NOT LISTED FOR SALE

Estimated Value: $7,282,000 - $12,485,679

5 Beds
5.5 Baths
5,460 Sq Ft
$1,785/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $10,500,000 $1,923 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $62,325/month

118 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Estate
  • Cold Spring Elementary School Rated A
  • Outdoor Pool
  • Reverse Osmosis System

About This Home

As of November 2021

A SURPRISE AWAITS! Inspired by Australian & Balinese architecture where high design & informal spaces happily co-exist, this distinctive Montecito property defines modern farmhouse style. Architect Tom Meaney designed this 5bd/5.5ba + GH residence w simplicity, elegance & great functionality. Each room takes on a personality of its own w colorful accents & unique finishes, offering an unrivaled design journey thru-out. The LR & Kitchen overlook the pool & explosive mountain & coastline views all framed by a wrap-around porch. Complete w an elevator, both comfort & luxury are paramount. The 2+ AC tropical gardens were designed as a lush backdrop for the ground-breaking estate & stand as a testament to a strong vision.

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 05/21/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Randy Solakian Estates Group

Coldwell Banker Realty License #00622258 / 01895788 / 02066982

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $115,649

Year Built

  • Built in 1999

Lot Details

  • 2.05 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Lot Has A Rolling Slope
  • Irrigation
  • Property is in excellent condition

Parking

  • Carport

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Estate
  • Slab Foundation
  • Metal Roof
  • Stucco

Interior Spaces

  • Wet Bar
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Home Office

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch
  • Built-In Barbecue

Additional Homes

  • Guest House

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned
  • Sewer Stub Out

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 011-160-055

Home Details

Home Type

Single Family

Est. Annual Taxes

$115,649

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1999
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Rolling Slope
  • ResoSecurityFeatures: Gate:Elec
  • Architectural Style: Other, Estate
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Hardwood, Tile
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1999
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 2.05
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Rolly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Dining Dining Area2: 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 GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Style Estate2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Office3: Yes
  • Amenities Guest House2: Yes
  • Amenities Wet Bar2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s) Family Room3: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • Fireplace(s):_two_3: Yes
  • FlrWdw Coverings Carpet: Yes
  • ViewOcean: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • ParkingGarage Cpt #33: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, 2, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Ocean, Setting, Panoramic
  • Construction Type: Stucco
  • Acres: 2.05
  • Topography: Rolly
  • Exterior Features: Pool, Patio Open, Patio Covered, Yard Irrigation T/O, Fenced: ALL, Fenced: PRT
  • Foundation Details: Slab
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Cpt #3

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 011-160-055
  • Zoning: R-1
  • Lot Size Sq Ft: 89298.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Nov 1, 2021
Sold by
Vanocur Virginia Backus and Standish Backus Jr Trust A
Bought by
Wenzlau William and Wenzlau Cynthia D
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Randy Solakian Estates Group
Coldwell Banker Realty
List Price
$11,950,000
Sold Price
$10,500,000
Premium/Discount to List
-$1,450,000
-12.13%
Current Estimated Value
$9,745,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$754,774
Avg. Annual Appreciation
-2.91%
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
Wenzlau William $10,500,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanocur Virginia Backus $5,128,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $10,500,000 -12.1% $1,923 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $11,950,000 -- $2,189 / 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 $115,649 $7,612,798 $4,483,488 $3,129,310
2023 $115,649 $10,710,000 $6,120,000 $4,590,000
2022 $111,772 $10,500,000 $6,000,000 $4,500,000
2021 $30,516 $2,738,047 $198,173 $2,539,874
2020 $30,019 $2,709,972 $196,141 $2,513,831
2019 $29,265 $2,656,837 $192,296 $2,464,541
2018 $28,720 $2,604,743 $188,526 $2,416,217
2017 $28,159 $2,553,671 $184,830 $2,368,841
2016 $27,306 $2,503,600 $181,206 $2,322,394
2014 $26,401 $2,417,690 $174,989 $2,242,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-1826

Santa Barbara Multiple Listing Service

APN: 011-160-055