NOT LISTED FOR SALE

2955 E Valley Rd Santa Barbara, CA 93108

Toro Canyon Neighborhood

Estimated Value: $7,195,000

4 Beds
10 Baths
8,188 Sq Ft
$879/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $33,308,250 $4,068 Per Sq Ft

Current estimated payment $46,322/month

24 Days on Market

Highlights

  • Ocean View
  • Pool House
  • Reverse Osmosis System
  • Guest House
  • Sauna
  • 9.24 Acre Lot

About This Home

As of November 2020

Salt Hill: Montecito's peerless ocean and mountain view estate that pairs relentlessly clean lines with the organic undulations of the surrounding environment. Warm and modern, timeless and utterly cool, this recently renovated compound is the perfect respite from the outside world. Inside the gates, a chic main residence of unmatched quality has walls of glass that look to the sea, open spaces for easy indoor/outdoor entertaining, and a sophisticated floor plan with a luxe primary suite. The newly expanded 9+ acre grounds unfold over 3 parcels to host a large guest house, cabana/gym, security office, pickleball court, pond, and untold upcoming adventures. With sweeping views of the ocean or mountains from nearly every inch of the home, each moment of the day is spent surrounded by beauty.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 10/12/2020

Last Buyer's Agent

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 10/12/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $326,310

Year Built

  • Built in 2011

Lot Details

  • 9.24 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tile Roof

Interior Spaces

  • 8,188 Sq Ft Home
  • 1-Story Property
  • Multiple Fireplaces
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Game Room
  • Sauna
  • Home Gym

Kitchen

  • Built-In Oven
  • Built-In Range
  • Dishwasher
  • Reverse Osmosis System

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Fire and Smoke Detector

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Fireplace in Patio

Additional Homes

  • Guest House

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Radiant Heating System
  • Well
  • Water Softener is Owned

Listing and Financial Details

  • Assessor Parcel Number 005-040-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$326,310

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2011
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Monitored, Gate:Elec, Security Camera, Security System, Fire Alarm, Smoke Detector(s)
  • Architectural Style: Contemporary
  • Reso Flooring: Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2011
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 9.24
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: 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
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 8188.0
  • GroundsLandscaping Sauna3: Yes
  • Rooms Exercise Room2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • WaterSewer Pvt Well In: Yes
  • FlrWdw Coverings Stone2: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • Security Fire Alarm2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • ParkingGarage Gar #4: Yes
  • Fireplace(s) Patio3: Yes
  • Security Monitored2: Yes
  • Rooms Game Room3: Yes
  • GroundsLandscaping Pool House2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Rnge/Blt-In, Dishwasher, Dryer, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 5
  • Half Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, 2+, Gas, LR, Patio

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Panoramic
  • Construction Type: Other
  • Acres: 9.24
  • Topography: Level
  • Exterior Features: Other, Pool, Pool House, Deck, SPA-Outside, Sauna, Lawn, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Slab, Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #4, Attached, Detached

Utilities

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

Schools

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

Lot Info

  • Parcel #: 005-040-026
  • Zoning: R-1
  • Lot Size Sq Ft: 402494.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Nov 3, 2020
Sold by
Neuman Harley J
Bought by
2955 East Valley Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$39,900,000
Sold Price
$33,308,250
Premium/Discount to List
-$6,591,750
-16.52%
Current Estimated Value
$7,195,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,113,250
Avg. Annual Appreciation
-29.14%

Purchase Details

Listed on
Mar 28, 2018
Closed on
Jan 10, 2019
Sold by
Galzer Marsha S
Bought by
Neuman Harley J
Seller's Agent
Suzanne Neal Perkins
Compass
Buyer's Agent
Suzanne Neal Perkins
Compass
List Price
$35,000,000
Sold Price
$27,000,000
Premium/Discount to List
-$8,000,000
-22.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.45%

Purchase Details

Closed on
Apr 5, 2004
Sold by
Fridman Vadim and Osco Bingemann Gigi
Bought by
Glazer Marsha S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,750,000
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 7, 1995
Sold by
Callaway Gerry
Bought by
Crowley Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.63%
Source: Public Records

Range of Values:

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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
2955 East Valley Llc $33,308,500 Chicago Title Company
Neuman Harley J $27,000,000 Chicago Title Co
Glazer Marsha S -- Fidelity National Title Co
Crowley Martin -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2955 East Valley Llc $20,000,000
Previous Owner Glazer Marsha S $8,500,000
Previous Owner Glazer Marsha S $4,750,000
Previous Owner Crowley Martin $4,000,000
Previous Owner Crowley Martin $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $33,308,250 -16.5% $4,068 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
10/12/2020 10/12/20 For Sale $39,900,000 +47.8% $4,873 / Sq Ft
01/23/2019 01/23/19 Sold $27,000,000 -22.9% $3,298 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
03/28/2018 03/28/18 For Sale $35,000,000 -- $4,275 / 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 $326,310 $31,670,069 $15,154,050 $16,516,019
2023 $326,310 $30,440,283 $14,565,600 $15,874,683
2022 $315,822 $29,843,415 $14,280,000 $15,563,415
2021 $309,259 $29,258,250 $14,000,000 $15,258,250
2020 $269,820 $25,500,000 $12,240,000 $13,260,000
2019 $133,107 $12,629,344 $4,015,563 $8,613,781
2018 $131,021 $12,381,711 $3,936,827 $8,444,884
2017 $128,765 $12,138,934 $3,859,635 $8,279,299
2016 $126,545 $11,900,916 $3,783,956 $8,116,960
2015 $125,137 $11,722,154 $3,727,118 $7,995,036
2014 -- $11,492,534 $3,654,109 $7,838,425
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2020

    Robert Riskin

    Village Properties

    (805) 698-0199

    8 in this area

    215 Total Sales

    Robert Riskin
    Section Image

  • S

    Seller's Agent in 2019

    Suzanne Neal Perkins

    Compass

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3992

Santa Barbara Multiple Listing Service

APN: 005-040-026

California Santa Barbara County Santa Barbara 93108 Toro Canyon

2955 E Valley Rd, Santa Barbara, CA

This home is located at 2955 E Valley Rd, Santa Barbara, CA 93108 since 12 October 2020 and is currently estimated at $7,195,000, approximately $878 per square foot. This property was built in 2011. 2955 E Valley Rd is a home located in Santa Barbara County with nearby schools including Carpinteria Senior High School, Our Lady of Mount Carmel School, and Crane Country Day School.

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