NOT LISTED FOR SALE

1506 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $7,312,000 - $12,260,928

4 Beds
5.5 Baths
3,730 Sq Ft
$2,522/Sq Ft Est. Value

Last Sold January 29, 2013

Last sale price $6,750,000 $1,810 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $56,321/month

89 Days on Market

Highlights

  • Ocean View
  • Spa
  • Fireplace in Primary Bedroom
  • Santa Barbara Senior High School Rated A-
  • 2.63 Acre Lot
  • Hilly Lot

About This Home

As of January 2013

Stunning single-level Neoclassic villa with incomparable ocean/island & coastline views. Premier Montecito estate location, convenient to the San Ysidro Guest Ranch & the Upper Village. Located on 2.6 gated acres, the home features 4 bedrooms, 5 full baths & 1 half baths, beautiful gardens, pool, water features, & oak woodland.

Last Agent to Sell the Property

Dan Encell

Berkshire Hathaway HomeServices California Properties License #00976141 Listed on: 09/16/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Paula Goodwin

Benchmark Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 2.63 Acre Lot
  • Gated Home
  • Hilly Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 3,730 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Security System
  • Breakfast Area or Nook
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Fireplace in Patio
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 011-070-022

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1960
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Subdivision Name: Other
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1960
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.63
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Hilly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • View Setting2: Yes
  • Laundry Laundry Room2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • ParkingGarage Gar #33: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • ViewOcean: Yes
  • Style Medit2: Yes
  • Fireplace(s) Patio3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, 2+, LR, Patio
  • Total Bedrooms: 8

Exterior Features

  • View: Mountain(s), Ocean, Setting
  • Acres: 2.63
  • Topography: Hilly
  • Exterior Features: Pool, Patio Open, SPA-Outside, Lawn

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 011-070-022
  • Zoning: Other
  • Lot Size Sq Ft: 114562.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2020
Sold by
Marsh Tom F and Marsh Charlene R
Bought by
Marsh Tom F and Marsh Charlene C
Current Estimated Value
$9,405,982

Purchase Details

Listed on
Sep 16, 2012
Closed on
Jan 2, 2013
Sold by
Hines Family Investments Llc
Bought by
Marsh Tom F and Charlene Cline Marsh R
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Paula Goodwin
Benchmark Properties
List Price
$7,200,000
Sold Price
$6,750,000
Premium/Discount to List
-$450,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%

Purchase Details

Closed on
Jan 8, 2007
Sold by
Sorrell Jon R and Sorrell Marie L
Bought by
Hines Family Investments Llc

Purchase Details

Closed on
Dec 19, 2001
Sold by
Meyer Eric and Meyer Cynthia
Bought by
Sorrell Jon R and Sorrell Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,737,000
Interest Rate
6.28%

Purchase Details

Closed on
Jul 6, 1999
Sold by
Meyer Eric and Meyer Cynthia
Bought by
Meyer Eric and Meyer Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.95%

Purchase Details

Closed on
Nov 12, 1997
Sold by
Meyer Eric and Meyer Cynthia
Bought by
Meyer Eric and Meyer Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,900
Interest Rate
7.3%

Purchase Details

Closed on
Jul 29, 1997
Sold by
Squeo Enterprises Lp
Bought by
Meyer Eric S and Meyer Cynthia C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$606,000
Interest Rate
7.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 1996
Sold by
Sorrell Timothy A and Sorrell Marianne K
Bought by
Meyer Eric and Meyer Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,500
Interest Rate
6.62%

Purchase Details

Closed on
Nov 1, 1993
Sold by
Baldwin Ii Willis M
Bought by
Sorrell Timothy A and Sorrell Marianne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
6.91%

Purchase Details

Closed on
Sep 30, 1993
Sold by
Baldwin Iii Willis M and Baldwin Vicki W
Bought by
Baldwin Ii Willis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,500
Interest Rate
6.91%
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
Marsh Tom F -- None Available
Marsh Tom F $6,750,000 Chicago Title Company
Hines Family Investments Llc -- Lawyers Title Company
Sorrell Jon R -- Lawyers Title Company
Meyer Eric -- First American Title
Meyer Eric -- First American Title
Meyer Eric S -- First American Title
Meyer Eric -- First American Title
Sorrell Timothy A -- Equity Title Company
Baldwin Ii Willis M $410,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sorrell Jon R $1,737,000
Previous Owner Meyer Eric $375,000
Previous Owner Meyer Eric $649,900
Previous Owner Meyer Eric S $606,000
Previous Owner Meyer Eric $675,500
Previous Owner Sorrell Timothy A $682,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2013 01/29/13 Sold $6,750,000 -6.3% $1,810 / Sq Ft
12/14/2012 12/14/12 Pending -- -- --
09/16/2012 09/16/12 For Sale $7,200,000 -- $1,930 / 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 $85,649 $8,312,138 $5,233,570 $3,078,568
2023 $85,649 $7,989,369 $5,030,345 $2,959,024
2022 $82,550 $7,832,715 $4,931,711 $2,901,004
2021 $80,822 $7,679,133 $4,835,011 $2,844,122
2020 $80,025 $7,600,394 $4,785,434 $2,814,960
2019 $78,489 $7,451,367 $4,691,602 $2,759,765
2018 $76,980 $7,305,262 $4,599,610 $2,705,652
2017 $75,600 $7,162,022 $4,509,422 $2,652,600
2016 $73,317 $7,021,591 $4,421,002 $2,600,589
2015 $72,185 $6,916,121 $4,354,595 $2,561,526
2014 -- $6,780,645 $4,269,295 $2,511,350
Source: Public Records

Agents Affiliated with this Home

  • Dan Encell

    Seller's Agent in 2013

    Dan Encell

    Berkshire Hathaway HomeServices California Properties

    (805) 677-2013

    37 in this area

    112 Total Sales

    Dan Encell
    Section Image

  • P

    Buyer's Agent in 2013

    Paula Goodwin

    Benchmark Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-2929

Santa Barbara Multiple Listing Service

APN: 011-070-022

California Santa Barbara County Santa Barbara 93108

1506 E Mountain Dr, Santa Barbara, CA

Not Listed for Sale

Detached

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