NOT LISTED FOR SALE

1231 E Valley Rd Santa Barbara, CA 93108

Estimated Value: $2,965,000 - $5,996,000

4 Beds
4.5 Baths
1,747 Sq Ft
$2,323/Sq Ft Est. Value

Last Sold May 02, 2023

Last sale price $2,400,000 $1,374 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $23,513/month

165 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • Great Room
  • Cold Spring Elementary School Rated A+
  • Wood Flooring
  • Lawn

About This Home

As of May 2023

Montecito New Construction - East Valley Road awaiting its first chapter. This beautifully crafted 4-bedroom, 4.5-bathroom turn-key home is sited on approximately 1⁄4 acre. Featuring a cavernous basement, Viking appliances, all ensuite bedrooms, a wrap-around deck, and a verdant, private backyard. This property offers a wonderful space for hosting and/or entertaining. Situated just minutes from both Montecito Villages, world-renowned beach resorts, country clubs, and everything that Montecito and Santa Barbara have to offer. Located in the acclaimed Cold Spring School attendance area.

Last Agent to Sell the Property

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429 Listed on: 03/30/2023

Keller Williams Realty Santa Barbara

Co-Listed By

The Epstein Partners

Keller Williams Realty Santa Barbara License #00994429

Last Buyer's Agent

Karina Padilla

Insites

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • 0.25 Acre Lot
  • Partially Fenced Property
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Home Design

  • Cape Cod Architecture
  • Raised Foundation

Interior Spaces

  • 1,747 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Dining Area
  • Wood Flooring
  • Property Views
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Location

  • Property is near schools
  • Property is near shops

Schools

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

Additional Features

  • Deck
  • Forced Air Heating System

Community Details

  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 009-030-007

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2022
  • Reso Property Sub Type: Home/Estate
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Architectural Style: Cape Cod
  • Reso Flooring: Wood
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2022
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.25
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • GroundsLandscaping Lawn2: Yes
  • View Setting2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Dining Area2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • FlrWdw Coverings Wood2: Yes
  • Foundation Raised: Yes
  • Style Cape Cod2: Yes
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Other Rooms:Great Room: Yes
  • Bedrooms Basement: Yes

Exterior Features

  • View: Setting
  • Acres: 0.25
  • Exterior Features: Deck, Lawn, Fenced: PRT
  • Foundation Details: Raised

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 009-030-007
  • Zoning: E-1
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2023
Closed on
Apr 25, 2023
Sold by
Karpeles Trust
Bought by
Musselman Jennifer
Seller's Agent
Steve Epstein
Keller Williams Realty Santa Barbara
Buyer's Agent
Karina Padilla
Insites
List Price
$2,699,000
Sold Price
$2,400,000
Premium/Discount to List
-$299,000
-11.08%
Views
204
Current Estimated Value
$4,058,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,658,045
Avg. Annual Appreciation
21.92%
Original Mortgage
$1,585,000
Outstanding Balance
$1,540,949
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,517,096

Purchase Details

Closed on
Aug 24, 2021
Sold by
Karpeles David and Karpeles Marsha
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
May 23, 2019
Sold by
Bhambore Neelam Udghosh and Bhambore Udghosh Jaighosh
Bought by
Marsha Karpeias David and Marsha Karpeias

Purchase Details

Closed on
Mar 14, 2018
Sold by
Rangari Neelan Ashok and Bhambore Neelam Udghosh
Bought by
Bhambore Neelam Udghosh and Bhambore Udghosh Jaighosh

Purchase Details

Closed on
Jul 30, 2003
Sold by
Bhambore Udghosh Jaighosh
Bought by
Bhambore Udghosh Jaighosh and Rangari Neelam Ashok

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.17%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 24, 2003
Sold by
Bhambore Udghosh J
Bought by
Bhambore Udghosh J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.17%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 4, 2002
Sold by
Rangari Neelam Ashok
Bought by
Bhambore Udghosh J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.17%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 8, 1999
Sold by
Cregar Agnes B
Bought by
Bhambore Udghosh J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.5%

Purchase Details

Closed on
Feb 26, 1997
Sold by
Karpeles David and Karpeles Marsha
Bought by
Cregar Agnes B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.56%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Musselman Jennifer $2,400,000 Fidelity National Title Compan
Karpeles David -- None Available
Marsha Karpeias David $400,000 Chicago Title Company
Bhambore Neelam Udghosh -- None Available
Bhambore Udghosh Jaighosh -- --
Bhambore Udghosh J -- Fidelity National Title Co
Bhambore Udghosh J -- Fidelity National Title Co
Bhambore Udghosh J $565,000 Chicago Title
Cregar Agnes B $429,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musselman Jennifer $1,585,000
Previous Owner Bhambore Udghosh J $480,000
Previous Owner Bhambore Udghosh J $480,000
Previous Owner Bhambore Udghosh J $400,000
Previous Owner Cregar Agnes B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2023 05/02/23 Sold $2,400,000 -11.1% $1,374 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $2,699,000 0.0% $1,545 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
01/23/2023 01/23/23 Price Changed $2,699,000 -6.9% $1,545 / Sq Ft
10/28/2022 10/28/22 For Sale $2,900,000 -- $1,660 / 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 $27,026 $2,496,960 $1,040,400 $1,456,560
2023 $27,026 $1,528,879 $478,879 $1,050,000
2022 $10,237 $970,470 $470,470 $500,000
2021 $4,394 $412,226 $412,226 $0
2020 $4,320 $408,000 $408,000 $0
2019 $4,332 $411,068 $411,068 $0
2018 $1,011 $92,994 $92,994 $0
2017 $9,431 $763,191 $607,856 $155,335
2016 $9,137 $748,228 $595,938 $152,290
2014 $8,726 $722,554 $575,489 $147,065
Source: Public Records

Agents Affiliated with this Home

  • Steve Epstein

    Seller's Agent in 2023

    Steve Epstein

    Keller Williams Realty Santa Barbara

    (805) 689-9339

    4 in this area

    135 Total Sales

    Steve Epstein
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    The Epstein Partners

    Keller Williams Realty Santa Barbara

  • K

    Buyer's Agent in 2023

    Karina Padilla

    Insites

  • Karina Matic

    Buyer's Agent in 2023

    Karina Matic

    Berkshire Hathaway HomeServices California Properties

    (805) 680-7701

    1 in this area

    37 Total Sales

    Karina Matic
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-3565

Santa Barbara Multiple Listing Service

APN: 009-030-007

California Santa Barbara County Santa Barbara 93108

1231 E Valley Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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