NOT LISTED FOR SALE

1880 E Valley Rd Santa Barbara, CA 93108

Estimated Value: $8,543,000 - $15,658,185

5 Beds
6 Baths
7,563 Sq Ft
$1,600/Sq Ft Est. Value

Last Sold September 16, 2014

Last sale price $10,500,000 $1,388 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $75,443/month

613 Days on Market

Highlights

  • Ocean View
  • Horse Facilities
  • Greenhouse
  • Santa Barbara Senior High School Rated A-
  • Stables
  • Spa

About This Home

As of September 2014

Located in prime Montecito, this distinguished Mediterranean Estate was designed by renowned architect, Reginald Johnson. As you pass through the distinguished iron gates and drive along the winding driveway, you will fall in love with the majestic Oak trees and the park like grounds. Upon its completion in 1917, the home was awarded a Medal of Honor by The American Institute of Architects. Amy du acquired the property in 1920 and named the property a€œLa Casa del Suenoa€ (House of Dreams) and it remained hers for forty-four years. She developed the world-class botanic gardens that feature spectacular Magnolia trees, Star Pines and a cactus/succulent garden. The famous balladeer, Burl Ives, acquired the property in 1974 and owned it for the next fifteen years.
This magnificent Six Bedroom Seven Bath Home is surrounded by lush gardens to create a serene park like environment, with a rose garden filled with long stem roses, grounds surrounded with sophisticated topiary, a bent grass Putting Green, an 80 foot pool, a gazebo Spa, Horse stables with three stalls, a coral and tack room, an attached guest house. To complete this estate, there is a two thousand square foot entertainment pavilion used as a game/media room with curtained stage, its own private terrace with fountain, a separate gym/dance studio, a private gated entrance with a large parking area. Across the circular motor court, there is a detached four-car garage with a third gated entrance that provides convenient access to the home.
With a marvelous and majestic entrance, you will immediately feel the grandeur of this spectacular home. There is a Drawing Room to the right with mahogany paneled walls, a beam ceiling and Italian marble fireplace. Across the grand hall is the formal living room with multiple French doors that open to the expansive terrace for entertaining.
The Dining room is lined with a copper wainscoting and trimmed in nickel and brass with French doors on three sides leading to the terrace. The museum quality mural was commissioned by Amy du Pont in the 1920a€TMs and fashioned after the Tea Room at the famed El Mirasol Hotel. With a silver and gold leaf desert motif, the popular art deco mural was painted by the famous artists Adele and Herbert Huerter. The blue found in the beautiful four-sided mural was painted in a particular shade of blue, known at that time as a€œHuerter Bluea€ and today many estates and public buildings are accented with the same color, now known as a€œSanta Barbara Bluea€.
The gourmet kitchen is complete with high end appliances, granite counters, a wonderful walk-in pantry and a butlera€TMs pantry that leads to the dining room. Adjoining the kitchen is great room that includes a dining area and a massive stone fireplace. This room also has French doors that lead to an outdoor terrace. There is a massive storage area on the basement level as well as a walk-in wine cellar with an antique safe door.
The upper level master suite includes a light filled sitting room with a wall of French doors to a balcony overlooking the lush grounds and the Pacific Ocean. This luscious suite includes a Vincenza stone fireplace, a dual master bath, finished in azure jade marble and two spacious walk-in closets. There are three additional bedroom suites on the second level, two over-sized. Each of these suites have privacy and enjoy wonderful views.
To truly appreciate the unique estate named a€œLa Casa del Suenoa€, one must visit and tour the lush grounds with its amenities and private setting that is located in the heart of Montecito.

