$13,000,000
SOLD SEP 4, 2015
3 Beds
3.5 Baths
-- Sq Ft
0.64 Acres

Recently Sold

13% Below List Price

33 Days on Market

Highlights

  • Ocean Front
  • Ranch Style House
  • Lawn
  • Updated Kitchen
  • Cathedral Ceiling
  • Covered Patio or Porch

About This Home

As of March 2017

A once in a lifetime opportunity to live the dream. This casually elegant beachfront home on Padaro Lane boasts a spectacular location on Padaro Beach, one of the West Coast's finest. The home also has exclusive beach access in the form of a gentle path meandering from rolling lawn directly to the sand and the water's edge. With 84 feet of ocean frontage on over half acre of land, this pristine cottage was remodeled in 2007 to accommodate family, friends and guests. The home itself features three spacious bedroom suites, an efficient office off the living room, and high ceilings in the open living, dining and kitchen area. A lattice covered patio extends across the ocean side of the home; the perfect setting for parties and mesmerizing views of dolphins and paddle boarders moving by.
The current owners have made four generations of family memories here. Now you have the opportunity to enjoy the charming cottage just as it is, or reinvent it as your personal retreat. while creating your own unforgettable memories with this breathtaking front row seat on the edge of the continent. Mark Twain would be envious.

Last Agent to Sell the Property

Mary Lu Edick

Village Properties License #00778203 Listed on: 03/10/2015

Last Buyer's Agent

Kathleen Winter

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $152,756

Lot Details

  • Ocean Front
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Lawn

Property Views

  • Ocean
  • Beach
  • Mountain

Home Design

  • Ranch Style House
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

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

Kitchen

  • Updated Kitchen
  • Built-In Double Oven
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Parking

  • Carport
  • Open Parking

Schools

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

Additional Features

  • Stepless Entry
  • Covered Patio or Porch
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 005-400-034

Home Details

Home Type

Single Family

Est. Annual Taxes

$152,756

Lot Details

0

Listing Details

  • Directions: From North, take Padaro exit, turn right & go about half way down, past Beach Club.
  • Prop. Type: Residential
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec, Smoke Detector(s)
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Reso Flooring: Laminate, Carpet, Tile, Vinyl
  • Unit Levels: Entry Lvl(No Stairs), Single Story
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Construction Entry Lvl(No Stairs)2: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Lawn2: 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
  • Fireplace(s) Gas8: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • FlrWdw Coverings Laminate2: Yes
  • Laundry:_two_20V Elect2: Yes
  • ParkingGarage Unc #12: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • LocationTopo Oceanfront2: Yes
  • Rooms LbryStudy: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • ParkingGarage Cpt #22: Yes
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, 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
  • Construction Type: Wood Siding
  • 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: Aliso
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-400-034
  • Zoning: Other

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
$8,995,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,754,863
Avg. Annual Appreciation
-4.27%

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
-3.82%
Original Mortgage
$11,954,443
Interest Rate
3.86%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

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:

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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 Type Sale Price Title Company
Grant Deed $12,750,000 First American Title Company
Grant Deed $13,000,000 Fidelity National Title Co
Grant Deed $13,000,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $11,954,443 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,330,000 New Conventional
Previous Owner $2,025,000 Unknown
Previous Owner $2,050,000 New Conventional
Previous Owner $2,000,000 New Conventional
Previous Owner $2,000,000 Negative Amortization
Previous Owner $1,700,000 New Conventional
Previous Owner $1,600,000 New Conventional
Previous Owner $1,650,000 No Value Available
Previous Owner $1,350,000 No Value Available
Previous Owner $1,100,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
09/04/2015 09/04/15 Sold $13,000,000 -12.8% --
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: 15-772

Santa Barbara Multiple Listing Service

APN: 005-400-034