231 Butterfly Ln Santa Barbara, CA 93108
5
Beds
3
Baths
2,360
Sq Ft
0.41
Acres
Highlights
- Art Studio
- Property is near an ocean
- Property is near a park
- Santa Barbara Senior High School Rated A-
- View of Trees or Woods
- Wood Flooring
About This Home
As of September 2023A truly rare offering. This exceptionally private, turnkey home is beautifully situated on a nearly 1/2 acre gated lot in one of the most coveted locations in all of Montecito. 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 Signature Golf Course, tennis, fitness, pools, and family amenities are literally around the corner. Just completed with top of the line designer finishes, fixtures and appliances. Beautifully and thoughtfully reimagined with kind of amenities that are normally found only in much larger estates. Exceptional landscape design with magical outdoor dining and entertaining areas, expansive lawn, fire pit, outdoor shower and bocce court - all nestled within mature olive trees, lush perimeter hedging, and elegantly curated planting. This 5 bedroom, 3 bathroom home has a family room which opens onto the lawn, an oversized 3 car garage, a fully finished detached studio with loft - and room to add an ADU and pool. A wonderful full-time residence in the highly desirable Montecito Union School District or a gracious vacation retreat only 80 miles from Los Angeles and a 15 minute drive from the convenient Santa Barbara airport with its NONSTOP flights to the San Francisco, Sonoma, Portland, Seattle, Phoenix, Denver and Dallas.
Last Agent to Sell the Property
Stephen Slavin
Coldwell Banker Realty Listed on: 09/25/2020
Last Buyer's Agent
Randy Glick
RE/MAX Santa Barbara
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $57,278
Year Built
- Built in 1970
Lot Details
- 0.41 Acre Lot
- Dog Run
- Gated Home
- Level Lot
- Lawn
- Property is in excellent condition
Parking
- Garage
Property Views
- Woods
- Mountain
Home Design
- Cottage
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 2,360 Sq Ft Home
- Family Room
- Dining Area
- Art Studio
- Wood Flooring
Kitchen
- Breakfast Bar
- Built-In Oven
- Built-In Range
- Stove
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Property is near an ocean
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
- Water Softener is Owned
Listing and Financial Details
- Assessor Parcel Number 009-112-020
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
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
4.38%
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
Similar Homes in Santa Barbara, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,400,000 | Chicago Title Company | |
| Grant Deed | $4,800,000 | First American Title | |
| Grant Deed | $3,372,000 | First American Title Company | |
| Grant Deed | $2,250,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,500,000 | New Conventional | |
| Previous Owner | $1,450,000 | New Conventional | |
| Previous Owner | $1,756,700 | New Conventional | |
| Previous Owner | $1,800,000 | New Conventional |
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
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
-
Randy Glick
R
Seller's Agent in 2023
Randy Glick
Berkshire Hathaway HomeServices California Properties
(805) 689-7167
11 in this area
109 Total Sales
-
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
-
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
-
S
Seller's Agent in 2020
Stephen Slavin
Coldwell Banker Realty
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-3776
APN: 009-112-020
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