NOT LISTED FOR SALE

115 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $2,120,204 - $3,066,000

2 Beds
2 Baths
933 Sq Ft
$2,836/Sq Ft Est. Value

Last Sold October 17, 2012

Last sale price $752,500 $807 Per Sq Ft

Est. 252% increase in value since last sale

Current estimated payment $15,011/month

36 Days on Market

Highlights

  • Property is near an ocean
  • Property is near public transit
  • Converted Garage
  • Santa Barbara Senior High School Rated A-
  • Cottage
  • Views

About This Home

As of October 2012

Cottage With Charm & Location. Updated & Remodeled. Adjacent To Coast Village Road with Resturants, Shopping and Quaint Boutiques. Three blocks to Biltmore & Beaches. Abundant Off-Street Parking & Motor Court. Fenced Property with Artist Studio/2-Car Garage.

Last Agent to Sell the Property

Bruce Venturelli

Sotheby's International Realty License #00683076 Listed on: 08/08/2012

Last Buyer's Agent

Bruce Venturelli

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,940

Year Built

  • Built in 1953

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Level Lot
  • Property is in good condition

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Garage
  • Converted Garage

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating System
  • Sewer Stub Out

Additional Features

  • 1-Story Property
  • Property is near an ocean
  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 009-230-028

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,940

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Directions: Coast Village Road to Olive Mill Road.
  • Prop. Type: Residential
  • Year Built: 1953
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level, Near Public Transit
  • Subdivision Name: Other
  • Architectural Style: Cal Cottage
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1953
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • ParkingGarage Converted: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • View: Setting
  • Construction Type: Stucco
  • Acres: 0.14
  • Topography: Level
  • Exterior Features: Fenced: PRT
  • Foundation Details: Slab

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Parcel #: 009-230-028
  • Zoning: R-1
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2012
Closed on
Sep 12, 2012
Sold by
Bank Of America Na
Bought by
Newquist Dana E and Eltinge Andrea M
Seller's Agent
Bruce Venturelli
Sotheby's International Realty
Buyer's Agent
Bruce Venturelli
Sotheby's International Realty
List Price
$809,900
Sold Price
$752,500
Premium/Discount to List
-$57,400
-7.09%
Current Estimated Value
$2,646,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,893,801
Avg. Annual Appreciation
9.97%
Original Mortgage
$526,750
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2012
Sold by
Wallace John and Wallace Sandra
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 24, 2006
Sold by
Rodgers Craig J
Bought by
Wallace John and Wallace Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2003
Sold by
Corona Efrain
Bought by
Rodgers Craig J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.65%
Mortgage Type
Stand Alone Second
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
Newquist Dana E $752,500 Stewart Title Of California
Bank Of America Na $838,800 Landsafe Title
Wallace John -- First American Title Company
Rodgers Craig J $800,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newquist Dana E $445,000
Closed Newquist Dana E $526,750
Previous Owner Wallace John $992,000
Previous Owner Rodgers Craig J $642,000
Previous Owner Rodgers Craig J $163,300
Previous Owner Rodgers Craig J $80,000
Previous Owner Rodgers Craig J $640,000
Previous Owner Mears Willie P $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2012 10/17/12 Sold $752,500 -7.1% $807 / Sq Ft
09/01/2012 09/01/12 Pending -- -- --
07/27/2012 07/27/12 For Sale $809,900 -- $868 / 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 $10,940 $926,638 $800,423 $126,215
2023 $10,940 $890,658 $769,343 $121,315
2022 $10,602 $873,195 $754,258 $118,937
2021 $10,407 $856,074 $739,469 $116,605
2020 $10,317 $847,297 $731,887 $115,410
2019 $10,118 $830,685 $717,537 $113,148
2018 $7,586 $585,282 $527,601 $57,681
2017 $9,705 $798,430 $689,675 $108,755
2016 $9,401 $782,775 $676,152 $106,623
2014 $8,968 $755,916 $652,951 $102,965
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Bruce Venturelli

    Sotheby's International Realty

    (805) 448-3644

    Bruce Venturelli
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-2418

Santa Barbara Multiple Listing Service

APN: 009-230-028

California Santa Barbara County Santa Barbara 93108

115 Olive Mill Rd, Santa Barbara, CA

This home is located at 115 Olive Mill Rd, Santa Barbara, CA 93108 since 08 August 2012 and is currently estimated at $2,646,301, approximately $2,836 per square foot. This property was built in 1953. 115 Olive Mill Rd is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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