NOT LISTED FOR SALE

296 Schulte Ln Santa Barbara, CA 93105

Foothill Neighborhood

Estimated Value: $3,150,000 - $3,460,000

2.21 Acres
$1,491,974 Price per Acre
96,268 Sq Ft Lot

Last Sold June 07, 2013

Last sale price $560,000

Est. 489% increase in value since last sale

Current estimated payment $19,615/month

320 Days on Market

Highlights

  • Ocean View
  • 2.21 Acre Lot
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Hilly Lot
  • Foothills

About This Lot

As of June 2013

Extremely rare opportunity! Build your dream home on this 2.2 acre ocean view site located in the heart of Santa Barbara on a private, gated lane amongst multi-million dollar estates. Matured avocado orchard and ag meter. Utilities on site. Seller Financing Available.

Last Agent to Sell the Property

Darin Guglielmo

Village Properties License #01351981 Listed on: 07/19/2012

Last Buyer's Agent

David Hay

Central Coast Real Estate License #01912130

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,208

Lot Details

  • 2.21 Acre Lot
  • Hilly Lot
  • Property is zoned A-1

Property Views

  • Ocean
  • Panoramic
  • Woods
  • Mountain

Location

  • Property is near a park
  • Property near a hospital
  • Property is near schools
  • Property is near shops

Schools

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

Community Details

  • 15 San Roque/Above Foothill Subdivision
  • Foothills

Listing and Financial Details

  • Assessor Parcel Number 055-230-004

Property Details

Property Type

Land

Est. Annual Taxes

$20,208

Lot Details

0

Listing Details

  • Directions: Schulte Lane - private road off Foothill just North of Ontare.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Subdivision Name: 15 - San Roque/Above Foothill
  • Property Information Apx # Acres: 2.21
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Hilly2: Yes
  • Site Improvements Util At Site: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • ViewOcean: Yes
  • Property Information Apx Lot Size FxD: 96268
  • Proximity Near Hospital2: Yes
  • LocationTopo Foothills2: Yes
  • Assessor's Data Assessor Lot Acres: 2.21
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Wooded, Panoramic
  • Acres: 2.21
  • Topography: Foothills, Hilly

Utilities

  • Water Source: SB Wtr

Schools

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

Lot Info

  • Parcel #: 055-230-004
  • Zoning: A-1
  • Lot Size Sq Ft: 96267.6
  • ResoLotSizeUnits: Apx Lot Size FxD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2016
Sold by
Stone Danielle
Bought by
The Stone Family 2000 Trust
Current Estimated Value
$3,297,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 19, 2012
Closed on
Jun 5, 2013
Sold by
The Rudi Schulte Research Institute
Bought by
Stone Danielle
Seller's Agent
Darin Guglielmo
Village Properties
Buyer's Agent
David Hay
Central Coast Real Estate
List Price
$649,000
Sold Price
$560,000
Premium/Discount to List
-$89,000
-13.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%

Purchase Details

Closed on
Sep 30, 2009
Sold by
Franzen James and Welch Stephen
Bought by
The Rudi Schulte Research Institute
Source: Public Records

Range of Values:

Collateral Analytics

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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
The Stone Family 2000 Trust -- Chicago Title Company
Stone Danielle $560,000 First American Title Company
The Rudi Schulte Research Institute -- None Available
The Rudi Schulte Family Foundation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Family 2000 Trust $1,360,500
Closed The Stone Family 2000 Trust $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2013 06/07/13 Sold $560,000 -13.7% --
06/04/2013 06/04/13 Pending -- -- --
07/19/2012 07/19/12 For Sale $649,000 -- --
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 $20,208 $1,941,202 $746,484 $1,194,718
2023 $20,208 $1,865,826 $717,499 $1,148,327
2022 $19,494 $1,829,242 $703,431 $1,125,811
2021 $19,043 $1,793,376 $689,639 $1,103,737
2020 $18,846 $1,774,988 $682,568 $1,092,420
2019 $18,515 $1,740,185 $669,185 $1,071,000
2018 $18,325 $1,167,064 $626,464 $540,600
2017 $12,164 $1,144,181 $614,181 $530,000
2016 $6,170 $582,531 $582,531 $0
2015 $6,102 $573,781 $573,781 $0
2014 $6,003 $562,542 $562,542 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Darin Guglielmo

    Village Properties

    (805) 698-8260

    2 Total Sales

    Darin Guglielmo
    Section Image

  • D

    Buyer's Agent in 2013

    David Hay

    Central Coast Real Estate

    (805) 699-7100

    3 Total Sales

    David Hay
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-2335

Santa Barbara Multiple Listing Service

APN: 055-230-004

California Santa Barbara County Santa Barbara 93105 Foothill

296 Schulte Ln, Santa Barbara, CA

This home is located at 296 Schulte Ln, Santa Barbara, CA 93105 since 19 July 2012 and is currently estimated at $3,297,262. 296 Schulte Ln is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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