NOT LISTED FOR SALE

Estimated Value: $6,313,000 - $8,795,000

4 Beds
4.5 Baths
6,213 Sq Ft
$1,242/Sq Ft Est. Value

Last Sold January 12, 2016

Last sale price $5,325,000 $857 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $46,648/month

173 Days on Market

Highlights

  • Ocean Front
  • Fireplace
  • Laundry Room
  • Direct Access Garage
  • Home Security System
  • Stone Flooring

About This Home

As of January 2016

Custom Mandalay Beachfront Home on nearly 1/4 acre which extends further west than adjacent properties for dramatically enhanced ocean views to Santa Barbara. 4bedrooms + 4.5baths + large cook's kitchen with top line appliances + radiant heated floors + 4car garage; dramatic grt rm w large stone and wood beam fp, extensive use of imported stone flooring throughout; impeccably designed hand-scorped reclaimed wood kit cabinets, kit island, and stairway bannisters.2 1/2 inch thick solid core int doors w custom hand-forged hardware. Bchfrnt grt rm and mstr bdrm have wall to wall and ceiling to floor sliding glass doors that fully pocket into walls and open to lrg full-width beachfront decks. Direct access to sand from grt rm. The very spacious beachfront mstr bdrm has separate his and hers mstr baths and closets, his w steam shower. Truly an extraordinary home on deep pristine beach; panoramic ocean, island, whitewater, sunset, and coastal vistas out over the Santa Barbara channel

Last Agent to Sell the Property

Gary Cuoco

Re/Max Gold Coast Realty License #00608201 Listed on: 06/23/2015

Re/Max Gold Coast Realty

Last Buyer's Agent

Gary Cuoco

Re/Max Gold Coast Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Ocean Front
  • Level Lot

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Beach
  • Panoramic
  • City
  • Mountain

Interior Spaces

  • 6,213 Sq Ft Home
  • Fireplace
  • Dining Area
  • Laundry Room

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Utilities

  • Radiant Heating System
  • Underground Utilities
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 191-0-081-015

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Directions: 5th Street to Mandalay Beach Rd left to 1031
  • Prop. Type: Residential
  • Year Built: 2007
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Security System, Smoke Detector(s)
  • Reso Flooring: Carpet, Stone
  • Garage Yn: Yes
  • Property Information Year Built2: 2007
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Stone2: Yes
  • FlrWdw Coverings Carpet: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • ParkingGarage Gar #4: Yes
  • LocationTopo Oceanfront2: Yes
  • View City4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Other

Exterior Features

  • View: Beach, Mountain(s), Ocean, City, Panoramic
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #4, Interior Access, Attached

Utilities

  • Heating: Radiant
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Community Features: Street Lights

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 191-0-081-015
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2015
Closed on
Dec 30, 2015
Sold by
Silver Arthur H and Silver Kimberly C
Bought by
Miller Margret A
Seller's Agent
Gary Cuoco
Re/Max Gold Coast Realty
Buyer's Agent
Gary Cuoco
Re/Max Gold Coast Realtors
List Price
$7,950,000
Sold Price
$5,325,000
Premium/Discount to List
-$2,625,000
-33.02%
Current Estimated Value
$7,717,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,392,117
Avg. Annual Appreciation
3.79%

Purchase Details

Closed on
Oct 29, 2010
Sold by
Silver Mandalay Iii Llc
Bought by
Silver Arthur H and Silver Kimberly C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2005
Sold by
Nshe Fort Mitchell Llc
Bought by
Silver Mandalay Iii Llc

Purchase Details

Closed on
Dec 14, 2004
Sold by
Ghere James S and Ghere Linda L
Bought by
Nshe Fort Mitchell Llc

Purchase Details

Closed on
Jan 7, 2004
Sold by
Ghere James S and Ghere Linda L
Bought by
Ghere James S and Ghere Linda L

Purchase Details

Closed on
Mar 28, 2000
Sold by
Holcomb James A
Bought by
Ghere James S and Ghere Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.5%

Purchase Details

Closed on
Mar 23, 1998
Sold by
Holcomb James A & Pamela J Trust and James A
Bought by
Holcomb James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
6.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Miller Margret A $5,325,000 Fidelity National Title
Silver Arthur H -- Multiple
Silver Mandalay Iii Llc $2,550,000 Chicago
Nshe Fort Mitchell Llc -- Chicago
Ghere James S -- --
Ghere James S $840,000 Lawyers Title Company
Holcomb James A -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silver Arthur H $729,000
Previous Owner Ghere James S $550,000
Previous Owner Holcomb James A $535,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2016 01/12/16 Sold $5,325,000 -33.0% $857 / Sq Ft
12/12/2015 12/12/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $7,950,000 -- $1,280 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

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 $76,023 $6,303,716 $4,097,713 $2,206,003
2024 $76,023 $6,180,114 $4,017,365 $2,162,749
2023 $73,234 $6,058,936 $3,938,593 $2,120,343
2022 $71,018 $5,940,134 $3,861,366 $2,078,768
2021 $70,449 $5,823,661 $3,785,653 $2,038,008
2020 $71,770 $5,763,948 $3,746,837 $2,017,111
2019 $69,737 $5,650,930 $3,673,370 $1,977,560
2018 $68,754 $5,540,129 $3,601,344 $1,938,785
2017 $65,228 $5,431,500 $3,530,730 $1,900,770
2016 $48,209 $4,085,073 $2,947,416 $1,137,657
2015 $48,723 $4,023,713 $2,903,144 $1,120,569
2014 $48,184 $3,944,895 $2,846,276 $1,098,619
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-2125

Santa Barbara Multiple Listing Service

APN: 191-0-081-015