NOT LISTED FOR SALE

Estimated Value: $3,663,000 - $6,016,000

0.79 Acre
$5,523,604 Price per Acre
34,412 Sq Ft Lot

Last Sold October 09, 2020

Last sale price $650,000 $267 Per Sq Ft

Est. 571% increase in value since last sale

Current estimated payment $25,574/month

Highlights

  • Property is near an ocean
  • View of Trees or Woods
  • Foothills
  • Cold Spring Elementary School Rated A
  • Property is near a park

About This Lot

As of October 2020

Ready to Build! 3 bed, 3.5 bath home + separate apartment over 2 car garage on ~0.8 acre. Planning & Building department approvals in place. Utilities on site, Santa Barbara Water and Sewer. Located in Award Winning Cold Spring School district. Plans are approved to build this 2-story, 3 bedroom/ 3.5 bath home. The 2,360 sq ft open living-kitchen floor plan residence has soaring ceilings, and traditional Santa Barbara indoor/outdoor flowing lifestyle with expansive folding door system and French doors. In addition, a private 626 sq ft ADU (accessory dwelling unit) above the separate 2 car garage has extra storage and abundant natural light. Enjoy this natural terraced, wooded setting with mountain views, bubbling seasonal creek, and star-gazing. Video link is here http://vid.us/gm9p7i

Last Agent to Sell the Property

Geoff Rue

Compass License #01939927 Listed on: 07/19/2020

Compass

Last Buyer's Agent

Rudy Tatman

Tatman Real Estate License #00409741

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $23,782

Lot Details

  • 0.79 Acre Lot
  • Property is zoned A-1

Property Views

  • Woods
  • Mountain

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 013-163-018

Community Details

Overview

  • 15 Las Canoas/El Cielito Subdivision
  • Foothills

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$23,782

Lot Details

0

Listing Details

  • Directions: Salinas/Alameda Padre Serra to Sycamore Canyon Road to intersection of Stanwood and Sycamore Canyon Road.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Las Canoas/El Cielito
  • Property Information Apx # Acres: 0.79
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • Site Improvements Electric4: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: 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
  • Proximity Near Hospital2: Yes
  • LocationTopo Foothills2: Yes
  • Utility Info Gas6: Yes
  • Site Improvements Gas7: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Wooded
  • Acres: 0.79
  • Topography: Foothills

Utilities

  • Water Source: SB Wtr

Schools

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

Lot Info

  • Parcel #: 013-163-018
  • Zoning: A-1
  • Lot Size Sq Ft: 34412.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2022
Sold by
Gross Howard M and Lynn Andrea
Bought by
Gross Family 2007 Revocable Trust
Current Estimated Value
$4,363,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,551,057
Interest Rate
4.16%
Estimated Equity
$2,096,950

Purchase Details

Listed on
Jul 19, 2020
Closed on
Aug 20, 2020
Sold by
1790 Sycamorebuilt Llc
Bought by
Bghs Holdings Llc
Seller's Agent
Geoff Rue
Compass
Buyer's Agent
Rudy Tatman
Tatman Real Estate
List Price
$720,000
Sold Price
$650,000
Premium/Discount to List
-$70,000
-9.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.89%
Original Mortgage
$1,346,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 7, 2018
Closed on
Nov 2, 2018
Sold by
Mti Capital Inc
Bought by
1790 Sycamore Builte Inc
Seller's Agent
Trey Evans
Evans Realty & Investments
Buyer's Agent
Terence Alemann
Alemann and Associates
List Price
$589,000
Sold Price
$530,000
Premium/Discount to List
-$59,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.34%
Original Mortgage
$0
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2016
Sold by
Mti Captial Inc
Bought by
Mti Capital Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2015
Sold by
Willows David L
Bought by
Mti Capital Inc

Purchase Details

Closed on
Jul 23, 2014
Sold by
Sycamore Heights Llc
Bought by
Mountain Paradise Llc

Purchase Details

Closed on
Dec 5, 2005
Sold by
Willows David L
Bought by
Sycamore Heights Llc

Purchase Details

Closed on
Jul 14, 2005
Sold by
Willows David L
Bought by
Willows David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 26, 2003
Sold by
Willows David L
Bought by
Dw Living Trust and Willows David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
5.37%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 18, 1999
Sold by
Willows David L and Willows Emalyn
Bought by
Willows David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7%

Purchase Details

Closed on
Nov 6, 1995
Sold by
State Street Bank & Trust Company
Bought by
Willows David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
10.25%

Purchase Details

Closed on
Oct 6, 1995
Sold by
Cunningham James L and Steele Trudy M
Bought by
State Street Bank & Trust Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,000
Interest Rate
10.25%
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
Gross Family 2007 Revocable Trust -- First American Title
Gross Howard M -- First American Title
Gross Howard M -- First American Title
Bghs Holdings Llc $650,000 First American Title Company
1790 Sycamore Builte Inc $530,000 Chicago Title Co
Mti Capital Inc -- First American Title Company
Mti Capital Inc $280,132 None Available
Mountain Paradise Llc -- None Available
Sycamore Heights Llc -- --
Willows David L -- Old Republic Title Company
Dw Living Trust -- --
Willows David L -- Fidelity National Title Co
Willows David L -- Stewart Title
State Street Bank & Trust Company $420,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Family 2007 Revocable Trust $1,650,000
Previous Owner Bghs Holdings Llc $1,346,000
Previous Owner 1790 Sycamorebuild Llc $387,000
Previous Owner 1790 Sycamorebuilt Llc $0
Previous Owner Mti Capital Inc $200,000
Previous Owner Mti Capital Inc $182,000
Previous Owner Willows David L $200,000
Previous Owner Willows David L $910,000
Previous Owner Willows David L $650,000
Previous Owner Willows David L $293,000
Closed 1790 Sycamore Builte Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $650,000 -9.7% $267 / Sq Ft
07/18/2020 07/18/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $720,000 +35.8% $296 / Sq Ft
11/15/2018 11/15/18 Sold $530,000 -10.0% $218 / Sq Ft
05/19/2018 05/19/18 Pending -- -- --
07/14/2017 07/14/17 For Sale $589,000 -- $242 / 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 $23,782 $2,313,079 $697,328 $1,615,751
2023 $23,782 $2,223,260 $670,250 $1,553,010
2022 $17,486 $1,663,000 $657,500 $1,005,500
2021 $6,882 $650,000 $625,000 $25,000
2020 $5,698 $540,600 $510,000 $30,600
2019 $5,625 $530,000 $500,000 $30,000
2018 $3,891 $364,140 $364,140 $0
2017 $3,824 $357,000 $357,000 $0
2016 $3,756 $350,000 $350,000 $0
2015 $3,768 $350,000 $350,000 $0
2014 -- $289,924 $271,030 $18,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2727

Santa Barbara Multiple Listing Service

APN: 013-163-018