NOT LISTED FOR SALE

Estimated Value: $5,095,000 - $6,536,394

3 Beds
3 Baths
2,785 Sq Ft
$2,090/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $3,980,000 $1,429 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $35,966/month

18 Days on Market

Highlights

  • Detached Guest House
  • Wood Flooring
  • No HOA
  • Family Room with Fireplace
  • Spanish Architecture
  • Breakfast Room

About This Home

As of November 2017

THERE WILL BE NO SHOWINGS BEFORE CARAVAN, 10/24/2017. Ponder the exciting lifestyle to be lived in classic Montecito style. Glamorous rooms with charming archways and tall windows invite sunlight to dance on the polished wood floors. The magnificent large living room is a stunning setting for parties and conversation. The formal dining room leads to a quaint interior courtyard. The family room/sun room with wet bar opens to an entertainment terrace. The expansive grounds include a wonderful outdoor kitchen and a fabulous large guest house. Reminiscent of a George Washington Smith, there is great romance and charm in this informal home. Located at the end of a quiet cul de sac, on a 13,000 sq.ft lot, this a forever home with amazing potential for all lifestyle needs. Property is sold "AS-IS." The owner is a Licensed Real Estate Agent.

Last Agent to Sell the Property

Mary Lu Tuthill

Coldwell Banker Realty License #00556630 Listed on: 10/19/2017

Coldwell Banker Realty

Co-Listed By

Kerstin Hudson

Coldwell Banker Realty License #00682160

Last Buyer's Agent

Claire Burns

Compass License #01381493

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $61,289

Year Built

  • Built in 1927

Lot Details

  • 0.3 Acre Lot
  • Property is zoned LAR1

Parking

  • 2 Car Detached Garage

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,785 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating
  • Sewer in Street

Additional Features

  • Outdoor Grill
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4404-005-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$61,289

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 2785
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Barbeque, Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1287.25

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Heating: Central
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4404-005-013
  • Geocode Override: No
  • Lot Size Area: 13026

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2020
Sold by
Madley Benjamin and Madley Barbara
Bought by
Madley Family Trust and Madley
Current Estimated Value
$5,820,599

Purchase Details

Listed on
Oct 19, 2017
Closed on
Nov 9, 2017
Sold by
Ottoson Gary C and Bergeron Ellen K
Bought by
Madley Benjamin and Madley Barbara
Seller's Agent
Mary Lu Tuthill
Coldwell Banker Realty
Buyer's Agent
Claire Burns
Compass
List Price
$3,585,000
Sold Price
$3,980,000
Premium/Discount to List
$395,000
11.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%

Purchase Details

Closed on
Oct 15, 2001
Sold by
Ross Hugh
Bought by
Ottoson Gary C and Bergeron Ellen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
6.88%

Purchase Details

Closed on
Aug 13, 2001
Sold by
Ross Jana M
Bought by
Ross Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7%

Purchase Details

Closed on
Jul 30, 2001
Sold by
French Patricia M and The Mary B Desmond Trust
Bought by
Ross Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7%
Source: Public Records

Range of Values:

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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
Madley Family Trust -- None Listed On Document
Madley Benjamin $3,980,000 Equity Title Los Angeles
Ottoson Gary C $1,375,909 Stewart Title
Ross Hugh -- Stewart Title
Ross Hugh $1,100,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ottoson Gary C $950,000
Previous Owner Ross Hugh $650,000
Closed Ross Hugh $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2017 11/14/17 Sold $3,980,000 +11.0% $1,429 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $3,585,000 -- $1,287 / Sq Ft
Source: The MLS

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 $61,289 $5,163,897 $3,622,846 $1,541,051
2024 $61,289 $5,062,645 $3,551,810 $1,510,835
2023 $60,087 $4,963,378 $3,482,167 $1,481,211
2022 $57,270 $4,866,058 $3,413,890 $1,452,168
2021 $56,587 $4,770,646 $3,346,951 $1,423,695
2019 $48,119 $4,059,600 $3,247,680 $811,920
2018 $48,030 $3,980,000 $3,184,000 $796,000
2017 $17,218 $1,407,374 $889,859 $517,515
2016 $16,830 $1,379,779 $872,411 $507,368
2015 $16,586 $1,359,054 $859,307 $499,747
2014 $16,640 $1,332,433 $842,475 $489,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-281338

The MLS

APN: 4404-005-013