NOT LISTED FOR SALE

298 E Mountain Dr Santa Barbara, CA 93108

Estimated Value: $3,917,000 - $6,295,000

5 Beds
0.5 Bath
4,151 Sq Ft
$1,212/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $2,250,000 $542 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $27,008/month

Highlights

  • Ocean View
  • Spa
  • Fireplace in Primary Bedroom
  • Cold Spring Elementary School Rated A+
  • Fruit Trees
  • Main Floor Bedroom

About This Home

As of June 2021

Available furnished or unfurnished 7/1 for 1 year. Nestled in the hills of Montecito, this private gated Mediterranean-style paradise offers breathtaking180-degree ocean and island views from every living space. The 5 bedroom 4.5 bath luxury home located in the Cold Spring School District features a swimming pool, waterslide and spa with panoramic views of the Santa Barbara coastline, wood fire pizza oven, CornuFe oven, two fireplaces, newly updated media room and saltillo tile throughout. Just minutes from downtown, this ocean view retreat is an outdoor enthusiast's dream, conveniently located on Mountain Drive just 0.7 miles from Cold Springs Trailhead and just over a mile from Hot Springs Trail. Priced @ 17K per month

Last Agent to Rent the Property

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 05/08/2021

Berkshire Hathaway HomeServices California Properties

Last Renter's Agent

Mary Whitney

Berkshire Hathaway HomeServices California Properties License #01144746 Listed on: 05/08/2021

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • 2012

Lot Details

  • Fenced
  • Fruit Trees
  • Property is in excellent condition

Parking

  • Attached Garage

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • Mountain

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 4,151 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Skylights
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Home Office

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • 0.5 Bathroom

Pool

  • Spa
  • Outdoor Pool

Additional Features

  • Covered Patio or Porch
  • Property is near schools
  • Central Air

Listing and Financial Details

  • Property Available on 7/1/21
  • Assessor Parcel Number 013-030-023

Home Details

Home Type

Single Family

Year Built

2012

Lot Details

0

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Fully Furnished, Unfurnished
  • Architectural Style: Medit
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Property Information:Date Available: 2021-07-01
  • Property Information Total Bathrooms2: 4.5
  • GroundsLandscaping Fenced All: Yes
  • View Mountain(s): Yes
  • View Setting: Yes
  • GroundsLandscaping Fruit Trees: Yes
  • Dining Breakfast Bar: Yes
  • Dining Dining Area: Yes
  • Fireplace(s) Living Room: Yes
  • Furnishings Fully Furnished: Yes
  • Style Medit: Yes
  • ParkingGarage Gar #23: Yes
  • GroundsLandscaping Patio Open: Yes
  • GroundsLandscaping Pool3: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • ViewHarbor: Yes
  • View Ocean2: Yes
  • Proximity Near School(s): Yes
  • Construction Two Story: Yes
  • ParkingGarage Attached5: Yes
  • GroundsLandscaping Hot Tub: Yes
  • GroundsLandscaping Patio Covered: Yes
  • Rooms Ground Floor Bedroom: Yes
  • Dining Breakfast Area: Yes
  • Amenities Dual Pane Window: Yes
  • Rooms:Family Room: Yes
  • Dining In Kitchen: Yes
  • HeatingCooling AC Central: Yes
  • Fireplace(s):_two_: Yes
  • Fireplace(s) Master Bedroom: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 2012

Interior Features

  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: 2, Gas, Living Room, Master Bedroom
  • Other Rooms:Office: Yes
  • Number of Fireplaces Gas: Yes

Exterior Features

  • View: Mountain(s), Harbor, Ocean, Panoramic, Setting
  • Exterior Features: Fenced All, Fruit Trees, Hot Tub, Patio Covered, Patio Open, Pool, Spa - Outside
  • View:Panoramic: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Gar #2

