NOT LISTED FOR SALE

1526 E Valley Rd Santa Barbara, CA 93108

Estimated Value: $2,254,000 - $2,910,000

2 Beds
2 Baths
1,253 Sq Ft
1,002 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $1,600,000 $1,277 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $15,163/month

69 Days on Market

About This Home

As of November 2020

Located in the heart of Montecito's Golden Quardrangle, this 1958 mid-century modern masterpiece was designed by prominent architect Thornton Abell for two sisters who wanted to live next door to one another in Montecito's hottest location. Adjacent to Pierre Lafond and just steps to all Montecito has to offer, this single level, beautiful 2/2 townhome is filled with natural light and has been significantly renovated while retaining the character and charm of its original mid-century design.
The wonderful bedroom suites feature extraordinary garden views connecting to spacious and sun-filled outdoor entertaining areas. Fully renovated, all modern conveniences can be found throughout including ample storage, parking and single car garage. The adjacent unit is also available, inquire.

Last Agent to Sell the Property

Jason Streatfeild

Douglas Elliman of California, Inc. License #01834496 Listed on: 09/24/2020

Douglas Elliman of California, Inc.

Last Buyer's Agent

Jon Mahoney

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,281

Year Built

  • Built in 1957

Lot Details

  • 1,002

Home Design

  • 1,253 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 011-240-002

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,281

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Association Fee: n/a
  • Prop. Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Condominium
  • Property Information Year Built2: 1957
  • 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
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Schools

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

Lot Info

  • Parcel #: 011-240-002
  • Zoning: R-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 4, 2020
Sold by
Zahedi Firooz and De Woody Beth
Bought by
Gerber Todd B and Sambrano David A
Seller's Agent
Jason Streatfeild
Douglas Elliman of California, Inc.
Buyer's Agent
Jon Mahoney
Coldwell Banker Realty
List Price
$1,685,000
Sold Price
$1,600,000
Premium/Discount to List
-$85,000
-5.04%
Current Estimated Value
$2,560,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$960,055
Avg. Annual Appreciation
10.30%
Original Mortgage
$1,280,000
Outstanding Balance
$1,144,203
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,419,536

Purchase Details

Listed on
Feb 2, 2017
Closed on
Apr 24, 2017
Sold by
Power Nancy T
Bought by
Zahedi Firooz and Dewoody Beth Rudin
Seller's Agent
mitchell morehart
Compass
Buyer's Agent
Philippa Davis
Compass
List Price
$1,345,000
Sold Price
$1,300,000
Premium/Discount to List
-$45,000
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Jan 26, 2012
Sold by
Power Nancy Thompson
Bought by
Power Nancy T

Purchase Details

Closed on
Mar 17, 2005
Sold by
Power Nancy Thompson
Bought by
Power Nancy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 28, 2005
Sold by
Weir Innes and Davis Ruth A
Bought by
Power Nancy Thompson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 1997
Sold by
Schell Ronnie and Schell Jan
Bought by
Davis Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gerber Todd B $1,600,000 Fidelity National Title Co
Zahedi Firooz $1,300,000 Chicago Title Company
Power Nancy T -- None Available
Power Nancy T -- --
Power Nancy Thompson -- Chicago Title Company
Davis Ruth A -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerber Todd B $1,280,000
Previous Owner Power Nancy T $531,000
Previous Owner Power Nancy T $150,000
Previous Owner Power Nancy Thompson $530,000
Previous Owner Davis Ruth $75,000
Previous Owner Davis Ruth A $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $1,600,000 -5.0% $1,277 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $1,685,000 +29.6% $1,345 / Sq Ft
05/03/2017 05/03/17 Sold $1,300,000 -3.3% $1,038 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
02/02/2017 02/02/17 For Sale $1,345,000 -- $1,073 / 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 $18,281 $1,731,890 $1,190,674 $541,216
2023 $18,281 $1,664,640 $1,144,440 $520,200
2022 $17,634 $1,632,000 $1,122,000 $510,000
2021 $17,272 $1,600,000 $1,100,000 $500,000
2020 $15,001 $1,379,570 $955,087 $424,483
2019 $14,717 $1,352,520 $936,360 $416,160
2018 $14,443 $1,326,000 $918,000 $408,000
2017 $17,166 $1,597,381 $1,351,173 $246,208
2016 $16,667 $1,566,061 $1,324,680 $241,381
2014 $16,109 $1,512,324 $1,279,225 $233,099
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2931

Santa Barbara Multiple Listing Service

APN: 011-240-002