NOT LISTED FOR SALE

1705 E Valley Rd Santa Barbara, CA 93108

Estimated Value: $2,961,000 - $9,695,000

1.04 Acres
$5,716,346 Price per Acre
45,302 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $2,100,000

Est. 183% increase in value since last sale

Current estimated payment $33,563/month

143 Days on Market

Highlights

  • River Front
  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Santa Barbara Senior High School Rated A-
  • View of Trees or Woods
  • Stream or River on Lot

About This Lot

As of April 2021

OPPORTUNITY AWAITS IN MONTECITO'S PRESTIGIOUS GOLDEN QUADRANGLE!!

Take control of your quality of life. Tucked away down a secluded cul-de-sac lane in one of
Montecito's very best locations, a 1+ acre blank canvas awaits in the form of vacant land...a supremely rare chance to realize your vision of a dream lifestyle from scratch.

Wake up each morning to awe-inspiring sunrises in the East, and drift off to sleep each night enveloped by the tranquil sounds of nature. Situated in a most welcoming community with an award-winning
school system, discover the myriad hidden gems of Montecito's Upper Village. Fancy a hike? Walk up into the hills and discover some of the fantastic trails that wind up from the foothills into the majestic Santa Ynez mountains. Prefer a swim or a beach walk? Bike down to any one of the many quaint and picturesque beaches and stroll along the sand, or take a dip in the striking Pacific Ocean. Maybe some sports? The Valley Club of Montecito, Birnam Wood Golf Club, and Knowlwood Tennis club will not disappoint. Hungry? Try one of the countless delicious restaurants that cater to all diets; whether it's a meal at the world-renowned San Ysidro Ranch or a quick bite along Coast Village Road, there is something for everyone and every occasion. Known for its temperate climate and 300+ days of sunshine annually, these activities are at your fingertips year-round in Montecito! This property is available to the buyer who acts NOW. Head into a fresh year with the opportunity to create a new, bespoke lifestyle, tailored to your specific needs and wants.

Last Agent to Sell the Property

Richard Cheetham

Sotheby's International Realty Listed on: 10/27/2020

Last Buyer's Agent

Marcus Boyle

Berkshire Hathaway HomeServices California Properties License #02013666

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Lot Details

  • 1.04 Acre Lot
  • Home fronts a stream
  • River Front
  • Cul-De-Sac
  • Level Lot

Property Views

  • Woods
  • Mountain

Location

  • Property is near park, public transit, schools, shops, and bus stop

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 007-190-001

Community Details

Overview

  • Foothills

Recreation

  • Property is near an ocean
  • Stream or River on Lot

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Road Frontage Type: River/Stream
  • ResoLotFeatures: Level, Cul-De-Sac, Near Public Transit
  • Property Information Apx # Acres: 1.04
  • 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
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • LocationTopo RiverStream2: Yes
  • View Setting3: Yes
  • LocationTopo Cul-De-Sac2: Yes
  • LocationTopo Foothills2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Wooded, Setting
  • Acres: 1.04
  • Topography: Foothills, Level
  • Waterfront Features: Stream
  • Waterfront: Yes

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 007-190-001
  • Zoning: R-1
  • Lot Size Sq Ft: 45302.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
Apr 12, 2021
Sold by
Grubstein Peter S H and 2006 Peter S
Bought by
Lyons Cecile P and The Cecile Lyons Family Trust
Seller's Agent
Richard Cheetham
Sotheby's International Realty
Buyer's Agent
Marcus Boyle
Berkshire Hathaway HomeServices California Properties
List Price
$2,100,000
Sold Price
$2,100,000
Current Estimated Value
$5,945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,845,000
Avg. Annual Appreciation
24.44%
Original Mortgage
$910,000
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 22, 2011
Sold by
Grubstein Peter S H
Bought by
Grubstein Peter S H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$941,000
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2006
Sold by
Grubstein Peter S H
Bought by
Brubstein Peter S H

Purchase Details

Closed on
Mar 14, 2002
Sold by
Watters Valeska
Bought by
Grubstein Peter S H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.25%

Purchase Details

Closed on
Mar 27, 1995
Sold by
Wilshire Rental Corp
Bought by
Watters Valeska

Purchase Details

Closed on
Mar 20, 1995
Sold by
Grubstein Peter S H
Bought by
Watters Valeska

Purchase Details

Closed on
May 4, 1994
Sold by
Wiechers David O and Wiechers Deborah K
Bought by
Wilshire Rental Corp

Purchase Details

Closed on
Sep 28, 1993
Sold by
Lewis Walter M and Lewis Patty L
Bought by
Wiechers David O and Wiechers Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
6.81%
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
Lyons Cecile P $2,100,000 Chicago Title Company
Grubstein Peter S H -- First American Title Company
Brubstein Peter S H -- None Available
Grubstein Peter S H -- Fidelity National Title Co
Watters Valeska -- Chicago Title Company
Watters Valeska -- Chicago Title Company
Wilshire Rental Corp $1,250,000 Chicago Title Company
Wiechers David O -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lyons Cecile P $910,000
Previous Owner Grubstein Peter S H $941,000
Previous Owner Grubstein Peter S H $1,200,000
Previous Owner Wiechers David O $812,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $2,100,000 0.0% --
03/19/2021 03/19/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $2,100,000 -- --
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 $32,300 $5,793,106 $2,423,106 $3,370,000
2023 $32,300 $2,184,840 $2,184,840 $0
2022 $22,406 $2,142,000 $2,142,000 $0
2021 $6,300 $591,084 $591,084 $0
2020 $6,234 $585,024 $585,024 $0
2019 $4,553 $441,194 $441,194 $0
2018 $2,818 $129,751 $129,751 $0
2017 $17,760 $1,580,876 $848,145 $732,731
2016 $17,214 $1,549,879 $831,515 $718,364
2014 $16,552 $1,496,696 $802,982 $693,714
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Richard Cheetham

    Sotheby's International Realty

  • M

    Buyer's Agent in 2021

    Marcus Boyle

    Berkshire Hathaway HomeServices California Properties

    (805) 452-0440

    4 in this area

    13 Total Sales

    Marcus Boyle
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4219

Santa Barbara Multiple Listing Service

APN: 007-190-001

California Santa Barbara County Santa Barbara 93108

1705 E Valley Rd, Santa Barbara, CA

Not Listed for Sale

Lots

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