NOT LISTED FOR SALE

Estimated Value: $6,236,000 - $10,155,090

4 Beds
6 Baths
3,918 Sq Ft
$2,097/Sq Ft Est. Value

Last Sold July 07, 2020

Last sale price $4,300,000 $1,097 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $50,807/month

17 Days on Market

Highlights

  • Ocean View
  • Outdoor Pool
  • 1.21 Acre Lot
  • Cold Spring Elementary School Rated A
  • Property is near an ocean
  • Deck

About This Home

As of July 2020

This is the perfect opportunity to build your dream home and most of the work has already been done for you! Panoramic ocean views abound from this excellent location on the highly desirable Pepper Hill, sitting on over an acre and poised to take the best advantage of the views of the Pacific Ocean, the harbor, the coastline, and wooded areas below. This lot sits about 400 feet above sea level and feels remarkably close to the ocean. Directly below this home is the Montecito Country Club golf course which has minimal lighting, so sunrises and sunsets are not affected by artificial lighting and are truly an ever changing-light and color show. All concrete work, inner slab plumbing, and electrical have been completed; the hard part is done! All approvals, plan reviews, geology inspections just to mention a few, have also been completed; all you need to do is choose the finishes and interior design to make it your own.

At just over 4,000 square feet, the home has two large master suites, one on each floor. The home has two additional guest bedrooms with ensuite bathrooms, as well as a living room on each level; both levels are surrounded by wraparound decks with 180 degree views of the ocean. Enjoy the sunken garden, sunbathe by the pool, or have lunch in the pool grotto while soaking in the spectacular views. Don't miss this opportunity to come in and benefit from the years of work that has already been spent on this project. The quality of construction is second to none with approximately 38 concrete and steel caissons extending 30+ feet into the ground.

Last Agent to Sell the Property

Michael Calcagno

Berkshire Hathaway HomeServices California Properties License #01499736 / 01129919 Listed on: 05/21/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Chris Palme

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,311

Year Built

  • Built in 2020

Lot Details

  • 1.21 Acre Lot
  • Steep Slope
  • Hilly Lot
  • Property is in excellent condition

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City
  • Woods

Interior Spaces

  • 3,918 Sq Ft Home
  • Family Room
  • Dining Area

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Outdoor Pool
  • Property is near an ocean
  • Deck
  • Covered Patio or Porch

Location

  • Property is near schools
  • Property is near shops

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 009-021-038

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,311

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2020
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Steep Slope
  • Architectural Style: Other
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2020
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.21
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Panoramic2: Yes
  • LocationTopo Hilly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • GroundsLandscaping Pool: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Dining Area2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • Pets Yes: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • View Harbor2: Yes
  • View City4: Yes
  • LocationTopo Steep2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • View: Ocean, City, Harbor, Wooded, Panoramic
  • Acres: 1.21
  • Topography: Steep, Hilly
  • Exterior Features: Pool, Deck, Patio Covered

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 009-021-038
  • Zoning: R-1
  • Lot Size Sq Ft: 52707.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Jun 26, 2020
Sold by
Riviera Oaks Properties Llc
Bought by
Witte Owen and Witte Jami
Seller's Agent
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Chris Palme
Coldwell Banker Realty
List Price
$4,300,000
Sold Price
$4,300,000
Current Estimated Value
$8,217,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,917,273
Avg. Annual Appreciation
13.46%

Purchase Details

Listed on
Aug 23, 2017
Closed on
Dec 13, 2017
Sold by
Pattillo James G
Bought by
Riviera Oaks Properties Llc
Seller's Agent
David McIntire
Village Properties
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$2,695,000
Sold Price
$2,480,000
Premium/Discount to List
-$215,000
-7.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.98%

Purchase Details

Closed on
Mar 10, 2004
Sold by
Pattillo James L and Pattillo Helen G
Bought by
Pattillo James L and Pattillo Helen G
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
Witte Owen $4,300,000 Fidelity National Title Co
Riviera Oaks Properties Llc $2,480,000 Wfg National Title Ins Co
Pattillo James L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2020 07/07/20 Sold $4,300,000 0.0% $1,097 / Sq Ft
06/07/2020 06/07/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $4,300,000 +73.4% $1,097 / Sq Ft
12/15/2017 12/15/17 Sold $2,480,000 -8.0% $861 / Sq Ft
11/18/2017 11/18/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $2,695,000 -- $936 / 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 $84,311 $8,087,777 $3,238,889 $4,848,888
2023 $84,311 $7,773,720 $3,113,120 $4,660,600
2022 $71,574 $6,686,000 $3,056,000 $3,630,000
2021 $46,556 $4,300,000 $2,800,000 $1,500,000
2020 $19,697 $1,735,287 $1,352,520 $382,767
2019 $27,975 $2,529,600 $1,326,000 $1,203,600
2018 $27,456 $2,480,000 $1,300,000 $1,180,000
2017 $3,889 $236,998 $73,912 $163,086
2016 $3,759 $232,352 $72,463 $159,889
2014 $3,492 $224,381 $69,977 $154,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1848

Santa Barbara Multiple Listing Service

APN: 009-021-038