NOT LISTED FOR SALE

Estimated Value: $5,893,000 - $7,517,000

7 Beds
9 Baths
6,847 Sq Ft
$986/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $5,620,000 $821 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $40,480/month

73 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • Art Studio
  • Property is near an ocean
  • Ocean View
  • Spa
  • 4.3 Acre Lot

About This Home

As of June 2022

The tranquil and private setting of this unique gated property offers resort like amenities and expansive ocean and mountain views to anyone desiring their own private oasis. With contemporary Mediterranean architecture the main residence, filled with an abundance of natural light, offers 6 bedrooms and 8 baths on three levels. This private resort-like home offers 2 sumptuous master suites and 4 additional spacious bedrooms, primary bedroom and family room with fireplace, living room with fireplace and wet bar, multiple view balconies, a 600 bottle wine room, separate library/office, exercise room and an additional bonus room perfectly suited as an art, entertainment/music or yoga room. Additional amenities include a 1 bedroom/1 bath guest house/casita (a total of 7 generous bedrooms) inviting, private pool and spa, 4 zone air conditioning plus a 4 car attached garage, custom landscaping and a 6000 gallon water tank on approximately 4 acres.

This unique property is the ideal primary home or vacation home getaway!

Showings by appointment only Call listing agent with 24 hours notice please.

Last Agent to Sell the Property

Mike Nicassio

Sotheby's International Realty Listed on: 07/22/2021

Last Buyer's Agent

Christina Arechaederra

R & LS Investments Inc. License #01040589

R & LS Investments Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1989

Lot Details

  • 4.3 Acre Lot
  • Hilly Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned A-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Spanish Architecture
  • Mediterranean Architecture
  • Tri-Level Property
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • Central Vacuum
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Game Room
  • Art Studio
  • Music Room
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Built-In Double Oven
  • Built-In Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

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

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio
  • Built-In Barbecue

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Water Softener is Owned
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 005-290-027

Community Details

Overview

  • 2 Units
  • 05 Summerland Subdivision
  • Foothills

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Directions: Exit Santa Claus lane to Hwy 192 to La Miranda Dr turn left toward mountains to Paquita Dr turn left. Turn left to Arriba follow driveway to 1984 Gated entry on the left
  • Prop. Type: Residential
  • Year Built: 1989
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Common Area
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 05 - Summerland
  • Architectural Style: Contemporary, Medit, Spanish
  • Reso Flooring: Wood, Carpet, Hardwood, Marble, Tile
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1989
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 4.3
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Hilly2: Yes
  • Site Improvements Underground Util: Yes
  • Property Information ADU: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Art Studio2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Style:Contemporary2: Yes
  • WaterSewer Septic In: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • FlrWdw Coverings Wood2: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • Style Spanish2: Yes
  • ParkingGarage Gar #4: Yes
  • Laundry Common Area2: Yes
  • Rooms LbryStudy: Yes
  • LocationTopo Foothills2: Yes
  • Appliances Included Central Vac2: Yes
  • Rooms Music Room2: Yes
  • Construction Tri-Level2: Yes
  • Rooms Game Room3: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Refrigerator, Gas Range, Oven/Rnge/Blt-In, Central Vac, Dishwasher, Disposal, Double Oven, Wtr Softener/Owned
  • Full Bathrooms: 6
  • Half Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace Features: Primary Bedroom, Family Room, LR
  • Appliances Included:Double Oven2: Yes
  • Appliances Included:Trash Compactor2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Panoramic
  • Construction Type: Stucco
  • Acres: 4.3
  • Topography: Foothills, Hilly
  • Exterior Features: Pool, Deck, Patio Open, SPA-Outside, Hot Tub, Lawn, Fruit Trees
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4, Interior Access

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Carp Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 005-290-027
  • Zoning: A-1
  • Lot Size Sq Ft: 187308.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Jun 20, 2022
Sold by
Holloway and Cindy
Bought by
Twilight Home Llc
Seller's Agent
Mike Nicassio
Sotheby's International Realty
Buyer's Agent
Christina Arechaederra
R & LS Investments Inc.
List Price
$6,495,000
Sold Price
$5,620,000
Premium/Discount to List
-$875,000
-13.47%
Current Estimated Value
$6,750,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,130,929
Avg. Annual Appreciation
5.38%

Purchase Details

Closed on
Jul 23, 1996
Sold by
Mcdonald Arthur and Mcdonald Barbara Jane
Bought by
Holloway Larry and Holloway Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,875
Interest Rate
4.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Twilight Home Llc $5,892,727 First American Title
Holloway Larry $982,454 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holloway Larry $736,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2022 07/01/22 Off Market $5,620,000 -- --
06/30/2022 06/30/22 Sold $5,620,000 -13.5% $821 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $6,495,000 -- $949 / 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 $61,302 $5,963,988 $1,591,812 $4,372,176
2023 $61,302 $5,339,000 $1,425,000 $3,914,000
2022 $15,943 $1,507,893 $767,377 $740,516
2021 $15,606 $1,478,328 $752,331 $725,997
2020 $15,451 $1,463,170 $744,617 $718,553
2019 $15,148 $1,434,481 $730,017 $704,464
2018 $14,910 $1,406,354 $715,703 $690,651
2017 $14,651 $1,378,779 $701,670 $677,109
2016 $14,398 $1,351,745 $687,912 $663,833
2014 $13,385 $1,305,361 $664,307 $641,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2738

Santa Barbara Multiple Listing Service

APN: 005-290-027