NOT LISTED FOR SALE

247 Olive Mill Rd Unit Parcel 19 Santa Barbara, CA 93108

Estimated Value: $4,187,000 - $4,986,605

1 Bed
1 Bath
992 Sq Ft
$4,659/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $2,817,500 $2,840 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $28,195/month

19 Days on Market

Highlights

  • Greenhouse
  • Property is near an ocean
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • View of Trees or Woods
  • Deck

About This Home

As of August 2020

This is a Trust Sale. Please read Showing & Offer Guidelines - see photo 15. Tucked away in the Lower Village of Montecito on two parcels that total 2.5 acres, this classic Montecito property plays host to a pair of historic homes. Offered at $2,850,000 is Parcel #19 = 1.5 ac with one residence, a charming, apprx 992-square foot barn structure that was built in 1982 and converted into a separate home. This idyllic pied-Ã -terre has been reimagined as a light-filled space with soaring ceilings, main floor kitchen and bath, and upstairs loft bedroom. Encircled by a canopy of oak trees, fragrant roses and foxgloves, the barn house includes a stunning garden with raised planter beds and citrus trees.

Offering supreme seclusion and abundant sunshine, this storied Montecito property is poised for a 21st century revitalization. Delivering quintessential coastal living in one of Santa Barbara's most coveted zip codes, this picturesque property on an unmatched 1.5 acre site lies minutes from Butterfly Beach and a short distance from Coast Village Road's vibrant art galleries, eateries, tasting rooms and clothing boutiques.

Last Agent to Sell the Property

Suding Murphy

Compass License #00678264 / 01233441 / 02017526 Listed on: 05/28/2020

Last Buyer's Agent

Maureen McDermut

Sotheby's International Realty License #01175027

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $36,128

Year Built

  • Built in 1982

Lot Details

  • 1.51 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in good condition
  • Property is zoned E-1

Home Design

  • Cabin
  • Raised Foundation
  • Wood Shingle Exterior

Interior Spaces

  • 992 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Skylights
  • Combination Kitchen and Dining Room
  • Loft
  • Views of Woods

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio
  • Greenhouse

Location

  • Property is near a park
  • 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

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Exclusions: Potted Plants
  • Assessor Parcel Number 009-130-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$36,128

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Directions: Get on US-101. Follow US-101 and take exit 94A for Olive Mill Rd. Turn Right onto Olive Mill Rd. Property will be to the left.
  • Prop. Type: Residential
  • Year Built: 1982
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Common Area
  • ResoLotFeatures: Level, Near Public Transit
  • Architectural Style: Cabin
  • Reso Flooring: Carpet, Tile
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Greenhouse
  • Reso Property Condition: Good
  • Property Information Year Built2: 1982
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.51
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Amenities Skylight2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Construction Two Story2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Dining In Kitchen4: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • Foundation Raised: Yes
  • Laundry Common Area2: Yes
  • Other Buildings Greenhouse2: Yes
  • Style Cabin2: Yes
  • Rooms Loft2: Yes
  • Exterior Wood Shingles: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • View: Setting, Wooded
  • Construction Type: Wood Shingles
  • Acres: 1.51
  • Topography: Level
  • Exclusions: Potted Plants
  • Exterior Features: Deck, Patio Open, Lawn, Fruit Trees, Wooded, Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Raised

Utilities

  • Water Source: Mont Wtr

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 #: 009-130-019
  • Zoning: E-1
  • Lot Size Sq Ft: 65775.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Jul 31, 2020
Sold by
The Northern Trust Company
Bought by
Goltsova Irina and The David Bernstein Irrevocabl
Seller's Agent
Suding Murphy
Compass
Buyer's Agent
Maureen McDermut
Sotheby's International Realty
List Price
$2,850,000
Sold Price
$2,817,500
Premium/Discount to List
-$32,500
-1.14%
Current Estimated Value
$4,621,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,804,401
Avg. Annual Appreciation
10.32%
Original Mortgage
$2,817,500
Outstanding Balance
$2,510,539
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$2,111,362
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
Goltsova Irina $2,817,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goltsova Irina $2,817,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2020 08/05/20 Sold $2,817,500 -1.1% $2,840 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $2,850,000 -- $2,873 / 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 $36,128 $3,899,751 $2,756,080 $1,143,671
2023 $36,128 $2,931,327 $2,601,000 $330,327
2022 $31,575 $2,873,850 $2,550,000 $323,850
2021 $30,939 $2,817,500 $2,500,000 $317,500
2020 $21,483 $1,900,000 $1,800,000 $100,000
2019 $2,990 $143,031 $54,011 $89,020
2018 $2,960 $140,227 $52,952 $87,275
2017 $2,834 $137,478 $51,914 $85,564
2016 $2,736 $134,784 $50,897 $83,887
2014 $2,494 $130,160 $49,151 $81,009
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Suding Murphy

    Compass

  • M

    Buyer's Agent in 2020

    Maureen McDermut

    Sotheby's International Realty

    (805) 570-5545

    27 in this area

    89 Total Sales

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1918

Santa Barbara Multiple Listing Service

APN: 009-130-019

California Santa Barbara County Santa Barbara 93108

247 Olive Mill Rd Unit Parcel 19, Santa Barbara, CA

This home is located at 247 Olive Mill Rd Unit Parcel 19, Santa Barbara, CA 93108 since 28 May 2020 and is currently estimated at $4,621,901, approximately $4,659 per square foot. This property was built in 1982. 247 Olive Mill Rd Unit Parcel 19 is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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