Association/Amenities

  • Interior Amenities:Pantry: Yes
  • Amenities:Skylight: Yes

Lot Info

  • Parcel #: 013-030-023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2021
Closed on
Jul 1, 2021
Sold by
Murray Brian D and Murray Sarah R
Bought by
Murray Brian D and Murray Sarah R
Seller's Agent
Mary Whitney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mary Whitney
Berkshire Hathaway HomeServices California Properties
Sold Price
$15,000
Current Estimated Value
$4,730,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,715,192
Original Mortgage
$500,696
Outstanding Balance
$453,605
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$4,577,987

Purchase Details

Listed on
Feb 29, 2016
Closed on
Aug 10, 2016
Sold by
Dallow Peter and Dallow Janine
Bought by
Murray Brian D and Murray Sarah R
Seller's Agent
Daniela Johnson
Sotheby's International Realty
Buyer's Agent
Cristal Clarke
Sotheby's International Realty
List Price
$2,450,000
Sold Price
$2,250,000
Premium/Discount to List
-$200,000
-8.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
Jun 22, 2005
Sold by
Dallow Peter
Bought by
Dallow Peter and Dallow Janine

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
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2005
Sold by
Dallow Janine
Bought by
Dallow Peter

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
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2005
Sold by
Atinsky Ronald A
Bought by
Dallow Peter

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
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2001
Sold by
Cutter Fam Tr 3/8/00 Cutter Marc J & Ola Paul
Bought by
Atinsky Ronald A

Purchase Details

Closed on
Mar 8, 2000
Sold by
Cutter Marc J and Paulina Ola
Bought by
Cutter Marc J and Cutter Paulina

Purchase Details

Closed on
Jan 7, 1994
Sold by
Sevada Property Holdings Ltd
Bought by
Cutter Marc J and Cutter Ola Paulina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
7.29%
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
Murray Brian D -- Accommodation
Murray Brian D -- Pacific Coast Title Company
Murray Brian D $2,250,000 Fidelity National Title Co
Dallow Peter -- --
Dallow Peter -- Lawyers Title Company
Dallow Peter -- Lawyers Title Company
Atinsky Ronald A -- Lawyers Title Company
Cutter Marc J -- --
Cutter Marc J $775,000 Trico Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray Brian D $500,696
Previous Owner Dallow Peter $700,000
Previous Owner Dallow Peter $700,000
Previous Owner Cutter Marc J $542,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2021 06/14/21 Rented $15,000 -11.8% --
06/11/2021 06/11/21 Under Contract -- -- --
05/06/2021 05/06/21 For Rent $17,000 0.0% --
08/17/2016 08/17/16 Sold $2,250,000 -8.2% $542 / Sq Ft View Prior Sale
07/13/2016 07/13/16 Pending -- -- --
01/28/2016 01/28/16 For Sale $2,450,000 -- $590 / 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 $26,688 $2,611,314 $1,160,584 $1,450,730
2023 $26,688 $2,509,916 $1,115,518 $1,394,398
2022 $25,724 $2,460,703 $1,093,646 $1,367,057
2021 $25,173 $2,412,454 $1,072,202 $1,340,252
2020 $24,735 $2,387,718 $1,061,208 $1,326,510
2019 $24,421 $2,340,900 $1,040,400 $1,300,500
2018 $23,941 $2,295,000 $1,020,000 $1,275,000
2017 $23,535 $2,250,000 $1,000,000 $1,250,000
2016 $32,465 $3,125,134 $1,589,617 $1,535,517
2014 $31,587 $3,017,897 $1,535,070 $1,482,827
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2021

    Mary Whitney

    Berkshire Hathaway HomeServices California Properties

    (805) 689-0915

    3 in this area

    13 Total Sales

    Mary Whitney
    Section Image

  • D

    Seller's Agent in 2016

    Daniela Johnson

    Sotheby's International Realty

  • C

    Buyer's Agent in 2016

    Cristal Clarke

    Sotheby's International Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-1629

Santa Barbara Multiple Listing Service

APN: 013-030-023

California Santa Barbara County Santa Barbara 93108

298 E Mountain Dr, Santa Barbara, CA

Not Listed for Sale

Detached

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