Seller's Agent in 2020
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
(805) 886-9378
106 in this area
211 Total Sales
1570 E Valley Rd Santa Barbara, CA 93108
Estimated Value: $8,910,000 - $12,401,985
5
Beds
6.5
Baths
5,154
Sq Ft
$1,948/Sq Ft
Est. Value
Highlights
- Guest House
- Spa
- Fruit Trees
- Santa Barbara Senior High School Rated A-
- Estate
- Mountain View
About This Home
As of September 2020Combining early 20th century charm and class with 21st century conveniences, Montecito's Somerset estate represents the epitome of relaxed sophistication. The home and its ancillary structures lie in the community's elite ''Golden Quadrangle''. Henrik Westen, former owner of the estate, ordered several alterations and additions designed by iconic architect Lutah Maria Riggs. Much of the landscaping of the approximately 1.55-acre grounds is believed to be attributed to prominent landscape architect Lockwood de Forest. Ultimate privacy, lush and well-manicured foliage, numerous outdoor amenities: the ambiance here is distinctly Montecito. Entering the main residence, one finds oneself in a gracious foyer complemented by a stately staircase leading to the second-floor master suite. The living room with its soaring vaulted ceiling is bathed in natural light bestowed by large multi-pane and clerestory windows. Multiple French doors open to a terrace, spa, pool, gazebo and gardens. Two guest suites are conveniently located off the living room.
The formal dining room features a fireplace, wainscoting, crown moulding, large French windows and access to a balcony perfect for intimate meals al fresco. Nearby, the spacious kitchen features top-of-the-line appliances, Shaker-style cabinetry, a large and versatile center island, and a generous butler's pantry. The beautiful wood floor extends into the adjacent breakfast area, set in a bay and with large French windows, and open to the family room. There are wine and laundry rooms, an office, and a guest or staff bedroom with bath en suite.
The upper level master suite is reminiscent of a luxury resort. There is a large sitting room, a room-sized walk-in closet, dual lavish bathrooms, and a bedroom with French doors to a large balcony with expansive mountain views, overlooking the gardens, pool, spa, walking paths and seating areas, a gazebo, and a built-in cooking area with grill.
The attached guest apartment offers visiting guests the utmost privacy and feature its own pool. Want more? Then have your guests relax in the separate guest house, adjacent to the pool. But be careful, they may not leave!
Privacy, seclusion and serenity abound here, convenient to all the cultural, recreational and social opportunities Montecito and Santa Barbara offer.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 09/22/2020
Last Buyer's Agent
Michele White
Berkshire Hathaway HomeServices California Properties
Home Details
Home Type
- Single Family
Year Built
- Built in 1920
Lot Details
- 1.55 Acre Lot
- Dog Run
- Gated Home
- Fruit Trees
- Lawn
Parking
- Attached Garage
Home Design
- Estate
- Normandy Architecture
- Brick Exterior Construction
- Slate Roof
- Stucco
Interior Spaces
- 5,154 Sq Ft Home
- 2-Story Property
- Wet Bar
- Multiple Fireplaces
- Living Room with Fireplace
- Dining Room with Fireplace
- Formal Dining Room
- Mountain Views
- Breakfast Area or Nook
- Laundry Room
Flooring
- Wood
- Carpet
- Stone
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- Maid or Guest Quarters
Pool
- Spa
- Outdoor Pool
Outdoor Features
- Deck
- Covered Patio or Porch
- Fireplace in Patio
Additional Homes
- Guest House
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Sewer Stub Out
Listing and Financial Details
- Assessor Parcel Number 011-220-006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2020
