NOT LISTED FOR SALE

Estimated Value: $5,250,000 - $44,152,974

4 Beds
5.5 Baths
6,063 Sq Ft
$4,074/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $23,750,000 $3,917 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $153,670/month

Highlights

  • Ocean View
  • Property is near an ocean
  • 0.55 Acre Lot
  • Guest House
  • Updated Kitchen
  • Cape Cod Architecture

About This Home

As of September 2020

FOR STATISTICAL PURPOSES ONLY. Padaro Lane Beach. Expansive open air patios and living areas create a true sense of indoor-outdoor living. The relaxed downstairs floor plan enjoys gracious great room living, paneled den, gourmet kitchen, breakfast room, and lovely guest bedroom. Beautiful stairway with high beamed, paneled ceilings, lead you upstairs to the captivating master suite, office, sitting room, and two additional bedroom suites. With private exterior access you have a separate 795 sp. foot loft with full bath and service bar ideal for home gym or guest suite above a three car garage. Enjoy abundance of surf, sand, sun, and sunsets every day on Padaro beach.

Last Agent to Sell the Property

Barbara Koutnik

Sotheby's International Realty License #00809916 Listed on: 09/21/2020

Last Buyer's Agent

Susan Pate

Village Properties

Village Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $264,757

Year Built

  • Built in 2001

Lot Details

  • 0.55 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Attached Garage

Property Views

  • Ocean
  • Beach

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Slate Roof
  • Wood Shingle Exterior

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Library
  • Loft
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Property is near an ocean
  • Deck
  • Covered Patio or Porch
  • Built-In Barbecue

Location

  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Sewer Stub Out
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Guest House

Community Details

  • 05 Padaro Subdivision

Listing and Financial Details

  • Exclusions: Chandelier
  • Assessor Parcel Number 005-400-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$264,757

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2001
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System, Smoke Detector(s)
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Cape Cod
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs), Two, Outside Stairs
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2001
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.55
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Dining Breakfast Area2: Yes
  • Amenities Guest House2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • Property Information Apx Lot SqFt: 23958.0
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • Site Improvements Cable TV3: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms:Den: Yes
  • Rooms LbryStudy: Yes
  • Dining In Living Room2: Yes
  • Roof Slate2: Yes
  • Rooms Loft2: Yes
  • Exterior Wood Shingles: Yes
  • Style Cape Cod2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Microwave, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, Other, 2+, Gas, LR
  • Total Bedrooms: 12
  • Bedrooms Basement: Yes
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Slate
  • View: Beach, Ocean
  • Construction Type: Wood Shingles
  • Acres: 0.55
  • Topography: Level
  • Exclusions: Chandelier
  • Exterior Features: Deck, Patio Open, Patio Covered, Lawn, Fenced: PRT
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Carp Wtr
  • Heating:Forced Air: Yes

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 #: 005-400-026
  • Zoning: R-1
  • Lot Size Sq Ft: 23958.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Sep 10, 2020
Sold by
Ok Wave Llc
Bought by
Bilcar Limited Partnership
Seller's Agent
Barbara Koutnik
Sotheby's International Realty
Buyer's Agent
Susan Pate
Village Properties
List Price
$23,750,000
Sold Price
$23,750,000
Current Estimated Value
$24,701,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$951,487
Avg. Annual Appreciation
0.49%

Purchase Details

Listed on
Feb 3, 2015
Closed on
Feb 25, 2015
Sold by
Selvaggi Frank
Bought by
Ok Wave Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Barbara Koutnik
Coldwell Banker Realty
List Price
$22,500,000
Sold Price
$19,000,000
Premium/Discount to List
-$3,500,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%

Purchase Details

Closed on
Feb 13, 2004
Sold by
Cohen Bradford S
Bought by
Selvaggi Frank

Purchase Details

Closed on
Feb 9, 2004
Sold by
Miller Dennis M and Miller Carolyn Espley
Bought by
Cohen Bradford S

Purchase Details

Closed on
Sep 24, 2003
Sold by
Finefrock Gary and Finefrock Peggy
Bought by
Miller Dennis M and Miller Carolyn Espley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 1999
Sold by
Brandin Erik
Bought by
Brandin Bette R

Purchase Details

Closed on
Jul 28, 1995
Sold by
Rogers James B
Bought by
Rogers James K and Rogers Charles E
Source: Public Records

Range of Values:

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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
Bilcar Limited Partnership $23,750,000 Chicago Title Company
Ok Wave Llc $19,000,000 Chicago Title Company
Selvaggi Frank -- --
Cohen Bradford S -- --
Miller Dennis M -- Lawyers Title Company
Brandin Bette R -- Equity Title Company
Rogers Charles E -- Equity Title Company
Finefrock Gary -- Equity Title Company
Rogers James K -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ok Wave Llc $11,000,000
Previous Owner Selvaggi Frank $4,500,000
Previous Owner Selvaggi Frank $9,000,000
Previous Owner Miller Dennis M $5,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $23,750,000 0.0% $3,917 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $23,750,000 +25.0% $3,917 / Sq Ft
03/03/2015 03/03/15 Sold $19,000,000 -15.6% $3,134 / Sq Ft
02/07/2015 02/07/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $22,500,000 -- $3,711 / 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 $264,757 $25,707,763 $18,942,562 $6,765,201
2023 $264,757 $24,709,500 $18,207,000 $6,502,500
2022 $255,786 $24,225,000 $17,850,000 $6,375,000
2021 $250,417 $23,750,000 $17,500,000 $6,250,000
2020 $219,883 $20,840,329 $15,934,617 $4,905,712
2019 $215,558 $20,431,696 $15,622,174 $4,809,522
2018 $212,160 $20,031,075 $15,315,857 $4,715,218
2017 $208,488 $19,638,310 $15,015,547 $4,622,763
2016 $204,888 $19,253,246 $14,721,125 $4,532,121
2014 $139,772 $13,628,046 $11,308,380 $2,319,666
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3726

Santa Barbara Multiple Listing Service

APN: 005-400-026