NOT LISTED FOR SALE

1514 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $7,943,182 - $8,530,000

3 Beds
4.5 Baths
4,085 Sq Ft
$2,003/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $8,200,000 $2,007 Per Sq Ft

Current estimated payment $48,135/month

287 Days on Market

About This Home

As of November 2024

Indulge in the epitome of luxury living at this recently renovated exquisite Jack Warner contemporary estate offering breathtaking panoramic views of the ocean, islands, and mountains. Situated in Montecito's coveted Golden Quadrangle, this residence stands as a unique masterpiece of modernist architecture. Nearly every room in the house incorporates sliding glass doors that open onto individual patios or balconies, creating a seamless indoor/outdoor living experience with breathtaking views. Boasting 3 bedrooms, 4.5 bathrooms, a gourmet kitchen, den, and grand living room, every aspect of the residence reflects meticulous attention to detail and a commitment to unparalleled quality, from the high-end stainless appliances to the refined terrazzo floors. Additional amenities include a stunning pool with ocean views, beautiful gardens resting on 3+/- acres, and impeccably landscaped grounds. Conveniently situated near the San Ysidro Ranch, hiking trails, beaches, and Montecito's Upper and Lower Villages.

Last Agent to Sell the Property

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 01/15/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1974

Lot Details

  • 3.25 Acre Lot

Home Design

  • 4,085 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 011-070-023

Home Details

Home Type

Single Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1974
  • Reso Property Sub Type: Home/Estate
  • Property Information Year Built2: 1974
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.25
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Property Information Main House SqFt: 4085.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Acres: 3.25

Schools

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

Lot Info

  • Parcel #: 011-070-023
  • Zoning: Other
  • Lot Size Sq Ft: 141570.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Nov 14, 2024
Sold by
Mclennan Jay C and Cook Scott D
Bought by
Gregory Marks Living Trust and Jeffrey Alan Marks Living Trust
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$12,750,000
Sold Price
$8,200,000
Premium/Discount to List
-$4,550,000
-35.69%
Views
388
Current Estimated Value
$8,182,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,273
Avg. Annual Appreciation
-0.19%
Original Mortgage
$2,999,999
Outstanding Balance
$2,962,315
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$5,220,412

Purchase Details

Listed on
May 7, 2019
Closed on
Sep 25, 2019
Sold by
Fecan Ivan
Bought by
Melennan Jay C and Cook Scott D
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$6,450,000
Sold Price
$5,800,000
Premium/Discount to List
-$650,000
-10.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$3,770,000
Interest Rate
3.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2010
Sold by
Faire Sandra
Bought by
Fecan Ivan

Purchase Details

Closed on
Jan 9, 2008
Sold by
Atkins Victor K
Bought by
Lloyd Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,250
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 2, 2008
Sold by
Darr Dorothy
Bought by
Lloyd Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,250
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 1, 2008
Sold by
Lloyd Charles
Bought by
The Siva Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,250
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 14, 2007
Sold by
Atkins Victor K
Bought by
Atkins Victor K

Purchase Details

Closed on
Jun 11, 2002
Sold by
Northern Trust Bank Ca National Assn
Bought by
Atkins Victor K

Purchase Details

Closed on
Apr 7, 2000
Sold by
Lester J Tr 11/26/85 Anixter Lester J Trustee
Bought by
Anixter Lester J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
8.24%

Purchase Details

Closed on
Jan 19, 1994
Sold by
Smith William Pike Rockwell
Bought by
Anixter Lester J and Anixter Rosalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
4.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gregory Marks Living Trust $8,200,000 Chicago Title
Gregory Marks Living Trust $8,200,000 Chicago Title
Melennan Jay C $5,800,000 Chicago Title Company
Fecan Ivan -- Chicago Title Company
Fecan Ivan $3,850,000 Chicago Title Company
Lloyd Charles -- Equity Title Santa Barbara
Lloyd Charles -- Equity Title Santa Barbara
The Siva Trust -- Accommodation
Atkins Victor K -- None Available
Atkins Victor K -- Chicago Title Co
Anixter Lester J -- Chicago Title Co
Anixter Lester J -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory Marks Living Trust $2,999,999
Closed Gregory Marks Living Trust $2,999,999
Previous Owner Melennan Jay C $3,770,000
Previous Owner Lloyd Charles $2,720,250
Previous Owner Anixter Lester J $500,000
Previous Owner Anixter Lester J $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2024 11/26/24 Sold $8,200,000 -8.8% $2,007 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
08/30/2024 08/30/24 Price Changed $8,995,000 -9.6% $2,202 / Sq Ft
06/10/2024 06/10/24 Price Changed $9,950,000 -5.2% $2,436 / Sq Ft
04/23/2024 04/23/24 Price Changed $10,500,000 -6.7% $2,570 / Sq Ft
03/08/2024 03/08/24 Price Changed $11,250,000 -4.3% $2,754 / Sq Ft
02/08/2024 02/08/24 Price Changed $11,750,000 -7.8% $2,876 / Sq Ft
01/15/2024 01/15/24 For Sale $12,750,000 +119.8% $3,121 / Sq Ft
10/11/2019 10/11/19 Sold $5,800,000 -10.1% $1,420 / Sq Ft View Prior Sale
09/10/2019 09/10/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $6,450,000 -- $1,579 / 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 $64,677 $3,825,542 $1,864,609 $1,960,933
2023 $64,677 $5,991,714 $4,204,712 $1,787,002
2022 $62,351 $5,874,230 $4,122,267 $1,751,963
2021 $61,054 $5,759,050 $4,041,439 $1,717,611
2020 $60,456 $5,700,000 $4,000,000 $1,700,000
2019 $47,093 $4,404,509 $3,428,283 $976,226
2018 $46,200 $4,318,147 $3,361,062 $957,085
2017 $45,343 $4,233,478 $3,295,159 $938,319
2016 $43,970 $4,150,470 $3,230,549 $919,921
2015 $43,219 $4,088,127 $3,182,024 $906,103
2014 -- $4,008,047 $3,119,693 $888,354
Source: Public Records

Agents Affiliated with this Home

  • Cristal Clarke

    Seller's Agent in 2024

    Cristal Clarke

    Berkshire Hathaway HomeServices California Properties

    (805) 886-9378

    106 in this area

    211 Total Sales

    Cristal Clarke
    Section Image

  • M

    Buyer's Agent in 2024

    Marsha Kotlyar Estate Group

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4014

    81 in this area

    165 Total Sales

    Marsha Kotlyar Estate Group
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-142

Santa Barbara Multiple Listing Service

APN: 011-070-023

California Santa Barbara County Santa Barbara 93108

1514 E Mountain Dr, Santa Barbara, CA

Not Listed for Sale

Detached

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