NOT LISTED FOR SALE

Estimated Value: $2,774,000 - $13,317,063

3 Beds
3.5 Baths
-- Sq Ft
0.64 Acres

Last Sold March 16, 2017

Last sale price $12,750,000

Est. 36% decrease in value since last sale

Current estimated payment $55,369/month

266 Days on Market

Highlights

  • Ocean Front
  • 0.64 Acre Lot
  • Lawn
  • Updated Kitchen
  • Cathedral Ceiling
  • Cottage

About This Home

As of March 2017

Beachfront! Panoramic whitewater ocean, island & coastline views are enjoyed from this ideal location on the knoll of Padaro Lane with privacy, security from wave damage, yet easy exclusive beach access. Remodeled in 2007, this casually elegant gated 3/3.5 home offers indoor/outdoor beach living at its best. The impressive property has 0.65 acres of land with a vast 84′ of beach frontage.

Last Agent to Sell the Property

Kathleen Hurley Winter Real Estate

Berkshire Hathaway HomeServices California Properties License #01022891 Listed on: 01/09/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Kathleen Hurley Winter Real Estate

Berkshire Hathaway HomeServices California Properties License #01022891 Listed on: 01/09/2017

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Lot Details

  • 0.64 Acre Lot
  • Ocean Front
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Beach
  • Panoramic
  • Mountain

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Library
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Carport
  • Open Parking

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch

Schools

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

Additional Features

  • Property is near shops
  • Sewer Stub Out

Community Details

  • Outside Pueblo Lands Community
  • 05 Padaro Subdivision

Listing and Financial Details

  • Assessor Parcel Number 005-400-034

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Directions: Highway 101 to Padaro Lane offramp. Head toward the beach!
  • Prop. Type: Residential
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec, Smoke Detector(s)
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Cal Cottage
  • Carport Y N: Yes
  • Reso Flooring: Laminate, Carpet, Tile, Vinyl
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.64
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Fireplace(s) Gas8: Yes
  • Property Information Apx Lot SqFt: 27878.0
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Outside Pueblo Lands
  • ViewOcean: Yes
  • View Beach2: Yes
  • FlrWdw Coverings Laminate2: Yes
  • ParkingGarage Unc #12: Yes
  • Property Information Apx Lot Size FxD: 84 x
  • GroundsLandscaping Patio Covered2: Yes
  • LocationTopo Oceanfront2: Yes
  • Rooms LbryStudy: Yes
  • ParkingGarage Cpt #22: Yes
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Composition
  • View: Beach, Mountain(s), Ocean, Panoramic
  • Construction Type: Wood Siding
  • Acres: 0.64
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Patio Covered, Lawn, Fenced: PRT
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Cpt #2, Unc #1

Utilities

  • Water Source: Carp Wtr

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 005-400-034
  • Zoning: Other
  • Lot Size Sq Ft: 27878.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2017
Closed on
Feb 28, 2017
Sold by
3319 Padaro Lane Llc
Bought by
Boigers William Marshall and Borgers Kathy Snider
Seller's Agent
Kathleen Hurley Winter Real Estate
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kathleen Hurley Winter Real Estate
Berkshire Hathaway HomeServices California Properties
List Price
$13,500,000
Sold Price
$12,750,000
Premium/Discount to List
-$750,000
-5.56%
Current Estimated Value
$8,138,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,611,646
Avg. Annual Appreciation
-4.98%

Purchase Details

Closed on
Feb 25, 2016
Sold by
Montecito Exchange Corporation
Bought by
3319 Padaro Lane Llc

Purchase Details

Listed on
Mar 11, 2015
Closed on
Aug 26, 2015
Sold by
Montgomery Robert B
Bought by
Montecito Exchange Corporation
Seller's Agent
Mary Lu Edick
Village Properties
Buyer's Agent
Kathleen Winter
Coldwell Banker Realty
List Price
$14,900,000
Sold Price
$13,000,000
Premium/Discount to List
-$1,900,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.44%

Purchase Details

Closed on
May 29, 2014
Sold by
Montgomery Robert B
Bought by
Montgomery Robert B

Purchase Details

Closed on
Apr 18, 2013
Sold by
Montgomery Robert and Green Marilee Montgomery
Bought by
Montgomery Robert B and Green Marilee Montgomery

Purchase Details

Closed on
Feb 27, 2013
Sold by
Montgomery Robert Bruce
Bought by
Montgomery Robert B and Green Marilee Montgomery

Purchase Details

Closed on
Oct 24, 2007
Sold by
Montgomery Robert Bruce and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2007
Sold by
Montgomery Robert Bruce and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2006
Sold by
Montgomery Robert and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 7, 2005
Sold by
Montgomery Robert Bruce and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,700,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2004
Sold by
Montgomery Robert and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2002
Sold by
Montgomery Robert Bruce and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Purchase Details

Closed on
Jun 18, 2001
Sold by
Montgomery Robert Bruce and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
3.15%

Purchase Details

Closed on
Aug 4, 1999
Sold by
Montgomery Robert B & Ruth Ann Trustees and Montgomery Fam Tr 4/26/94
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
2.95%

Purchase Details

Closed on
Sep 9, 1994
Sold by
Montgomery Robert B and Montgomery Ruth Ann
Bought by
Montgomery Robert Bruce and Montgomery Ruth Ann
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

Date Buyer Sale Price Title Company
Boigers William Marshall $12,750,000 First American Title Company
3319 Padaro Lane Llc $13,000,000 Fidelity National Title Co
Montecito Exchange Corporation $13,000,000 Fidelity National Title Co
Montgomery Robert B -- None Available
Montgomery Robert B -- None Available
Montgomery Robert B -- None Available
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert -- Fidelity National Title Co
Montgomery Robert Bruce -- --
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- Fidelity National Title Co
Montgomery Robert Bruce -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montgomery Robert Bruce $2,050,000
Previous Owner Montgomery Robert Bruce $2,000,000
Previous Owner Montgomery Robert $2,000,000
Previous Owner Montgomery Robert Bruce $1,700,000
Previous Owner Montgomery Robert $1,600,000
Previous Owner Montgomery Robert Bruce $1,650,000
Previous Owner Montgomery Robert Bruce $1,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2017 03/16/17 Sold $12,750,000 -5.6% --
02/24/2017 02/24/17 Pending -- -- --
06/03/2016 06/03/16 For Sale $13,500,000 +3.8% --
09/04/2015 09/04/15 Sold $13,000,000 0.0% -- View Prior Sale
09/04/2015 09/04/15 Sold $13,000,000 -12.8% -- View Prior Sale
04/12/2015 04/12/15 Pending -- -- --
04/12/2015 04/12/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $14,900,000 0.0% --
03/10/2015 03/10/15 For Sale $14,900,000 -- --
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 $152,756 $14,797,467 $13,520,825 $1,276,642
2023 $152,756 $14,222,865 $12,995,796 $1,227,069
2022 $147,582 $13,943,986 $12,740,977 $1,203,009
2021 $144,470 $13,670,575 $12,491,154 $1,179,421
2020 $143,019 $13,530,401 $12,363,073 $1,167,328
2019 $140,202 $13,265,100 $12,120,660 $1,144,440
2018 $137,986 $13,005,000 $11,883,000 $1,122,000
2017 $135,592 $12,750,000 $11,650,000 $1,100,000
2016 $9,254 $810,930 $205,885 $605,045
2015 $9,158 $798,750 $202,793 $595,957
2014 -- $783,105 $198,821 $584,284
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1872

Santa Barbara Multiple Listing Service

APN: 005-400-034