NOT LISTED FOR SALE

Estimated Value: $6,385,000 - $13,771,434

6 Beds
6.5 Baths
4,997 Sq Ft
$2,017/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $13,600,000 $2,722 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $64,879/month

16 Days on Market

Highlights

  • Accessory Dwelling Unit (ADU)
  • Spa
  • Solar Power System
  • Santa Barbara Senior High School Rated A-
  • Property is near an ocean
  • Estate

About This Home

As of September 2022

Luxury new construction in the heart of Montecito! Nestled above the Lower Village less than a mile to Butterfly Beach, this beautiful estate, inspired by Rosewood Miramar Resort, embodies the effortless elegance & ease of coastal living. Dreamy white millwork pairs beautifully with wide plank European oak floors & striking calcutta marble. A gracious two-story paneled living room offers incredible light and volume. The chef's kitchen easily flows to both the family room and terrace beyond as well as the formal dining room. Upstairs, the dreamy primary suite has dual closets & a fantastic private patio with mountain views. 3 additional bd suites offer excellent accommodations. The pool, patio, and lush lawns are perfect for year-round fun and the ADU adds endless flexibility to the estate.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 07/25/2022

Last Buyer's Agent

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • 0.87 Acre Lot
  • Gated Home
  • Artificial Turf
  • Level Lot
  • Irrigation
  • Wooded Lot
  • Lawn
  • Drought Tolerant Landscaping
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Direct Access Garage

Home Design

  • Estate
  • Brick Exterior Construction
  • Slab Foundation
  • Slate Roof

Interior Spaces

  • 4,997 Sq Ft Home
  • 2-Story Property
  • Sound System
  • Ceiling Fan
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Views of Woods

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire Sprinkler System

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch
  • Fireplace in Patio
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Sewer Stub Out

Additional Features

  • Solar Power System
  • Accessory Dwelling Unit (ADU)
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 009-130-012

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Directions: Coast Village Road to Middle Road, right on Mesa Road, left on Oak Road.
  • Prop. Type: Residential
  • Year Built: 2022
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Other, Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Other, Security System, Fire Sprinkler System
  • Architectural Style: Estate
  • Reso Flooring: Hardwood, Marble
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: ADU (Accessory Dwelling Unit)
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2022
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.87
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Fire Sprinkler System: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 4997.0
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • Exterior BrickStone: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Other Buildings ADU (Accessory Dwelling Unit): Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Amenities Guest House2: Yes
  • Amenities Sound System: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Amenities Solar PV2: Yes
  • Cooling Heat Pump2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Fireplace(s) Patio3: Yes
  • GroundsLandscaping Artificial Turf: Yes
  • Roof Slate2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, Other, 2+, LR, Patio
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Slate
  • View: Setting, Wooded
  • Construction Type: Brick/Stone
  • Acres: 0.87
  • Topography: Level
  • Exterior Features: Pool, Patio Open, Patio Covered, SPA-Outside, Lawn, Wooded, Yard Irrigation T/O, Fenced: ALL, Drought Tolerant LND
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Interior Access, Attached

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Heating: Forced Air, Heat Pump, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: Yes
  • Heating:Heat Pump: Yes

Schools

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

Lot Info

  • Parcel #: 009-130-012
  • Zoning: E-1
  • Lot Size Sq Ft: 37897.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Aug 12, 2022
Sold by
Bbh Investments 3 Llc
Bought by
Rocchio Family Revocable Trust
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$14,795,000
Sold Price
$13,600,000
Premium/Discount to List
-$1,195,000
-8.08%
Current Estimated Value
$10,078,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,521,783
Avg. Annual Appreciation
-8.61%
Original Mortgage
$5,000,000
Outstanding Balance
$4,709,829
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$5,368,388

Purchase Details

Closed on
Jun 21, 2018
Sold by
Hermann Patricia Jane and The Hermann Family Trust
Bought by
Bbh Investments 3 Llc

Purchase Details

Closed on
Apr 23, 2013
Sold by
Hermann Patricia Jane
Bought by
Hermann Patricia Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2007
Sold by
Hermann Patricia J
Bought by
Hermann Patricia Jane

Purchase Details

Closed on
Oct 25, 2002
Sold by
Hermann Patricia
Bought by
Hermann Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rocchio Family Revocable Trust $13,600,000 First American Title
Bbh Investments 3 Llc $2,565,500 Chicago Title Company
Hermann Patricia Jane -- Pacific Coast Title
Hermann Patricia Jane -- Pacific Coast Title
Hermann Patricia Jane -- None Available
Hermann Patricia -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocchio Family Revocable Trust $5,000,000
Previous Owner Hermann Patricia Jane $208,000
Previous Owner Hermann Patricia $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2022 09/16/22 Sold $13,600,000 0.0% $2,722 / Sq Ft
09/16/2022 09/16/22 Off Market $13,600,000 -- --
08/10/2022 08/10/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $14,795,000 +476.8% $2,961 / Sq Ft
07/11/2019 07/11/19 Sold $2,565,066 0.0% $1,985 / Sq Ft View Prior Sale
07/02/2019 07/02/19 Sold $2,565,067 -11.5% $1,985 / Sq Ft View Prior Sale
04/23/2019 04/23/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $2,899,000 0.0% $2,244 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $2,899,000 0.0% $2,244 / Sq Ft
07/01/2016 07/01/16 Rented $5,000 0.0% --
07/01/2016 07/01/16 Under Contract -- -- --
06/21/2016 06/21/16 For Rent $5,000 +25.0% --
07/16/2013 07/16/13 Rented $4,000 -27.3% --
06/16/2013 06/16/13 Under Contract -- -- --
05/22/2013 05/22/13 For Rent $5,500 -- --
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 $146,159 $14,149,440 $3,121,200 $11,028,240
2023 $146,159 $13,600,000 $3,000,000 $10,600,000
2022 $39,586 $3,597,247 $2,297,247 $1,300,000
2021 $26,971 $2,591,641 $2,222,792 $368,849
2020 $28,181 $2,565,067 $2,200,000 $365,067
2019 $2,997 $139,953 $86,960 $52,993
2018 $2,967 $137,209 $85,255 $51,954
2017 $2,842 $134,520 $83,584 $50,936
2016 $2,744 $131,884 $81,946 $49,938
2014 $2,504 $127,360 $79,135 $48,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2520

Santa Barbara Multiple Listing Service

APN: 009-130-012