231 Butterfly Ln Santa Barbara, CA 93108
4
Beds
3
Baths
2,360
Sq Ft
0.4
Acres
Highlights
- Art Studio
- Property is near an ocean
- Property is near public transit
- Santa Barbara Senior High School Rated A-
- Deck
- Wooded Lot
About This Home
As of September 2023Wow what a location location Montecito Lower Village wonderful tropical private setting near the lower Montecito Village. Nestled within walking distance of this community's world-class beaches, fine dining, shops and farmers market on Coast Village Road.
Butterfly Beach is only 6 blocks away directly accessable via the walk through underpass. The New Montecito Country Club with a Jack Nicklaus Signature Golf Course is due to open this fall and located just around the corner. This is the first time this house has been on the market since 1972. Very comfortable 4 bedroom 3 bath home with an extra office/guest bedroom - Large 3 car garage has room for private gym, sports car and recreational equipment. This lush property provides enough space to add a guest house, pool and cabana if desire It's close enough to easily access the freeway and all direct routes into Santa Barbara but far enough to maintain a peaceful tranquil environment. This has all the makings of a great family home located in the sought after Montecito Union School district.
Last Agent to Sell the Property
patrick maiani
Dynasty Real Estate License #01440541 Listed on: 06/19/2018
Last Buyer's Agent
Stephen Slavin
Sotheby's International Realty License #00493760
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $57,278
Year Built
- Built in 1970
Lot Details
- 0.4 Acre Lot
- Back Yard Fenced
- Level Lot
- Irrigation
- Wooded Lot
- Property is in good condition
Home Design
- Tri-Level Property
- Slab Foundation
- Stucco
Interior Spaces
- 2,360 Sq Ft Home
- Family Room
- Formal Dining Room
- Home Office
- Game Room
- Art Studio
- Music Room
- Home Gym
- Gas Dryer Hookup
- Property Views
Kitchen
- Stove
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Parking
- Garage
- Driveway
Outdoor Features
- Property is near an ocean
- Deck
- Patio
Location
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a bus stop
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- Lands/Montecito Land Community
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
$324,030
Avg. Annual Appreciation
4.50%
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
-
Seller's Agent in 2023
Ann Zafiratos
Berkshire Hathaway HomeServices California Properties
(805) 448-4317
2 in this area
53 Total Sales
-
R
Seller's Agent in 2023
Randy Glick
Berkshire Hathaway HomeServices California Properties
(805) 689-7167
11 in this area
111 Total Sales
-
Seller Co-Listing Agent in 2023
Carmen Galzerano
Berkshire Hathaway HomeServices California Properties
(805) 705-3080
10 in this area
146 Total Sales
-
T
Buyer's Agent in 2023
Tamra Leverson
Nationwide RE Executives
-
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: 18-2241
APN: 009-112-020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.
Nearby Homes
- 1166 Summit Rd
- 1084 Golf Rd
- 1077 Summit Rd
- 1157 Glenview Rd
- 1151 Glenview Rd
- 1181 Glenview Rd
- 1284 Mesa Rd
- 2925 Sycamore Canyon Rd
- 1029 Alston Rd
- 356 Woodley Rd
- 90 Butterfly Ln
- 1114 Hill Rd
- 1116 Hill Rd
- 1152 Hill Rd
- 1383 School House Rd
- 2775 Sycamore Canyon Rd
- 465 Hot Springs Rd
- 487 Hot Springs Rd
- 465 Hot Springs Rd
- 1399 School House Rd