NOT LISTED FOR SALE

220 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $4,971,000 - $6,267,000

4 Beds
3 Baths
2,384 Sq Ft
$2,377/Sq Ft Est. Value

Last Sold October 13, 2016

Last sale price $2,000,000 $839 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $31,595/month

Highlights

  • Ranch Style House
  • Santa Barbara Senior High School Rated A-
  • Level Lot

About This Home

As of October 2016

Only a few blocks to Coast Village Road, Butterfly Beach & The Biltmore sits this great opportunity in MUS School Dist. Access this property off a small lane off Olive Mill Road. The home consists of 3beds/2baths plus an attached 1bed/1bath studio on approximately 0.88 acres. Remodel existing home or take advantage of approved MBAR plans.

Last Agent to Sell the Property

Insites Team

Insites Listed on: 09/07/2016

Co-Listed By

Omid Khaki

Insites

Last Buyer's Agent

Marcy Bazzani

Village Properties License #01402612

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 0.88 Acre Lot
  • Level Lot
  • Property is in good condition

Home Design

  • 2,384 Sq Ft Home
  • Ranch Style House
  • Cottage
  • Slab Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Community Details

  • Montecito District Community
  • 10 Hedgerow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 009-640-002

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Directions: Off lane on Right side of Olive Mill Rd just before Casa Dorinda
  • Prop. Type: Residential
  • Year Built: 1948
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Co List Office Mls Id: rci
  • Co List Office Phone: 805-565-5816
  • Subdivision Name: 10 - Hedgerow
  • Architectural Style: Cal Cottage, Ranch
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Good, Average
  • Property Information Year Built2: 1948
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.88
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • Condition Good2: Yes
  • Location Info Development Name: Montecito District
  • Condition Average2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.88
  • Topography: Level
  • Foundation Details: Slab

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-640-002
  • Zoning: R-1
  • Lot Size Sq Ft: 38332.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2016
Closed on
Sep 28, 2016
Sold by
Rodriguez Frank
Bought by
Marcillac Jacques A and Marcillac Allison A
Seller's Agent
Insites Team
Insites
Buyer's Agent
Marcy Bazzani
Village Properties
List Price
$2,075,000
Sold Price
$2,000,000
Premium/Discount to List
-$75,000
-3.61%
Current Estimated Value
$5,665,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,665,734
Avg. Annual Appreciation
11.90%
Original Mortgage
$1,000,000
Outstanding Balance
$792,927
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,872,807

Purchase Details

Closed on
Sep 26, 2013
Sold by
Lambert Thomas J and Mcdonough Catherine A
Bought by
Rodriguez Frank

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
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2013
Sold by
Lambert Thomas J and Mcconough Catherine A
Bought by
Lambert Thomas J and Mcdonough Catherine A

Purchase Details

Closed on
Oct 19, 2012
Sold by
Lambert Thomas J
Bought by
Lambert Thomas J and Mcdonough Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,500
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2011
Sold by
Lambert Thomas J and Mcdonough Catherine
Bought by
Lambert Thomas J and Mcdonough Catherine A

Purchase Details

Closed on
Mar 3, 2009
Sold by
Clapp Charles Barton and Hansen Soren
Bought by
Lambert Thomas J and Mcdonough Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,750
Interest Rate
5.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 16, 2008
Sold by
Clapp Charles Barton and Hansen Soren
Bought by
Clapp Charles Barton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
5.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 10, 2003
Sold by
Clapp Barton
Bought by
Clapp Barton and Hansen Jorgen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 5, 2003
Sold by
Clapp Barton and Hansen Jorgen
Bought by
Clapp Barton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 7, 2001
Sold by
Clapp Barton and Hansen Jorgen
Bought by
Clapp Barton and Hansen Jorgen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.15%
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
Marcillac Jacques A $2,000,000 Fidelity National Title Co
Rodriguez Frank $1,395,000 Fidelity National Title Co
Lambert Thomas J -- None Available
Lambert Thomas J -- Ticor Title Company
Lambert Thomas J -- Ticor Title Company
Lambert Thomas J -- Ticor Title Company
Lambert Thomas J -- None Available
Lambert Thomas J -- Fidelity National Title Co
Clapp Charles Barton -- Fidelity National Title Co
Clapp Charles Barton -- First American Title
Clapp Barton -- --
Clapp Barton -- Fidelity National Title Co
Clapp Barton -- American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marcillac Jacques A $1,000,000
Previous Owner Rodriguez Frank $700,000
Previous Owner Lambert Thomas J $576,500
Previous Owner Lambert Thomas J $603,750
Previous Owner Clapp Charles Barton $282,000
Previous Owner Clapp Barton $250,000
Previous Owner Clapp Barton $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2016 10/13/16 Sold $2,000,000 -3.6% $839 / Sq Ft
09/07/2016 09/07/16 Pending -- -- --
09/07/2016 09/07/16 For Sale $2,075,000 -- $870 / 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 $27,149 $2,528,288 $1,856,934 $671,354
2023 $27,149 $2,430,114 $1,784,828 $645,286
2022 $26,269 $2,382,466 $1,749,832 $632,634
2021 $25,742 $2,335,752 $1,715,522 $620,230
2020 $25,499 $2,311,803 $1,697,932 $613,871
2019 $12,911 $1,111,147 $1,082,016 $29,131
2018 $2,494 $244,800 $244,800 $0
2017 $22,714 $2,000,000 $1,600,000 $400,000
2016 $16,779 $1,444,570 $1,139,088 $305,482
2014 $15,985 $1,395,000 $1,100,000 $295,000
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2016

    Insites Team

    Insites

  • O

    Seller Co-Listing Agent in 2016

    Omid Khaki

    Insites

  • M

    Buyer's Agent in 2016

    Marcy Bazzani

    Village Properties

    (805) 717-0450

    5 in this area

    30 Total Sales

    Marcy Bazzani
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2974

Santa Barbara Multiple Listing Service

APN: 009-640-002

California Santa Barbara County Santa Barbara 93108

220 Olive Mill Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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