NOT LISTED FOR SALE

2749 Sycamore Canyon Rd Santa Barbara, CA 93108

Estimated Value: $6,631,690 - $7,329,000

5 Beds
3.5 Baths
4,067 Sq Ft
$1,736/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $2,660,000 $654 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $41,101/month

23 Days on Market

Highlights

  • Property is near an ocean
  • Updated Kitchen
  • Fireplace in Primary Bedroom
  • Cold Spring Elementary School Rated A
  • Cape Cod Architecture
  • Property is near a park

About This Home

As of October 2016

This gated, private Nantucket Home is conveniently close to Montecito's Upper Village & Lower Village. Gracious East Coast Cape Cod design with sophisticated Ralph Lauren styling. The remodeled 5 bedrooms & 3.5 baths have fine finishes with quality materials, craftsmanship and attention to detail. The park-like grounds feature a historic fountain, entertainment patio and water well for irrigation. Large attached 3 car garage. This property has amenities, quality, design and features typically found in the $3 million price range. It has been thoroughly remodeled. Quality built-ins, designer closets, gourmet equipped kitchen with eat-in breakfast area. Bedroom #1 is adjacent to the kitchen and also works as a den/family room. Bedroom #5 adjacent to the master bedroom also functions well as an office or infants nursery. This home has air conditioning, landscape lighting and irrigation systems. The landscaping has been neglected with many plants distressed/perished from the drought. There's great potential to restore its previous beauty.

Last Agent to Sell the Property

Gabe Venturelli

Coldwell Banker Realty Listed on: 08/21/2016

Co-Listed By

Bruce Venturelli

Sotheby's International Realty License #00683076

Last Buyer's Agent

Leslie Lopez

Pitts & Bachmann Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,337

Year Built

  • Built in 1978

Lot Details

  • 0.84 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Property is in good condition
  • Property is zoned A-1

Parking

  • Direct Access Garage

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Wood Flooring
  • Laundry Room
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Outdoor Features

  • Property is near an ocean
  • Covered patio or porch
  • Shed

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 011-120-055

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,337

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Directions: Prepare Buyers of needed landscape upgrading & interior TLC. Hot Springs to Sycamore Canyon Road. Travel past East Valley Road about 300 yards. 2749 is on the right hand side of road.
  • Prop. Type: Residential
  • Year Built: 1978
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Co List Office Mls Id: cb01
  • Co List Office Phone: 805-969-4755
  • Architectural Style: Cape Cod
  • Reso Flooring: Wood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Reso Property Condition: Good
  • Property Information Year Built2: 1978
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.84
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: 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 Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Pvt Well In: Yes
  • Property Information Apx Lot SqFt: 36600.0
  • Condition Good2: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • Fireplace(s):_two_3: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • Other Buildings Shed: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Site Improvements Cable TV3: Yes
  • FlrWdw Coverings Wood2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms LbryStudy: Yes
  • Style Cape Cod2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Gas Stove
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, 2, Gas, LR

Exterior Features

  • Roof: Composition
  • View: Setting
  • Construction Type: Other
  • Acres: 0.84
  • Topography: Level
  • Exterior Features: Patio Covered, Yard Irrigation PRT, Fenced: BCK, Fenced: PRT
  • Foundation Details: Slab

Garage/Parking

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

Utilities

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

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 011-120-055
  • Zoning: A-1
  • Lot Size Sq Ft: 36600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2020
Sold by
Lopez Hollis Carlos A and Lopez Hollis Amanda
Bought by
Lopez Carlos S and Lopez Leslie H
Current Estimated Value
$7,059,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2016
Closed on
Sep 20, 2016
Sold by
Bank Of New York Mellon
Bought by
Lopez Hollis Carlos A and Lopez Hollis Amanda M
Seller's Agent
Gabe Venturelli
Coldwell Banker Realty
Buyer's Agent
Leslie Lopez
Pitts & Bachmann Realtors
List Price
$2,600,000
Sold Price
$2,660,000
Premium/Discount to List
$60,000
2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$1,965,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2016
Sold by
Melchiori Mark and Melchiori Heather
Bought by
Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
May 9, 2013
Sold by
Melchiori Heather
Bought by
Doves Nest Llc

Purchase Details

Closed on
Jul 20, 2012
Sold by
Melchiori Mark
Bought by
Melchiori Heather

Purchase Details

Closed on
Dec 1, 2003
Sold by
Investec Construction Inc and Lewis Randall Diane B
Bought by
Melchiori Mark and Melchiori Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.56%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 2, 2001
Sold by
New Mill Farm Inc
Bought by
Investec Construction Inc and Lewis Randall Diane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
7.19%

Purchase Details

Closed on
Mar 31, 2000
Sold by
Rossi Francesco M
Bought by
New Mill Farm Inc

Purchase Details

Closed on
Jul 10, 1997
Sold by
Jitner Walter and Jitner Rosemarie
Bought by
Rossi Francesco M

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
7.58%
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
Lopez Carlos S $3,700,000 Fidelity National Title
Lopez Hollis Carlos A $2,660,000 Servicelink Title Company
Bank Of New York Mellon $3,199,920 Accommodation
Doves Nest Llc -- None Available
Melchiori Heather -- Chicago Title Company
Melchiori Mark -- Lawyers Title Company
Investec Construction Inc -- First American Title
New Mill Farm Inc -- --
Rossi Francesco M $900,000 Santa Barbara Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Family Trust $1,505,000
Closed Lopez Carlos S $1,500,000
Previous Owner Lopezhollis Carlos A $192,000
Previous Owner Lopez Hollis Carlos A $1,918,000
Previous Owner Lopez Hollis Carlos A $1,965,000
Previous Owner Melchiori Mark $2,795,000
Previous Owner Melchiori Mark $350,000
Previous Owner Melchiori Mark $1,500,000
Previous Owner Melchiori Mark $1,500,000
Previous Owner Investec Construction Inc $1,140,000
Previous Owner Rossi Francesco M $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2016 10/28/16 Sold $2,660,000 +2.3% $654 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/20/2016 08/20/16 For Sale $2,600,000 -- $639 / 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 $25,337 $2,324,334 $849,842 $1,474,492
2023 $25,337 $2,234,080 $816,843 $1,417,237
2022 $24,541 $2,190,276 $800,827 $1,389,449
2021 $24,123 $2,147,330 $785,125 $1,362,205
2020 $30,886 $2,822,813 $1,591,812 $1,231,001
2019 $30,351 $2,767,464 $1,560,600 $1,206,864
2018 $29,784 $2,713,200 $1,530,000 $1,183,200
2017 $29,205 $2,660,000 $1,500,000 $1,160,000
2016 $30,385 $2,800,564 $1,441,252 $1,359,312
2014 $29,398 $2,704,463 $1,391,796 $1,312,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2797

Santa Barbara Multiple Listing Service

APN: 011-120-055