NOT LISTED FOR SALE

107 Olive Mill Rd Montecito, CA 93108

Estimated Value: $5,809,000 - $6,421,000

2 Beds
2.5 Baths
2,910 Sq Ft
$694/mo HOA Fee

Last Sold April 26, 2022

Last sale price $4,975,000 $1,710 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $39,087/month

4 Days on Market

Highlights

  • Property is near an ocean
  • Mountain View
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Contemporary Architecture
  • Sun or Florida Room

About This Home

As of April 2022

Newly built in 2019, this open floor-plan masterpiece is centrally located in the heart of Montecito. The Villas at Olive Mill Road offer sophisticated, modern living only steps away from restaurants on Coast Village Road. No expense was spared in the construction, design, and choice of finishes. This two-bedroom, three-bathroom Villa consists of all en-suite bedrooms, an expansive master bedroom with balcony and oversized walk-in closet. Enjoy the security of a private garage and dual gated entry. The living area is tastefully designed with glass Flare Front fireplace, double height ceilings and solid French Oak flooring throughout. The chef's kitchen is equipped with Wolf and Subzero appliances and the enclosed patio-room allows for outdoor lounge space within the comfort of your home.

Last Agent to Sell the Property

Eric Haskell

The Agency License #01866805 Listed on: 03/28/2022

The Agency

Last Buyer's Agent

Eric Haskell

The Agency

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $53,840

Year Built

  • Built in 2019

HOA Fees

  • $694 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Spanish Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,910 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Sun or Florida Room
  • Mountain Views
  • Monitored
  • Washer

Kitchen

  • Built-In Oven
  • Built-In Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Garage
  • Parking Garage Space

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Property is near an ocean
  • Property is in excellent condition
  • Property is near shops
  • Central Air

Community Details

  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 009-760-001

Property Details

Home Type

Condominium

Est. Annual Taxes

$53,840

Year Built

Built in 2019

Lot Details

0

HOA Fees

$694 per month

Listing Details

  • Association Fee: 694
  • Directions: Corner of Olive Mill and Coast Village.
  • Prop. Type: Residential
  • Year Built: 2019
  • Reso Property Sub Type: Condominium
  • ResoLotFeatures: Corner Lot
  • ResoSecurityFeatures: Monitored, Security Camera
  • Architectural Style: Contemporary, Spanish
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2019
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • Proximity Near Ocean2: Yes
  • Dining Dining Area2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • LocationTopo Corner Lot2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Security Security Camera2: Yes
  • Style:Contemporary2: Yes
  • Roof:Tile2: Yes
  • ParkingGarage Gar #12: Yes
  • FlrWdw Coverings Wood2: Yes
  • Style Spanish2: Yes
  • Security Monitored2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • ParkingGarage Com Garage: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, Dishwasher, Disposal, Gas Stove, Microwave, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Other Rooms:Great Room: Yes
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s)
  • Construction Type: Stucco

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1, Com Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Mont Wtr

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-760-001
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2020
Sold by
Olive Oil And Gas Lp
Bought by
Burke Sarah Bina
Current Estimated Value
$6,139,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$677,037
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$5,525,593
Source: Public Records

Range of Values:

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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
Burke Sarah Bina $3,400,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Sarah Bina $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2022 04/26/22 Sold $4,975,000 0.0% $1,710 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $4,975,000 -- $1,710 / 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 $53,840 $5,279,509 $1,591,812 $3,687,697
2023 $53,840 $4,975,000 $1,500,000 $3,475,000
2022 $36,292 $3,468,000 $1,020,000 $2,448,000
2021 $35,147 $3,400,000 $1,000,000 $2,400,000
2020 $34,342 $3,321,367 $321,367 $3,000,000
2019 $31,828 $3,078,722 $278,722 $2,800,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-933

Santa Barbara Multiple Listing Service

APN: 009-760-001