NOT LISTED FOR SALE

Estimated Value: $7,212,000 - $9,373,000

4 Beds
3.5 Baths
4,108 Sq Ft
$2,005/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $7,000,000 $1,704 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $49,526/month

Highlights

  • Ocean View
  • Spa
  • Contemporary Architecture
  • San Marcos Senior High School Rated A
  • Property is near an ocean
  • Wood Flooring

About This Home

As of January 2024

Prepare to be dazzled by spectacular ocean and island views from this exceptional property which combines mid-century modern architecture with a captivating surrounding natural beauty. A gated entry to a sun kissed courtyard creates an ambiance of privacy and serenity and sets the stage for a warm welcome to the home. An open, single level, floorpan with voluminous vaulted ceilings and dramatic expanses of glass celebrate spaciousness and light. The home has four bedrooms, four baths, a family/media room, laundry room and library nook. Panoramic views of the Blue Pacific can be enjoyed from the living room, dining room, gourmet kitchen, guest bedroom and master bedroom suite. The other two bedrooms and family room open out to beautifully landscaped patios and gardens. The entire home flows effortlessly between interior and exterior spaces for the ultimate enjoyment of the of the California lifestyle.
The master bedroom with it's ensuite bath sits in the east wing of the house and features an expansive walk-in closet, custom built in storage, large walk-in shower with dual shower heads, towel warmer, and vanity with dual sinks. A hot tub sits directly outside french doors where you can soak under the stars. The west wing of the house has two bedrooms with a shared bath and library nook. There is a separate entrance to this wing. Sitting on over an acre, there are multiple areas to entertain, or just relax and enjoy the connection with nature. Only minutes to world class restaurants, shopping, hiking trails, biking and beaches.

Last Agent to Rent the Property

Dorrie Powell

Coastal Properties License #01207314 Listed on: 11/23/2023

Last Renter's Agent

Dorrie Powell

Coldwell Banker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $76,941

Year Built

  • 1974

Lot Details

  • Fenced
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Panoramic

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,108 Sq Ft Home
  • 1-Story Property
  • Partially Furnished
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Property is near an ocean
  • Patio

Utilities

  • Forced Air Heating System
  • Water Softener is Owned
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Property Available on 12/1/23
  • Assessor Parcel Number 047-104-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$76,941

Year Built

1974

Lot Details

0

Listing Details

  • Prop. Type: ResidentialLease
  • Reso Property Sub Type: Home/Estate
  • NumberUnfurnished: Partially
  • ResoLaundryFeatures: Laundry Room
  • Architectural Style: Contemporary
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Condition Excellent: Yes
  • Property Information:Date Available: 2023-12-01
  • Property Information Total Bathrooms2: 4.0
  • Construction Single Story: Yes
  • GroundsLandscaping Fenced All: Yes
  • Dining Dining Area: Yes
  • Laundry Laundry Room: Yes
  • Fireplace(s) Living Room: Yes
  • Furnishings Internet: Yes
  • ParkingGarage Gar #23: Yes
  • GroundsLandscaping Patio Open: Yes
  • View Ocean2: Yes
  • Proximity Near Ocean: Yes
  • Security Smoke Detector(s): Yes
  • HeatingCooling GFA2: Yes
  • GroundsLandscaping Hot Tub: Yes
  • Rooms Ground Floor Bedroom: Yes
  • Dining Breakfast Area: Yes
  • Appliances Included Gas Stove: Yes
  • Appliances Included Water Softener Owned: Yes
  • Furnishings Partially Furnished: Yes
  • Rooms:Family Room: Yes
  • Pets Maybe: Yes
  • FlrWdw Coverings Hardwood: Yes
  • GroundsLandscaping Lawn: Yes
  • Appliances Included Double Oven: Yes
  • Fireplace(s) Family Room2: Yes
  • Rooms DenLibraryStudy: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1974

Interior Features

  • Appliances: Water Softener Owned, Dishwasher, Disposal, Double Oven, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room
  • Appliances Included:Dryer: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • View: Ocean, Panoramic
  • Exterior Features: Fenced All, Hot Tub, Lawn, Patio Open
  • View:Panoramic: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Lot Info

  • Parcel #: 047-104-008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Apr 14, 2022
Sold by
Hally Bally Trust
Bought by
Steve Francis Revocable Trust
Seller's Agent
Sener Jones Associates
Village Properties - 1
Buyer's Agent
Grubb Campbell Group
Village Properties
List Price
$7,000,000
Sold Price
$7,000,000
Current Estimated Value
$8,237,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,237,089
Avg. Annual Appreciation
4.80%
Original Mortgage
$4,550,000
Outstanding Balance
$4,202,822
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$4,034,267

Purchase Details

Closed on
Dec 6, 2006
Sold by
Hammond Robert Bruce and Hammond Christine Anne
Bought by
Hammond Robert B and Hammond Christine A

Purchase Details

Closed on
Apr 16, 2001
Sold by
The Gelb Family Trust
Bought by
Hammond Robert Bruce and Hammond Christine Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7%
Source: Public Records

Range of Values:

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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
Steve Francis Revocable Trust $7,000,000 Fidelity National Title
Hammond Robert B -- None Available
Hammond Robert Bruce $1,650,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steve Francis Revocable Trust $4,550,000
Previous Owner Hammond Robert Bruce $600,000
Closed Hammond Robert Bruce $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2024 01/20/24 Rented -- -- --
11/22/2023 11/22/23 For Rent $20,000 +25.0% --
01/23/2023 01/23/23 Rented $16,000 0.0% --
12/10/2022 12/10/22 Price Changed $16,000 -17.9% $4 / Sq Ft
11/29/2022 11/29/22 Price Changed $19,500 -7.1% $5 / Sq Ft
11/08/2022 11/08/22 For Rent $21,000 0.0% --
05/09/2022 05/09/22 Sold $7,000,000 0.0% $1,704 / Sq Ft View Prior Sale
05/09/2022 05/09/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $7,000,000 -- $1,704 / 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 $76,941 $7,428,456 $4,244,832 $3,183,624
2023 $76,941 $6,650,000 $3,800,000 $2,850,000
2022 $27,581 $2,601,700 $1,703,925 $897,775
2021 $26,948 $2,550,687 $1,670,515 $880,172
2020 $26,670 $2,524,533 $1,653,386 $871,147
2019 $26,204 $2,475,039 $1,620,967 $854,072
2018 $25,833 $2,426,510 $1,589,184 $837,326
2017 $24,978 $2,378,932 $1,558,024 $820,908
2016 $24,336 $2,332,287 $1,527,475 $804,812
2014 $23,671 $2,252,255 $1,475,060 $777,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-3501

Santa Barbara Multiple Listing Service

APN: 047-104-008