NOT LISTED FOR SALE

231 E Mountain Dr Montecito, CA 93108

Estimated Value: $3,634,149 - $4,211,000

3.55 Acres
$1,083,954 Price per Acre
154,638 Sq Ft Lot

Last Sold May 04, 2023

Last sale price $3,512,000

Est. 10% increase in value since last sale

Current estimated payment $22,479/month

165 Days on Market

Highlights

  • Ocean View
  • 3.55 Acre Lot
  • Level Lot
  • Cold Spring Elementary School Rated A+

About This Lot

As of May 2023

Rare Opportunity ... 2 lots (totaling 3.55 acres) gentle and very usable, with ocean & mountain views, in the Cold Spring School District! Create a spacious compound or live on one lot and develop the other .... endless possibilities! Includes a slice of early California with an existing adobe hacienda with great-room floor plan sited for views to the harbor, ocean, islands, and mountains. Live here while building your dream home or compound; an ultimate retreat setting. Enjoy the ambiance of vaulted ceiling, living room with fireplace, open to the expansive covered veranda with city and ocean views for year-round gatherings. With 3 bedrooms and 2 baths, the primary bedroom suite, with stunning scalloped window detail and metal framed doors to the veranda and views, Traditional features including corner fireplaces, built-in storage, traditional painted tiles in the baths, and exceptional indoor/outdoor living. Other amenities include: a snuggly reading loft above the living room, a BBQ patio conveniently located off the kitchen, a wine cellar, fruit trees, a relaxing Koi-pond patio, and acres of serenity. Plus, many recent upgrades including new roof and AC.
231 E Mountain, 2.03 ac, hosts the Adobe Hacienda, and 229 E Mountain, 1.52 ac, is the adjacent vacant lot, being offered together to total 3.55 acres. Beautiful, gentle land, ample opportunity to live in adobe while developing your dream home.

Last Agent to Sell the Property

Maurie McGuire

Coldwell Banker Realty Listed on: 09/21/2022

Coldwell Banker Realty

Co-Listed By

Scott Westlotorn

Coldwell Banker Realty

Last Buyer's Agent

Katie Schmandt

A.J. Addeman Properties

Property Details

Property Type

  • Land

Lot Details

  • 3.55 Acre Lot
  • Level Lot

Property Views

  • Ocean
  • Harbor
  • City
  • Mountain

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 013-050-006

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Cold Springs to E Mountain, go west to Lower Hyde, or- Coyote to E Mountain, head east to Lower Hyde Rd Go down Lower Hyde, and stay right at bottom fork, long driveway to the property
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level, Sloped Down
  • Co List Office Mls Id: cb01
  • Co List Office Phone: 805-969-4755
  • Property Information Apx # Acres: 3.55
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Utility Info Electric2: Yes
  • WaterSewer Septic In: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • LocationTopo Downslope2: Yes
  • View Harbor2: Yes
  • View City4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, City, Harbor, Setting
  • Acres: 3.55
  • Topography: Downslope, Level

Utilities

  • Water Source: Mont Wtr

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 013-050-006
  • Zoning: R-1
  • Lot Size Sq Ft: 154638.0

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Apr 20, 2023
Sold by
Hill Family Trust
Bought by
Ferguson Kelly Kelly and Ferguson Brian Scott
Seller's Agent
Maurie McGuire
Coldwell Banker Realty
Buyer's Agent
Katie Schmandt
A.J. Addeman Properties
List Price
$4,495,000
Sold Price
$3,512,000
Premium/Discount to List
-$983,000
-21.87%
Views
14
Current Estimated Value
$3,848,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,037
Avg. Annual Appreciation
3.51%
Original Mortgage
$2,012,000
Outstanding Balance
$1,954,214
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$1,893,823

Purchase Details

Closed on
Jan 12, 2017
Sold by
Hill Sandra P
Bought by
Hill Sandra P

Purchase Details

Closed on
May 6, 2011
Sold by
Hill Sandra P
Bought by
Hill Sandra P
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
Ferguson Kelly Kelly $3,512,000 Fidelity National Title Compan
Hill Sandra P -- None Available
Hill Sandra P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferguson Kelly Kelly $2,012,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2023 05/04/23 Sold $3,512,000 -9.8% --
03/06/2023 03/06/23 Pending -- -- --
11/02/2022 11/02/22 Price Changed $3,895,000 -2.5% --
09/26/2022 09/26/22 Price Changed $3,995,000 -11.1% --
09/21/2022 09/21/22 For Sale $4,495,000 -- --
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 $27,096 $2,613,484 $1,560,600 $1,052,884
2023 $27,096 $2,512,000 $1,500,000 $1,012,000
2022 $1,957 $142,536 $54,261 $88,275
2021 $1,921 $139,743 $53,198 $86,545
2020 $1,896 $138,311 $52,653 $85,658
2019 $1,482 $135,600 $51,621 $83,979
2018 $1,453 $132,942 $50,609 $82,333
2017 $1,428 $130,336 $49,617 $80,719
2016 $1,431 $127,782 $48,645 $79,137
2014 $1,394 $123,400 $46,977 $76,423
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maurie McGuire

    Coldwell Banker Realty

    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Scott Westlotorn

    Coldwell Banker Realty

  • K

    Buyer's Agent in 2023

    Katie Schmandt

    A.J. Addeman Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-3189

Santa Barbara Multiple Listing Service

APN: 013-050-006

California Santa Barbara County Montecito 93108

231 E Mountain Dr, Montecito, CA

Not Listed for Sale

Lots

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