NOT LISTED FOR SALE

1115 Ferrelo Rd Santa Barbara, CA 93103

Lower Riviera Neighborhood

Estimated Value: $3,291,000 - $5,408,000

4 Beds
3 Baths
3,105 Sq Ft
$1,437/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $1,900,000 $612 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $23,768/month

147 Days on Market

Highlights

  • Ocean View
  • Outdoor Pool
  • Property is near park, schools, and shops
  • Franklin Elementary School Rated A-
  • Updated Kitchen
  • Cathedral Ceiling

About This Home

As of August 2012

This exquisite 1932 Spanish Villa exudes the Santa Barbara lifestyle. The recently renovated 3100 sf home offers beautifully appointed public rooms with romantic ocean & city views. The grand master suite on its own wing features vaulted ceilings, an ocean view terrace, and a separate office/media room. The park-like 1/3 acre lot includes sprawling lawns, lush landscaping and a sparkling pool.

Last Agent to Sell the Property

Chris Palme

Coldwell Banker Realty Listed on: 01/25/2012

Last Buyer's Agent

Chris Palme

Coldwell Banker Realty Listed on: 01/25/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1932

Lot Details

  • 0.3 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-2

Parking

  • Garage

Property Views

  • Ocean
  • City

Home Design

  • Spanish Architecture
  • Split Level Home
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,105 Sq Ft Home
  • Cathedral Ceiling
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Music Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • 3 Full Bathrooms

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating System
  • Sewer Stub Out

Additional Features

  • Outdoor Pool
  • Property is near park, schools, and shops

Community Details

  • 15 Riviera/Lower Subdivision

Listing and Financial Details

  • Assessor Parcel Number 029-261-008

Home Details

Home Type

Single Family

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1932
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Subdivision Name: 15 - Riviera/Lower
  • Architectural Style: Spanish
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Split Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1932
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.3
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Construction Split Level: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ViewOcean: Yes
  • Style Spanish2: Yes
  • Foundation Raised: Yes
  • View City4: Yes
  • Rooms Music Room2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: LR

Exterior Features

  • Roof: Tile
  • View: Ocean, City
  • Construction Type: Stucco
  • Acres: 0.3
  • Topography: Level
  • Exterior Features: Pool, Lawn, Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 029-261-008
  • Zoning: E-2
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2024
Sold by
Seidler Marc P and Seidler Sharon Y
Bought by
Marc P Seidler Trust and Seidler
Current Estimated Value
$4,198,402

Purchase Details

Listed on
Jan 25, 2012
Closed on
Aug 23, 2012
Sold by
Hall David C and Hall Jennifer
Bought by
Seidler Marc P and Seidler Sharon Y
Seller's Agent
Chris Palme
Coldwell Banker Realty
Buyer's Agent
Chris Palme
Coldwell Banker Realty
List Price
$2,195,000
Sold Price
$1,900,000
Premium/Discount to List
-$295,000
-13.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%
Original Mortgage
$1,100,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2012
Sold by
Hall David C and Hall Jennifer A
Bought by
Hall David C and Hall Jennifer

Purchase Details

Closed on
Jun 17, 2008
Sold by
Tracy Suzanne
Bought by
Hall David C and Hall Jennifer A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 27, 2006
Sold by
Tracy Suzanne
Bought by
Tracy Suzanne

Purchase Details

Closed on
Mar 24, 2005
Sold by
Geddes Caroline S
Bought by
Tracy Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2005
Sold by
Geddes Caroline S
Bought by
Caroline S Geddes Family Trust and Geddes Caroline S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2000
Sold by
Chaffin Ahn Russell J and Chaffin Juel N Tr 9-5-90
Bought by
Geddes Caroline S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,750
Interest Rate
3.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Marc P Seidler Trust -- None Listed On Document
Seidler Marc P $1,900,000 Chicago Title Company
Hall David C -- None Available
Hall David C -- Fidelity National Title Co
Tracy Suzanne -- None Available
Tracy Suzanne -- Lawyers Title Company
Caroline S Geddes Family Trust -- --
Geddes Caroline S -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seidler Marc P $1,100,000
Previous Owner Seidler Marc P $1,100,000
Previous Owner Hall David C $100,000
Previous Owner Hall David C $1,000,000
Previous Owner Tracy Suzanne $1,400,000
Previous Owner Geddes Caroline S $648,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $1,900,000 -13.4% $612 / Sq Ft
06/19/2012 06/19/12 Pending -- -- --
01/24/2012 01/24/12 For Sale $2,195,000 -- $707 / 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 $24,386 $2,339,702 $861,994 $1,477,708
2023 $24,386 $2,248,851 $828,523 $1,420,328
2022 $23,530 $2,204,757 $812,278 $1,392,479
2021 $22,989 $2,161,527 $796,351 $1,365,176
2020 $22,752 $2,139,364 $788,186 $1,351,178
2019 $22,355 $2,097,417 $772,732 $1,324,685
2018 $22,038 $2,056,292 $757,581 $1,298,711
2017 $21,310 $2,015,974 $742,727 $1,273,247
2016 $20,778 $1,976,446 $728,164 $1,248,282
2014 $20,213 $1,908,626 $703,178 $1,205,448
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Chris Palme

    Coldwell Banker Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-297

Santa Barbara Multiple Listing Service

APN: 029-261-008

California Santa Barbara County Santa Barbara 93103 Lower Riviera

1115 Ferrelo Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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