NOT LISTED FOR SALE

Estimated Value: $5,280,214 - $6,337,000

5 Beds
5.5 Baths
5,099 Sq Ft
$1,155/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $4,900,000 $961 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $36,298/month

36 Days on Market

About This Home

As of July 2016

Authentic Cape Cod beachfront home at Mandalay Beach, great floor plan; main house has 3bedrooms + 3.5baths including a beachfront master bedroom suite; main house also has a large dining room + large ocean view kitchen + large 2nd level ocean view loft currently being used as an office + high ceiling beachfront great room with full width and floor to ceiling glass walls with sliding doors that... ...open to beachfront deck; across from spacious courtyard that has jacuzzi, waterfall, and built-in bar-b-q is a detached guest area that contains 2bedrooms + 2baths + kitchenette + large game room. The house exterior and interior has a Hamptons/East Coast feel throughout, from the ceiling detail, the wood floors, and clapboard surrounds. Mandalay Beach is a wide sandy beach. You can take a shoreline walk five miles to the north towards Ventura, with views of north PCH and the coastal foothills, or walk 3 miles south to Hollywood Beach. The house was custom built in 2005, is right on the sand, and has panoramic ocean, island, whitewater, sunset, coastal vistas and open ocean views out over the Santa Barbara Channel to the Channel Islands...

Last Agent to Sell the Property

Gary Cuoco

Re/Max Gold Coast Realty License #00608201 Listed on: 05/11/2016

Re/Max Gold Coast Realty

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 4,574

Home Design

  • 5,099 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Listing and Financial Details

  • Assessor Parcel Number 191-0-081-335

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Directions: 5th Street west to Harbor Bl left to Wooley Rd right 1 block to Mandalay Beach Rd right to 1081
  • Prop. Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Home/Estate
  • Property Information Year Built2: 2005
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information Within City Limits: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Schools

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

Lot Info

  • Parcel #: 191-0-081-335
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2016
Closed on
Jun 21, 2016
Sold by
Smith David Clayton and Smith Cheryl Jean
Bought by
Mantegna Joseph A and Mantegna Arlene
Seller's Agent
Gary Cuoco
Re/Max Gold Coast Realty
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$5,100,000
Sold Price
$4,900,000
Premium/Discount to List
-$200,000
-3.92%
Current Estimated Value
$5,889,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$989,738
Avg. Annual Appreciation
1.95%
Original Mortgage
$3,000,000
Outstanding Balance
$2,342,340
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,547,398

Purchase Details

Closed on
Aug 5, 2011
Sold by
Smith David Clayton and Smith Cheryl Jean
Bought by
Smith David Clayton and Smith Cheryl Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2011
Sold by
Smith David Clayton and Smith Cheryl Jean
Bought by
Smith David Clayton and Smith Cheryl Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2009
Sold by
Smith David C and Smith Cheryl J
Bought by
Smith David Clayton and Smith Cheryl Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,500
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2002
Sold by
Hofgaarden Charles and Mandeville Karen
Bought by
Smith David C and Smith Cheryl J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mantegna Joseph A $4,900,000 Fidelity National Title
Smith David Clayton -- Lsi
Smith David Clayton -- Lsi
Smith David Clayton -- Multiple
Smith David C $700,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mantegna Joseph A $3,000,000
Previous Owner Smith David Clayton $704,000
Previous Owner Smith David Clayton $725,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2016 07/28/16 Sold $4,900,000 -3.9% $961 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $5,100,000 -- $1,000 / 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 $68,571 $5,686,866 $3,696,464 $1,990,402
2024 $68,571 $5,575,359 $3,623,984 $1,951,375
2023 $66,055 $5,466,039 $3,552,926 $1,913,113
2022 $64,055 $5,358,862 $3,483,261 $1,875,601
2021 $63,543 $5,253,787 $3,414,962 $1,838,825
2020 $64,734 $5,199,918 $3,379,947 $1,819,971
2019 $62,900 $5,097,960 $3,313,674 $1,784,286
2018 $62,013 $4,998,000 $3,248,700 $1,749,300
2017 $58,832 $4,900,000 $3,185,000 $1,715,000
2016 $17,613 $1,488,196 $873,550 $614,646
2015 $17,801 $1,465,843 $860,429 $605,414
2014 $17,605 $1,437,130 $843,575 $593,555
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1570

Santa Barbara Multiple Listing Service

APN: 191-0-081-335