NOT LISTED FOR SALE

Estimated Value: $5,802,000 - $6,479,000

3 Beds
0.5 Bath
-- Sq Ft
1.36 Acres

Last Sold November 30, 2017

Last sale price $3,200,000

Est. 94% increase in value since last sale

Current estimated payment $36,902/month

Highlights

  • Ocean View
  • Property is near an ocean
  • Contemporary Architecture
  • Cold Spring Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Formal Dining Room

About This Home

As of August 2018

Located in the coveted Pepper Hill area of Montecito, this light and bright single level Spanish Contemporary home offers tremendous ocean and island views. This three bedroom, two and a half bath plus den home offers new kitchen appliances, new carpet and lots of outdoor patios to enjoy the expansive views.
Three fireplaces, including one in the master, and a huge living room create an inviting space for entertaining and peaceful living.
Ideal couple or family home located in the Cold Springs school district. Plenty of mature fruit trees on property including oranges, lemons and grapefruit. Ample square feet of living space.

Last Agent to Rent the Property

Billy Mandarino

Billy Mandarino, Broker License #01505978 Listed on: 03/04/2018

Last Renter's Agent

Billy Mandarino

Billy Mandarino, Broker License #01505978 Listed on: 03/04/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,697

Year Built

  • Built in 1983

Lot Details

  • Lot Sloped Down
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Harbor

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture

Interior Spaces

  • Skylights
  • Living Room with Fireplace
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • 0.5 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near schools
  • Property is near shops

Additional Features

  • Stepless Entry
  • Property is near an ocean
  • Forced Air Heating System

Listing and Financial Details

  • Property Available on 9/1/18

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,697

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Unfurnished
  • ResoLaundryFeatures: Laundry Room
  • Architectural Style: Contemporary, Medit
  • Reso Flooring: Tile
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs)
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Property Information:Date Available: 2018-09-01
  • Property Information Total Bathrooms2: 2.5
  • Dining Breakfast Bar: Yes
  • Laundry Laundry Room: Yes
  • Fireplace(s) Living Room: Yes
  • Property Information Year Built3: 1983
  • Style Medit: Yes
  • ParkingGarage Gar #23: Yes
  • ViewHarbor: Yes
  • View Ocean2: Yes
  • LocationTopo Downslope: Yes
  • Proximity Near Ocean: Yes
  • Proximity Near School(s): Yes
  • Proximity Near Shopping: Yes
  • Security Fire Alarm: Yes
  • Security Smoke Detector(s): Yes
  • HeatingCooling GFA2: Yes
  • Dining Formal: Yes
  • Amenities Remodeled Bath: Yes
  • FlrWdw Coverings Carpet2: Yes
  • FlrWdw Coverings Tile: Yes
  • Construction Entry Lvl(No Stairs): Yes
  • Pets Maybe: Yes
  • Appliances Included Double Oven: Yes
  • Fireplace(s) Master Bedroom: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Microwave, Refrigerator, Washer
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Master Bedroom
  • Appliances Included:Dryer: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • View: Harbor, Ocean

Garage/Parking

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

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Amenities:Skylight: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Nov 17, 2017
Sold by
Nussbaum Anne S and Nussbaum Paul G
Bought by
Tammela Jonathan E and Tammela Karen D
Seller's Agent
John Henderson
Village Properties
Buyer's Agent
Sheela Hunt
Berkshire Hathaway HomeServices California Properties
List Price
$3,495,000
Sold Price
$3,200,000
Premium/Discount to List
-$295,000
-8.44%
Current Estimated Value
$6,198,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,998,254
Avg. Annual Appreciation
8.87%
Original Mortgage
$3,000,000
Interest Rate
3.88%
Mortgage Type
New Conventional
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
Tammela Jonathan E $3,200,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jonathan E Tammela E $500,000
Open Jonathan E Tammela E $4,090,000
Closed Tammela Jonathan E $2,450,000
Closed Tammela Jonathan E $3,000,000
Previous Owner Nussbaum Helen G $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2018 08/05/18 Rented $8,500 -22.7% --
08/05/2018 08/05/18 Under Contract -- -- --
03/04/2018 03/04/18 For Rent $11,000 0.0% --
11/30/2017 11/30/17 Sold $3,200,000 -8.4% --
10/16/2017 10/16/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $3,495,000 -- --
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 $40,697 $5,028,142 $2,503,221 $2,524,921
2023 $40,697 $2,646,620 $2,406,019 $240,601
2022 $37,597 $3,431,044 $2,358,843 $1,072,201
2021 $36,829 $3,363,770 $2,312,592 $1,051,178
2020 $36,218 $3,329,280 $2,288,880 $1,040,400
2019 $35,638 $3,264,000 $2,244,000 $1,020,000
2018 $34,969 $3,200,000 $2,200,000 $1,000,000
2017 $12,809 $1,089,588 $471,867 $617,721
2016 $12,413 $1,068,224 $462,615 $605,609
2014 $11,911 $1,031,571 $446,742 $584,829
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: RN-14404

Santa Barbara Multiple Listing Service

APN: 009-021-035