NOT LISTED FOR SALE

2542 Banner Ave Summerland, CA 93067

Estimated Value: $2,863,000 - $3,851,000

3 Beds
3.5 Baths
2,525 Sq Ft
$1,290/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $1,855,000 $735 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $19,038/month

2 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Cape Cod Architecture
  • Spa
  • Updated Kitchen
  • Fruit Trees

About This Home

As of April 2016

''This stunning 3 bedroom / 3 bathroom Cape Cod home situated in the storybook seaside town of Summerland, Ca. will take your breath away! Soak in the panoramic ocean, island and harbor views from the home, lushly landscaped tropical gardens, expansive entertainer's view deck and thatched Palapa, all alwhile relaxing to the sound of the in-ground outdoor waterfall! Intelligently remodeled kitchen and bathrooms, hardwood floors and high end finishes throughout, make 2542 Banner Avenue a truly one-of-kind opportunity."

Last Agent to Sell the Property

Christopher Hunt

Village Properties Listed on: 03/14/2016

Last Buyer's Agent

Fal Oliver

Pitts & Bachmann Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,865

Year Built

  • Built in 1987

Lot Details

  • Lot Sloped Up
  • Irrigation
  • Hilly Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Panoramic

Home Design

  • Cape Cod Architecture
  • Tri-Level Property
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,525 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Attic
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • 3 Open Parking Spaces

Outdoor Features

  • Spa
  • Property is near an ocean
  • Deck
  • Gazebo

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

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • Town Summerland Community

Listing and Financial Details

  • Assessor Parcel Number 005-202-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,865

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Directions: Take Lillie to Olive. Turn up hill towards mountains. Turn right onto Banner Avenue. Home is located on mountain /upper side of street. Park in driveway or on opposite side of street.
  • Prop. Type: Residential
  • Year Built: 1987
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Sloped Up, Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Architectural Style: Cape Cod
  • Reso Flooring: Carpet, Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1987
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Panoramic2: Yes
  • LocationTopo Hilly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Location Info Development Name: Town Summerland
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • ParkingGarage Total # Uncovered Spaces: 3.0
  • Site Improvements Cable TV3: Yes
  • Pets Yes: Yes
  • Foundation Raised: Yes
  • Dining Nook2: Yes
  • Amenities Finished Attic2: Yes
  • GroundsLandscaping Gazebo2: Yes
  • LocationTopo Upslope2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Construction Tri-Level2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Style Cape Cod2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Rnge/Blt-In, Dishwasher, Disposal, Dryer, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: LR
  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition
  • View: Ocean, Panoramic
  • Construction Type: Wood Siding
  • Topography: Upslope, Hilly
  • Exterior Features: Deck, SPA-Outside, Gazebo, Lawn, Fruit Trees, Yard Irrigation T/O
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Open Parking Spaces: 3.0
  • Parking Features: Gar #2, Attached

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Summ Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 005-202-005
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 4, 2016
Sold by
Grotelueschen Seth J and Grotelueschen Laurie L
Bought by
Brinkenhoff Michael
Seller's Agent
Christopher Hunt
Village Properties
Buyer's Agent
Fal Oliver
Pitts & Bachmann Realtors
List Price
$1,875,000
Sold Price
$1,855,000
Premium/Discount to List
-$20,000
-1.07%
Current Estimated Value
$3,257,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,402,188
Avg. Annual Appreciation
6.09%
Original Mortgage
$1,298,500
Outstanding Balance
$1,050,443
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,206,745

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 10, 2015
Sold by
Doiron Stephen A and Doiron Caroline M
Bought by
Grotelueschen Seth J and Grotelueschen Laurie L
Seller's Agent
Susan Burns Associates
Coldwell Banker Realty
Buyer's Agent
Christopher Hunt
Compass
List Price
$1,835,000
Sold Price
$1,765,000
Premium/Discount to List
-$70,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.55%
Original Mortgage
$990,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 24, 2001
Sold by
Crittenden Robert R and Crittenden Jeanne S
Bought by
Doiron Stephen A and Doiron Caroline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$659,000
Interest Rate
7.05%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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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
Brinkenhoff Michael $1,855,000 Fidelity National Title Co
Grotelueschen Seth J $1,765,000 Chicago Title Company
Doiron Stephen A $659,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brinkenhoff Michael $1,298,500
Previous Owner Grotelueschen Seth J $990,000
Previous Owner Doiron Stephen A $659,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2016 04/21/16 Sold $1,855,000 -1.1% $735 / Sq Ft
03/16/2016 03/16/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $1,875,000 +6.2% $743 / Sq Ft
05/22/2015 05/22/15 Sold $1,765,000 -3.8% $699 / Sq Ft View Prior Sale
04/10/2015 04/10/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $1,835,000 -- $727 / 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 $23,865 $2,195,939 $1,432,392 $763,547
2023 $23,865 $2,110,670 $1,376,771 $733,899
2022 $23,114 $2,069,285 $1,349,776 $719,509
2021 $22,614 $2,028,711 $1,323,310 $705,401
2020 $22,361 $2,007,910 $1,309,742 $698,168
2019 $21,868 $1,968,540 $1,284,061 $684,479
2018 $21,504 $1,929,942 $1,258,884 $671,058
2017 $21,115 $1,892,100 $1,234,200 $657,900
2016 $20,070 $1,791,915 $1,167,537 $624,378
2015 $11,047 $940,479 $368,753 $571,726
2014 $10,418 $922,057 $361,530 $560,527
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Christopher Hunt

    Village Properties

  • F

    Buyer's Agent in 2016

    Fal Oliver

    Pitts & Bachmann Realtors

  • C

    Buyer's Agent in 2016

    Christine Oliver

    Sotheby's International Realty

    (805) 680-6524

    1 in this area

    29 Total Sales

    Christine Oliver
    Section Image

  • S

    Seller's Agent in 2015

    Susan Burns Associates

    Coldwell Banker Realty

  • D

    Seller Co-Listing Agent in 2015

    Dana Zertuche

    Coldwell Banker Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-814

Santa Barbara Multiple Listing Service

APN: 005-202-005

California Santa Barbara County Summerland 93067

2542 Banner Ave, Summerland, CA

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