NOT LISTED FOR SALE

1186 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $3,902,000 - $4,668,000

2.94 Acres
$1,437,440 Price per Acre
128,066 Sq Ft Lot

Last Sold February 05, 2021

Last sale price $2,750,000 $2,471 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $24,644/month

8 Days on Market

Highlights

  • Ocean View
  • Cold Spring Elementary School Rated A+
  • 2.94 Acre Lot

About This Lot

As of February 2021

Nearly three acres, with stunning, ocean, island and coastline views, in a premiere Montecito location between Picacho Lane and Riven Rock. Overlooking all of Montecito, this property enjoys majestic oaks and open meadows. Prior to the Thomas Fire, there had been a main house, guest house and pool. Driveway and all utilities are on site. Surrounded by multi-million dollar estates.

Last Agent to Sell the Property

Dan Encell

Berkshire Hathaway HomeServices California Properties License #00976141 Listed on: 10/07/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Daniel Encell

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Lot Details

  • 2.94

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Ocean Views
  • 2.94 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 011-020-005

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Property Information Apx # Acres: 2.94
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • ViewOcean: Yes
  • View Other27: Yes
  • WaterSewer Meter In: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Other, Ocean
  • Acres: 2.94

Utilities

  • Water Source: Meter In

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 011-020-005
  • Zoning: Other
  • Lot Size Sq Ft: 128066.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Feb 3, 2021
Sold by
Cleveland Barbara L and The Richard C Cleveland Trust
Bought by
H & K Capital Llc
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$2,995,000
Sold Price
$2,750,000
Premium/Discount to List
-$245,000
-8.18%
Current Estimated Value
$4,226,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,476,074
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Mar 17, 1999
Sold by
Cleveland Barbara
Bought by
Cleveland Richard C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
H & K Capital Llc $2,750,000 Chicago Title Company
Cleveland Richard C -- Lawyers Title Company
Cleveland Richard C -- Lawyers Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $2,750,000 -8.2% $2,471 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $2,995,000 -- $2,691 / 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 $30,547 $2,976,687 $2,922,566 $54,121
2023 $30,547 $2,861,100 $2,809,080 $52,020
2022 $29,450 $2,805,000 $2,754,000 $51,000
2021 $1,075 $99,586 $99,586 $0
2020 $1,057 $98,565 $98,565 $0
2019 $1,043 $96,634 $96,634 $0
2018 $820 $75,780 $75,780 $0
2017 $4,844 $456,416 $93,651 $362,765
2016 $4,746 $447,467 $91,815 $355,652
2015 $4,693 $440,746 $90,436 $350,310
2014 -- $432,113 $88,665 $343,448
Source: Public Records

Agents Affiliated with this Home

  • Dan Encell

    Seller's Agent in 2021

    Dan Encell

    Berkshire Hathaway HomeServices California Properties

    (805) 677-2013

    37 in this area

    112 Total Sales

    Dan Encell
    Section Image

  • D

    Buyer's Agent in 2021

    Daniel Encell

    Berkshire Hathaway HomeServices California Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3925

Santa Barbara Multiple Listing Service

APN: 011-020-005

California Santa Barbara County Santa Barbara 93108

1186 E Mountain Dr, Santa Barbara, CA

Not Listed for Sale

Lots

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