NOT LISTED FOR SALE

1465 E Mountain Dr Montecito, CA 93108

Estimated Value: $9,235,000 - $12,088,219

3 Beds
6 Baths
7,043 Sq Ft
$1,428/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $5,225,000 $742 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $58,757/month

About This Home

As of September 2020

Mediterranean meets modernism in this spectacular Montecito home in the community's coveted Golden Quadrangle. From its artist-designed entry gates and hand-laid brick driveway and motor court, to the generous use of wood floors on the entry level, marble and Honduran mahogany in its interior, the home offers an unsurpassed air of relaxed luxury. Designed by an elite team of two architects and an artist, the manse takes full advantage of natural light and breathtaking ocean vistas. A magnificent foyer exudes sophistication and previews the home's ambiance of spaciousness and light. The living room feature soaring ceilings and 9-ft. French doors with clerestory windows above. Rooms open to a portico and expansive terrace overlooking the dramatic pool and spa. The designer kitchen is a gourmet dream, featuring custom cabinetry, large center islands and top-of-the-line appliances. There are 2 master suites plus a 3rd bedroom suite, a multi-purpose room, safe room, family room and integrated sound, security and lighting systems.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2019
Closed on
Sep 9, 2020
Sold by
Azad Manouchehr and Azad Lila May
Bought by
Charney Scott and Charney Ellen Mcdermott
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$7,500,000
Sold Price
$5,225,000
Premium/Discount to List
-$2,275,000
-30.33%
Current Estimated Value
$10,060,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,835,555
Avg. Annual Appreciation
13.97%

Purchase Details

Closed on
Jun 19, 2001
Sold by
Oscar Joseph Hospitality Partners Llc
Bought by
Azad Manouchehr and Azad Lila May

Purchase Details

Closed on
Jan 25, 2000
Sold by
Azad Fam Tr 9-25-78 Azad Manochehr & Lila May
Bought by
Oscar Joseph Hospitality Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
7.96%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Charney Scott $5,500,000 Chicago Title Company
Azad Manouchehr -- Chicago Title Co
Oscar Joseph Hospitality Partners Llc -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oscar Joseph Hospitality Partners Llc $4,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $5,225,000 -30.3% $742 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
05/28/2019 05/28/19 For Sale $7,500,000 -- $1,065 / Sq Ft

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 $61,868 $5,953,375 $2,381,350 $3,572,025
2023 $61,868 $5,645,160 $2,288,880 $3,356,280
2022 $59,753 $5,610,000 $2,244,000 $3,366,000
2021 $58,515 $5,500,000 $2,200,000 $3,300,000
2020 $24,203 $2,165,440 $494,713 $1,670,727
2019 $23,486 $2,122,981 $485,013 $1,637,968
2018 $23,055 $2,081,354 $475,503 $1,605,851
2017 $22,590 $2,040,544 $466,180 $1,574,364
2016 $21,899 $2,000,535 $457,040 $1,543,495
2014 $21,105 $1,931,888 $441,357 $1,490,531
Source: Public Records

Agents Affiliated with this Home

  • Cristal Clarke

    Seller's Agent in 2020

    Cristal Clarke

    Berkshire Hathaway HomeServices California Properties

    (805) 886-9378

    114 in this area

    223 Total Sales

    Cristal Clarke
    Section Image
  • Robert Riskin

    Buyer's Agent in 2020

    Robert Riskin

    Village Properties

    (805) 698-0199

    144 in this area

    217 Total Sales

    Robert Riskin
    Section Image
See All Agents

Map

California Santa Barbara County Montecito 93108

1465 E Mountain Dr, Montecito, CA

This home is located at 1465 E Mountain Dr, Montecito, CA 93108 and is currently estimated at $10,060,555, approximately $1,428 per square foot. 1465 E Mountain Dr is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Our Lady of Mount Carmel School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes