NOT LISTED FOR SALE

2957 E Valley Rd Santa Barbara, CA 93108

Toro Canyon Neighborhood

Estimated Value: $6,328,000 - $15,398,194

5 Beds
7 Baths
5,175 Sq Ft
$2,099/Sq Ft Est. Value

Sale Details

Date Sold: September 8, 2023

Last sale price $16,000,000 $3,092 Per Sq Ft

Est. 32% decrease in value since last sale

Current estimated payment $72,323 / mo

33 Days on Market

Highlights

  • Ocean View
  • Spa
  • Updated Kitchen
  • Guest House
  • Property is near an ocean
  • 2 Acre Lot

About This Home

As of September 2023

Modern, stylish & newly completed, patience for the ideal property has finally paid off! Welcome to this expertly designed compound surrounded by truly magnificent ocean, mountain, & hillside views. Becker Studios has masterfully executed the almost impossible balance of high design & relaxed livability for a brilliant result. Tucked at the end of a long driveway, the gated 2 acre estate hosts world-class amenities & immense privacy. The 5 bed, 7 bath residence is graced with a spacious ground-floor primary suite, premier chef's kitchen, superb indoor/outdoor living, Waterworks fixtures, unobstructed views, with a destination swimming pool, regulation-size pickle ball court, game room Cabana, detached 1 bd guest house, & two 2-car garages. Superior quality in a highly tranquil setting.

Last Agent to Sell the Property

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 07/01/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 2 Acre Lot
  • Gated Home
  • Artificial Turf
  • Level Lot
  • Flag Lot
  • Irrigation
  • Hilly Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Parking

  • 4 Car Detached Garage

Property Views

  • Ocean
  • Island
  • Coastline
  • Harbor
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Stucco

Interior Spaces

  • 5,175 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Free Standing Fireplace
  • Double Pane Windows
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Office
  • Game Room
  • Home Gym
  • Updated Kitchen
  • Fire Sprinkler System
  • Laundry Room

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • Guest Quarters

Outdoor Features

  • Spa
  • Property is near an ocean
  • Deck
  • Covered Patio or Porch
  • Fireplace in Patio
  • Gazebo
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Additional Features

  • Guest House
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 005-040-028

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

2 Acres

Parking

4

Listing Details

  • Directions: From East Valley Road, turn down shared lane, at the collective sign of addresses. Steer to the right and continue to the end of the lane, to 2957 East Valley Rd.
  • Prop. Type: Residential
  • Year Built: 1987
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Flag Lot, Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Fire Sprinkler System
  • Architectural Style: Contemporary
  • Reso Flooring: Hardwood, Marble, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1987
  • Property Information Apx # Acres: 2.0
  • 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
  • LocationTopo Hilly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • Security Fire Sprinkler System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 5175.0
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Wet Bar2: Yes
  • Proximity Near Bus: Yes
  • Style:Contemporary2: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • ViewOcean: Yes
  • View Coastline: Yes
  • View Islands: Yes
  • ParkingGarage Detached: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • ParkingGarage Gar #4: Yes
  • View Harbor2: Yes
  • Fireplace(s) Patio3: Yes
  • GroundsLandscaping Artificial Turf: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Rooms Game Room3: Yes
  • Fireplace(s) Free Standing2: Yes
  • LocationTopo Flag Lot2: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 4.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Free Standing, LR, Patio
  • Other Rooms:Great Room: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Islands, Coastline, Ocean, Setting, Harbor, Panoramic
  • Construction Type: Stucco
  • Acres: 2.0
  • Topography: Hilly, Level
  • Exterior Features: Pool, Deck, Patio Open, Patio Covered, Hot Tub, Gazebo, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Gar #4, Detached

Utilities

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

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 005-040-028
  • Zoning: R-1
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Aug 21, 2023
Sold by
Bought by
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$17,600,000
Sold Price
$16,000,000
Premium/Discount to List
-$1,600,000
-9.09%
Views
450
Current Estimated Value
$10,863,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,136,903
Avg. Annual Appreciation
-13.00%
Original Mortgage
$3,500,000
Outstanding Balance
$3,390,780
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$7,472,317

Purchase Details

Closed on
Oct 21, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 1, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 19, 2020
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.59%

Purchase Details

Closed on
Mar 30, 1994
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
7.38%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$16,000,000 Chicago Title Company
$3,000,000 Chicago Title Company
$2,850,000 Chicago Title Company
-- None Available
-- Chicago Title Co
-- Equity Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,500,000
Previous Owner $1,950,000
Previous Owner $700,000
Previous Owner $725,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $16,000,000 -9.1% $3,092 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $17,600,000 -- $3,401 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $167,896 $16,320,000 $4,080,000 $12,240,000
2023 $167,896 $3,413,728 $2,236,860 $1,176,868
2022 $28,148 $2,626,500 $2,193,000 $433,500
2021 $32,034 $3,000,000 $2,150,000 $850,000
2020 $16,392 $1,519,015 $569,629 $949,386
2019 $15,696 $1,489,231 $558,460 $930,771
2018 $15,449 $1,460,031 $547,510 $912,521
2017 $15,181 $1,431,404 $536,775 $894,629
2016 $14,918 $1,403,338 $526,250 $877,088
2015 $14,751 $1,382,260 $518,346 $863,914
2014 -- $1,355,185 $508,193 $846,992
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Marsha Kotlyar Estate Group

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4014

    5 in this area

    159 Total Sales

    Marsha Kotlyar Estate Group
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1923

Santa Barbara Multiple Listing Service

APN: 005-040-028

California Santa Barbara County Santa Barbara 93108 Toro Canyon

2957 E Valley Rd, Santa Barbara, CA

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