NOT LISTED FOR SALE

Estimated Value: $8,791,000 - $9,283,000

5 Beds
7 Baths
7,200 Sq Ft
$1,254/Sq Ft Est. Value

Last Sold December 20, 2016

Last sale price $5,300,000 $736 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $53,705/month

About This Home

EXPERIENCE EXQUISITE VIEWS and an indoor|outdoor luxurious LIFESTYLE in this openly spacious and sprawling magnificent custom Santa Barbara style estate. The privately gated residence is situated on a 1/2 acre expansive wide 180 degree view lot with poetic and picturesque wide open vistas overlooking natural preserves and Bommer Canyon. This up to date entertaining masterpiece features a ground level master suite worthy of a 5 star resort plus 4 additional bedrooms and 5 baths and 2 other 1/2 half baths, a library|office, an upper level lounge with bar, a sun-drenched pool pavilion which includes a shower, fireplace and 1 of the 1/2 baths, private loggias and balconies throughout, top of the line lighting and electronics, state-of-the-future technology and a 2,500 bottle wine cellar. This exceptional home brings together the finest in artisan workmanship, location and notable experiences. Embodying many features and fine finishes that are found only in the most elite homes and located within the exclusive guard double gated community of SHADY CANYON a community that further extends the finest world class amenities, not only award winning but nationally acclaimed schools, and exclusivity.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Nov 16, 2016
Sold by
Cordero Alfonso G and Cordero Mercy B
Bought by
Stowell Scott D and Stowell Adrienne L
Seller's Agent
Abbey Young
T.N.G. Real Estate Consultants
Buyer's Agent
Ron Millar
Arbor Real Estate
List Price
$5,988,000
Sold Price
$5,300,000
Premium/Discount to List
-$688,000
-11.49%
Current Estimated Value
$9,031,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,731,487
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Sep 25, 2013
Sold by
C O O
Bought by
Cordero Alfonso G and Cordero Mercy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,850,000
Interest Rate
4.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 14, 2010
Sold by
Ogron Mitchell and Ogron Melissa A
Bought by
The Black Hawk Trust and #29 Cic

Purchase Details

Closed on
Feb 4, 2005
Sold by
Maguire Kevin S and Maguire Lisa D
Bought by
Ogron Mitchell and Ogron Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,147,500
Interest Rate
5.8%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stowell Scott D $5,300,000 First American Title Company
Cordero Alfonso G -- Orange Coast Title
The Black Hawk Trust $3,275,000 None Available
Ogron Mitchell $5,925,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cordero Alfonso G $3,850,000
Previous Owner Ogron Mitchell $4,147,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2016 12/20/16 Sold $5,300,000 -11.5% $736 / Sq Ft View Prior Sale
10/26/2016 10/26/16 For Sale $5,988,000 0.0% $832 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
09/08/2016 09/08/16 Price Changed $5,988,000 -9.2% $832 / Sq Ft
08/17/2016 08/17/16 For Sale $6,595,000 -- $916 / Sq Ft

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 $71,114 $6,193,280 $4,247,653 $1,945,627
2024 $71,114 $6,071,844 $4,164,366 $1,907,478
2023 $69,765 $5,952,789 $4,082,712 $1,870,077
2022 $68,493 $5,836,068 $4,002,659 $1,833,409
2021 $67,404 $5,721,636 $3,924,176 $1,797,460
2020 $66,782 $5,662,968 $3,883,938 $1,779,030
2019 $65,612 $5,551,930 $3,807,782 $1,744,148
2018 $64,093 $5,406,000 $3,733,119 $1,672,881
2017 $62,972 $5,300,000 $3,659,920 $1,640,080
2016 $66,986 $5,695,440 $4,063,190 $1,632,250
2015 $66,034 $5,609,890 $4,002,157 $1,607,733
2014 $65,606 $5,500,000 $3,923,760 $1,576,240
Source: Public Records

Agents Affiliated with this Home

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