NOT LISTED FOR SALE

Estimated Value: $4,673,000 - $5,355,000

4 Beds
3.5 Baths
2,828 Sq Ft
$1,776/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $5,125,000 $1,812 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $30,002/month

48 Days on Market

Highlights

  • Ocean View
  • Accessory Dwelling Unit (ADU)
  • Updated Kitchen
  • Santa Barbara Senior High School Rated A-
  • Property is near an ocean
  • 0.54 Acre Lot

About This Home

As of August 2024

**SEE PRIVATE REMARKS** Santa Barbara's American Riviera - A spectacular 1932 Henry Howell designed Spanish Colonial Revival home, sited on an awe-inspiring half acre with City, Harbor, Pacific Ocean and Channel Island views. The main house features four bedrooms, three and a half bathrooms. An expansive formal living room with south facing picture window allowing streams of natural light to flood the space, with focal point fireplace and original beam ceiling. The intimate formal dining room with French doors overlooking the al fresco dining terrace for year round enjoyment is a warm space with original touches. Breakfast room with fireplace and beautifully appointed kitchen looking out over the mature gardens, fountain and original 20th century stonework. This coveted vintage Riviera property has been lovingly restored and thoughtfully follows the architect's original plan.

Set among the wandering pathway gardens through the backyard, the property features a peaceful red tile roof one bedroom, one bathroom Guest House with kitchenette. Relax and read a book or take a contemplative moment in the Adirondack chairs while taking in the incredible views from this private perch.

Also featured on the west side of the property is a "La Calle," one of several neighborhood walking paths commonly found throughout the Riviera. 20th century Italian stonemasons created much of the wonderful stone walls and terraces in and around the Riviera. Mature Oak trees and thoughtful placement of drought tolerant native landscaping has been used for private, comfortable garden spaces to wander and enjoy the property. There is also a romantic wine cellar with temperature controlled wine storage. And a five hole putting green to practice your short game while sipping your favorite wine!

Time and space are the ultimate luxuries. Welcome to your Santa Barbara lifestyle!

Last Agent to Sell the Property

Susan Pate

Compass License #01130349 Listed on: 05/22/2024

Compass

Co-Listed By

The Morehart Group

Compass License #00828316 / 01130349 / 02025980 / 01319565

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,629

Year Built

  • Built in 1932

Lot Details

  • 0.54 Acre Lot
  • Partially Fenced Property
  • Artificial Turf
  • Level Lot
  • Irrigation
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • 2 Car Direct Access Garage
  • 10 Open Parking Spaces

Property Views

  • Ocean
  • Island
  • City
  • Mountain

Home Design

  • Spanish Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Home Security System
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Built-In Gas Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch
  • Fireplace in Patio
  • Built-In Barbecue

Additional Homes

  • Accessory Dwelling Unit (ADU)
  • Number of ADU Units: 1
  • ADU built in 1993
  • ADU includes 1 Bedroom and 1 Bathroom
  • Kitchen Sink
  • Refrigerator

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop
  • City Lot

Schools

  • Roosevelt Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Exclusions: Other, Potted Plants
  • Assessor Parcel Number 029-060-009

Community Details

Overview

  • 2 Units
  • Barranca Acreage #1 Community
  • 15 Riviera/Upper Subdivision
  • Foothills

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,629

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 1932
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Level, Sloped Down, Near Public Transit
  • ResoSecurityFeatures: Security System
  • Co List Office Mls Id: COMPCA4
  • Co List Office Phone: 805-253-7700
  • Subdivision Name: 15 - Riviera/Upper
  • Architectural Style: Spanish
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two, Outside Stairs
  • New Construction: No
  • Reso Other Structures: ADU (Accessory Dwelling Unit)
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1932
  • Property Information Total #Units: 2
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • WaterSewer Sewer Avail: Yes
  • Property Information ADU: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Property Information ADU Count: 1
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Other Buildings ADU (Accessory Dwelling Unit): Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Fireplace(s):_two_4: Yes
  • Property Information Apx Lot SqFt: 23522.0
  • Proximity Near Bus: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • Location Info Development Name: Barranca Acreage #1
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • View Islands: Yes
  • ParkingGarage Total # Uncovered Spaces: 10.0
  • LocationTopo Downslope2: Yes
  • Laundry Gas Hookup2: Yes
  • ADU #1 Type2: Junior ADU
  • ADU #1 Attached2: No
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Style Spanish2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Fireplace(s) Patio3: Yes
  • View City4: Yes
  • LocationTopo Foothills2: Yes
  • GroundsLandscaping Artificial Turf: Yes
  • ADU #1 Year Built5: 1993
  • ADU #1 Beds: 1
  • ADU #1 Baths2: 1
  • ADU1 Kitchen Features Refrigerator2: Yes
  • ADU1 Kitchen Features Sink: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Built-In Gas Oven, Dishwasher
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Other, 2+, LR, Patio
  • Bedrooms Basement: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Islands, Ocean, City
  • Construction Type: Stucco
  • Acres: 0.54
  • Topography: Downslope, Foothills, Level
  • Exclusions: Other, Potted Plants
  • Exterior Features: Patio Covered, Yard Irrigation T/O, Fenced: PRT, Drought Tolerant LND
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 10.0
  • Parking Features: Gar #2, Interior Access

