NOT LISTED FOR SALE

231 Butterfly Ln Santa Barbara, CA 93108

Estimated Value: $5,113,372 - $6,760,000

5 Beds
3 Baths
2,360 Sq Ft
$2,491/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $5,400,000 $2,288 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $36,556/month

80 Days on Market

Highlights

  • Property is near an ocean
  • View of Trees or Woods
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • Mediterranean Architecture

About This Home

As of September 2023

This exceptionally private, turnkey 5 bedroom 3 bath home is beautifully situated on a nearly 1/2 acre gated lot in one of the most coveted locations in all of Montecito. Beautifully remodeled with designer finishes , top of the line appliances and fixtures. Only a short stroll from the fine dining, shops and farmers market on Coast Village Road. Butterfly Beach is directly accessible just a few blocks away from your front door and The Montecito Club with its Jack Nicklaus Golf Course, tennis, fitness, pools, and family amenities are literally around the corner. Exceptional landscape design with magical outdoor dining and entertaining areas, expansive lawn, bocce ball court, fire pit, outdoor shower -all nestled within mature olive trees with lush perimeter hedging.

Last Agent to Sell the Property

Ann Zafiratos

Berkshire Hathaway HomeServices California Properties License #01355461 Listed on: 05/16/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Tamra Leverson

Nationwide RE Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $57,278

Year Built

  • Built in 1970

Lot Details

  • 0.41 Acre Lot
  • Fenced
  • Level Lot
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Woods
  • Mountain

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,360 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Property is near an ocean
  • Shed

Location

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

Schools

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

Utilities

  • Forced Air Heating System
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 009-112-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$57,278

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Directions: Coast Village Road to Butterfly Lane, turn north onto Butterfly Lane, just passed Mesa Road, left hand side.
  • Prop. Type: Residential
  • Year Built: 1970
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Architectural Style: Medit
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1970
  • Property Information Apx # Acres: 0.41
  • 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
  • WaterSewer Sewer Avail: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Other Buildings Shed: Yes
  • Style Medit2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Tankless Water Heater, Dishwasher, Disposal, Dryer, Microwave, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Wooded
  • Construction Type: Stucco
  • Acres: 0.41
  • Topography: Level
  • Exterior Features: Fenced: ALL
  • Foundation Details: Slab, Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 009-112-020
  • Zoning: R-1
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2023
Closed on
Aug 28, 2023
Sold by
Dorsey Family Holdings Llc
Bought by
Dearborn Property Trust and Altman
Seller's Agent
Ann Zafiratos
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Tamra Leverson
Nationwide RE Executives
List Price
$5,950,000
Sold Price
$5,400,000
Premium/Discount to List
-$550,000
-9.24%
Views
380
Current Estimated Value
$5,878,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,593
Avg. Annual Appreciation
4.36%

Purchase Details

Listed on
Jan 30, 2023
Closed on
Dec 23, 2022
Sold by
Diaz Family Trust
Bought by
Dorsey Family Holdings Llc
Seller's Agent
Randy Glick
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ann Zafiratos
Berkshire Hathaway HomeServices California Properties
List Price
$4,800,000
Sold Price
$4,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.30%
Original Mortgage
$3,500,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2020
Closed on
Oct 16, 2020
Sold by
Schaffer Jeffrey Craig and Schaffer Jacqueline Marcus
Bought by
Diaz David and Diaz Saini Ragil
Seller's Agent
Stephen Slavin
Coldwell Banker Realty
Buyer's Agent
Randy Glick
RE/MAX Santa Barbara
List Price
$3,450,000
Sold Price
$3,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.73%
Original Mortgage
$1,450,000
Interest Rate
2.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2018
Closed on
Sep 19, 2018
Sold by
Ferrell Teresa M
Bought by
Schaffer Jeffrey Criag and Schaffer Jacqueline Marcius
Seller's Agent
patrick maiani
Dynasty Real Estate
Buyer's Agent
Stephen Slavin
Sotheby's International Realty
List Price
$2,495,000
Sold Price
$2,250,000
Premium/Discount to List
-$245,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.57%
Original Mortgage
$1,800,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2008
Sold by
Olson William K
Bought by
Olson William K and Ferrell Teresa M

