NOT LISTED FOR SALE

2985 E Valley Rd Santa Barbara, CA 93108

Toro Canyon Neighborhood

Estimated Value: $3,788,000 - $4,525,000

1 Acre
$4,077,333 Price per Acre
43,560 Sq Ft Lot

Last Sold March 01, 2021

Last sale price $575,000

Est. 609% increase in value since last sale

Current estimated payment $23,489/month

14 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Property is near park

About This Lot

As of March 2021

Fully entitled and ready to build! Thuis stylish contemporary home in the foothills of Montecito. This ready to build project is situated on a one-acre site and comes with approved plans for a 2,100 sq. ft. modern home that offers sleek lines and walls of glass that invite in the natural beauty surrounding the property. If you are looking for a project, but don't have the desire to spend time, money, and energy going through the planning process, this is an unmatched opportunity.

Last Agent to Sell the Property

Trey Evans

Evans Realty & Investments License #01421487 Listed on: 01/15/2021

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Property Type

  • Land

Lot Details

  • 1 Acre Lot
  • Steep Slope
  • Property is zoned E-1

Property Views

  • Ocean
  • Mountain

Location

  • Property is near park

Schools

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

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 005-040-020

Community Details

Overview

  • 10 Hidden Valley Subdivision

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Property is located at the end of a shared driveway on the left. It is the last driveway before you get to the bridge where East Valley turns into Toro Canyon.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Steep Slope
  • Subdivision Name: 10 - Hidden Valley
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • Site Improvements Electric4: Yes
  • Utility Info Electric2: Yes
  • Utility Info Telephone2: Yes
  • Utility Info Cable2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • LocationTopo Steep2: Yes
  • Utility Info Gas6: Yes
  • Site Improvements Gas7: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, Setting
  • Acres: 1.0
  • Topography: Steep

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 005-040-020
  • Zoning: E-1
  • Lot Size Sq Ft: 43560.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2021
Sold by
Mogan Susan A
Bought by
Mogan Thomas
Current Estimated Value
$4,077,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,525,000
Outstanding Balance
$1,394,766
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,682,567

Purchase Details

Closed on
Sep 30, 2021
Sold by
Mogan Liam Patrick
Bought by
Mogan Liam Patrick and Mogan Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,525,000
Outstanding Balance
$1,394,766
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,682,567

Purchase Details

Listed on
Jan 15, 2021
Closed on
Feb 22, 2021
Sold by
Saticoy Developement Company Llc
Bought by
Mogan Liam Patrick
Seller's Agent
Trey Evans
Evans Realty & Investments
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$579,000
Sold Price
$575,000
Premium/Discount to List
-$4,000
-0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.15%
Original Mortgage
$399,625
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2014
Sold by
Community West Bank
Bought by
Saticoy Development Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 2, 2014
Sold by
2985 East Valley Road Ltd
Bought by
Community West Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 10, 2000
Sold by
Tr Quigley Richard Defined Benefit Pen and Quigley Richard B
Bought by
2985 East Valley Road Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Mogan Thomas -- Ticor Title
Mogan Liam Patrick -- Ticor Title
Mogan Liam Patrick $575,000 Chicago Title Company
Saticoy Development Company Llc $140,000 Chicago Title Company
Community West Bank $150,076 Accommodation
2985 East Valley Road Ltd $383,500 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mogan Thomas $1,525,000
Closed Mogan Liam Patrick $1,525,000
Previous Owner Mogan Liam Patrick $399,625
Previous Owner Saticoy Development Company Llc $112,000
Previous Owner 2985 East Valley Road Ltd $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2021 03/01/21 Sold $575,000 -0.7% --
01/29/2021 01/29/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $579,000 -- --
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 $28,542 $2,764,397 $800,897 $1,963,500
2023 $28,542 $1,198,230 $698,230 $500,000
2022 $7,357 $676,500 $676,500 $0
2021 $1,903 $158,547 $158,547 $0
2020 $1,850 $156,922 $156,922 $0
2019 $1,659 $153,846 $153,846 $0
2018 $1,634 $150,830 $150,830 $0
2017 $1,606 $147,873 $147,873 $0
2016 $1,579 $144,974 $144,974 $0
2014 $4,945 $480,388 $480,388 $0
Source: Public Records

Agents Affiliated with this Home

  • Trey Evans

    Seller's Agent in 2021

    Trey Evans

    Evans Realty & Investments

    (805) 680-4550

    1 in this area

    19 Total Sales

    Trey Evans
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-158

Santa Barbara Multiple Listing Service

APN: 005-040-020

California Santa Barbara County Santa Barbara 93108 Toro Canyon

2985 E Valley Rd, Santa Barbara, CA

Not Listed for Sale

Lots

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