NOT LISTED FOR SALE

1478 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $6,369,000 - $14,859,984

3 Beds
6 Baths
5,859 Sq Ft
$1,600/Sq Ft Est. Value

Last Sold February 20, 2014

Last sale price $12,750,000 $2,176 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $60,705/month

721 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Property is near an ocean
  • Santa Barbara Senior High School Rated A-
  • Pool House
  • Estate

About This Home

As of February 2014

Commanding ocean and island views are enjoyed from approx. 2.5 acre gated estate in premier Montecito location. This impeccable property has lavish master suite, 2 add'l bedroom suites in main house, 1 bed, pool house and 2 bed. Guest house. Highest standards throughout this blending of a classic vintage home with exquisite taste and state of the art modern details.

Last Agent to Sell the Property

Barbara Koutnik

Coldwell Banker Realty Listed on: 02/11/2013

Co-Listed By

Susan Conger

Coldwell Banker Realty

Last Buyer's Agent

John Henderson

Pitts & Bachmann Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 2.43 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Lot Sloped Up
  • Irrigation
  • Lawn
  • Property is in excellent condition

Parking

  • Detached Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Estate
  • Flat Roof Shape
  • Slab Foundation
  • Shake Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Central Vacuum
  • Multiple Fireplaces
  • Gas Fireplace
  • Family Room
  • Formal Dining Room
  • Home Office
  • Library

Kitchen

  • Updated Kitchen
  • Built-In Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Accessible Home Design

  • Wheelchair Access
  • Doors are 32 inches wide or more

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

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

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Sewer Stub Out
  • Cable TV Available

Additional Features

  • Guest House
  • Property is near park, schools, and shops

Listing and Financial Details

  • Assessor Parcel Number 011-060-042

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2008
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Sloped Up
  • ResoSecurityFeatures: Monitored, Gate:Elec, Security System, Fire Alarm, Smoke Detector(s)
  • Co List Office Mls Id: cb01
  • Co List Office Phone: 805-969-4755
  • Subdivision Name: Other
  • Reso Accessibility Features: Wheelchair Access, Wide Doors
  • Architectural Style: Estate
  • Reso Flooring: Carpet, Hardwood, Marble, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2008
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.43
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Style Estate2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • Security Fire Alarm2: Yes
  • Site Improvements Cable TV3: Yes
  • Laundry Gas Hookup2: Yes
  • Appliances Included OvenBltin: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • Appliances Included Central Vac2: Yes
  • LocationTopo Upslope2: Yes
  • Security Monitored2: Yes
  • Handicapped Access Wide Doors2: Yes
  • GroundsLandscaping Pool House2: Yes
  • Handicapped Access Wheelchair Access: Yes
  • Roof Shake: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Bltin, Central Vac, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, Other, 2+, Gas
  • Total Bedrooms: 9
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Shake, Flat
  • View: Mountain(s), Ocean
  • Construction Type: Stucco
  • Acres: 2.43
  • Topography: Upslope
  • Exterior Features: Pool, Pool House, Patio Open, Patio Covered, SPA-Outside, Lawn, Yard Irrigation T/O, Fenced: PRT
  • Foundation Details: Slab
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4, Detached, Other

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 011-060-042
  • Zoning: R-1
  • Lot Size Sq Ft: 105850.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2020
Sold by
Fry Simon J and Fry Karen M
Bought by
Moreno Commercial Llc
Current Estimated Value
$9,375,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,400,000
Outstanding Balance
$5,669,495
Interest Rate
2.68%
Mortgage Type
New Conventional
Estimated Equity
$3,705,833

Purchase Details

Closed on
Aug 17, 2015
Sold by
Fry Simon J and Fry Karen
Bought by
Th Fry Family Trust

Purchase Details

Closed on
Jun 11, 2014
Sold by
Fry Simon J
Bought by
Fry Simon J and Fry Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,375,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 11, 2013
Closed on
Feb 12, 2014
Sold by
Fry Karen Maclean
Bought by
Fry Simon J
Seller's Agent
Barbara Koutnik
Coldwell Banker Realty
Buyer's Agent
John Henderson
Pitts & Bachmann Realtors
List Price
$19,000,000
Sold Price
$12,750,000
Premium/Discount to List
-$6,250,000
-32.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.55%
Original Mortgage
$6,375,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 11, 2013
Closed on
Feb 5, 2014
Sold by
Malachowsky Chris
Bought by
Fry Simon J
Seller's Agent
Barbara Koutnik
Coldwell Banker Realty
Buyer's Agent
John Henderson
Pitts & Bachmann Realtors
List Price
$19,000,000
Sold Price
$12,750,000
Premium/Discount to List
-$6,250,000
-32.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,375,000
Interest Rate
5.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 7, 2012
Sold by
1478 East Mountain Llc
Bought by
Malachowsky Chris and Malachowsky Melody

Purchase Details

Closed on
Nov 3, 2006
Sold by
1478 Mountain Associates Llc
Bought by
1478 East Mountain Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
6.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2005
Sold by
Prentice Mimi Walters
Bought by
1478 Mountain Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,100,000
Interest Rate
5.79%
Mortgage Type
Construction
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
Moreno Commercial Llc $12,600,000 Chicago Title Company
Th Fry Family Trust -- Ticor Title Company Of Ca
Fry Simon J -- Ticor Title Company
Fry Simon J -- Chicago Title Company
Fry Simon J $12,750,000 Chicago Title Company
Malachowsky Chris $8,847,597 Chicago Title Company
1478 East Mountain Llc -- Lawyers Title Company
1478 Mountain Associates Llc -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moreno Commercial Llc $6,400,000
Previous Owner Fry Simon J $6,375,000
Previous Owner Fry Simon J $6,375,000
Previous Owner 1478 East Mountain Llc $3,200,000
Previous Owner 1478 Mountain Associates Llc $4,100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2014 02/20/14 Sold $12,750,000 -32.9% $2,176 / Sq Ft
02/11/2014 02/11/14 Pending -- -- --
02/21/2012 02/21/12 For Sale $19,000,000 -- $3,243 / 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 $140,180 $13,638,643 $5,412,160 $8,226,483
2023 $140,180 $13,109,040 $5,202,000 $7,907,040
2022 $135,098 $12,852,000 $5,100,000 $7,752,000
2021 $132,266 $12,600,000 $5,000,000 $7,600,000
2020 $120,945 $11,500,000 $5,000,000 $6,500,000
2019 $146,851 $14,011,196 $7,692,421 $6,318,775
2018 $144,016 $13,736,468 $7,541,590 $6,194,878
2017 $141,463 $13,467,126 $7,393,716 $6,073,410
2016 $137,174 $13,203,066 $7,248,742 $5,954,324
2015 $135,129 $13,004,745 $7,139,860 $5,864,885
2014 $123,016 $11,783,253 $6,403,942 $5,379,311
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-588

Santa Barbara Multiple Listing Service

APN: 011-060-042