NOT LISTED FOR SALE

Estimated Value: $5,801,000 - $8,552,000

4 Beds
3.5 Baths
2,608 Sq Ft
$2,724/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $2,650,000 $1,016 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $42,942/month

6 Days on Market

Highlights

  • Peek-A-Boo Views
  • Maid or Guest Quarters
  • Cathedral Ceiling
  • Santa Barbara Senior High School Rated A-
  • Multiple Fireplaces
  • Wood Flooring

About This Home

As of February 2020

Set among the mature oaks and located near Coast Village Road in Montecito, this two-story Spanish-style was built in the 1930s and offers a perfect opportunity for a new owner to renovate their dream home. The home is set on 0.86± flat acres and offers approx. 2,608 sq. ft., with 4 bedrooms, 3.5 baths, and lovely architectural details throughout. The living room has a traditional fireplace, paneled walls, a beam ceiling, and French doors with transom windows that open to an inviting brick patio and expansive backyard. Step down to a large family room with a high vaulted beam ceiling, a floor-to-ceiling brick fireplace, French doors with transoms, built-in shelves, and a separate sunroom with a half-bath. The kitchen opens to the dining room with an antique coffered ceiling and a large picture window. There's also a first-floor guest wing with a separate entrance and full bath. A curved staircase leads to the Master with an ensuite bath, a walk-in closet, and mountain views. The two other upstairs bedrooms share a bath. This delightful property is a great project in a prime location with lovely outdoor living spaces and gardens. There's also a 2-car garage and separate 2-car carport.

Last Agent to Sell the Property

Suzanne Perkins

Compass Listed on: 08/19/2019

Last Buyer's Agent

Natalie Grubb

Village Properties License #01236143

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,842

Year Built

  • Built in 1930

Lot Details

  • 0.86 Acre Lot
  • Fenced
  • Level Lot
  • Property is in average condition
  • Property is zoned E-1

Property Views

  • Peek-A-Boo
  • Mountain

Home Design

  • Spanish Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,608 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters

Parking

  • Direct Access Garage
  • Carport

Outdoor Features

  • Patio

Location

  • 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
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 009-130-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,842

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1930
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Other, Common Area
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Smoke Detector(s)
  • Architectural Style: Spanish
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Hardwood, Parquet, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1930
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.86
  • 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
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Appliances Included Dishwasher3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s):_two_3: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • ParkingGarage Detached: Yes
  • Appliances Included Electric Range2: Yes
  • Site Improvements Cable TV3: Yes
  • Style Spanish2: Yes
  • Condition Fair2: Yes
  • Laundry Common Area2: Yes
  • View PartialFiltered2: Yes
  • FlrWdw Coverings Parquet2: Yes
  • ParkingGarage Cpt #22: Yes
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Electric Range, Dishwasher
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, 2, LR
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Setting, Partial/Filtered
  • Construction Type: Stucco
  • Acres: 0.86
  • Topography: Level
  • Exterior Features: Patio Open, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Cpt #2, Interior Access, Attached, Detached

Utilities

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

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 009-130-011
  • Zoning: E-1
  • Lot Size Sq Ft: 37461.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Feb 24, 2020
Sold by
Wilson John Kerr and Wilson Andrew
Bought by
Bbh Investments 3 Llc
Seller's Agent
Suzanne Perkins
Compass
Buyer's Agent
Natalie Grubb
Village Properties
List Price
$2,500,000
Sold Price
$2,650,000
Premium/Discount to List
$150,000
6%
Current Estimated Value
$6,920,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,270,068
Avg. Annual Appreciation
19.76%
Original Mortgage
$3,000,000
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2006
Sold by
Wilson John Kerr and Wilson Gay Ashforth
Bought by
Wilson John Kerr and Wilson Gay Ashforth
Source: Public Records

Range of Values:

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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
Bbh Investments 3 Llc $2,650,000 Chicago Title Company
Wilson John Kerr -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bbh Investments 3 Llc $100,000
Open Bbh Investments 3 Llc $2,470,000
Closed Bbh Investments 3 Llc $3,000,000
Previous Owner Wilson John Kerr $355,000
Previous Owner Wilson John Kerr $420,000
Previous Owner Wilson John Kerr $135,658
Previous Owner Wilson John Kerr $100,000
Previous Owner Wilson John Kerr $227,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $2,650,000 +6.0% $1,016 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $2,500,000 -- $959 / 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 $62,842 $6,093,596 $2,453,337 $3,640,259
2023 $62,842 $3,062,741 $2,360,033 $702,708
2022 $29,938 $2,731,002 $2,215,719 $515,283
2021 $29,334 $2,677,454 $2,172,274 $505,180
2020 $3,464 $175,933 $85,165 $90,768
2019 $3,260 $172,485 $83,496 $88,989
2018 $3,224 $169,104 $81,859 $87,245
2017 $3,093 $165,789 $80,254 $85,535
2016 $2,986 $162,539 $78,681 $83,858
2014 $2,736 $156,963 $75,982 $80,981
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-2902

Santa Barbara Multiple Listing Service

APN: 009-130-011