NOT LISTED FOR SALE

Estimated Value: $7,006,000 - $14,137,928

6 Beds
11 Baths
8,188 Sq Ft
$1,231/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $14,000,000 $1,710 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $70,617/month

57 Days on Market

Highlights

  • Detached Guest House
  • 30,008 Sq Ft lot
  • Wood Flooring
  • Cabana
  • Family Room with Fireplace
  • Mediterranean Architecture

About This Home

As of December 2017

Captivating Montecito Span Estate set behind gates, on 30K+ sq ft of level land in very finest BW Park locale. Unparalleled privacy, wful authenticity, sprawling grounds, gorgeous gardens, richly detailed spaces, perfect floor plan & French drs thru-out. Sun-filled double height entry leads to formal LR w/ FP, FDR & cozy library/den w/ FP. Fab "Grt Rm" consisting of cook's kitch, breakfast area & spacious fam rm, opens thru French doors to resort-like grounds: stone patios, fountains, expansive lawn, fragrant rose gardens, fully tiled pl/spa, poolside cabana & det GH/gym w/ BA. 6 BDs, 9 BA. Sensational mstr ste w/ sep sitting rm/office, vaulted clg, terrace, dual baths & closets. Lg upstairs fam rm, basement w/ bar. Plaster walls, wide board wood & stone floors, arched openings, coved ceilings & 3 masonry FPs. Extremely rare opportunity to purchase a magnificent estate w/ sprawling grounds & grt privacy in close proximity to the BW Country Mart & San Vicente shops/restaurants.

Last Agent to Sell the Property

David Offer

Berkshire Hathaway HomeServices California Properties License #01150357 Listed on: 10/12/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Alicia Drake

The Agency License #01707707

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $188,326

Year Built

  • Built in 1996

Lot Details

  • 0.69

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Family Room with Fireplace
  • 3 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Library with Fireplace
  • Bonus Room
  • Home Gym
  • Laundry Room
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Powder Room

Parking

  • 3 Car Direct Access Garage
  • Side by Side Parking
  • Garage Door Opener

Pool

  • Cabana
  • Heated In Ground Pool
  • Spa

Additional Features

  • Covered Patio or Porch
  • 0.69 Acre Lot
  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4406-011-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$188,326

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Street Number Display: Yes
  • Stories: 2
  • Year Built: 1996
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Library, Living Room
  • Flooring: Carpet, Hardwood, Mixed, Stone, Tile
  • Bedrooms: 6
  • Fireplaces: 3
  • Full Bathroom: 4
  • Half Bathroom: 4
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 3
  • Dining Room: 1
  • Family Room: 1
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 11.00
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Private
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage, Private Garage, Side By Side
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4406-011-012
  • Geocode Override: No
  • Lot Size Area: 30008

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2017
Closed on
Dec 4, 2017
Sold by
Frey Cynthia
Bought by
Marlboro Development Llc
Seller's Agent
David Offer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Alicia Drake
The Agency
List Price
$14,995,000
Sold Price
$14,000,000
Premium/Discount to List
-$995,000
-6.64%
Current Estimated Value
$10,079,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,920,024
Avg. Annual Appreciation
-4.46%

Purchase Details

Closed on
Aug 30, 2016
Sold by
Glenn & Cynthia Frey Family Trust
Bought by
Frey Cynthia

Purchase Details

Closed on
Nov 14, 2013
Sold by
Greenfield Barry L
Bought by
Greenfield Barry L and Nineteenth Street Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,930,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2001
Sold by
King Michael Gordon
Bought by
Greenfield Barry and The 19Th Street Trust

Purchase Details

Closed on
Jul 24, 1998
Sold by
King Jena Lidia
Bought by
King Michael Gordon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.12%

Purchase Details

Closed on
Jun 26, 1996
Sold by
King Barbara A
Bought by
King Michael Gordon

Purchase Details

Closed on
May 28, 1996
Sold by
Ll Properties Inc
Bought by
King Michael Gordon

Purchase Details

Closed on
May 1, 1996
Sold by
Lasker John
Bought by
Ll Properties Inc

Purchase Details

Closed on
Jul 5, 1995
Sold by
Lasker John
Bought by
Ll Properties Inc

Purchase Details

Closed on
Jan 30, 1995
Sold by
Lasker Francine
Bought by
Lasker John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
9.23%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 24, 1995
Sold by
Kissel Dorothy
Bought by
Lasker John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
9.23%
Mortgage Type
Construction
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
Marlboro Development Llc $14,000,000 Lawyers Title
Frey Cynthia -- None Available
Greenfield Barry L -- Stewart Title Of Ca Inc
Greenfield Barry -- Chicago Title Insurance Co
King Michael Gordon -- South Coast Title
King Michael Gordon -- --
King Michael Gordon -- --
Ll Properties Inc -- --
Ll Properties Inc -- --
Lasker John H -- Equity Title Company
Lasker John H $2,350,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Greenfield Barry L $3,930,000
Previous Owner Greenfield Barry L $2,810,000
Previous Owner King Michael Gordon $1,000,000
Previous Owner Lasker John H $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2017 12/11/17 Sold $14,000,000 -6.6% $1,710 / Sq Ft
10/12/2017 10/12/17 For Sale $14,995,000 -- $1,831 / 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 $188,326 $15,929,608 $11,378,292 $4,551,316
2024 $188,326 $15,617,264 $11,155,189 $4,462,075
2023 $184,611 $15,311,044 $10,936,460 $4,374,584
2022 $175,917 $15,010,828 $10,722,020 $4,288,808
2021 $173,847 $14,716,499 $10,511,785 $4,204,714
2019 $168,576 $14,280,000 $10,200,000 $4,080,000
2018 $168,091 $14,000,000 $10,000,000 $4,000,000
2017 $142,019 $11,850,000 $9,000,000 $2,850,000
2016 $149,175 $12,479,398 $9,983,524 $2,495,874
2015 $146,958 $12,291,947 $9,833,563 $2,458,384
2014 $147,324 $12,051,166 $9,640,938 $2,410,228
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-279672

The MLS

APN: 4406-011-012