Last Agent to Sell the Property

Timothy Dahl

Berkshire Hathaway HomeServices California Properties Listed on: 01/07/2013

Last Buyer's Agent

Timothy Dahl

Pitts & Bachmann Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1917

Lot Details

  • 4.42 Acre Lot
  • Gated Home
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in good condition
  • Property is zoned E-1

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,563 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Game Room
  • Home Gym
  • Home Security System
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Stove
  • Gas Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • Detached Garage
  • Uncovered Parking

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Greenhouse
  • Gazebo

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

Horse Facilities and Amenities

  • Paddocks
  • Stables

Utilities

  • Forced Air Heating System
  • Water Softener is Owned
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • Horse Facilities
  • Horses Allowed in Community

Listing and Financial Details

  • Home Protection Policy
  • Assessor Parcel Number 007-130-009

Home Details

Home Type

Single Family

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Directions: Highway 101 South from Santa Barbara, exit San Ysidro Rd. Turn left, toward mountains. Make a right onto East Valley Rd. and continue to 1880 East Valley Rd.
  • Prop. Type: Residential
  • Year Built: 1917
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Subdivision Name: Other
  • Architectural Style: Medit
  • Reso Flooring: Wood, Carpet, Marble
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other, Stable(s), Paddock, Greenhouse
  • Reso Property Condition: Good
  • Property Information Year Built2: 1917
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 4.42
  • 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
  • Exterior:Stucco: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Marble2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Horse Facility2: Yes
  • Other Buildings Stable2: Yes
  • Other Buildings Paddock2: Yes
  • ViewOcean: Yes
  • Amenities Horses2: Yes
  • ParkingGarage Detached: Yes
  • Laundry:_two_20V Elect2: Yes
  • Site Improvements Cable TV3: Yes
  • Appliances Included OvenBltin: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • FlrWdw Coverings Wood2: Yes
  • Property Information Apx Lot Size FxD: 192,535
  • Pets Yes: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • Rooms Patio Enclosed2: Yes
  • WaterSewer Meter In: Yes
  • Dining Nook2: Yes
  • Other Buildings Greenhouse2: Yes
  • Appliances Included Elect Stove2: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Amenities Protection Plan2: Yes
  • Rooms Game Room3: Yes
  • Assessor's Data Assessor Year Built: 1917.0
  • Assessor's Data Assessor Lot Acres: 4.42
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Refrigerator, Gas Range, Oven/Bltin, Dishwasher, Disposal, Dryer, Elect Stove, Gas Stove, Microwave, Washer, Wtr Softener/Owned
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, 2+, Gas, LR
  • Total Bedrooms: 13
  • Bedrooms Basement: Yes
  • Appliances Included:Trash Compactor2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Setting
  • Construction Type: Other, Stucco
  • Acres: 4.42
  • Topography: Level
  • Exterior Features: Other, Pool, Deck, Patio Open, Patio Covered, SPA-Outside, Gazebo, Horse Facility, Lawn, Fruit Trees, Wooded, Fenced: ALL
  • Foundation Details: Mixed
  • Patio And Porch Features: Enclosed

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Meter In, 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 #: 007-130-009
  • Zoning: E-1
  • Lot Size Sq Ft: 192535.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2013
Closed on
Sep 12, 2014
Sold by
Towle Rose Marie
Bought by
Evr Estate Llc
Seller's Agent
Timothy Dahl
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Timothy Dahl
Pitts & Bachmann Realtors
List Price
$18,800,000
Sold Price
$10,500,000
Premium/Discount to List
-$8,300,000
-44.15%
Current Estimated Value
$12,100,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,600,593
Avg. Annual Appreciation
1.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Evr Estate Llc $10,500,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2014 09/16/14 Sold $10,500,000 -44.1% $1,388 / Sq Ft
09/12/2014 09/12/14 Pending -- -- --
01/07/2013 01/07/13 For Sale $18,800,000 -- $2,486 / 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 $144,530 $14,009,117 $6,009,251 $7,999,866
2023 $144,530 $13,465,127 $5,775,905 $7,689,222
2022 $139,636 $13,201,105 $5,662,652 $7,538,453
2021 $136,726 $12,942,261 $5,551,620 $7,390,641
2020 $135,366 $12,809,555 $5,494,695 $7,314,860
2019 $131,938 $12,558,388 $5,386,956 $7,171,432
2018 $123,045 $11,696,460 $5,281,330 $6,415,130
2017 $116,413 $11,038,327 $5,177,775 $5,860,552
2016 $111,223 $10,660,125 $5,076,250 $5,583,875
2014 $90,905 $8,655,616 $4,327,808 $4,327,808
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-51

Santa Barbara Multiple Listing Service

APN: 007-130-009