NOT LISTED FOR SALE

Estimated Value: $6,365,000

3 Beds
5 Baths
800 Sq Ft
$7,956/Sq Ft Est. Value

Sale Details

Date Sold: October 9, 2014

Last sale price $12,500,000 $15,625 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $41,484 / mo

203 Days on Market

Highlights

  • Additional Residence on Property
  • 0.6 Acre Lot
  • Multiple Fireplaces
  • Ocean Front
  • Guest Quarters
  • Cathedral Ceiling

About This Home

As of October 2014

First time on the market in over 40 years this gated family retreat sits on one of California's most coveted beach fronts. Main house consists of 2 bdr, 2 bth, Great Room with fireplace, vaulted ceilings and ocean front patio. French doors open onto a central courtyard, where a charming piece of California history awaits. The Old Adobe, has Saltillo tile floors, vaulted ceilings, ocean views, full kitchen, with one bdrm and one bth, plus an added sleeping porch. The second cottage facing the courtyard has a large deck with ocean views. Open rafter ceilings in the living area with kitchen and full bath. The third cottage sits to the rear of the property under the umbrella of shade trees. It has a small living area , full bath and patio area. It also has a separate APN#. Truly a unique property.

Last Agent to Sell the Property

Betsy Ortiz

Seascape Realty License #01246227 Listed on: 01/10/2014

Last Buyer's Agent

Non Member Agent

Non Member Office

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 Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 26,136 Sq Ft Lot
  • Ocean Front
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Property is in average condition

Property Views

  • Ocean
  • Beach
  • Mountain

Home Design

  • Cottage
  • Adobe Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Family Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Built-In Double Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Guest Quarters
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Uncovered Parking

Schools

  • Cla Elementary And Middle School
  • Cla High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer Stub Out

Additional Features

  • Property is near an ocean
  • Additional Residence on Property
  • Property is near shops

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Exclusions: Chandelier
  • Assessor Parcel Number 005-400-004

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0.6 Acres

Listing Details

  • Directions: 101 South Exit Padaro Lane
  • Prop. Type: Residential
  • Year Built: 1949
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: Common Area
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • Architectural Style: Other, Adobe, Cal Cottage
  • Reso Flooring: Laminate, Wood, Carpet, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Second Residence
  • Reso Property Condition: Average
  • Property Information Year Built2: 1949
  • Property Information Total #Units: 4
  • NeighborhoodSchools Elementary School: CLA
  • NeighborhoodSchools Junior High School: CLA
  • NeighborhoodSchools High School: CLA
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Unc #4: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Exterior BrickStone: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Property Information Apx Lot SqFt: 26136.0
  • GroundsLandscaping Fenced PRT: Yes
  • Fireplace(s):_two_3: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ViewOcean: Yes
  • Amenities Second Residence: Yes
  • View Beach2: Yes
  • FlrWdw Coverings Laminate2: Yes
  • Appliances Included Electric Range2: Yes
  • Appliances Included OvenBltin: Yes
  • FlrWdw Coverings Wood2: Yes
  • Foundation Raised: Yes
  • Laundry Common Area2: Yes
  • LocationTopo Oceanfront2: Yes
  • Style Adobe3: Yes
  • Condition Average2: Yes
  • Heating Wall: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Electric Range, Oven/Bltin, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 3
  • Fireplace Features: 2, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Composition
  • View: Beach, Mountain(s), Ocean
  • Construction Type: Wood Siding, Brick/Stone
  • Acres: 0.6
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exclusions: Chandelier
  • Exterior Features: Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Slab, Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3, Unc #4

Utilities

  • Heating: Electric, Wall, Other
  • HeatingYN: Yes
  • Water Source: Carp Wtr
  • Heating:Electric: Yes

Association/Amenities

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

Schools

  • Elementary School: CLA
  • High School: CLA
  • Middle Or Junior School: CLA

Lot Info

  • Parcel #: 005-400-004
  • Zoning: Other
  • Lot Size Sq Ft: 26136.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2014
Closed on
Oct 2, 2014
Sold by
Lucas Lawrence R and Lucas Don D
Bought by
Seller's Agent
Betsy Ortiz
Seascape Realty
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$15,600,000
Sold Price
$12,500,000
Premium/Discount to List
-$3,100,000
-19.87%
Current Estimated Value
$6,365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,135,000
Avg. Annual Appreciation
-5.50%

Purchase Details

Closed on
Oct 18, 1999
Sold by
Sanwa Bank California
Bought by
Lucas Lawrence R and Lucas Don D
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$12,500,000 None Available
Lucas Lawrence R -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/09/2014 10/09/14 Sold $12,500,000 -19.9% $15,625 / Sq Ft
08/01/2014 08/01/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $15,600,000 -- $19,500 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $261,140 $25,353,406 $13,975,114 $11,378,292
2025 $256,017 $24,856,282 $13,701,093 $11,155,189
2023 $256,017 $23,891,084 $13,169,064 $10,722,020
2022 $247,341 $23,422,633 $12,910,848 $10,511,785
2021 $242,149 $22,963,367 $12,657,695 $10,305,672
2020 $239,731 $22,727,906 $12,527,906 $10,200,000
2019 $235,017 $22,282,261 $12,282,261 $10,000,000
2018 $154,179 $14,541,433 $12,041,433 $2,500,000
2017 $126,193 $11,805,327 $11,805,327 $0
2016 $134,810 $12,589,100 $11,573,850 $1,015,250
2014 $30,327 $2,851,539 $2,326,261 $525,278
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-85

Santa Barbara Multiple Listing Service

APN: 005-400-004

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