Closed on
Sep 23, 2020
Sold by
Stienecker Scott and Stienecker Marilyn K
Bought by
Feldman Keith Reuben and Kent Elizabeth Schuyler
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Michele White
Berkshire Hathaway HomeServices California Properties
List Price
$7,495,000
Sold Price
$7,307,500
Premium/Discount to List
-$187,500
-2.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,733,996
Avg. Annual Appreciation
6.17%
Original Mortgage
$4,395,000
Outstanding Balance
$3,900,272
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$6,141,224
Purchase Details
Closed on
Oct 10, 2016
Sold by
Stienecker Scott and Stienecker Marilyn K
Bought by
Stienecker Scott and Stienecker Marilyn K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
May 5, 2015
Closed on
Jun 18, 2015
Sold by
Harris Family Llc
Bought by
The Scott Stienecker Living Trust
Seller's Agent
Jason Streatfeild
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Eric Stockmann
Coldwell Banker Realty
List Price
$8,500,000
Sold Price
$7,970,000
Premium/Discount to List
-$530,000
-6.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.21%
Original Mortgage
$6,000,000
Interest Rate
3.81%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Nov 23, 1999
Sold by
Trstees Kurland Norman A and Elliot & Susan Brooks Kurland & David Liv Tr
Bought by
Harris Family Llc
Purchase Details
Closed on
Oct 3, 1996
Sold by
Kurland Norman A and Kurland Deborah A
Bought by
Kurland Norman A and David Deborah A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Feldman Keith Reuben | $7,325,000 | Chicago Title Company | |
| Stienecker Scott | -- | Fidelity National Title Co | |
| The Scott Stienecker Living Trust | $7,670,000 | Fidelity National Title Co | |
| Harris Family Llc | -- | Lawyers Title Company | |
| Kurland Norman A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Feldman Keith Reuben | $4,395,000 | |
| Previous Owner | Stienecker Scott | $4,500,000 | |
| Previous Owner | The Scott Stienecker Living Trust | $6,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/24/2020 09/24/20 | Sold | $7,307,500 | -2.5% | $1,418 / Sq Ft | |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 05/08/2020 05/08/20 | For Sale | $7,495,000 | -6.0% | $1,454 / Sq Ft | |
| 06/25/2015 06/25/15 | Sold | $7,970,000 | -6.2% | $1,546 / Sq Ft | View Prior Sale |
| 06/04/2015 06/04/15 | Pending | -- | -- | -- | |
| 02/27/2015 02/27/15 | For Sale | $8,500,000 | -- | $1,649 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $82,190 | $8,403,814 | $3,247,296 | $5,156,518 |
| 2023 | $82,190 | $7,620,930 | $3,121,200 | $4,499,730 |
| 2022 | $79,081 | $7,471,500 | $3,060,000 | $4,411,500 |
| 2021 | $77,433 | $7,325,000 | $3,000,000 | $4,325,000 |
| 2020 | $88,836 | $8,428,860 | $3,296,816 | $5,132,044 |
| 2019 | $86,830 | $8,263,589 | $3,232,173 | $5,031,416 |
| 2018 | $85,158 | $8,101,559 | $3,168,798 | $4,932,761 |
| 2017 | $83,638 | $7,942,706 | $3,106,665 | $4,836,041 |
| 2016 | $81,113 | $7,786,967 | $3,045,750 | $4,741,217 |
| 2015 | $61,670 | $5,894,222 | $2,784,410 | $3,109,812 |
| 2014 | -- | $5,778,764 | $2,729,868 | $3,048,896 |
Source: Public Records
Agents Affiliated with this Home
-
Cristal Clarke
-
M
Buyer's Agent in 2020
Michele White
Berkshire Hathaway HomeServices California Properties
-
L
Buyer Co-Listing Agent in 2020
Lindsay Parrish
Berkshire Hathaway HomeServices California Properties
-
Lindsay Semler
L
Buyer Co-Listing Agent in 2020
Lindsay Semler
Compass
(805) 451-7609
7 in this area
22 Total Sales
-
J
Seller's Agent in 2015
Jason Streatfeild
Berkshire Hathaway HomeServices California Properties
-
E
Buyer's Agent in 2015
Eric Stockmann
Coldwell Banker Realty
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-1657
APN: 011-220-006
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