$4,757,000
SOLD OCT 31, 2019

1567 E Valley Rd Santa Barbara, CA 93108

6 Beds
7 Baths
6,919 Sq Ft
1.49 Acres

Recently Sold

$688 Per Sq Ft

20% Below List Price

397 Days on Market

Highlights

  • Property is near an ocean
  • Estate
  • Mountain View
  • Santa Barbara Senior High School Rated A-
  • Fruit Trees
  • Fireplace in Primary Bedroom

About This Home

As of August 2021

Huge Price Reduction!!! Gorgeous European Estate on Montecito's Billionaire Row and blessed in proximity to the heart of the Upper Village's restaurants and shops. Set down a private lane on a beautiful 1.49 flat acre lot. The architect Robert Schactman and builder conspired to create elegance in this rare and impressive home. This peaceful and serene estate features five bedrooms and five full bathrooms, a private study / office, five fireplaces, 2 powder baths and an au pair quarters with separate entrance. The celebrity designer's kitchen with great room boasts a sunny breakfast nook, walk in pantry, stone fireplace, and handhewn beams from a 300 year old european barn. The formal dining room with butler's pantry calls for celebration and parties! Enjoy the sumptuous living room with fireplace and French doors that lead to the picturesque backyard with a beautiful sprawling lawn perfect for impromptu baseball games by day or stargazing at night. The spacious family room awaits game nights and fireside chats, with bar and room for a pool table. Wake up in the dreamy master bedroom retreat with intimate sitting area, fireplace, and romantic balcony. The master sanctuary includes a yoga/exercise room, 2 walk in closets, steam shower and luxurious soaking tub. This enchanting home possesses solid mahogany doors, copper rain gutters, Santa Rita stone, wrought iron railings, custom copper lights, gold plated hardware from Europe, cabinetry by Charlie Starbuck, 2 water meters plus a well, and a slate roof. A substantial bonus area awaits the vision of a stylish home theatre. This incredible estate is the perfect place to stir your sense of the possibilities of life in Montecito.

Last Agent to Sell the Property

Lisa Scibird

Berkshire Hathaway HomeServices California Properties License #02027505 Listed on: 10/16/2018

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Lisa Scibird

Berkshire Hathaway HomeServices California Properties License #02027505 Listed on: 10/16/2018

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $133,256

Year Built

  • Built in 1991

Lot Details

  • Level Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Estate
  • Mediterranean Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Slate Roof

Interior Spaces

  • 6,919 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Window Treatments
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Loft
  • Game Room
  • Home Gym
  • Mountain Views
  • Finished Attic

Kitchen

  • Breakfast Area or Nook
  • Built-In Double Oven
  • Built-In Range
  • Stove
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Property is near an ocean
  • Patio

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating System
  • Well
  • Sewer Stub Out

Listing and Financial Details

  • Exclusions: Chandelier
  • Assessor Parcel Number 007-220-050

Home Details

Home Type

Single Family

Est. Annual Taxes

$133,256

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1991
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Security System, Fire Alarm, Smoke Detector(s)
  • Reso Accessibility Features: Wide Doors
  • Architectural Style: Medit, Estate
  • Reso Flooring: Carpet, Hardwood, Stone, T/O, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1991
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • Exterior BrickStone: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Pvt Well In: Yes
  • FlrWdw Coverings Stone2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Security Fire Alarm2: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • Rooms LbryStudy: Yes
  • Dining Nook2: Yes
  • Appliances Included Central Vac2: Yes
  • Roof Slate2: Yes
  • Amenities Finished Attic2: Yes
  • Appliances Included Elect Stove2: Yes
  • Handicapped Access Wide Doors2: Yes
  • Rooms Game Room3: Yes
  • Rooms Loft2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • FlrWdw Coverings TO2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Refrigerator, Gas Range, Oven/Rnge/Blt-In, Central Vac, Dishwasher, Disposal, Double Oven, Dryer, Elect Stove, Microwave, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: Primary Bedroom, Family Room, 2+, Gas, LR
  • Appliances Included:Double Oven2: Yes
  • Appliances Included:Trash Compactor2: Yes

