NOT LISTED FOR SALE

1518 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $6,471,000 - $23,970,322

8 Beds
13 Baths
11,428 Sq Ft
$1,332/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2013

Last sale price $14,400,000 $1,260 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $95,990 / mo

106 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Home Theater
  • Santa Barbara Senior High School Rated A-
  • Art Studio
  • Spa

About This Home

As of December 2013

This Montecito Estate sits on over 4.8 unparalleled panoramic ocean view acres on East Mountain Drive and at the pinnacle of the Golden Quadrangle; Montecito’s most sought after location. Minutes from the San Ysidro Ranch, the Upper Village and Beaches. Completed in 2008 by Becker Construction and Designed by Cearnal Andrulaitis Architects. This nearly 12,000 sq ft estate offers 5 en suite bedrooms in the main house, including a ground-floor Master Bedroom with dual master baths, an outstanding 2 story great room with expansive 20 foot sliding glass doors with spectacular ocean views, gourmet kitchen with two islands, separate eating nook with cobblestone fireplace and sitting area, family room with built-in cabinetry, 16 seat Movie Theatre with authentic candy counter, stone Wine Cellar with tasting area, 2 Elevators, private patio with fire pit, and an incredible detached vaulted office with ocean views. The home is surrounded beautiful landscape in including 200 olive trees and 80 year old eucalyptus trees, wide open terraces, an infinity edge pool and spa, putting green, a large grassy lawn, outdoor fireplace and more, all positioned to enjoy one of Montecitoa€TMs most prized ocean and island views. If location, views and quality of construction cannot be compromised, you will not discover a greater estate.

CLICK LINK TO VIEW THE VIRTUAL TOUR:
www.1518EastMountainDr.com

Last Agent to Sell the Property

Josiah Hamilton

Berkshire Hathaway HomeServices California Properties License #01415235 Listed on: 09/06/2013

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 4.81 Acre Lot
  • Gated Home
  • Back Yard Fenced
  • Level Lot
  • Hilly Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Panoramic
  • City
  • Mountain

Home Design

  • Estate
  • Raised Foundation
  • Slate Roof
  • Stucco

Interior Spaces

  • 11,428 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Open Floorplan
  • Home Theater
  • Home Office
  • Library
  • Game Room
  • Art Studio
  • Music Room
  • Home Gym
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Stove
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed
  • Wheelchair Access
  • Stepless Entry

Outdoor Features

  • Spa
  • Deck
  • Covered Patio or Porch
  • Fireplace in Patio
  • Built-In Barbecue

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Water Softener Leased
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Guest House
  • Property is near schools
  • Groom or Foreman Quarters

Listing and Financial Details

  • Assessor Parcel Number 011-070-041

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

4.81 Acres

Listing Details

  • Directions: located between San Ysidro Road and San Ysidro Lane on the North side of E Mountain Drive
  • Prop. Type: Residential
  • Year Built: 2008
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Gas Hookup, Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System, Smoke Detector(s)
  • Reso Accessibility Features: Wheelchair Access, Accessible Elevator Installed
  • Architectural Style: Estate
  • Reso Flooring: Wood, Carpet, Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs), Two
  • New Construction: No
  • Reso Other Structures: Employee Quarters
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2008
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 4.81
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Hilly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Art Studio2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Property Information Apx Lot SqFt: 209524.0
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • Other Buildings Employee Quarters2: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Laundry:_two_20V Elect2: Yes
  • Site Improvements Cable TV3: Yes
  • Laundry Gas Hookup2: Yes
  • Amenities High R-Value Insul: Yes
  • Appliances Included OvenBltin: Yes
  • FlrWdw Coverings Wood2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • Rooms Theatre2: Yes
  • Fireplace(s) Patio3: Yes
  • Handicapped Access Elevator3: Yes
  • View City4: Yes
  • Dining In Living Room2: Yes
  • Dining Nook2: Yes
  • Roof Slate2: Yes
  • Rooms Music Room2: Yes
  • Rooms Game Room3: Yes
  • Handicapped Access Wheelchair Access: Yes
  • Appliances Included Wtr Softener Leased: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Bltin, Dishwasher, Dryer, Gas Stove, Microwave, Washer, Wtr Softener Leased
  • Full Bathrooms: 8
  • Half Bathrooms: 5
  • Total Bedrooms: 8
  • Fireplace Features: Primary Bedroom, Other, 2+, Gas, LR, Patio
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Slate
  • View: Mountain(s), Ocean, City, Panoramic
  • Construction Type: Stucco
  • Acres: 4.81
  • Topography: Hilly, Level
  • Exterior Features: Pool, Deck, Patio Open, Patio Covered, SPA-Outside, Hot Tub, Lawn, Fenced: BCK
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4

