NOT LISTED FOR SALE

Estimated Value: $5,084,000 - $5,701,000

4 Beds
5 Baths
4,220 Sq Ft
$1,262/Sq Ft Est. Value

Last Sold June 04, 2013

Last sale price $2,750,000 $652 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $31,113/month

157 Days on Market

Highlights

  • Ocean View
  • Art Studio
  • Solar Power System
  • Santa Barbara Senior High School Rated A-
  • Property is near an ocean
  • 5-minute walk to Orpet Park

About This Home

As of June 2013

The Spirit of the Riviera with unsurpassed ocean, harbor, and island views! Embracing the history and elegance of the Spanish Colonial Revival period, this home instantly personifies Santa Barbara living. 1703 Paterna has been meticulously renovated inside out, without distrupting the original 1920's architecture and charm. The home includes a 4 bed/3.5 bath main house library or study and Sun Room off of the Master. The property also boasts a separate Guest Residence/Design Studio. Last, but not least, the utilization of photovoltaic cells on the roof adds a contemporary, yet extremely significant touch, lowering the cost of electricity considerably.

Last Agent to Sell the Property

Josiah Hamilton

Berkshire Hathaway HomeServices California Properties License #01415235 Listed on: 12/03/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Marsha Kotlyar

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,794

Year Built

  • Built in 1920

Lot Details

  • 0.36 Acre Lot
  • Back Yard Fenced
  • Irrigation
  • Fruit Trees
  • Property is in excellent condition

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City

Home Design

  • Craftsman Architecture
  • Spanish Architecture
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,220 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Library
  • Art Studio
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Parking

  • Garage
  • Carport

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

  • Property is near a park
  • Property is near schools
  • City Lot

Schools

  • Roosevelt Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Solar Power System
  • Forced Air Heating System

Community Details

  • 2 Units
  • 15 Riviera/Upper Subdivision

Listing and Financial Details

  • Assessor Parcel Number 019-185-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,794

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1920
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • Subdivision Name: 15 - Riviera/Upper
  • Architectural Style: Spanish, Craftsman
  • Carport Y N: Yes
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1920
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 0.36
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Panoramic2: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Tile3: Yes
  • Construction Two Story2: Yes
  • Rooms Art Studio2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Amenities Guest Quarters2: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • ParkingGarage Cpt #12: Yes
  • Laundry:_two_20V Elect2: Yes
  • ParkingGarage Gar #12: Yes
  • Amenities Solar PV2: Yes
  • FlrWdw Coverings Wood2: Yes
  • Style Spanish2: Yes
  • Foundation Raised: Yes
  • View Harbor2: Yes
  • Rooms LbryStudy: Yes
  • View City4: Yes
  • Style Craftsman2: Yes
  • Foundation Pier Post: Yes
  • Assessor's Data Assessor Year Built: 1920.0
  • Assessor's Data Assessor Lot Acres: 0.36
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Gas Stove
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: LR
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Tile
  • View: Ocean, City, Harbor, Panoramic
  • Construction Type: Stucco
  • Acres: 0.36
  • Exterior Features: Deck, Patio Open, Fruit Trees, Yard Irrigation PRT, Fenced: BCK
  • Foundation Details: Raised, Pier & Post

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1, Cpt #1

Utilities

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

Schools

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

Lot Info

  • Parcel #: 019-185-002
  • Zoning: R-1
  • Lot Size Sq Ft: 15681.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2012
Closed on
May 17, 2013
Sold by
Lowenthal Richard M
Bought by
Queener Brett and Carlos Lisandra
Seller's Agent
Josiah Hamilton
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marsha Kotlyar
Berkshire Hathaway HomeServices California Properties
List Price
$2,995,000
Sold Price
$2,750,000
Premium/Discount to List
-$245,000
-8.18%
Current Estimated Value
$5,326,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,576,749
Avg. Annual Appreciation
5.40%

Purchase Details

Closed on
Mar 29, 2013
Sold by
Lowenthal Richard M
Bought by
Lowenthal Richard M

Purchase Details

Closed on
Sep 2, 2011
Sold by
Lowenthal Richard M and Lowenthal Barbara
Bought by
Lowenthal Richard M

Purchase Details

Closed on
Jul 17, 2008
Sold by
Lowenthal Richard M and Lowenthal Barbara Chen
Bought by
Lowenthal Richard M and Lowenthal Barbara Chen
Source: Public Records

Range of Values:

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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
Queener Brett $2,750,000 First American Title Company
Lowenthal Richard M -- None Available
Lowenthal Richard M -- None Available
Lowenthal Richard M -- None Available
Lowenthal Richard M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Queener Carlos Living Trust $850,000
Closed Queener Brett $1,100,000
Open Queener Brett A $1,750,000
Previous Owner Lowenthal Richard M $500,000
Previous Owner Lowenthal Richard M $1,500,000
Previous Owner Lowenthal Richard M $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2013 06/04/13 Sold $2,750,000 -8.2% $652 / Sq Ft
05/09/2013 05/09/13 Pending -- -- --
12/03/2012 12/03/12 For Sale $2,995,000 -- $710 / 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 $35,794 $3,440,773 $1,539,279 $1,901,494
2023 $35,794 $3,307,165 $1,479,508 $1,827,657
2022 $34,539 $3,242,320 $1,450,499 $1,791,821
2021 $33,748 $3,178,746 $1,422,058 $1,756,688
2020 $33,401 $3,146,153 $1,407,477 $1,738,676
2019 $32,818 $3,084,465 $1,379,880 $1,704,585
2018 $32,040 $2,994,575 $1,352,824 $1,641,751
2017 $30,982 $2,935,859 $1,326,299 $1,609,560
2016 $30,138 $2,875,647 $1,300,294 $1,575,353
2014 $29,165 $2,762,485 $1,255,675 $1,506,810
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3648

Santa Barbara Multiple Listing Service

APN: 019-185-002