W
Seller's Agent in 2019
Wendy Gragg
Distinctive Real Estate
(805) 453-3371
1 in this area
20 Total Sales
2866 E Valley Rd Santa Barbara, CA 93108
Toro Canyon NeighborhoodEstimated Value: $4,827,465 - $5,491,000
3
Beds
3.5
Baths
2,952
Sq Ft
$1,757/Sq Ft
Est. Value
Highlights
- Ocean View
- Fireplace in Primary Bedroom
- Contemporary Architecture
- Fruit Trees
- Deck
- Cathedral Ceiling
About This Home
As of September 2019Sophisticated and stylish single level home nestled down a private and quiet lane. This beautiful home features walls of glass that bring the beautiful gardens and natural light into the home. Its a rare spa like experience that exemplifies indoor outdoor living at its best! This stunning gated home offers tranquility and privacy. This gorgeous mountain view and ocean peek home with vaulted ceilings has a terrific living room & dining room surrounded by glass, gardens & natural light. The kitchen and adjacent sitting room open on to an al fresco patio with ocean peeks and onto another patio with mountain views and gas fire pit overlooking the gardens. The private Master Suite is a spa like retreat with an amazing custom closet. One of the two guest bedrooms has a private entrance. Walls of glass and French doors throughout this home invite the gardens and natural light to be part of the home. This stunningly appointed home with central air conditioning is 3 bedrooms, 3.5 bathrooms on 1.2 gated acres with a 3 car garage. It's a private and tranquil retreat within minutes to everything Montecito has to offer.
Last Agent to Sell the Property
Distinctive Real Estate License #01304471 Listed on: 05/09/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,442
Year Built
- Built in 1986
Lot Details
- 1.2 Acre Lot
- Gated Home
- Irrigation
- Fruit Trees
- Lawn
- Property is in excellent condition
- Property is zoned E-1
Property Views
- Ocean
- Mountain
Home Design
- Contemporary Architecture
- Spanish Architecture
- Mediterranean Architecture
- Cottage
- Raised Foundation
- Slab Foundation
- Tile Roof
- Stucco
Interior Spaces
- 2,952 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Skylights
- Family Room with Fireplace
- Living Room with Fireplace
- Monitored
Kitchen
- Double Oven
- Stove
- Dishwasher
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
Parking
- Detached Garage
- Uncovered Parking
Accessible Home Design
- Stepless Entry
Outdoor Features
- Deck
- Covered Patio or Porch
- Fireplace in Patio
- Built-In Barbecue
Schools
- Summerland Elementary School
- Carp. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Septic System
Community Details
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 155-120-041
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2019
Closed on
Sep 6, 2019
Sold by
Spence Spence Carol L Carol L
Bought by
Quatlity Worldwide Inc
Seller's Agent
Wendy Gragg
Distinctive Real Estate
Buyer's Agent
Maureen McDermut
Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,600,000
Premium/Discount to List
-$395,000
-13.19%
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
$2,586,116
Avg. Annual Appreciation
12.51%
Original Mortgage
$1,500,000
Outstanding Balance
$1,330,247
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,937,953
Purchase Details
Listed on
May 9, 2011
Closed on
Mar 21, 2012
Sold by
Hyman Beverlye Lee
Bought by
Spence G Stuart and Spence Carol L
Seller's Agent
Rebecca Riskin
Village Properties
Buyer's Agent
Wendy Gragg
Distinctive Real Estate
List Price
$3,125,000
Sold Price
$2,525,000
Premium/Discount to List
-$600,000
-19.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.39%
Original Mortgage
$1,000,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 28, 2007
Sold by
Ford Robert B and Ford Cherie D
Bought by
Hyman Beverlye Lee and Beverlye Lee Hyman Living Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
5.5%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 19, 2006
Sold by
Gilman Nancy R
Bought by
Ford Robert B and Ford Cherie D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 6, 1999
Sold by
Gilman Nancy R
Bought by
Gilman Nancy R
Purchase Details
Closed on
Apr 2, 1999
Sold by
Gilman Nancy R
Bought by
Gilman Nancy R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
6.91%
Purchase Details
Closed on
Apr 4, 1995
Sold by
Gilman Mark Samuel
Bought by
Gilman Nancy R
Purchase Details
Closed on
Oct 6, 1994
Sold by
Keebler Frank W and Keebler Linda
Bought by
Gilman Mark S and Gilman Nancy Roberts
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
8.5%
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 |
|---|---|---|---|
| Quatlity Worldwide Inc | $2,600,000 | Chicago Title Company | |
| Spence G Stuart | $2,525,000 | Chicago Title Company | |
| Hyman Beverlye Lee | -- | Lawyers Title Co | |
| Ford Robert B | -- | Lawyers Title Co | |
| Gilman Nancy R | -- | First American Title | |
| Gilman Nancy R | -- | First American Title | |
| Gilman Nancy R | -- | -- | |
| Gilman Mark S | $675,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Quatlity Worldwide Inc | $1,500,000 | |
| Previous Owner | Spence Spence G | $600,000 | |
| Previous Owner | Spence G Stuart | $600,000 | |
| Previous Owner | Spence G Stuart | $1,000,000 | |
| Previous Owner | Hyman Beverly Lee | $475,000 | |
| Previous Owner | Hyman Beverlye Lee | $1,470,000 | |
| Previous Owner | Hyman Beverlye Lee | $250,000 | |
| Previous Owner | Hyman Beverlye Lee | $1,470,000 | |
| Previous Owner | Ford Robert B | $1,225,000 | |
| Previous Owner | Gilman Nancy R | $363,000 | |
| Previous Owner | Gilman Mark S | $365,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/18/2019 09/18/19 | Sold | $2,600,000 | -13.2% | $881 / Sq Ft |
| 08/17/2019 08/17/19 | Pending | -- | -- | -- |
| 05/09/2019 05/09/19 | For Sale | $2,995,000 | +18.6% | $1,015 / Sq Ft |
| 04/03/2012 04/03/12 | Sold | $2,525,000 | -19.2% | $1,026 / Sq Ft |
| 01/03/2012 01/03/12 | Pending | -- | -- | -- |
| 05/09/2011 05/09/11 | For Sale | $3,125,000 | -- | $1,270 / 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 | $29,442 | $2,843,476 | $1,421,738 | $1,421,738 |
| 2023 | $29,442 | $2,733,062 | $1,366,531 | $1,366,531 |
| 2022 | $28,544 | $2,679,474 | $1,339,737 | $1,339,737 |
| 2021 | $27,952 | $2,626,936 | $1,313,468 | $1,313,468 |
| 2020 | $27,669 | $2,600,000 | $1,300,000 | $1,300,000 |
| 2019 | $31,643 | $2,999,329 | $1,520,078 | $1,479,251 |
| 2018 | $31,147 | $2,940,520 | $1,490,273 | $1,450,247 |
| 2017 | $30,611 | $2,882,863 | $1,461,052 | $1,421,811 |
| 2016 | $30,083 | $2,826,337 | $1,432,404 | $1,393,933 |
| 2014 | $26,516 | $2,587,192 | $1,383,251 | $1,203,941 |
Source: Public Records
Agents Affiliated with this Home
-
Wendy Gragg
-
Maureen McDermut
M
Buyer's Agent in 2019
Maureen McDermut
Sotheby's International Realty
(805) 570-5545
2 in this area
89 Total Sales
-
R
Seller's Agent in 2012
Rebecca Riskin
Village Properties
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 19-1646
APN: 155-120-041
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