NOT LISTED FOR SALE

Estimated Value: $3,245,000 - $5,828,832

1.01 Acres
$4,057,879 Price per Acre
43,996 Sq Ft Lot

Last Sold December 28, 2018

Last sale price $1,600,000

Est. 156% increase in value since last sale

Current estimated payment $24,881/month

574 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Level Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near a park

About This Lot

As of December 2018

Incredible opportunity to build a Montecito estate in MUS. This wonderfully located view lot comes with existing plans that were previously approved by the Montecito Board of Architectural Review. This walled and gated estate sits on over 1 acre above the Montecito Country Club. The original plans boasted a 5 bed, 6 ½ bath main residence w/ elevator; a 2 bed, 2 bath cabana; pool; 3-car garage & much more. All located in the coveted Montecito Union School District (1 of 3 homes on Alston w/in MUS). Land Use Permit was previously granted (now expired), water meter is in, retaining walls are in and approved, soil is compacted already. The completion of structural engineering & energy plans are still pending allowing the buyer to reconfigure the home to suit their desire.

Last Agent to Sell the Property

Kevin Goodwin

Goodwin & Thyne Properties License #01376204 Listed on: 12/07/2017

Last Buyer's Agent

Sofie Langhorne

Compass License #01851983

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $32,671

Lot Details

  • 1.01 Acre Lot
  • Level Lot
  • Property is zoned E-1

Property Views

  • Ocean
  • Woods
  • Peek-A-Boo
  • Mountain

Outdoor Features

  • Property is near an ocean

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Underground Utilities
  • Gas Available
  • Sewer Stub Out
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 009-101-011

Property Details

Property Type

Land

Est. Annual Taxes

$32,671

Lot Details

0

Listing Details

  • Directions: Take Hot Springs toward mountains, turn LEFT onto Alston Road, property is on your LEFT
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level
  • Subdivision Name: Other
  • Property Information Apx # Acres: 1.01
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Site Improvements Telephone3: Yes
  • Site Improvements Util At Site: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • Utility Info Telephone2: Yes
  • Utility Info Cable2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • Site Improvements Cable TV3: Yes
  • View PartialFiltered2: Yes
  • WaterSewer Meter In: Yes
  • Utility Info Gas6: Yes
  • Site Improvements Gas7: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Wooded, Partial/Filtered, Setting
  • Acres: 1.01
  • Topography: Level

Utilities

  • Utilities: Underground Utilities
  • Water Source: Meter In, Mont Wtr

Schools

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

Lot Info

  • Parcel #: 009-101-011
  • Zoning: E-1
  • Lot Size Sq Ft: 43995.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2017
Closed on
Dec 17, 2018
Sold by
Hilzer Barret W and Hilzer Suellen
Bought by
Agler Bradford H
Seller's Agent
Kevin Goodwin
Goodwin & Thyne Properties
Buyer's Agent
Sofie Langhorne
Compass
List Price
$2,150,000
Sold Price
$1,600,000
Premium/Discount to List
-$550,000
-25.58%
Current Estimated Value
$4,098,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,498,458
Avg. Annual Appreciation
15.05%

Purchase Details

Closed on
Jan 5, 2017
Sold by
Bissell Joseph
Bought by
Hilzer Barret W and Hilzer Suellen

Purchase Details

Closed on
Feb 17, 2004
Sold by
Browne Robin E
Bought by
Bissell Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.62%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 30, 2002
Sold by
Vickers Keven R and Margaret Vickers P
Bought by
Vickers Keven R and Margaret Vickers P

Purchase Details

Closed on
Apr 24, 2002
Sold by
Vickers Keven R and Margaret Vickers P
Bought by
Browne Robin E
Source: Public Records

Range of Values:

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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
Agler Bradford H $1,600,000 First American Title Co
Hilzer Barret W $1,800,000 Wfg National
Bissell Joseph W -- Chicago Title Company
Vickers Keven R -- Chicago Title Co
Browne Robin E -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradford H Agler Living Trust $750,000
Previous Owner Bissell Joseph $1,347,500
Previous Owner Bissell Joseph $1,225,000
Previous Owner Bissell Joseph W $5,000
Previous Owner Bissell Joseph W $500,000
Previous Owner Bissell Joseph W $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $1,600,000 -25.6% --
12/07/2018 12/07/18 Pending -- -- --
05/12/2017 05/12/17 For Sale $2,150,000 -- --
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 $32,671 $5,384,827 $1,723,277 $3,661,550
2023 $32,671 $1,715,521 $1,608,302 $107,219
2022 $17,647 $1,681,884 $1,576,767 $105,117
2021 $17,276 $1,648,906 $1,545,850 $103,056
2020 $17,100 $1,632,000 $1,530,000 $102,000
2019 $16,576 $1,600,000 $1,500,000 $100,000
2018 $17,958 $1,734,000 $1,632,000 $102,000
2017 $12,789 $1,229,538 $1,137,190 $92,348
2016 $12,451 $1,205,431 $1,114,893 $90,538
2014 $12,093 $1,164,069 $1,076,636 $87,433
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-1576

Santa Barbara Multiple Listing Service

APN: 009-101-011