NOT LISTED FOR SALE

Estimated Value: $5,136,000 - $6,160,811

2 Beds
1 Bath
1,128 Sq Ft
$5,007/Sq Ft Est. Value

Last Sold January 17, 2018

Last sale price $3,200,000 $2,837 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $31,155/month

288 Days on Market

About This Home

As of January 2018

Scenic, unspoiled and with spectacular OCEAN VIEWS, Rancho Monte Alegre fulfills the promise that is Santa Barbara. This lower
Rancho Monte Alegre lot offers 10 mostly flat acres, an orchard, room for horses & rustic farmhouse. This is a great opportunity to create a
relaxed, luxurious & refined country retreat promising an exceptional lifestyle only moments to Carpinteria and Montecito.

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 02/02/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 10.65 Acre Lot

HOA Fees

  • $160 Monthly HOA Fees

Property Views

  • Ocean
  • Mountain

Home Design

  • 1,128 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Aliso Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 155-170-075

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Association Fee: $160 / Month
  • Directions: From the South -- take HWY 101 to Santa Monica Road; go North across HWY 192 (Foothill) until you reach the gates. From the North -- HWY 192 (Foothill) to Santa Monica Road; go North to the gates.
  • Prop. Type: Residential
  • Year Built: 1925
  • Reso Property Sub Type: Home/Estate
  • Reso Association Amenities: Other
  • Property Information Year Built2: 1925
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 10.65
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Property Information Within City Limits: No
  • ViewOcean: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • View: Mountain(s), Ocean
  • Acres: 10.65

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Aliso
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 155-170-075
  • Zoning: Other
  • Lot Size Sq Ft: 463914.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2017
Closed on
Dec 5, 2017
Sold by
Chen Kelvin Y and Chen Nain Lai
Bought by
Steffens Carl and Steffens Lynne
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$3,080,000
Sold Price
$3,200,000
Premium/Discount to List
$120,000
3.9%
Current Estimated Value
$5,517,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,317,031
Avg. Annual Appreciation
7.38%
Original Mortgage
$1,800,000
Outstanding Balance
$1,515,442
Interest Rate
3.94%
Mortgage Type
Unknown
Estimated Equity
$4,132,964

Purchase Details

Closed on
Aug 9, 2005
Sold by
Lone Tree Properties Santa Barbara Llc
Bought by
Chen Kelvin Y and Chen Nain Lai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.75%
Mortgage Type
New Conventional
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
Steffens Carl $3,200,000 Lawyers Title
Chen Kelvin Y $3,559,000 Lawyers Title Co
Lone Tree Properties Santa Barbara Llc -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steffens Carl $1,800,000
Previous Owner Chen Kelvin Y $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2018 01/17/18 Sold $3,200,000 +3.9% $2,837 / Sq Ft
11/16/2017 11/16/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $3,080,000 -- $2,730 / 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 $26,095 $2,460,270 $2,175,818 $284,452
2023 $26,095 $2,399,262 $2,125,854 $273,408
2022 $25,402 $2,356,231 $2,088,183 $268,048
2021 $24,461 $2,319,092 $2,056,299 $262,793
2020 $24,110 $2,285,047 $2,024,947 $260,100
2019 $23,560 $2,232,896 $1,977,896 $255,000
2018 $23,869 $2,253,485 $2,148,440 $105,045
2017 $23,267 $2,191,415 $2,127,501 $63,914
2016 $22,829 $2,145,113 $2,082,218 $62,895
2014 $19,748 $1,927,056 $1,866,132 $60,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-370

Santa Barbara Multiple Listing Service

APN: 155-170-075