Seller's Agent in 2019
Robert Riskin
Village Properties
(805) 698-0199
140 in this area
210 Total Sales
1167 Summit Rd Montecito, CA 93108
Estimated Value: $6,034,000 - $9,178,000
5
Beds
8
Baths
5,743
Sq Ft
$1,405/Sq Ft
Est. Value
Highlights
- Ocean View
- Guest House
- Property is near an ocean
- Santa Barbara Senior High School Rated A-
- Pool House
- Estate
About This Home
As of October 2019Nestled just above Butterfly Beach and Montecito's Lower Village, this historic home recently emerged from an elaborate restoration and has all the modern spaces and amenities we crave. The oversized kitchen/great room opens to the pool, grounds, and outdoor bbq to create incredible indoor/outdoor experiences. With an oversized island and ample seating, the kitchen is the perfect place to snack, create, and spectate. The open floor plan connects the spacious dining room to the living room and north gardens beyond. Upstairs, the master suite enjoys peeks of the Pacific and cool ocean breezes. An attached guest house/cabana offers incredible options for work & play. Throughout the grounds, delightful garden districts provide beautiful spaces to enjoy year-round blooms.
Last Agent to Sell the Property
Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 10/29/2018
Last Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
Home Details
Home Type
- Single Family
Year Built
- Built in 1911
Lot Details
- 0.91 Acre Lot
- Fenced
- Level Lot
- Fruit Trees
- Lawn
- Property is in excellent condition
Parking
- Detached Garage
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Estate
- Slab Foundation
- Tile Roof
- Composition Roof
- Stucco
Interior Spaces
- 5,743 Sq Ft Home
- 2-Story Property
- Multiple Fireplaces
- Free Standing Fireplace
- Double Pane Windows
- Family Room with Fireplace
- Formal Dining Room
- Library
- Monitored
- Laundry Room
- Basement
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Built-In Double Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
- Reverse Osmosis System
Flooring
- Wood
- Stone
- Marble
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Remodeled Bathroom
Pool
- Pool House
- Outdoor Pool
Outdoor Features
- Property is near an ocean
- Covered Patio or Porch
- Fireplace in Patio
- Built-In Barbecue
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating System
- Water Softener is Owned
- Sewer Stub Out
Additional Features
- Guest House
- Property is near public transit, shops, and bus stop
Listing and Financial Details
- Exclusions: Other
- Assessor Parcel Number 009-162-038
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2018
Closed on
Aug 28, 2019
Sold by
Ryan Timothy A and Ryan Melissa S
Bought by
Perkins Alec H and Perkins Serena
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$6,350,000
Sold Price
$5,550,000
Premium/Discount to List
-$800,000
-12.6%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,518,378
Avg. Annual Appreciation
6.16%
Original Mortgage
$3,330,000
Outstanding Balance
$2,821,727
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$5,246,651
Purchase Details
Listed on
Jun 4, 2013
Closed on
Dec 13, 2013
Sold by
Maxwell Jack W and Maxwell Pauline
Bought by
The Ryan Management Trust and Ryan Melissa S
Seller's Agent
Jack Maxwell
Village Properties - 1
Buyer's Agent
Robert Riskin
Village Properties
List Price
$5,695,000
Sold Price
$4,875,804
Premium/Discount to List
-$819,196
-14.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.27%
Original Mortgage
$3,900,643
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 4, 2013
Closed on
Dec 5, 2013
Sold by
Starnes Rick
Bought by
Maxwell Jack W and Maxwell Pauline
Seller's Agent
Jack Maxwell
Village Properties - 1
Buyer's Agent
Robert Riskin
Village Properties
List Price
$5,695,000
Sold Price
$4,875,804
Premium/Discount to List
-$819,196
-14.38%
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | The Ryan Management Trust | $3,900,643 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/11/2019 10/11/19 | Sold | $5,550,000 | -12.6% | $966 / Sq Ft | |
| 07/30/2019 07/30/19 | Pending | -- | -- | -- | |
| 10/29/2018 10/29/18 | For Sale | $6,350,000 | +30.2% | $1,106 / Sq Ft | |
| 01/03/2014 01/03/14 | Sold | $4,875,804 | -14.4% | $617 / Sq Ft | View Prior Sale |
| 11/16/2013 11/16/13 | Pending | -- | -- | -- | |
| 06/04/2013 06/04/13 | For Sale | $5,695,000 | -- | $721 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Robert Riskin
-
D
Buyer's Agent in 2019
Daniel Encell
Berkshire Hathaway HomeServices California Properties
-
Dan Encell
Buyer's Agent in 2019
Dan Encell
Berkshire Hathaway HomeServices California Properties
(805) 677-2013
37 in this area
112 Total Sales
-
Laurel Abbott
Buyer Co-Listing Agent in 2019
Laurel Abbott
Berkshire Hathaway HomeServices California Properties
(805) 969-5026
2 in this area
28 Total Sales
-
J
Seller's Agent in 2014
Jack Maxwell
Village Properties - 1
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 18-3895
APN: 009-162-038
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