NOT LISTED FOR SALE

201 Olive St Summerland, CA 93067

Estimated Value: $1,258,000 - $1,616,000

5.69 Acres
$247,169 Price per Acre
247,856 Sq Ft Lot

Last Sold November 25, 2020

Last sale price $972,000

Est. 45% increase in value since last sale

Current estimated payment $8,519/month

296 Days on Market

Highlights

  • Property is near an ocean
  • Mountain View
  • Property is near a park
  • 5.69 Acre Lot

About This Lot

As of November 2020

Offering panoramic views of the mountains, this incredibly serene & bucolic approximately 5.69-acre parcel rests in Summerland, a charming community known for its stunning views, laid-back lifestyle, and award-winning elementary school. The property is uniquely a part of a 16-acre nature preserve lined with mature grove trees, providing a rare combination of convenience and tranquility. Previously unavailable in the Montecito Water District, a water meter was obtained in October of 2019, providing service to the approximately 1.17 acre development window and potential home site. Conceptual renderings from noted local architects showcase the endless possibilities that this singular property holds. With convenient access to equestrian trails, proximity to the prestigious Carpinteria Polo Fields and potential for horse facilities, this property is a prime home site for equestrian fans. Located just moments from incredible beaches, restaurants, shopping and hiking trails, this is an outstanding opportunity to build your dream estate.

Last Agent to Sell the Property

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 11/22/2019

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Maurie McGuire

Sotheby's International Realty License #01061042

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,993

Lot Details

  • 5.69

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Additional Features

  • Mountain Views
  • 5.69 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 005-080-021

Community Details

Overview

  • 05 Summerland Subdivision

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$10,993

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Subdivision Name: 05 - Summerland
  • Property Information Apx # Acres: 5.69
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • View Setting3: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Setting
  • Acres: 5.69

Utilities

  • Water Source: Mont Wtr

Condo/Co-op/Association

  • Community Features: Other

Schools

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

Lot Info

  • Parcel #: 005-080-021
  • Zoning: Other
  • Lot Size Sq Ft: 247856.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2019
Closed on
Oct 22, 2020
Sold by
Murray Brian D and Murray Sarah R
Bought by
Zibulewsky Joseph and Zibulewsky Allison
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Maurie McGuire
Sotheby's International Realty
List Price
$1,195,000
Sold Price
$972,000
Premium/Discount to List
-$223,000
-18.66%
Current Estimated Value
$1,406,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,390
Avg. Annual Appreciation
8.02%
Original Mortgage
$631,800
Outstanding Balance
$582,046
Interest Rate
4.87%
Mortgage Type
New Conventional
Estimated Equity
$824,344

Purchase Details

Closed on
Dec 19, 2018
Sold by
Murray Brian D and Murray Sarah R
Bought by
Brian & Sarah Murray Family Trust

Purchase Details

Closed on
Jun 23, 2014
Sold by
Jeremias Stefan
Bought by
202 Temple Llc

Purchase Details

Closed on
Sep 28, 2007
Sold by
Theilmann Theodore Neil and Theilmann Mary Anne
Bought by
Jeremias Stefan and Jeremias Kate

Purchase Details

Closed on
Dec 18, 2006
Sold by
Doty Cheryl
Bought by
Theilmann Theodore Neil and Theilmann Mary Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2004
Sold by
Cleary Lorene and Comperatore Ryan
Bought by
Doty Cheryl
Source: Public Records

Range of Values:

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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
Zibulewsky Joseph $972,000 Chicago Title Company
Murray Brian D -- Accommodation
Brian & Sarah Murray Family Trust -- None Available
202 Temple Llc $719,000 Chicago Title Company
Jeremias Stefan -- Equity Title Company Santa B
Theilmann Theodore Neil -- Equity Title Company Santa B
Doty Cheryl -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zibulewsky Joseph $631,800
Previous Owner Theilmann Theodore Neil $700,000
Previous Owner Cleary Lorene $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $972,000 -18.7% --
09/13/2020 09/13/20 Pending -- -- --
11/22/2019 11/22/19 For Sale $1,195,000 -- --
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 $10,993 $1,052,122 $1,052,122 --
2023 $10,993 $1,011,268 $1,011,268 $0
2022 $10,626 $991,440 $991,440 $0
2021 $10,407 $972,000 $972,000 $0
2020 $8,664 $805,920 $805,920 $0
2019 $8,498 $790,118 $790,118 $0
2018 $8,367 $774,626 $774,626 $0
2017 $8,226 $759,438 $759,438 $0
2016 $8,087 $744,548 $744,548 $0
2014 $7,529 $780,000 $780,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Cristal Clarke

    Seller's Agent in 2020

    Cristal Clarke

    Berkshire Hathaway HomeServices California Properties

    (805) 886-9378

    13 in this area

    222 Total Sales

    Cristal Clarke
    Section Image
  • Maurie McGuire

    Buyer's Agent in 2020

    Maurie McGuire

    Sotheby's International Realty

    (805) 403-8816

    1 in this area

    30 Total Sales

    Maurie McGuire
    Section Image

  • S

    Buyer Co-Listing Agent in 2020

    Scott Westlotorn

    Coldwell Banker Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-3944

Santa Barbara Multiple Listing Service

APN: 005-080-021

California Santa Barbara County Summerland 93067

201 Olive St, Summerland, CA

This home is located at 201 Olive St, Summerland, CA 93067 since 22 November 2019 and is currently estimated at $1,406,390. 201 Olive St is a home located in Santa Barbara County with nearby schools including Carpinteria Senior High School, Our Lady of Mount Carmel School, and Crane Country Day School.

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