Purchase Details

Closed on
Feb 18, 2003
Sold by
Olson William K and Olson Shirley May
Bought by
Olson William K and Olson Shirley May
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
Dearborn Property Trust $5,400,000 Chicago Title Company
Dorsey Family Holdings Llc $4,800,000 First American Title
Diaz David $3,372,000 First American Title Company
Schaffer Jeffrey Criag $2,250,000 First American Title Co
Olson William K -- None Available
Olson William K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dorsey Family Holdings Llc $3,500,000
Previous Owner Diaz David $1,450,000
Previous Owner Schaffer Jeffrey Craig $1,756,700
Previous Owner Schaffer Jeffrey Criag $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $5,400,000 -2.7% $2,288 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
07/10/2023 07/10/23 Price Changed $5,550,000 -5.1% $2,352 / Sq Ft
06/02/2023 06/02/23 Price Changed $5,849,000 -1.7% $2,478 / Sq Ft
05/16/2023 05/16/23 For Sale $5,950,000 +24.0% $2,521 / Sq Ft
01/30/2023 01/30/23 Sold $4,800,000 0.0% $2,034 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $4,800,000 +39.1% $2,034 / Sq Ft
10/27/2020 10/27/20 Sold $3,450,000 0.0% $1,462 / Sq Ft
09/27/2020 09/27/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $3,450,000 +53.3% $1,462 / Sq Ft
10/19/2018 10/19/18 Sold $2,250,000 -9.8% $953 / Sq Ft
09/14/2018 09/14/18 Pending -- -- --
06/19/2018 06/19/18 For Sale $2,495,000 -- $1,057 / 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 $57,278 $5,508,000 $2,346,000 $3,162,000
2023 $57,278 $3,589,380 $1,716,660 $1,872,720
2022 $37,989 $3,519,000 $1,683,000 $1,836,000
2021 $37,211 $3,450,000 $1,650,000 $1,800,000
2020 $25,303 $2,295,000 $1,530,000 $765,000
2019 $24,760 $2,250,000 $1,500,000 $750,000
2018 $2,993 $140,006 $47,376 $92,630
2017 $2,867 $137,262 $46,448 $90,814
2016 $2,769 $134,572 $45,538 $89,034
2014 $2,528 $129,956 $43,976 $85,980
Source: Public Records

Agents Affiliated with this Home

  • Ann Zafiratos

    Seller's Agent in 2023

    Ann Zafiratos

    Berkshire Hathaway HomeServices California Properties

    (805) 448-4317

    2 in this area

    52 Total Sales

    Ann Zafiratos
    Section Image

  • R

    Seller's Agent in 2023

    Randy Glick

    Berkshire Hathaway HomeServices California Properties

    (805) 689-7167

    11 in this area

    109 Total Sales

    Randy Glick
    Section Image
  • Carmen Galzerano

    Seller Co-Listing Agent in 2023

    Carmen Galzerano

    Berkshire Hathaway HomeServices California Properties

    (805) 705-3080

    10 in this area

    145 Total Sales

    Carmen Galzerano
    Section Image

  • T

    Buyer's Agent in 2023

    Tamra Leverson

    Nationwide RE Executives

  • Tamra Van Order

    Buyer's Agent in 2023

    Tamra Van Order

    Keller Williams Realty Santa Barbara

    (805) 705-3236

    1 in this area

    31 Total Sales

    Tamra Van Order
    Section Image

  • S

    Seller's Agent in 2020

    Stephen Slavin

    Coldwell Banker Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1364

Santa Barbara Multiple Listing Service

APN: 009-112-020

California Santa Barbara County Santa Barbara 93108

231 Butterfly Ln, Santa Barbara, CA

This home is located at 231 Butterfly Ln, Santa Barbara, CA 93108 since 16 May 2023 and is currently estimated at $5,878,593, approximately $2,490 per square foot. This property was built in 1970. 231 Butterfly Ln is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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