NOT LISTED FOR SALE

1755 Fernald Point Ln Montecito, CA 93108

Estimated Value: $5,280,000

4 Beds
-- Bath
-- Sq Ft
3.16 Acres Lot

Sale Details

Date Sold: April 25, 2014

Last sale price $19,870,000

Current estimated payment $33,854 / mo

80 Days on Market

Highlights

  • Ocean Front
  • Tennis Courts
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • 3.16 Acre Lot
  • Cathedral Ceiling

About This Home

As of April 2014

One of a kind Montecito Beachfront Estate/Fernald Point on 2 parcels. Charming 3bd/4.5ba home on one parcel, estate site w/ approx. 300ft of prime beach frontage on 2nd parcel w/Marc Appleton plans & elaborate foundation in place for a 13,000+/- sf residence. Totaling 3+ acres, the lush, gated grounds feature a n/s tennis court & mature specimen trees creating the ultimate beachfront retreat.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 11/20/2013

Last Buyer's Agent

Suzanne Perkins

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Lot Details

  • 3.16 Acre Lot
  • Ocean Front
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Property is in good condition
  • Property is zoned E-1

Property Views

  • Ocean
  • Beach
  • Mountain

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • Remodeled Bathroom
  • 1-Story Property
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet

Parking

  • Garage
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Tennis Courts
  • Patio

Schools

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

Utilities

  • Forced Air Heating System

Community Details

  • 10 Fernald Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 007-380-025

Home Details

Home Type

Single Family

Lot Details

3.16 Acres

Listing Details

  • Directions: Take S. Jameson Lane to Posilipo Lane, turn right. Turn left on Fernald Point Lane.
  • Prop. Type: Residential
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Subdivision Name: 10 - Fernald Point
  • Architectural Style: Cal Cottage
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.16
  • 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
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Condition Good2: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • Foundation Raised: Yes
  • LocationTopo Oceanfront2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Double Oven, Gas Stove
  • Fireplace Features: LR
  • Total Bedrooms: 7
  • Appliances Included:Double Oven2: Yes
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Composition
  • View: Beach, Mountain(s), Ocean
  • Construction Type: Stucco
  • Acres: 3.16
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Tennis Court(s), Patio Open, Fruit Trees, Yard Irrigation PRT
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Unc #4

Utilities

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

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 007-380-025
  • Zoning: E-1
  • Lot Size Sq Ft: 137649.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2013
Closed on
Apr 15, 2014
Sold by
Sperling Peter V
Bought by
True Horizons Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Suzanne Perkins
Sotheby's International Realty
List Price
$28,000,000
Sold Price
$19,870,000
Premium/Discount to List
-$8,130,000
-29.04%
Current Estimated Value
$5,280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,590,000
Avg. Annual Appreciation
-10.41%

Purchase Details

Listed on
Nov 20, 2013
Closed on
Mar 11, 2014
Sold by
Sperling Peter V and Sperling Stephanie G
Bought by
Sperling Peter
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Suzanne Perkins
Sotheby's International Realty
List Price
$28,000,000
Sold Price
$19,870,000
Premium/Discount to List
-$8,130,000
-29.04%

Purchase Details

Closed on
Jul 8, 1999
Sold by
Steinbeck Jay Trustee and Steinbeck Jay Tr 12-16-86
Bought by
Gladstone Property Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
True Horizons Llc -- Chicago Title Company
Sperling Peter -- None Available
Gladstone Property Company -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2014 04/25/14 Sold $19,870,000 -29.0% --
02/07/2014 02/07/14 Pending -- -- --
11/19/2013 11/19/13 For Sale $28,000,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $316,691 $31,143,270 $20,190,328 $10,952,942
2023 $316,691 $29,933,941 $19,406,314 $10,527,627
2022 $305,225 $29,347,002 $19,025,799 $10,321,203
2021 $298,767 $28,771,572 $18,652,745 $10,118,827
2020 $295,784 $28,476,556 $18,461,485 $10,015,071
2019 $289,575 $27,918,194 $18,099,496 $9,818,698
2018 $274,641 $26,613,917 $17,521,075 $9,092,842
2017 $225,040 $21,746,979 $17,179,486 $4,567,493
2016 $184,214 $17,987,236 $16,744,595 $1,242,641
2014 $189,721 $18,424,076 $16,594,471 $1,829,605
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2014

    Robert Riskin

    Village Properties

    (805) 698-0199

    129 in this area

    198 Total Sales

    Robert Riskin
    Section Image

  • S

    Buyer's Agent in 2014

    Suzanne Perkins

    Sotheby's International Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-3638

Santa Barbara Multiple Listing Service

APN: 007-380-025

California Santa Barbara County Montecito 93108

1755 Fernald Point Ln, Montecito, CA

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