NOT LISTED FOR SALE

Estimated Value: $5,690,000 - $8,323,000

4 Beds
4 Baths
2,917 Sq Ft
$2,511/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $5,900,000 $2,023 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $44,872/month

31 Days on Market

Highlights

  • Ocean View
  • Outdoor Pool
  • Fireplace in Primary Bedroom
  • Cold Spring Elementary School Rated A
  • 1.31 Acre Lot
  • Contemporary Architecture

About This Home

As of September 2021

Perched above the Santa Barbara coastline, with breathtaking ocean views from every room, this south-facing contemporary home blends seamlessly into the natural beauty of the Pepper Hill area of Montecito. Situated on a lush landscaped 1.3-acre lot, just minutes from Lower Village, this stunning 4 bedroom/ 4 bathroom home embodies elevated coastal ease. This home offers voluminous ceilings, exposed beams, an open floor plan, private balconies, hardwood floors, and an impressive lower guest wing leading to numerous verandas. The backyard oasis is complete with a private well and resort-like amenities crafted for zen moments. With multiple expansive sun decks and the opportunity to add a sports court or additional gardens, this rare Montecito bungalow is unlike any other.

Last Agent to Sell the Property

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 08/01/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Josiah Hamilton

Berkshire Hathaway HomeServices California Properties License #01415235

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $65,676

Year Built

  • Built in 1981

Lot Details

  • 1.31 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Stucco

Interior Spaces

  • 2,917 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Breakfast Area or Nook
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • 4 Full Bathrooms

Parking

  • Garage
  • Uncovered Parking

Outdoor Features

  • Outdoor Pool
  • Patio

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating System
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 009-021-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$65,676

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1981
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Architectural Style: Contemporary
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1981
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.31
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Skylight2: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Construction Two Story2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Style:Contemporary2: Yes
  • Fireplace(s):_two_3: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, 2, LR

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Ocean, Panoramic
  • Construction Type: Stucco
  • Acres: 1.31
  • Topography: Level
  • Exterior Features: Pool, Patio Open, Lawn, Fenced: BCK
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Unc #4

Utilities

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

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 009-021-042
  • Zoning: R-1
  • Lot Size Sq Ft: 57063.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2023
Sold by
Shrout Travis and Shrout Katherine
Bought by
Shrout Living Trust
Current Estimated Value
$7,195,824

Purchase Details

Listed on
Aug 1, 2021
Closed on
Sep 17, 2021
Sold by
Montesano Gene and The Gene Montesano 2010 Trust
Bought by
Shrout Travis and Shrout Katherine
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Josiah Hamilton
Berkshire Hathaway HomeServices California Properties
List Price
$5,995,000
Sold Price
$5,900,000
Premium/Discount to List
-$95,000
-1.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$1,500,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 3, 2010
Sold by
Montesano Gene
Bought by
Montesano Gene

Purchase Details

Closed on
Jan 15, 2010
Sold by
Montesano Arlene
Bought by
Montesano Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2007
Sold by
Dimen J Joshua and Dimen Ellen L
Bought by
Montesano Gene and Montesano Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,325,000
Interest Rate
6.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2004
Sold by
Mccutcheon Virginia G
Bought by
Dimen J Joshua and Dimen Ellen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Shrout Living Trust -- None Listed On Document
Shrout Travis $5,900,000 Chicago Title Company
Montesano Gene -- None Available
Montesano Gene -- First American Title Company
Montesano Gene -- First American Title Company
Montesano Gene -- Lawyers Title Company
Dimen J Joshua -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shrout Travis $1,500,000
Previous Owner Shrout Travis $2,500,000
Previous Owner Montesano Gene $729,750
Previous Owner Montesano Gene $2,325,000
Previous Owner Dimen J Joshua $650,000
Closed Dimen J Joshua $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $5,900,000 -1.6% $2,023 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $5,995,000 0.0% $2,055 / Sq Ft
06/09/2015 06/09/15 Rented -- -- --
05/10/2015 05/10/15 Under Contract -- -- --
04/08/2015 04/08/15 For Rent $12,000 0.0% --
10/20/2014 10/20/14 Rented $12,000 0.0% --
09/20/2014 09/20/14 Under Contract -- -- --
07/28/2014 07/28/14 For Rent $12,000 +41.2% --
10/15/2012 10/15/12 Rented $8,500 -19.0% --
09/15/2012 09/15/12 Under Contract -- -- --
09/12/2012 09/12/12 For Rent $10,500 -- --
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 $65,676 $6,261,126 $3,395,865 $2,865,261
2023 $65,676 $6,018,000 $3,264,000 $2,754,000
2022 $63,439 $5,900,000 $3,200,000 $2,700,000
2021 $44,933 $4,144,000 $2,960,000 $1,184,000
2020 $40,716 $3,767,000 $2,691,000 $1,076,000
2019 $40,812 $3,767,000 $2,691,000 $1,076,000
2018 $42,876 $3,965,000 $2,832,000 $1,133,000
2017 $42,890 $3,965,000 $2,832,000 $1,133,000
2016 $40,443 $3,776,000 $2,697,000 $1,079,000
2014 $37,926 $3,526,000 $2,518,000 $1,008,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2866

Santa Barbara Multiple Listing Service

APN: 009-021-042