NOT LISTED FOR SALE

2838 E Valley Rd Montecito, CA 93108

Estimated Value: $7,521,000 - $9,814,000

3 Beds
5 Baths
5,743 Sq Ft
$1,548/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $6,000,000 $1,045 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $51,786/month

163 Days on Market

Highlights

  • Additional Residence on Property
  • Pool House
  • Maid or Guest Quarters
  • Ocean View
  • 1.71 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of December 2020

Discreetly sited down a quiet lane & overlooking the Pacific, a surprise awaits. Echoing visions of the French & Italian countrysides, this romantic estate is exquisitely designed w/ beautiful proportions & timeless details. Planned as a petite estate for modern living, the property unfolds past a gated entry & stunning gardens to reveal 3 distinct buildings. The south facing main house is poised @ the top of the property & offers 3BD suites w/a private elevator to escort you to the master suite. All opening to the outdoors, these rooms take advantage of the property's south-facing orientation, w/ the infinity pool/spa & patios all designed to enjoy sunrises & sunsets over the ocean year round. A home built w/ passion & lived in w/ love for many years, is ready for its next chapter

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 10/19/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Erin Chadwick

Compass License #01851177

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 1.71 Acre Lot
  • Gated Home
  • Wooded Lot
  • Lawn
  • Drought Tolerant Landscaping
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture
  • Tile Roof

Interior Spaces

  • 5,743 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Home Gym

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Septic System

Additional Features

  • Patio
  • Additional Residence on Property

Listing and Financial Details

  • Assessor Parcel Number 155-120-050

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2002
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec
  • Architectural Style: Medit
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2002
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.71
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: 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
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 5743.0
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Wooded4: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • FlrWdw Coverings Wood2: Yes
  • Style Medit2: Yes
  • Appliances Included Central Vac2: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Central Vac, Dishwasher, Dryer, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, 2+, LR

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Setting
  • Acres: 1.71
  • Exterior Features: Pool, Pool House, Patio Open, SPA-Outside, Lawn, Wooded, Drought Tolerant LND

Garage/Parking

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

Utilities

  • Cooling: Other
  • Heating: Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Radiant Floor: Yes

Schools

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

Lot Info

  • Parcel #: 155-120-050
  • Zoning: E-1
  • Lot Size Sq Ft: 74487.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2020
Closed on
Dec 23, 2020
Sold by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth
Bought by
Camp Jean Salek and The Jean Salek Camp 2018 Trust
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Erin Chadwick
Compass
List Price
$6,950,000
Sold Price
$6,000,000
Premium/Discount to List
-$950,000
-13.67%
Current Estimated Value
$8,889,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,889,195
Avg. Annual Appreciation
8.20%

Purchase Details

Closed on
Oct 10, 2012
Sold by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth
Bought by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,175,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2007
Sold by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth
Bought by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,096,500
Interest Rate
1.75%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 11, 2005
Sold by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth
Bought by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,999
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 20, 2000
Sold by
Ttees Bagdasarian Michael
Bought by
Bagdasarian Michael D and Bagdasarian Dee Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
7.71%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 23, 1998
Sold by
Briggs Victoria
Bought by
Bagdasarian Michael D and Bagdasarian Elizabeth

Purchase Details

Closed on
Oct 3, 1996
Sold by
Bagdasarian Chris
Bought by
Briggs Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 11, 1996
Sold by
Stanman & Benon Investment Properties
Bought by
Briggs Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.95%
Mortgage Type
Balloon
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
Camp Jean Salek $6,000,000 Chicago Title Company
Bagdasarian Michael D -- Chicago Title Company
Bagdasarian Michael D -- Southland Title
Bagdasarian Michael D -- Southland Title
Bagdasarian Michael D -- Commonwealth Land Title Co
Bagdasarian Michael D -- Commonwealth Land Title Co
Bagdasarian Michael D -- Fidelity National Title Co
Bagdasarian Michael D -- First American Title
Briggs Victoria -- First American Title
Briggs Victoria -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bagdasarian Michael D $2,175,000
Previous Owner Bagdasarian Michael D $2,096,500
Previous Owner Bagdasarian Michael D $1,999,999
Previous Owner Bagdasarian Michael D $1,750,000
Previous Owner Briggs Victoria $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $6,000,000 -13.7% $1,045 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $6,950,000 -- $1,210 / 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 $62,549 $6,068,668 $2,132,239 $3,936,429
2023 $62,549 $5,833,017 $2,049,443 $3,783,574
2022 $60,990 $5,759,445 $2,009,258 $3,750,187
2021 $63,510 $6,000,000 $2,000,000 $4,000,000
2020 $30,494 $2,865,066 $719,669 $2,145,397
2019 $29,570 $2,808,889 $705,558 $2,103,331
2018 $29,105 $2,753,814 $691,724 $2,062,090
2017 $28,602 $2,699,818 $678,161 $2,021,657
2016 $28,108 $2,646,881 $664,864 $1,982,017
2015 $27,794 $2,607,124 $654,878 $1,952,246
2014 -- $2,556,055 $642,050 $1,914,005
Source: Public Records

Agents Affiliated with this Home

  • Nancy Kogevinas

    Seller's Agent in 2020

    Nancy Kogevinas

    Berkshire Hathaway HomeServices California Properties

    (805) 450-6233

    118 in this area

    225 Total Sales

    Nancy Kogevinas
    Section Image
  • Erin Chadwick

    Buyer's Agent in 2020

    Erin Chadwick

    Compass

    (909) 273-4887

    2 in this area

    42 Total Sales

    Erin Chadwick
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2347

Santa Barbara Multiple Listing Service

APN: 155-120-050

California Santa Barbara County Montecito 93108

2838 E Valley Rd, Montecito, CA

Not Listed for Sale

Detached

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