Amazing Opportunity with tremendous upside potential - Price Reduction of $126,000, NOW @ $494 per square foot price - below market value - add your personal touches and immediately have built in equity. Seller Motivated and willing to help buy-down Buyer's interest rates as part of the negotiations (see remarks). Located in the Exclusive Chandler Estates neighborhood resides this beautiful Spanish/Montecito style home, Re-Built in 2004 - Gated & Super Private Estate with a ~ 60 foot set-back from main street & mature landscaping surrounding the entire perimeter, make this a very private and peaceful haven. Conveniently located NEAR bike and running paths, parks, and only a short distance to all the great restaurants, shops and markets located in the Valley. A WONDERFUL, functional floorplan, featuring a romantic master suite with its own private balcony, fireplace w/ sitting area, built in tub, large walk-in shower and walk-in closet. The 3 secondary bedrooms are also generously sized with one en-suite and two sharing a bathroom. The main living space is comprised of a formal living room with sitting area and fireplace, large family room off the kitchen with an additional fireplace & separate sitting area and French doors opening up to the lush backyard . Entertainers Dream Kitchen features stainless steel appliances, breakfast area as well as a breakfast bar, tons of cabinetry and countertop space, walk-in pantry and a separate large built in office area. Two guest bathrooms, huge dining room & wine room complete the main floor. In addition, there is a private, approx. 520 SF guest house -one-bedroom plus loft guest unit that is perfect for overnight guests/family or passive income (stats included in the MLS count). The private and lushly landscaped entertainers backyard features a wonderful outdoor kitchen with BBQ, a great bar and a built-in lounge area with fireplace makes this a magical setting in the evening for outdoor entertaining.