NOT LISTED FOR SALE

2325 Ortega Ranch Rd Summerland, CA 93067

Summerland Area

Estimated Value: $5,516,000 - $9,156,726

5.12 Acres
$1,418,211 Price per Acre
223,027 Sq Ft Lot

Sale Details

Date Sold: January 19, 2018

Last sale price $2,500,000

Est. 190% increase in value since last sale

Current estimated payment $45,213 / mo

98 Days on Market

Highlights

  • Ocean View
  • 5.12 Acre Lot
  • Property is near park, schools, and shops
  • Property is near an ocean

About This Lot

As of January 2018

Exceptional ocean and mountain view parcel at the conclusion of Ortega Ranch Road. This 5.12
acre site offers privacy, close-in ocean views, and panoramic coastline to mountain vistas. Expired plans
were approved in 2010 for an approximate 7,000 sq. ft. residence with a cabana and detached
guest quarters, and are available upon request. Easy access to Summerland and Montecito's Lower Village!

Last Agent to Sell the Property

Dick Mires

Sotheby's International Realty Listed on: 07/07/2017

Co-Listed By

David Mires

Realign Real Estate License #01330636

Last Buyer's Agent

Jim Scarborough

Berkshire Hathaway HomeServices California Properties License #01182792

Berkshire Hathaway HomeServices California Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 5.12

Property Views

  • Ocean
  • Panoramic
  • Mountain

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Additional Features

  • 5.12 Acre Lot
  • Property is near park, schools, and shops

Listing and Financial Details

  • Assessor Parcel Number 005-580-006

Community Details

Overview

  • 05 Summerland Subdivision

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Lot Details

5.12 Acres

Listing Details

  • Directions: Lot is at the end of Ortega Ranch Road, off of Ortega Ridge.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Co List Office Mls Id: REALIGN
  • Co List Office Phone: 805-705-8986
  • Subdivision Name: 05 - Summerland
  • Property Information Apx # Acres: 5.12
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • View Panoramic2: Yes
  • Site Improvements Util At Site: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • Utility Info Telephone2: Yes
  • Utility Info Cable2: Yes
  • WaterSewer Sewer Avail: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • ViewOcean: Yes
  • WaterSewer Meter In: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Panoramic
  • Acres: 5.12

Utilities

  • Water Source: Meter In, Mont Wtr

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-580-006
  • Zoning: Other
  • Lot Size Sq Ft: 223027.2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2017
Closed on
Jan 16, 2018
Sold by
Bought by
Seller's Agent
Dick Mires
Sotheby's International Realty
Buyer's Agent
Jim Scarborough
Berkshire Hathaway HomeServices California Properties
List Price
$3,950,000
Sold Price
$2,500,000
Premium/Discount to List
-$1,450,000
-36.71%
Current Estimated Value
$7,261,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,761,242
Avg. Annual Appreciation
13.30%

Purchase Details

Closed on
Jul 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 7, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Summerland, CA

  • Colleen Beall Real Estate Agent - Compass

    Colleen Beall

    Compass

    (805) 243-1083

    31 Total Sales

    1 in Summerland

    $7,500,000 Price

    Colleen Beall
     Section Image
  • Lisa Scibird Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Lisa Scibird

    Berkshire Hathaway HomeServices California Properties

    (805) 456-1528

    7 Total Sales

    2 in Summerland

    $1.9M - $10.5M Price Range

    Lisa Scibird
     Section Image
  • Joe Wyban Real Estate Agent - Approach Properties Premium Real Estate Services

    Joe Wyban

    Responds Quickly

    Approach Properties Premium Real Estate Services

    (424) 354-8331

    26 Total Sales

    1 in Summerland

    $1,950,000 Price

    Joe Wyban
     Section Image
  • Gary Goldberg Real Estate Agent - Coastal Properties

    Gary Goldberg

    Responds Quickly

    Coastal Properties

    (805) 617-1575

    90 Total Sales

    7 in Summerland

    $1.8M - $10.1M Price Range

    Gary Goldberg
     Section Image
  • Robert Riskin Real Estate Agent - Village Properties

    Robert Riskin

    Village Properties

    (805) 892-6946

    200 Total Sales

    21 in Summerland

    $2.2M - $20.4M Price Range

    Robert Riskin
     Section Image
  • Todd Shea Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Todd Shea

    Berkshire Hathaway HomeServices California Properties

    (805) 973-0497

    33 Total Sales

    1 in Summerland

    $2,040,000 Price

    Todd Shea
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,500,000 Chicago Title Co
-- --
$600,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,100,000
Open $3,675,000
Previous Owner $707,657
Previous Owner $8,000,000
Previous Owner $1,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/19/2018 01/19/18 Sold $2,500,000 -36.7% --
10/13/2017 10/13/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $3,950,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $62,714 $5,966,641 $3,102,773 $2,863,868
2025 $59,680 $5,766,649 $3,041,935 $2,724,714
2023 $59,680 $5,335,114 $2,890,174 $2,444,940
2022 $57,743 $5,230,504 $2,833,504 $2,397,000
2021 $56,504 $5,127,946 $2,777,946 $2,350,000
2020 $39,173 $3,491,000 $2,751,000 $740,000
2019 $28,485 $2,691,000 $2,691,000 $0
2018 $9,540 $885,745 $885,745 $0
2017 $9,378 $868,378 $868,378 $0
2016 $9,219 $851,351 $851,351 $0
2014 $8,582 $822,137 $822,137 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dick Mires

    Sotheby's International Realty

  • D

    Seller Co-Listing Agent in 2018

    David Mires

    Realign Real Estate

    (805) 705-8986

    38 Total Sales

    David Mires
    Section Image

  • J

    Buyer's Agent in 2018

    Jim Scarborough

    Berkshire Hathaway HomeServices California Properties

    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2272

Santa Barbara Multiple Listing Service

APN: 005-580-006

California Santa Barbara County Summerland 93067

2325 Ortega Ranch Rd, Summerland, CA

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