NOT LISTED FOR SALE

Estimated Value: $7,913,000 - $12,456,795

4 Beds
5.5 Baths
7,671 Sq Ft
$1,208/Sq Ft Est. Value

Last Sold December 03, 2019

Last sale price $4,125,000 $538 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $53,419/month

163 Days on Market

Highlights

  • Ocean View
  • Outdoor Pool
  • Fruit Trees
  • Cold Spring Elementary School Rated A
  • 1.25 Acre Lot
  • Maid or Guest Quarters

About This Home

As of December 2019

Located on the front perch of exclusive Pepper Hill, this palatial-style estate offers majestic ocean views, grand room proportions with high ceilings, and an elegant pool with outdoor entertaining areas. The residence's layout is designed for convenience with the primary common rooms, master suite, office/5th bedroom option and 3-car garage, all on the entry level. A lower level offers additional bedroom suites, a separate entry guest quarters, recreation room, sauna/exercise room, wine cellar and outdoor kitchen. Ideal for dual living and/or large-scale entertaining! Pepper Hill is a private enclave in a safe convenient Montecito location, near to services, restaurants and beaches.

Last Agent to Sell the Property

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 05/08/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Randy Glick

Berkshire Hathaway HomeServices California Properties License #00950129

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,807

Year Built

  • Built in 1988

Lot Details

  • 1.25 Acre Lot
  • Gated Home
  • Back Yard Fenced
  • Lot Has A Rolling Slope
  • Fruit Trees
  • Property is in excellent condition

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,671 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Home Gym
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Built-In Double Oven
  • Built-In Range
  • Stove

Flooring

  • Carpet
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Outdoor Features

  • Outdoor Pool
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 009-021-037

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,807

Year Built

Built in 1988

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Association Fee: $800/year
  • Directions: Alston to Glenview, then 1147 is 1 block on Glenview on the right.
  • Prop. Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Rolling Slope
  • ResoSecurityFeatures: Gate:Elec
  • Reso Association Fee Includes: Other
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Marble, Stone
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1988
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.25
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Rolly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Rooms Family Room4: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Exercise Room2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Condition Good2: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Style Medit2: Yes
  • Rooms LbryStudy: Yes
  • Appliances Included Central Vac2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, Central Vac, Double Oven, Gas Stove
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, Family Room, 2+, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean
  • Construction Type: Stucco
  • Acres: 1.25
  • Topography: Rolly
  • Exterior Features: Pool, Fruit Trees, Fenced: BCK
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3, Interior Access

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 009-021-037
  • Zoning: R-1
  • Lot Size Sq Ft: 54450.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Nov 27, 2019
Sold by
Yoo Eunju
Bought by
Elings Jeffrey R
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Randy Glick
Berkshire Hathaway HomeServices California Properties
List Price
$4,950,000
Sold Price
$4,125,000
Premium/Discount to List
-$825,000
-16.67%
Current Estimated Value
$9,265,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,140,949
Avg. Annual Appreciation
14.59%
Original Mortgage
$1,625,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2019
Closed on
Oct 24, 2019
Sold by
Elings Jeffrey R
Bought by
Hochman Daniel E
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Randy Glick
Berkshire Hathaway HomeServices California Properties
List Price
$4,950,000
Sold Price
$4,125,000
Premium/Discount to List
-$825,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,625,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2000
Sold by
Messori Roland and Messori Dolores
Bought by
Elings Jeffrey R

Purchase Details

Closed on
Jun 10, 1999
Sold by
Ting Liu
Bought by
Messori Roland and Messori Delores

Purchase Details

Closed on
Apr 22, 1999
Sold by
Liu Ting
Bought by
Liu Ting

Purchase Details

Closed on
Aug 1, 1996
Sold by
Messori Roland and Messori Dolores
Bought by
Liu Ting

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
8.33%
Mortgage Type
Seller Take Back
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
Elings Jeffrey R -- First American Title Company
Hochman Daniel E $4,125,000 First American Title Company
Elings Jeffrey R $2,555,000 Equity Title Company
Messori Roland -- Lawyers Title Company
Liu Ting -- --
Liu Ting -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hochman 2009 Trust $1,378,165
Closed Hochman Daniel E $1,625,000
Previous Owner Morton Diane $41,600
Previous Owner Messori Roland $500,000
Previous Owner Liu Ting $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2019 12/03/19 Sold $4,125,000 -16.7% $538 / Sq Ft
10/17/2019 10/17/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $4,950,000 0.0% $645 / Sq Ft
01/15/2013 01/15/13 Rented $11,000 -8.3% --
01/04/2013 01/04/13 Under Contract -- -- --
11/27/2012 11/27/12 For Rent $12,000 -- --
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 $47,807 $4,511,287 $1,859,197 $2,652,090
2023 $47,807 $4,336,109 $1,787,002 $2,549,107
2022 $46,218 $4,251,088 $1,751,963 $2,499,125
2021 $45,268 $4,167,734 $1,717,611 $2,450,123
2020 $44,511 $4,125,000 $1,700,000 $2,425,000
2019 $38,239 $3,513,444 $1,653,385 $1,860,059
2018 $37,519 $3,444,554 $1,620,966 $1,823,588
2017 $36,811 $3,377,015 $1,589,183 $1,787,832
2016 $35,700 $3,310,800 $1,558,023 $1,752,777
2014 $34,569 $3,197,191 $1,504,560 $1,692,631
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-1605

Santa Barbara Multiple Listing Service

APN: 009-021-037