Exterior Features

  • Roof: Slate
  • View: Mountain(s), Setting
  • Construction Type: Brick/Stone, Other
  • Topography: Level
  • Exclusions: Chandelier
  • Exterior Features: Patio Open, Lawn, Fruit Trees
  • Foundation Details: Slab, Raised

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Private, Mont Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 007-220-050
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Jun 8, 2021
Sold by
Anderson Benjamin and Anderson Morgan
Bought by
Booth Steven E and Booth Valery M
Seller's Agent
Eric Haskell
The Agency
Buyer's Agent
Eric Haskell
The Agency
List Price
$12,200,000
Sold Price
$12,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.22%
Original Mortgage
$7,930,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2021
Sold by
Anderson Benjamin and Anderson Morgan
Bought by
Anderson Benjamin and Anderson Morgan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,930,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2021
Sold by
Anderson Benjamin and Anderson Morgan
Bought by
Anderson Benjamin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,930,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2018
Closed on
Oct 8, 2019
Sold by
Clark Nelson S and Clark Beverly S
Bought by
Anderson Benjamin and Anderson Morgan
Seller's Agent
Lisa Scibird
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Lisa Scibird
Berkshire Hathaway HomeServices California Properties
List Price
$5,950,000
Sold Price
$4,757,000
Premium/Discount to List
-$1,193,000
-20.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.65%
Original Mortgage
$737,850
Interest Rate
3.65%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 10, 2016
Sold by
Clark Nelson S and Clark Beverly S
Bought by
Clark Nelson S and Clark Beverly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2014
Sold by
Clark Nelson S
Bought by
Clark Nelson S and Clark Beverly S

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
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 25, 2014
Sold by
Clark Nelson S and Clark Beverly S
Bought by
Clark Nelson S and Clark Beverly S

Purchase Details

Closed on
Mar 26, 2014
Sold by
Clark Nelson S
Bought by
Clark Nelson S

Purchase Details

Closed on
Feb 3, 2003
Sold by
Clark Nelson S and Clark Beverly S
Bought by
Clark Nelson S and Clark Beverly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
5.71%

Purchase Details

Closed on
Jun 10, 1997
Sold by
Clark Nelson S and Clark Beverly S
Bought by
Clark Nelson S and Clark Beverly S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $12,200,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Pacific Coast Title Company
Grant Deed $4,757,000 Wfg National Title Ins Co
Interfamily Deed Transfer -- Wfg National Title Ins Co
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Landamerica Lawyers Title
Interfamily Deed Transfer -- Landamerica Lawyers Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,930,000 New Conventional
Previous Owner $9,000,000 Construction
Previous Owner $2,500,000 Construction
Previous Owner $1,200,000 Construction
Previous Owner $500,000 Unknown
Previous Owner $5,200,000 New Conventional
Previous Owner $4,750,000 New Conventional
Previous Owner $4,200,000 New Conventional
Previous Owner $737,850 Construction
Previous Owner $1,395,000 Commercial
Previous Owner $2,961,200 Construction
Previous Owner $1,540,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,020,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,020,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Adjustable Rate Mortgage/ARM
Previous Owner $870,000 No Value Available
Previous Owner $600,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $17,950,000 +47.1% $2,144 / Sq Ft
08/05/2021 08/05/21 Sold $12,200,000 0.0% $1,763 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $12,200,000 +156.5% $1,763 / Sq Ft
10/31/2019 10/31/19 Sold $4,757,000 -20.1% $688 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
03/05/2018 03/05/18 For Sale $5,950,000 -- $860 / 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 $133,256 $12,946,737 $4,775,436 $8,171,301
2023 $133,256 $12,444,000 $4,590,000 $7,854,000
2022 $128,542 $12,200,000 $4,500,000 $7,700,000
2021 $52,141 $4,806,281 $1,616,575 $3,189,706
2020 $50,941 $4,757,000 $1,600,000 $3,157,000
2019 $25,598 $2,334,659 $925,246 $1,409,413
2018 $25,124 $2,288,882 $907,104 $1,381,778
2017 $24,622 $2,244,003 $889,318 $1,354,685
2016 $23,869 $2,200,004 $871,881 $1,328,123
2015 $23,376 $2,166,959 $858,785 $1,308,174
2014 $23,015 $2,124,512 $841,963 $1,282,549
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-768

Santa Barbara Multiple Listing Service

APN: 007-220-050