Utilities

  • Cooling: Central Air
  • Heating: Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: SB Wtr

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 029-060-009
  • Zoning: Other
  • Lot Size Sq Ft: 23522.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jul 15, 2024
Sold by
R Stephen And W Carol Newman Living Trus and Stephen Newman R
Bought by
Raffetto Brian and Raffetto Laurel
Seller's Agent
Susan Pate
Compass
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$5,625,000
Sold Price
$5,125,000
Premium/Discount to List
-$500,000
-8.89%
Views
2051
Current Estimated Value
$5,022,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$102,572
Avg. Annual Appreciation
-1.98%
Original Mortgage
$3,587,500
Outstanding Balance
$3,542,449
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$1,479,979

Purchase Details

Closed on
Aug 25, 2017
Sold by
Newman R Stephen and R Stephen Newman Trust
Bought by
Carol Newman R and Carol Newman W

Purchase Details

Closed on
Mar 24, 2003
Sold by
Mcmullin Richard D
Bought by
Newman R Stephen

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
5.77%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 10, 2002
Sold by
Mcmullin Richard D
Bought by
Mcmullin Richard D

Purchase Details

Closed on
Mar 22, 2002
Sold by
Mcmullin Richard D
Bought by
Mcmullin Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,000
Interest Rate
6.84%

Purchase Details

Closed on
Jun 15, 1998
Sold by
Mcmullin Richard D
Bought by
Mcmullin Richard D

Purchase Details

Closed on
Jul 1, 1997
Sold by
Schmidt Donald I and Schmidt Fam Tr 4-18
Bought by
Mcmullin Richard D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$748,000
Interest Rate
7.57%
Source: Public Records

Range of Values:

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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
Raffetto Brian $5,125,000 Fidelity National Title
Carol Newman R -- None Available
Newman R Stephen -- Chicago Title Co
Mcmullin Richard D -- --
Mcmullin Richard D -- Fidelity National Title Co
Mcmullin Richard D -- --
Mcmullin Richard D -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raffetto Brian $3,587,500
Previous Owner Newman R Stephen $1,500,000
Previous Owner Newman R Stephen $1,000,000
Previous Owner Newman R Stephen $1,000,000
Previous Owner Newman R Stephen $729,700
Previous Owner Newman R Stephen $729,700
Previous Owner Newman R Stephen $983,000
Previous Owner R Stephen Newman Trust $1,000,000
Previous Owner Mcmullin Richard D $981,000
Previous Owner Mcmullin Richard D $38,000
Previous Owner Mcmullin Richard D $748,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $5,125,000 -8.9% $1,812 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $5,625,000 -- $1,989 / 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 $31,629 $5,125,000 $2,700,000 $2,425,000
2023 $31,629 $2,920,604 $1,948,934 $971,670
2022 $30,519 $2,863,338 $1,910,720 $952,618
2021 $29,820 $2,807,195 $1,873,255 $933,940
2020 $27,488 $2,587,000 $1,630,000 $957,000
2019 $27,546 $2,587,000 $1,630,000 $957,000
2018 $27,078 $2,536,000 $1,598,000 $938,000
2017 $25,507 $2,415,000 $1,522,000 $893,000
2016 $26,925 $2,566,831 $1,712,855 $853,976
2014 $23,269 $2,200,000 $1,540,000 $660,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1620

Santa Barbara Multiple Listing Service

APN: 029-060-009