NOT LISTED FOR SALE

1550 Farren Rd Goleta, CA 93117

Capitan-Gaviota Neighborhood

Estimated Value: $3,667,000 - $4,008,065

2 Beds
2 Baths
3,294 Sq Ft
$1,165/Sq Ft Est. Value

Last Sold July 06, 2020

Last sale price $2,400,000 $729 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $22,782/month

642 Days on Market

About This Home

As of July 2020

This 80 acre private, gated organic ranch offers stunning ocean, island, mountain and orchard views and borders the Los Padres Nat'l Forest. The home is approximately 3,000 sqft, with 2 master suite-style bedrooms and a studio with a half bath above the detached two car garage. Fantastic party and gathering area overlooks the ocean ranch. Water sources include a beautifully-landscaped reservoir and 3 wells. (Main runs between 35 and 25 gpm; secondary at 15 gpm.) Orchard includes 1,400 exotic Australian Finger Lime trees and some avocados. There are miles of private roads and terraces. It is a paradise for walkers and birders. Very much like living in one's own private park. Per COVID-19 Executive Order, live showings are currently precluded. Any entry on to the property is strongly discouraged. Call agent for showing alternatives.

Last Agent to Sell the Property

Kerry Mormann

Berkshire Hathaway HomeServices California Properties License #00598625 Listed on: 12/09/2019

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Mary Mormann

Berkshire Hathaway HomeServices California Properties License #01975165

Last Buyer's Agent

Kerry Mormann

Kerry Mormann & Associates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 80 Acre Lot
  • Property is zoned A-1

Home Design

  • 3,294 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Ellwood Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Listing and Financial Details

  • Assessor Parcel Number 079-060-045

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

80 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 1997
  • Reso Property Sub Type: Home/Estate
  • Co List Office Mls Id: pruc1
  • Co List Office Phone: 805-969-5026
  • Property Information Year Built2: 1997
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 80.0
  • NeighborhoodSchools Elementary School: Ellwood
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Property Information Within City Limits: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Acres: 80.0

Schools

  • Elementary School: Ellwood
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 079-060-045
  • Zoning: A-1
  • Lot Size Sq Ft: 3484800.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Aug 5, 2020
Sold by
Ta Mary
Bought by
Coup De Ta Llc
Seller's Agent
Kerry Mormann
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kerry Mormann
Kerry Mormann & Associates
List Price
$3,795,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,395,000
-36.76%
Current Estimated Value
$3,837,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,437,533
Avg. Annual Appreciation
8.52%
Original Mortgage
$1,680,000
Outstanding Balance
$1,489,191
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$2,348,342

Purchase Details

Listed on
Dec 9, 2019
Closed on
Jun 22, 2020
Sold by
Justice Gary L and Justice Cheryl D
Bought by
Ta Mary
Seller's Agent
Kerry Mormann
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kerry Mormann
Kerry Mormann & Associates
List Price
$3,795,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,395,000
-36.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Outstanding Balance
$1,489,191
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$2,348,342

Purchase Details

Closed on
Dec 29, 2003
Sold by
Justice Cheryl D and Justice Gary L
Bought by
Justice Gary L and Justice Cheryl D

Purchase Details

Closed on
May 8, 2003
Sold by
Trans Pacific Leasing Corp
Bought by
Justice Gary L and Justice Cheryl D

Purchase Details

Closed on
Apr 15, 1997
Sold by
Jaguar Oil & Gas Corp
Bought by
Chickering Donn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,250
Interest Rate
8%
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
Coup De Ta Llc -- None Available
Ta Mary $2,400,000 First American Title Company
Justice Gary L -- --
Justice Gary L $1,260,000 --
Chickering Donn A -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ta Mary $1,680,000
Previous Owner Chickering Donn A $626,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2020 07/06/20 Sold $2,400,000 0.0% $729 / Sq Ft
07/06/2020 07/06/20 Sold $2,400,000 -19.3% $729 / Sq Ft View Prior Sale
06/01/2020 06/01/20 Pending -- -- --
06/01/2020 06/01/20 Pending -- -- --
12/26/2019 12/26/19 Price Changed $2,975,000 -9.2% $903 / Sq Ft
09/12/2019 09/12/19 Price Changed $3,275,000 -13.7% $994 / Sq Ft
07/16/2019 07/16/19 For Sale $3,795,000 0.0% $1,152 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
11/29/2018 11/29/18 For Sale $3,795,000 0.0% $1,152 / Sq Ft
08/29/2018 08/29/18 For Sale $3,795,000 -- $1,152 / 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 $27,316 $2,597,833 $1,517,027 $1,080,806
2023 $27,316 $2,496,958 $1,458,120 $1,038,838
2022 $26,387 $2,448,000 $1,429,530 $1,018,470
2021 $25,912 $2,400,000 $1,401,500 $998,500
2020 $20,733 $1,944,836 $985,593 $959,243
2019 $20,343 $1,906,703 $966,268 $940,435
2018 $19,949 $1,869,318 $947,322 $921,996
2017 $19,609 $1,832,667 $928,748 $903,919
2016 $19,086 $1,796,734 $910,538 $886,196
2014 $18,575 $1,735,081 $879,293 $855,788
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kerry Mormann

    Berkshire Hathaway HomeServices California Properties

    (805) 689-3242

    8 in this area

    55 Total Sales

    Kerry Mormann
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Mary Mormann

    Berkshire Hathaway HomeServices California Properties

    (805) 450-9933

    2 Total Sales

    Mary Mormann
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-3193

Santa Barbara Multiple Listing Service

APN: 079-060-045

California Santa Barbara County Goleta 93117 Capitan-Gaviota

1550 Farren Rd, Goleta, CA

Not Listed for Sale

Detached

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