$1,625,000
SOLD JUN 6, 2014

1181 Summit Rd Santa Barbara, CA 93108

2 Beds
2 Baths
1,492 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$1,089 Per Sq Ft

4% Below List Price

31 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Laundry Facilities
  • Santa Barbara Senior High School Rated A-
  • Combination Dining and Living Room
  • Heating System Mounted To A Wall or Window

About This Home

As of September 2017

Amazing opportunity awaits with this charming cottage in one of the most sought after Montecito neighborhoods. The home has approved plans for additions including a master bedroom bath suite,dining room, garage and bonus studio. It is ready to go for the buyer who wants a larger home within walking distance to the beach and lower village or simply enjoy it as he perfect pieds-�-terre.

Last Agent to Sell the Property

Calcagno & Hamilton

Sotheby's International Realty Listed on: 04/15/2014

Last Buyer's Agent

Kathy Marvin

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,396

Year Built

  • Built in 1900

Interior Spaces

  • 1,492 Sq Ft Home
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 009-162-035

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,396

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1900
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Common Area
  • Subdivision Name: Other
  • Reso Flooring: Hardwood
  • Property Information Year Built2: 1900
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Within City Limits: No
  • Dining Dining Area2: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Laundry Common Area2: Yes
  • Dining In Living Room2: Yes
  • Heating Wall: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: LR

Utilities

  • Heating: Wall
  • HeatingYN: Yes
  • Water Source: Mont Wtr

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 009-162-035
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Sep 15, 2017
Sold by
Wilson David J and Wilson Amy C
Bought by
Finamore Suzanne and Suzanne Finamore Revocable Liv
Seller's Agent
Kathleen Marvin
Coldwell Banker Realty
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$3,800,000
Sold Price
$3,710,000
Premium/Discount to List
-$90,000
-2.37%
Current Estimated Value
$5,328,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,618,633
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Sep 2, 2014
Sold by
Wilson David J and Wilson Amy C
Bought by
David & Amy Wilson Family Trust and Wilson Amy C

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 29, 2014
Sold by
Rudd Charles R and Gerlach Inken
Bought by
Wilson David J and Wilson Amy C
Seller's Agent
Calcagno & Hamilton
Sotheby's International Realty
Buyer's Agent
Kathy Marvin
Coldwell Banker Realty
List Price
$1,695,000
Sold Price
$1,625,000
Premium/Discount to List
-$70,000
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$1,300,000
Interest Rate
4.27%

Purchase Details

Listed on
Jul 30, 2013
Closed on
Aug 30, 2013
Sold by
Gring Peter Houghton and Gring Katharine Hooker
Bought by
Rudd Charles R and Gerlach Inken
Seller's Agent
Jim Witmer
Village Properties
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$1,300,000
Sold Price
$1,400,000
Premium/Discount to List
$100,000
7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.31%

Purchase Details

Closed on
May 26, 2011
Sold by
Gring Katherine Hooker
Bought by
Gring Peter Houghton and Gring Katherine Hooker

Purchase Details

Closed on
Dec 22, 2010
Sold by
Gring Katherine Hooker
Bought by
Houghton Peter and Gring Katherine Hooker
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,710,000 Chicago Title Company
Warranty Deed -- None Available
Warranty Deed -- Fidelity National Title
Warranty Deed $1,625,000 Fidelity National Title Co
Warranty Deed $1,400,000 First American Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,300,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2017 09/19/17 Sold $3,710,000 -2.4% $2,487 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $3,800,000 +133.8% $2,547 / Sq Ft
06/06/2014 06/06/14 Sold $1,625,000 -4.1% $1,089 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $1,695,000 +21.1% $1,136 / Sq Ft
09/10/2013 09/10/13 Sold $1,400,000 +7.7% $938 / Sq Ft
08/15/2013 08/15/13 Pending -- -- --
07/30/2013 07/30/13 For Sale $1,300,000 -- $871 / 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 $19,396 $1,762,130 $879,232 $882,898
2023 $19,396 $1,693,707 $845,092 $848,615
2022 $18,755 $1,660,498 $828,522 $831,976
2021 $18,386 $1,627,940 $812,277 $815,663
2020 $18,219 $1,611,249 $803,949 $807,300
2019 $17,844 $1,579,657 $788,186 $791,471
2018 $17,524 $1,548,684 $772,732 $775,952
2017 $23,648 $2,146,397 $1,557,961 $588,436
2016 $20,299 $1,847,743 $1,527,413 $320,330
2015 $18,187 $1,657,467 $1,504,470 $152,997
2014 $15,595 $1,400,000 $1,250,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-1153

Santa Barbara Multiple Listing Service

APN: 009-162-035