NOT LISTED FOR SALE

Estimated Value: $7,554,000 - $13,179,157

5 Beds
7 Baths
5,675 Sq Ft
$1,701/Sq Ft Est. Value

Last Sold August 05, 2014

Last sale price $7,530,000 $1,327 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $59,443/month

7 Days on Market

Highlights

  • Additional Residence on Property
  • Art Studio
  • Property is near an ocean
  • Ocean View
  • Spa
  • Updated Kitchen

About This Home

As of August 2014

Your private window to luxurious living in Montecito, CA. Perfectly positioned on a quiet ridge of more than nine acres, this newer Mediterranean Estate is graced with unobstructed ocean, island and mountain views. You will feel worlds away, yet minutes to all that Santa Barbara has to offer. Approaching the home from one of two private gated drives, gives you a sense of privacy and seclusion...

From the motor court you are lead to the grand glass and wrought iron entry doors over flagstone steps, and past a peaceful fountain. There are miles of awe inspiring panoramas from Ventura to the Santa Barbara harbor and beyond, capturing mountain views and city lights. This home was thoughtfully designed with most every room capturing the views.

The graceful entry is complimented by vaulted, and beamed ceiling with a large picture window looking out to the garden and water feature. The entry separates the home into two separate wings. The Master suite is to the west, enjoying sunset views, and the public rooms and secondary bedrooms to the east.

A gracious galleria flows the length of the home, leading you to the public rooms, which all feature pitched beam ceilings, and hand distressed walnut floors. The Living Room has magnificent views out to the ocean, and is enhanced with a natural sandstone fireplace, and french doors which open to the view patio. The dining room is open to the living room and is perfect for formal or informal entertaining. It also opens to an outdoor seating area, accentuated by a romantic vine covered trellis.

The cooks kitchen is adjacent to the dining room, and features everything you could possibly need for entertaining. A large granite island with seating is the center of the room. In addition you will find Viking appliances, Miele built-in espresso machine, warming drawers as well as beverage center with refrigerated drawers, and walk in pantry. The copper sink is well positioned to enjoy ocean views beyond the pool.

The spacious, light filled family room is open to the kitchen, and has direct access to the infinity pool, and additional outdoor seating. It also features an impressive natural sandstone fireplace with a new 65" Samsung flat-screen TV, whole-house SONOS sound system, and stunning ocean views down the coast. The family room also opens to the mountain-side terrace, which is an extension of the kitchen, creating unlimited entertaining possibilities for the home. The terrace is fully equipped with a natural sandstone fireplace, and Santa Maria style built-in Bar-B-Que. Lounge on one of the sofas, or dine al-fresco, in true Santa Barbara style.

Finishing off the public rooms is a large library which is tucked on the foothill side of the home. There are custom built-ins, and a large sandstone fireplace. You can enjoy a game of pool, read a book, or utilize the space for your office.

Last Agent to Sell the Property

Pamela Regan

Village Properties Listed on: 05/20/2014

Co-Listed By

Ashley Anderson & Paul Hurst

Berkshire Hathaway HomeServices California Properties License #01903215 / 00826530

Last Buyer's Agent

Suzanne Perkins

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $93,849

Year Built

  • Built in 2004

Lot Details

  • 9.29 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Lot Has A Rolling Slope
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City
  • Mountain

Home Design

  • Mediterranean Architecture
  • Split Level Home
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,675 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Game Room
  • Art Studio
  • Home Gym

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Built-In Range
  • Stove
  • Microwave
  • Dishwasher
  • Reverse Osmosis System

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Parking

  • Direct Access Garage
  • Uncovered Parking

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Fireplace in Patio
  • Patio

Additional Homes

  • Additional Residence on Property

Schools

  • Summerland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Septic System
  • Cable TV Available

Community Details

  • Foothills

Listing and Financial Details

  • Assessor Parcel Number 155-120-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$93,849

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: HIDDEN VALLEY GATE: East Valley to Ladera, to Hidden Valley, to private Lane w/6 mailboxes. Cross wooded bridge, and stay to the right. EAST VALLEY GATE: Top of the private lane just east of Ladera.
  • Prop. Type: Residential
  • Year Built: 2004
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Rolling Slope
  • Road Frontage Type: Easement
  • ResoSecurityFeatures: Monitored, Gate:Elec, Security System, Fire Alarm, Smoke Detector(s)
  • Co List Office Mls Id: pruc1
  • Co List Office Phone: 805-969-5026
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Split Level, Outside Stairs
  • New Construction: No
  • Reso Other Structures: Second Residence
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2004
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 9.29
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Rolly2: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • ParkingGarage Gar #33: Yes
  • Rooms Art Studio2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Construction Split Level: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • WaterSewer Septic In: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • Amenities Second Residence: Yes
  • Security Fire Alarm2: Yes
  • Site Improvements Cable TV3: Yes
  • Laundry Gas Hookup2: Yes
  • Style Medit2: Yes
  • View Harbor2: Yes
  • Rooms LbryStudy: Yes
  • Fireplace(s) Patio3: Yes
  • View City4: Yes
  • LocationTopo Foothills2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Security Monitored2: Yes
  • Rooms Game Room3: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Rnge/Blt-In, Dishwasher, Dryer, Gas Stove, Microwave, Rev Osmosis, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, 2+, LR, Patio
  • Total Bedrooms: 14