Utilities

  • Cooling: Central Air
  • Heating: Radiant
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Radiant: Yes

Condo/Co-op/Association

  • Community Features: Other

Schools

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

Lot Info

  • Parcel #: 011-070-041
  • Zoning: R-1
  • Lot Size Sq Ft: 209524.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2013
Closed on
Dec 26, 2013
Sold by
Kass Daniel B and Kass Debra A
Bought by
Mayer Steven and Mayer Laura
Seller's Agent
Josiah Hamilton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$17,999,000
Sold Price
$14,400,000
Premium/Discount to List
-$3,599,000
-20%
Current Estimated Value
$15,116,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$716,585
Avg. Annual Appreciation
0.45%
Original Mortgage
$7,400,000
Outstanding Balance
$5,155,810
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$10,064,851

Purchase Details

Closed on
Dec 15, 2009
Sold by
Kass Daniel B
Bought by
Kass Daniel B and Kass Debra A

Purchase Details

Closed on
Dec 26, 2006
Sold by
1518 East Mountain Drive Llc
Bought by
Kass Daniel B

Purchase Details

Closed on
Nov 15, 2003
Sold by
Jdk Holdings Llc
Bought by
1518 East Mountain Drive Llc

Purchase Details

Closed on
Nov 26, 2002
Sold by
Ward Barbara B and Ward Victoria
Bought by
Jdk Holding Company

Purchase Details

Closed on
Feb 4, 2000
Sold by
Ward Barbara B
Bought by
Ward James E and Ward Barbara B

Purchase Details

Closed on
Aug 3, 1996
Sold by
Ward Barbara B
Bought by
Anixter Lester J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Mayer Steven $14,400,000 First American Title Company
Kass Daniel B -- Chicago Title
Kass Daniel B -- Fidelity National Title
1518 East Mountain Drive Llc -- --
Jdk Holding Company -- Fidelity National Title Co
Ward James E -- --
Anixter Lester J $12,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Mayer Steven $7,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2013 12/31/13 Sold $14,400,000 -20.0% $1,260 / Sq Ft
12/21/2013 12/21/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $17,999,000 -- $1,575 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $168,275 $16,479,059 $6,129,313 $10,349,746
2023 $168,275 $15,839,158 $5,891,305 $9,947,853
2022 $162,136 $15,528,588 $5,775,790 $9,752,798
2021 $158,714 $15,224,107 $5,662,540 $9,561,567
2020 $157,134 $15,068,003 $5,604,478 $9,463,525
2019 $153,599 $14,725,494 $5,494,587 $9,230,907
2018 $150,619 $14,436,759 $5,386,850 $9,049,909
2017 $147,990 $14,153,686 $5,281,226 $8,872,460
2016 $143,534 $13,876,164 $5,177,673 $8,698,491
2014 $139,143 $13,400,000 $5,000,000 $8,400,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Josiah Hamilton

    Berkshire Hathaway HomeServices California Properties

    (805) 284-8835

    20 in this area

    59 Total Sales

    Josiah Hamilton
    Section Image

  • N

    Buyer's Agent in 2013

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-2898

Santa Barbara Multiple Listing Service

APN: 011-070-041

California Santa Barbara County Santa Barbara 93108

1518 E Mountain Dr, Santa Barbara, CA

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