
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: front
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 781.52
  • Room Type: Main Floor Primary Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Awning(s)
  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 96000.00
  • Gross Scheduled Income: 8000.00
  • Lot Size Area: 6098.0000 Square Feet
  • Number Of Units Total: 2
  • Other Income Description: estimation only of rents
  • Rent Control: No

Tax Info

  • Tax Census Tract: 30.04
  • Tax Lot: 45

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,259 $123,608 $28,678 $94,930
2023 $2,259 $118,810 $27,565 $91,245
2022 $2,211 $116,481 $27,025 $89,456
2021 $2,186 $114,198 $26,496 $87,702
2020 $2,153 $113,028 $26,225 $86,803
2019 $2,129 $110,812 $25,711 $85,101
2018 $2,070 $108,640 $25,207 $83,433
2017 $2,023 $106,511 $24,713 $81,798
2016 $1,912 $104,424 $24,229 $80,195
2014 $1,927 $100,843 $23,399 $77,444
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $1,599,000 -5.9% $782 / Sq Ft
08/05/2025 08/05/25 For Sale $1,700,000 -- $831 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Gift Deed -- None Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25176256

California Regional Multiple Listing Service (CRMLS)

APN: 065-171-024