NOT LISTED FOR SALE

1151 Summit Rd Santa Barbara, CA 93108

Estimated Value: $4,540,168 - $6,087,000

3 Beds
3.5 Baths
2,205 Sq Ft
$2,382/Sq Ft Est. Value

Last Sold July 19, 2018

Last sale price $3,475,000 $1,576 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $30,451/month

20 Days on Market

Highlights

  • Property is near an ocean
  • Fruit Trees
  • Multiple Fireplaces
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit, schools, shops, and bus stop
  • Mediterranean Architecture

About This Home

As of July 2018

Provincial single-level Sorrell designed Montecito home boasts beautiful craftsmanship and exquisite custom details. Full of warmth, the home features 3 bedrooms, 3.5 baths, charming country kitchen, formal dining and living rooms, and a spectacular central courtyard ideal for entertaining. Dreamy finishes throughout, the home enjoys French doors, beamed ceilings, French oak floors, top of the line appliances, 2 fireplaces, antique fixtures, incredible stonework, and 2-car garage. The meticulous gardens enjoy hedged privacy, mature olive trees, fruit orchard and imported gates at every turn! Coveted location in Montecito's lower village, convenient to the shops and restaurants of Coast Village Road.

Last Agent to Sell the Property

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 05/09/2018

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Barbara Neary

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot
  • Fruit Trees
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Mediterranean Architecture
  • Tile Roof

Interior Spaces

  • 1-Story Property
  • Multiple Fireplaces
  • Formal Dining Room
  • Laundry Room
  • Property Views

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Property is near an ocean
  • Fireplace in Patio
  • Patio

Schools

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

Additional Features

  • Property is near public transit, schools, shops, and bus stop
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 009-162-024

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Directions: Take 101 to Hot springs exit. Take Coast Village Road to Butterfly. Take Right on Summit. House is on Right.
  • Prop. Type: Residential
  • Year Built: 1970
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • Architectural Style: Medit
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1970
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.23
  • 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
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Proximity Near Bus: Yes
  • Fireplace(s):_two_3: Yes
  • Roof:Tile2: Yes
  • Style Medit2: Yes
  • Fireplace(s) Patio3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Other, 2, Patio
  • Total Bedrooms: 6

Exterior Features

  • Roof: Tile
  • View: Setting
  • Acres: 0.23
  • Topography: Level
  • Exterior Features: Patio Open, Fruit Trees

Garage/Parking

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

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 009-162-024
  • Zoning: R-1
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jul 13, 2018
Sold by
Hamron Maureen O Brtien and Vbrien Harmopn Revoc Mauyren O
Bought by
Anderson Christine
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Barbara Neary
Berkshire Hathaway HomeServices California Properties
List Price
$3,500,000
Sold Price
$3,475,000
Premium/Discount to List
-$25,000
-0.71%
Current Estimated Value
$5,252,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,777,792
Avg. Annual Appreciation
5.60%
Original Mortgage
$1,000,000
Outstanding Balance
$846,314
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,406,478

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 19, 2018
Sold by
1151 Summit Llc and Harmon Maureen Obrien
Bought by
Harmon Maureen Obrien and Brien Harmon Revocab Maureen O
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Barbara Neary
Berkshire Hathaway HomeServices California Properties
List Price
$3,500,000
Sold Price
$3,475,000
Premium/Discount to List
-$25,000
-0.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$846,314
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,406,478

Purchase Details

Closed on
Jun 24, 2011
Sold by
Sorrell Jon R and Sorrell Marie L
Bought by
1151 Summit Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2010
Sold by
Pacific Capital Bank Na
Bought by
Sorrell Jon R and Sorrell Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,600
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 1994
Sold by
Bach Eleanor Collins
Bought by
Collins Bach Eleanor and Eleanor Collins Bach Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderson Christine $3,475,000 Chicago Title Co
Harmon Maureen Obrien -- None Available
1151 Summit Llc $2,000,000 Chicago Title Company
Sorrell Jon R $1,141,000 First American Title Company
Collins Bach Eleanor -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Christine $1,000,000
Previous Owner 1151 Summit Llc $1,400,000
Previous Owner Sorrell Jon R $684,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2018 07/19/18 Sold $3,475,000 -0.7% $1,576 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $3,500,000 -- $1,587 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $40,693 $3,876,424 $1,784,828 $2,091,596
2023 $40,693 $3,725,900 $1,715,522 $2,010,378
2022 $39,263 $3,652,844 $1,681,885 $1,970,959
2021 $38,457 $3,581,220 $1,648,907 $1,932,313
2020 $38,086 $3,544,500 $1,632,000 $1,912,500
2019 $37,323 $3,475,000 $1,600,000 $1,875,000
2018 $24,323 $2,207,809 $965,916 $1,241,893
2017 $23,835 $2,164,520 $946,977 $1,217,543
2016 $23,106 $2,122,079 $928,409 $1,193,670
2015 $22,624 $2,090,204 $914,464 $1,175,740
2014 -- $2,049,260 $896,551 $1,152,709
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Marsha Kotlyar Estate Group

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4014

    79 in this area

    162 Total Sales

    Marsha Kotlyar Estate Group
    Section Image

  • B

    Buyer's Agent in 2018

    Barbara Neary

    Berkshire Hathaway HomeServices California Properties

    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-1504

Santa Barbara Multiple Listing Service

APN: 009-162-024

California Santa Barbara County Santa Barbara 93108

1151 Summit Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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