NOT LISTED FOR SALE

1598 Ramona Ln Montecito, CA 93108

Estimated Value: $7,679,000 - $10,257,264

5 Beds
4.5 Baths
4,430 Sq Ft
$2,055/Sq Ft Est. Value

Last Sold May 05, 2021

Last sale price $7,350,000 $1,659 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $56,437/month

48 Days on Market

Highlights

  • Outdoor Pool
  • Property is near an ocean
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Updated Kitchen
  • Multiple Fireplaces

About This Home

As of May 2021

This extraordinary home is located in the Hedgerow district of Montecito. Enter through a long private driveway to this historic 1925 George Washington Smith, French Normandy estate on an acre. This gated home was recently renovated and beautifully restored approximately eight years ago. It is close to Miramar Beach, the newer Rosewood Resort, and a short drive to both the upper and lower villages. First floor master suite with French doors to the garden, plus 3 guest suites, library/TV room/fifth bedroom. The exceptional formal living room with French doors to patio, opens to the sunny country kitchen that leads to an outstanding brick terrace overlooking the pool and lawn. The driveway, with entrances on two separate streets, leads to a motor court, there is a 2-car garage and two additional covered spaces, stunning lawn and gardens. This signature home with specimen trees, colorful rose gardens, and a peaceful Koi pond is located in the coveted Montecito Union School district. Enjoy this rare, private, and convenient oasis.

Last Agent to Sell the Property

Teresa McWilliams

Coldwell Banker Realty Listed on: 02/03/2021

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,987

Year Built

  • Built in 1925

Lot Details

  • 1.01 Acre Lot
  • Fenced
  • Level Lot
  • Lawn
  • Property is in excellent condition
  • Property is zoned Other, R-1

Home Design

  • Normandy Architecture
  • Raised Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Formal Dining Room
  • Wood Flooring
  • Property Views

Kitchen

  • Updated Kitchen
  • Built-In Oven
  • Built-In Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Outdoor Features

  • Outdoor Pool
  • Property is near an ocean
  • Patio
  • Gazebo
  • Built-In Barbecue

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Forced Air Heating System
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • 10 Hedgerow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 007-311-015

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,987

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: San Ysidro Rd to San Leandro Ln. Left on Miramar, right on Ramona.
  • Prop. Type: Residential
  • Year Built: 1925
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Reso Association Amenities: Other
  • Reso Association Fee Includes: Other
  • Subdivision Name: 10 - Hedgerow
  • Reso Accessibility Features: Other
  • Architectural Style: FR Normand
  • Carport Y N: Yes
  • Reso Flooring: Wood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1925
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.01
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • WaterSewer Sewer Hookup: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Fireplace(s):_two_4: Yes
  • Site Improvements Cable TV3: Yes
  • FlrWdw Coverings Wood2: Yes
  • Pets Yes: Yes
  • Foundation Raised: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • ParkingGarage Cpt #22: Yes
  • Style FR Normand2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Other, Oven/Rnge/Blt-In, Dishwasher, Disposal, Dryer, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 2+

Exterior Features

  • Roof: Other
  • View: Setting
  • Construction Type: Stucco, Other
  • Acres: 1.01
  • Topography: Level
  • Exterior Features: Pool, Patio Open, Gazebo, Lawn, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Cpt #2

Utilities

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

Condo/Co-op/Association

  • Community Features: Other
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 007-311-015
  • Zoning: Other, R-1
  • Lot Size Sq Ft: 43995.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Apr 30, 2021
Sold by
Woodward William R and Woodward Marjorie B
Bought by
Clark Susanne V
Seller's Agent
Teresa McWilliams
Coldwell Banker Realty
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$7,950,000
Sold Price
$7,350,000
Premium/Discount to List
-$600,000
-7.55%
Current Estimated Value
$9,104,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,754,066
Avg. Annual Appreciation
5.09%
Original Mortgage
$4,410,000
Outstanding Balance
$3,995,815
Interest Rate
2.95%
Mortgage Type
New Conventional
Estimated Equity
$5,108,251

Purchase Details

Listed on
Nov 10, 2015
Closed on
Dec 29, 2015
Sold by
Russo B Raymond and Russo Linda R
Bought by
Woodward William R and Woodward Marjorie
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Douglas MacGillvray
Coldwell Banker Realty
List Price
$5,450,000
Sold Price
$5,000,000
Premium/Discount to List
-$450,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%

Purchase Details

Listed on
Jan 13, 2014
Closed on
Apr 2, 2014
Sold by
Sl Ventures Llc
Bought by
Russo B Raymond and Russo Linda R
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Aaron L Gilles
Village Properties - 1
List Price
$4,950,000
Sold Price
$4,550,000
Premium/Discount to List
-$400,000
-8.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%

Purchase Details

Closed on
Feb 13, 2012
Sold by
Bard Else Schilling
Bought by
Nagel Hauzy Victoria and Foultz Sophia Nagel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,502,568
Interest Rate
3.84%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 30, 2007
Sold by
Bard Else Schilling
Bought by
Nagel Hauzy Victoria and Foultz Sophia Nagel
Source: Public Records

Range of Values:

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Average Value
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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
Clark Susanne V $7,350,000 Chicago Title Company
Woodward William R $5,000,000 Chicago Title Company
Russo B Raymond -- Chicago Title Company
Nagel Hauzy Victoria -- None Available
Nagel Hauzy Victoria -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Susanne V $4,410,000
Previous Owner Russo B Raymond $3,185,000
Previous Owner Sl Ventures Llc $2,502,568
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2021 05/05/21 Sold $7,350,000 -7.5% $1,659 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $7,950,000 0.0% $1,795 / Sq Ft
10/27/2020 10/27/20 Rented -- -- --
10/27/2020 10/27/20 Under Contract -- -- --
02/27/2020 02/27/20 For Rent $17,000 0.0% --
01/12/2016 01/12/16 Sold $5,000,000 -8.3% $1,129 / Sq Ft
11/11/2015 11/11/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $5,450,000 +19.8% $1,230 / Sq Ft
04/11/2014 04/11/14 Sold $4,550,000 -8.1% $1,325 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
01/13/2014 01/13/14 For Sale $4,950,000 -- $1,441 / 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 $81,987 $7,955,874 $2,543,714 $5,412,160
2023 $81,987 $7,646,940 $2,444,940 $5,202,000
2022 $79,075 $7,497,000 $2,397,000 $5,100,000
2021 $58,088 $5,468,228 $2,515,385 $2,952,843
2020 $57,550 $5,412,159 $2,489,593 $2,922,566
2019 $56,288 $5,306,039 $2,440,778 $2,865,261
2018 $55,214 $5,202,000 $2,392,920 $2,809,080
2017 $54,202 $5,100,000 $2,346,000 $2,754,000
2016 $48,921 $4,644,372 $2,071,069 $2,573,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-401

Santa Barbara Multiple Listing Service

APN: 007-311-017