R
Seller's Agent in 2023
Randy Solakian Estates Group
Coldwell Banker Realty
(805) 565-2208
18 in this area
48 Total Sales
1074 Cold Springs Rd Montecito, CA 93108
Estimated Value: $7,663,000 - $8,207,000
3
Beds
4.5
Baths
2,644
Sq Ft
$3,008/Sq Ft
Est. Value
Highlights
- Ocean View
- Accessory Dwelling Unit (ADU)
- Fruit Trees
- Cold Spring Elementary School Rated A+
- Pool House
- Contemporary Architecture
About This Home
As of October 2023Retaining charm & integrity of circa 1925 origins, completely redone in 2014 to highest standards of quality, detail, craftsmanship and materials, custom steel windows & doors, plaster walls, Arrigoni Woods flooring, Bulthaup cabinetry, Waterworks fixtures, and Terzani light fixtures. Two bedroom main house with third in Guest House. Breathtaking ocean & island views from all rooms and while dining al fresco on expansive stone terrace.
Set among Montecito's largest estates on an acre of magical gardens designed by acclaimed Landscape Architect Eric Nagelmann, with a very private 1 bedroom, 1 bathroom Guest House newly built in 2014 with open vaulted ceilings and stone fireplace. Nearby Pool & Cabana with living green roof, full bathroom, and outdoor cut stone shower.
Last Agent to Sell the Property
Coldwell Banker Realty License #00622258 / 01895788 / 02066982 Listed on: 06/07/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #01426886
Home Details
Home Type
- Single Family
Year Built
- Built in 1925
Lot Details
- 1 Acre Lot
- Fenced
- Irrigation
- Fruit Trees
- Drought Tolerant Landscaping
- Property is in excellent condition
Parking
- Attached Garage
Home Design
- Contemporary Architecture
- Spanish Architecture
- Mediterranean Architecture
- Tile Roof
- Stucco
Interior Spaces
- 2,644 Sq Ft Home
- 2-Story Property
- Sound System
- Multiple Fireplaces
- Living Room with Fireplace
- Formal Dining Room
- Ocean Views
- Home Security System
- Laundry Room
Flooring
- Wood
- Radiant Floor
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
Pool
- Pool House
- Spa
- Outdoor Pool
Outdoor Features
- Patio
Additional Homes
- Accessory Dwelling Unit (ADU)
- Number of ADU Units: 1
- Accessory Dwelling Unit (ADU) has a separate address
- ADU built in 2014
- ADU includes 1 Bedroom and 1 Bathroom
Schools
- Cold Spring Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating System
- Tankless Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 013-060-020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2023
Closed on
Sep 20, 2023
Sold by
Mark Louis Smith Trust
Bought by
Whistler Road Revocable Trust and Taylor
Seller's Agent
Randy Solakian Estates Group
Coldwell Banker Realty
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$12,300,000
Sold Price
$7,695,000
Premium/Discount to List
-$4,605,000
-37.44%
Views
289
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,371
Avg. Annual Appreciation
1.44%
Purchase Details
Closed on
Aug 16, 2013
Sold by
Smith Mark L
Bought by
Smith Mark L
Purchase Details
Closed on
May 9, 2012
Sold by
Gregston Patrick and Gregston Marion
Bought by
Smith Mark L
Purchase Details
Closed on
Aug 12, 1996
Sold by
Winston Buddy and Psaty Bruce
Bought by
Gregston Patrick and Gregston Marion
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Interest Rate
6.25%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Whistler Road Revocable Trust | $7,695,000 | Chicago Title Company | |
| Smith Mark L | -- | None Available | |
| Smith Mark L | $1,550,000 | Chicago Title Company | |
| Gregston Patrick | $805,000 | Santa Barbara Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gregston Patrick | $644,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2023 10/11/23 | Sold | $7,695,000 | -14.0% | $2,910 / Sq Ft |
| 10/01/2023 10/01/23 | Pending | -- | -- | -- |
| 08/23/2023 08/23/23 | Price Changed | $8,950,000 | -10.1% | $3,385 / Sq Ft |
| 07/09/2023 07/09/23 | Price Changed | $9,950,000 | -19.1% | $3,763 / Sq Ft |
| 06/07/2023 06/07/23 | For Sale | $12,300,000 | -- | $4,652 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
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 | $82,489 | $7,848,900 | $2,040,000 | $5,808,900 |
| 2023 | $82,489 | $2,615,528 | $1,328,005 | $1,287,523 |
| 2022 | $29,118 | $2,564,244 | $1,301,966 | $1,262,278 |
| 2021 | $28,544 | $2,513,966 | $1,276,438 | $1,237,528 |
| 2020 | $28,087 | $2,488,189 | $1,263,350 | $1,224,839 |
| 2019 | $27,668 | $2,439,402 | $1,238,579 | $1,200,823 |
| 2018 | $27,199 | $2,391,572 | $1,214,294 | $1,177,278 |
| 2017 | $25,939 | $2,340,758 | $1,190,485 | $1,150,273 |
| 2016 | $25,151 | $2,294,862 | $1,167,143 | $1,127,719 |
| 2014 | $18,044 | $1,615,703 | $1,127,093 | $488,610 |
Source: Public Records
Agents Affiliated with this Home
-
Randy Solakian Estates Group
-
Marsha Kotlyar Estate Group
M
Buyer's Agent in 2023
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
(805) 565-4014
81 in this area
163 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-1634
APN: 013-060-020
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