NOT LISTED FOR SALE

122 Olive Mill Ln Santa Barbara, CA 93108

Estimated Value: $5,125,000 - $7,085,300

5 Beds
5.5 Baths
3,662 Sq Ft
$1,622/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $2,050,000 $560 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $34,885/month

9 Days on Market

Highlights

  • View of Trees or Woods
  • Fruit Trees
  • Multiple Fireplaces
  • Santa Barbara Senior High School Rated A-
  • Contemporary Architecture
  • Cathedral Ceiling

About This Home

As of December 2012

Tucked away down a private lane, this well built Classic mid-century ranch home near Montecito’s Lower Village & Butterfly Beach is 5 bdrms 5.5 baths & on a sunny 1.22 acres. With a peek of the ocean & meandering paths, Oak & fruit trees, vegetable & roses gardens fill the yard. Appx 3,650 sf, bring your decorator & create your own plans. Vaulted ceilings, wood floors and perfect for dual living.

Last Agent to Sell the Property

Mary Layman

Berkshire Hathaway HomeServices California Properties Listed on: 11/28/2012

Last Buyer's Agent

Gregg Leach

Village Properties License #01005773

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,323

Year Built

  • Built in 1951

Lot Details

  • 1.22 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in good condition

Property Views

  • Woods
  • Mountain

Home Design

  • Contemporary Architecture
  • Ranch Style House
  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 3,662 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Formal Dining Room
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Parking

  • Garage
  • Uncovered Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Water Softener is Owned

Additional Features

  • Stepless Entry
  • Patio
  • Property is near shops

Community Details

  • 10 Hedgerow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 009-170-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,323

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1951
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: In Garage, Laundry Room
  • ResoLotFeatures: Level, Rolling Slope
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 10 - Hedgerow
  • Architectural Style: Contemporary, Ranch
  • Reso Flooring: Carpet, Hardwood, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs), Single Story
  • New Construction: No
  • Reso Property Condition: Good, Average
  • Property Information Year Built2: 1951
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.22
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Rolly2: Yes
  • Property Information Within City Limits: No
  • Construction Entry Lvl(No Stairs)2: Yes
  • Construction Single Story2: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Gas Range2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Condition Good2: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Wooded4: Yes
  • Fireplace(s):_two_3: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Laundry In Garage2: Yes
  • Appliances Included OvenBltin: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • ParkingGarage Unc #33: Yes
  • Condition Average2: Yes
  • Assessor's Data Assessor Year Built: 1951.0
  • Assessor's Data Assessor Lot Acres: 1.22
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Bltin, Wtr Softener/Owned
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 2

Exterior Features

  • Roof: Tile, Flat
  • View: Mountain(s), Wooded
  • Acres: 1.22
  • Topography: Rolly, Level
  • Exterior Features: Patio Open, Lawn, Fruit Trees, Wooded, Yard Irrigation T/O, Fenced: BCK
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Unc #3

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

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 #: 009-170-024
  • Zoning: R-1
  • Lot Size Sq Ft: 53143.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2021
Sold by
Spence Patrick and Spence Erin Eberhardt
Bought by
Spence Patrick A and Pence Erin M
Current Estimated Value
$5,938,575

Purchase Details

Listed on
Nov 28, 2012
Closed on
Dec 17, 2012
Sold by
122 Olive Mill Lane Holdings Llc
Bought by
Spence Patrick and Spence Erin Eberhardt
Seller's Agent
Mary Layman
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Gregg Leach
Village Properties
List Price
$2,050,000
Sold Price
$2,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$1,000,000
Interest Rate
3.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 23, 2007
Sold by
Meadowcroft Leslie H
Bought by
122 Olive Mill Lane Holdings Llc

Purchase Details

Closed on
May 17, 2004
Sold by
Meadowcroft Leslie H
Bought by
Meadowcroft Leslie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
4.12%
Mortgage Type
Unknown

Purchase Details

Closed on
May 5, 2000
Sold by
Marino Stephen
Bought by
Meadowcroft Leslie H

Purchase Details

Closed on
Oct 5, 1998
Sold by
Meadowcroft Leslie H
Bought by
The Leslie H Meadowcroft Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 7, 1997
Sold by
Kelly Janet I
Bought by
Meadowcroft Leslie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

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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
Spence Patrick A -- None Available
Spence Patrick $2,050,000 Fidelity National Title Co
122 Olive Mill Lane Holdings Llc -- None Available
Meadowcroft Leslie H -- Chicago Title Company
Meadowcroft Leslie H $343,500 Chicago Title Co
The Leslie H Meadowcroft Revocable Trust -- --
Meadowcroft Leslie H $875,000 Santa Barbara Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spence Patrick $850,000
Open Spence Patrick $1,500,000
Closed Spence Patrick $887,000
Closed Spence Patrick $1,000,000
Previous Owner Meadowcroft Leslie H $250,000
Previous Owner Meadowcroft Leslie H $575,000
Previous Owner Meadowcroft Leslie H $575,000
Previous Owner Meadowcroft Leslie H $700,000
Previous Owner Meadowcroft Leslie H $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2012 12/28/12 Sold $2,050,000 0.0% $560 / Sq Ft
12/06/2012 12/06/12 Pending -- -- --
11/27/2012 11/27/12 For Sale $2,050,000 -- $560 / 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 $30,323 $2,835,035 $1,822,708 $1,012,327
2023 $30,323 $2,724,949 $1,751,931 $973,018
2022 $29,354 $2,671,520 $1,717,580 $953,940
2021 $26,478 $2,397,629 $1,679,589 $718,040
2020 $25,691 $2,320,593 $1,632,675 $687,918
2019 $24,982 $2,275,092 $1,600,662 $674,430
2018 $24,520 $2,230,483 $1,569,277 $661,206
2017 $24,028 $2,186,749 $1,538,507 $648,242
2016 $23,293 $2,143,873 $1,508,341 $635,532
2014 $22,456 $2,070,307 $1,456,583 $613,724
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mary Layman

    Berkshire Hathaway HomeServices California Properties

  • Gregg Leach

    Buyer's Agent in 2012

    Gregg Leach

    Village Properties

    (805) 886-9000

    10 in this area

    59 Total Sales

    Gregg Leach
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3607

Santa Barbara Multiple Listing Service

APN: 009-170-024

California Santa Barbara County Santa Barbara 93108

122 Olive Mill Ln, Santa Barbara, CA

This home is located at 122 Olive Mill Ln, Santa Barbara, CA 93108 since 28 November 2012 and is currently estimated at $5,938,575, approximately $1,621 per square foot. This property was built in 1951. 122 Olive Mill Ln 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.

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