NOT LISTED FOR SALE

Estimated Value: $4,808,000 - $9,222,000

3 Beds
2 Baths
1,746 Sq Ft
$4,082/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $5,300,000 $3,036 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $42,157/month

139 Days on Market

Highlights

  • Ocean Front
  • 0.4 Acre Lot
  • Property is near public transit, schools, shops, and bus stop
  • Spa
  • Deck
  • Cathedral Ceiling

About This Home

As of February 2019

Rare opportunity to dig your toes in the highly sought-after gorgeous beach of Padaro Lane. This three bedroom, two bath coastal cottage with lush grassy lawn and approx. 62' of your own sandy beach frontage just south of Montecito. Enjoy stunning panoramic ocean and mountain views from a spacious deck, perfect for entertaining. Exposed vintage beams, fresh salt water air and a wood burning fireplace create the perfect year round getaway. Savor a sunset soak in the built-in outdoor spa before retreating to your sea view master suite. Nearby restaurants and shops are ideal for midday bike rides or strolls. This is an incredible opportunity for those looking to own a piece of paradise. Let the Pacific waves lull you to sleep in this oceanfront gem!

Last Agent to Sell the Property

Shelton Wilder

Douglas Elliman of California, Inc. Listed on: 08/14/2018

Co-Listed By

Roberta Perissinotto

Douglas Elliman of California, Inc.

Last Buyer's Agent

Charles Langhorne

Compass License #01009410

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 0.4 Acre Lot
  • Ocean Front
  • Level Lot
  • Lawn
  • Property is in good condition
  • Property is zoned CLA

Parking

  • Detached Garage

Property Views

  • Ocean
  • Beach
  • Panoramic
  • Mountain

Home Design

  • Cottage
  • Wood Siding

Interior Spaces

  • 1,746 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Property is near an ocean
  • Deck
  • Covered Patio or Porch

Schools

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

Additional Features

  • Property is near public transit, schools, shops, and bus stop
  • Heating System Mounted To A Wall or Window

Community Details

  • 05 Padaro Subdivision

Listing and Financial Details

  • Assessor Parcel Number 005-410-012

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Directions: 101 exit Padaro
  • Prop. Type: Residential
  • Year Built: 1949
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Level, Waterfront, Oceanfront, Near Public Transit
  • Co List Office Mls Id: tpi
  • Co List Office Phone: 949-270-0440
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Cal Cottage
  • Reso Flooring: Laminate, Wood, Carpet, Hardwood
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1949
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: CLA
  • 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
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 1746.0
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Amenities Wet Bar2: Yes
  • Property Information Apx Lot SqFt: 17424.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • View Beach2: Yes
  • FlrWdw Coverings Laminate2: Yes
  • Laundry In Unit2: Yes
  • FlrWdw Coverings Wood2: Yes
  • Pets Yes: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • LocationTopo Oceanfront2: Yes
  • Appliances Included Elect Stove2: Yes
  • Heating Wall: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Dryer, Elect Stove, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: LR

Exterior Features

  • View: Beach, Mountain(s), Ocean, Setting, Panoramic
  • Construction Type: Wood Siding
  • Acres: 0.4
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Deck, Patio Open, Patio Covered, SPA-Outside, Hot Tub, Lawn
  • Foundation Details: Caisson/Piling

Garage/Parking

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

Utilities

  • Heating: Wall
  • HeatingYN: Yes
  • Water Source: Carp Wtr

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 005-410-012
  • Zoning: CLA
  • Lot Size Sq Ft: 17424.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2018
Closed on
Jan 22, 2019
Sold by
Neumann Genevieve Yvonne and Neumann Yvonne
Bought by
Guston S Properties Llc
Seller's Agent
Shelton Wilder
Douglas Elliman of California, Inc.
Buyer's Agent
Charles Langhorne
Compass
List Price
$7,595,000
Sold Price
$5,300,000
Premium/Discount to List
-$2,295,000
-30.22%
Current Estimated Value
$7,127,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,827,143
Avg. Annual Appreciation
4.33%

Purchase Details

Closed on
Aug 18, 2015
Sold by
Thornburgh Robert L
Bought by
Neumann Yvonne and Annable Annette

Purchase Details

Closed on
Feb 15, 2007
Sold by
Thornburgh Robert L and Thornburgh Genevieve M
Bought by
Thornburgh Robert L and Thornburgh Genevieve M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Guston S Properties Llc $5,300,000 Chicago Title Co
Neumann Yvonne -- None Available
Thornburgh Robert L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2019 02/01/19 Sold $5,300,000 -30.2% $3,036 / Sq Ft
12/31/2018 12/31/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $7,595,000 -- $4,350 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $61,766 $5,934,119 $5,354,490 $579,629
2023 $61,766 $5,703,691 $5,146,569 $557,122
2022 $59,668 $5,591,855 $5,045,656 $546,199
2021 $58,398 $5,482,212 $4,946,722 $535,490
2020 $57,694 $5,416,000 $4,896,000 $520,000
2019 $6,451 $545,373 $383,350 $162,023
2018 $6,334 $534,681 $375,834 $158,847
2017 $6,210 $524,198 $368,465 $155,733
2016 $6,028 $513,921 $361,241 $152,680
2015 $5,966 $506,202 $355,815 $150,387
2014 $5,619 $496,288 $348,846 $147,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-3003

Santa Barbara Multiple Listing Service

APN: 005-410-012