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, City, Setting, Harbor, Panoramic
  • Construction Type: Stucco
  • Acres: 9.29
  • Topography: Foothills, Rolly
  • Exterior Features: Pool, Patio Open, SPA-Outside, Lawn, Fruit Trees, Fenced: PRT
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Unc #4, Interior Access, Attached

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 155-120-034
  • Zoning: Other
  • Lot Size Sq Ft: 404672.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2014
Closed on
Jun 16, 2014
Sold by
Hartman James A and Hartman Donna M
Bought by
Strobel Russ M
Seller's Agent
Pamela Regan
Village Properties
Buyer's Agent
Suzanne Perkins
Sotheby's International Realty
List Price
$7,750,000
Sold Price
$7,530,000
Premium/Discount to List
-$220,000
-2.84%
Current Estimated Value
$9,428,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,898,356
Avg. Annual Appreciation
2.28%
Original Mortgage
$3,000,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2008
Sold by
Sbdw Llc
Bought by
Hartman James A and Hartman Donna M

Purchase Details

Closed on
Feb 29, 2008
Sold by
Wieger Debra K
Bought by
Sbdw Llc

Purchase Details

Closed on
Aug 1, 2006
Sold by
Wieger Garth R
Bought by
Wieger Debra K

Purchase Details

Closed on
Mar 2, 2006
Sold by
Allen Martin A and Allen Deanna L
Bought by
Wieger Garth R and Wieger Debra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,900,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 24, 2004
Sold by
Frampton Kevin
Bought by
Allen Martin A and Allen Deanna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2004
Sold by
Lieberthal Ann
Bought by
Frampton Kevin

Purchase Details

Closed on
Mar 2, 2001
Sold by
Frampton Kevin
Bought by
Frampton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.08%

Purchase Details

Closed on
Jan 24, 2001
Sold by
Encon Enterprises Llc
Bought by
Frampton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.08%

Purchase Details

Closed on
Dec 16, 1996
Sold by
Evr Inc
Bought by
Encon Enterprises Llc

Purchase Details

Closed on
Mar 31, 1994
Sold by
Faucett Carol Ann and Stielau Mary Alice
Bought by
Evr Inc
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
Strobel Russ M $7,530,000 Chicago Title Company
Hartman James A -- Lawyers Title Company
Sbdw Llc -- First American Title Company
Wieger Debra K -- None Available
Wieger Garth R -- First American Title Company
Allen Martin A -- First American Title Company
Frampton Kevin -- First American Title Company
Frampton Kevin -- First American Title
Frampton Kevin -- First American Title
Encon Enterprises Llc -- Continental Lawyers Title
Evr Inc $680,000 Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strobel Russ M $3,000,000
Previous Owner Strobel Russ M $3,000,000
Previous Owner Hartman James A $100,000
Previous Owner Wieger Garth R $4,900,000
Previous Owner Allen Martin A $3,000,000
Previous Owner Frampton Kevin $2,000,000
Previous Owner Frampton Kevin $300,000
Previous Owner Frampton Kevin $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2014 08/05/14 Sold $7,530,000 -2.8% $1,327 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $7,750,000 -- $1,366 / 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 $93,849 $9,042,061 $5,288,139 $3,753,922
2023 $93,849 $8,690,948 $5,082,795 $3,608,153
2022 $91,167 $8,520,538 $4,983,133 $3,537,405
2021 $89,286 $8,353,470 $4,885,425 $3,468,045
2020 $88,415 $8,267,816 $4,835,331 $3,432,485
2019 $85,474 $8,105,703 $4,740,521 $3,365,182
2018 $84,134 $7,946,769 $4,647,570 $3,299,199
2017 $82,684 $7,790,951 $4,556,442 $3,234,509
2016 $80,791 $7,594,070 $4,467,100 $3,126,970
2015 $79,891 $7,480,000 $4,400,000 $3,080,000
2014 -- $8,108,000 $4,563,000 $3,545,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-1614

Santa Barbara Multiple Listing Service

APN: 155-120-034