Seller's Agent in 2023
Robert Riskin
Village Properties
(805) 698-0199
11 in this area
211 Total Sales
2710 Montecito Ranch Place Summerland, CA 93067
Estimated Value: $5,651,000 - $13,247,220
4
Beds
6.5
Baths
5,360
Sq Ft
$1,763/Sq Ft
Est. Value
Highlights
- Ocean View
- Property is near an ocean
- 5.77 Acre Lot
- Spa
- Estate
- Fireplace in Primary Bedroom
About This Home
As of March 2023Enjoy awe-inspiring, 360-degree views of the Pacific Ocean, Channel Islands, a lush greenbelt, and Santa Ynez foothills from this incredible knolltop estate! Located down the street from one of the most beautiful beaches in the world, this newly constructed contemporary abode is tucked behind private gates in the upscale community of Montecito Ranch Estates. The single-level residence offers easy modern living with 4 ensuite bedrooms, an open concept living and dining room, and a gourmet kitchen and family room, all lovingly designed with clean lines, warm oak floors, understated elegance, designer finishes with ocean-inspired accents, vaulted ceilings and retractable glass doors which celebrate indoor/outdoor living. Experience Lounge poolside and live a resort-style lifestyle year round!
Last Agent to Sell the Property
Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 02/14/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #01209514
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $125,018
Year Built
- Built in 2022
Lot Details
- 5.77 Acre Lot
- Cul-De-Sac
- Gated Home
- Partially Fenced Property
- Artificial Turf
- Level Lot
- Irrigation
- Wooded Lot
- Drought Tolerant Landscaping
- Property is in excellent condition
HOA Fees
- $1,000 Monthly HOA Fees
Parking
- Attached Garage
Property Views
- Ocean
- Island
- Coastline
- Harbor
- Panoramic
- Mountain
Home Design
- Estate
- Contemporary Architecture
- Composition Roof
- Metal Roof
- Stucco
Interior Spaces
- 5,360 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Gas Fireplace
- Family Room with Fireplace
- Great Room
- Living Room with Fireplace
- Open Floorplan
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Double Oven
- Built-In Gas Oven
- Built-In Gas Range
- Dishwasher
- Disposal
Flooring
- Wood
- Marble
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
Laundry
- Laundry Room
- Gas Dryer Hookup
Home Security
- Home Security System
- Fire Sprinkler System
Pool
- Spa
- Outdoor Pool
Outdoor Features
- Property is near an ocean
- Covered Patio or Porch
- Built-In Barbecue
Location
- Property is near shops
Schools
- Summerland Elementary School
- Carp. Jr. Middle School
- Carp. Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Underground Utilities
- Shared Well
- Sewer Stub Out
Listing and Financial Details
- Assessor Parcel Number 005-210-074
Community Details
Overview
- 05 Summerland Subdivision
Additional Features
- Restaurant
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 14, 2023
Closed on
Mar 20, 2023
Sold by
Mre 7 Llc
Bought by
Raab Family Trust
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
List Price
$10,750,000
Sold Price
$11,550,000
Premium/Discount to List
$800,000
7.44%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,100,890
Avg. Annual Appreciation
-7.12%
Original Mortgage
$5,000,000
Outstanding Balance
$4,802,673
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$4,793,660
Purchase Details
Closed on
May 14, 2021
Sold by
Montecito Ranch Estates Inc
Bought by
Mre 7 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
3.1%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Raab Family Trust | $11,550,000 | Chicago Title | |
| Mre 7 Llc | -- | Chicago Title Co Com Div |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Raab Family Trust | $5,000,000 | |
| Previous Owner | Mre 7 Llc | $1,650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2023 03/23/23 | Sold | $11,550,000 | +7.4% | $2,155 / Sq Ft |
| 03/07/2023 03/07/23 | Pending | -- | -- | -- |
| 02/14/2023 02/14/23 | For Sale | $10,750,000 | -- | $2,006 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $125,018 | $12,016,620 | $6,242,400 | $5,774,220 |
| 2023 | $125,018 | $3,277,962 | $579,830 | $2,698,132 |
| 2022 | $23,461 | $2,063,689 | $570,422 | $1,493,267 |
| 2021 | $9,052 | $699,697 | $461,199 | $238,498 |
| 2020 | $8,936 | $692,523 | $456,470 | $236,053 |
| 2019 | $7,257 | $678,945 | $447,520 | $231,425 |
| 2018 | $7,145 | $665,634 | $438,746 | $226,888 |
| 2017 | $7,023 | $652,584 | $430,144 | $222,440 |
| 2016 | $6,903 | $639,789 | $421,710 | $218,079 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Riskin
-
Nancy Kogevinas
Buyer's Agent in 2023
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
(805) 450-6233
11 in this area
239 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-393
APN: 005-210-074
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