NOT LISTED FOR SALE

1163 Summit Rd Montecito, CA 93108

Estimated Value: $6,154,000 - $10,368,188

4 Beds
8 Baths
5,464 Sq Ft
$1,567/Sq Ft Est. Value

About This Home

This home is located at 1163 Summit Rd, Montecito, CA 93108 and is currently estimated at $8,560,297, approximately $1,566 per square foot. 1163 Summit 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2019
Sold by
Ryan Timothy A and Ryan Melissa S
Bought by
Perkins Alec H and Perkins Serena
Current Estimated Value
$8,490,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,330,000
Outstanding Balance
$2,829,238
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$5,731,059

Purchase Details

Closed on
Dec 13, 2013
Sold by
Maxwell Jack W and Maxwell Pauline
Bought by
The Ryan Management Trust and Ryan Melissa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,643
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2013
Sold by
Starnes Rick
Bought by
Maxwell Jack W and Maxwell Pauline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,900,643
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Perkins Alec H $5,550,000 Chicago Title Company
The Ryan Management Trust $4,876,000 Chicago Title Company
Maxwell Jack W -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perkins Alec H $3,330,000
Previous Owner Ryan Timothy A $3,860,000
Previous Owner The Ryan Management Trust $3,900,643
Source: Public Records

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 $63,716 $6,069,731 $2,187,290 $3,882,441
2023 $63,716 $5,834,037 $2,102,355 $3,731,682
2022 $61,520 $5,719,645 $2,061,133 $3,658,512
2021 $60,258 $5,607,496 $2,020,719 $3,586,777
2020 $59,644 $5,550,000 $2,000,000 $3,550,000
2019 $57,521 $5,358,103 $2,197,833 $3,160,270
2018 $56,436 $5,253,043 $2,154,739 $3,098,304
2017 $55,368 $5,150,043 $2,112,490 $3,037,553
2016 $53,664 $5,049,063 $2,071,069 $2,977,994
2015 $52,702 $4,973,222 $2,039,960 $2,933,262
2014 $32,446 $2,994,742 $2,202,593 $792,149
Source: Public Records

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