NOT LISTED FOR SALE

Estimated Value: $4,741,000

4 Acres
$1,185,250 Price per Acre
174,240 Sq Ft Lot

Sale Details

Date Sold: June 23, 2015

Last sale price $13,397,100

Current estimated payment $30,573 / mo

362 Days on Market

Highlights

  • Ocean View
  • 4 Acre Lot
  • Level Lot
  • Cold Spring Elementary School Rated A+

About This Lot

As of June 2015

Stunning property of approx. 4 flat acres on the original Pepper Hill Estate nestled within Montecito, with 360 degree views of the ocean, islands and the harbor, along with mountain views from Montecito Peak to La Cumbre Peak. Sewer hookup, 2” water meter and current well permit. Studded with beautiful oak trees and other tree specimens, this property is a dream come true.

Last Agent to Sell the Property

Suzanne Perkins

Sotheby's International Realty Listed on: 05/27/2014

Last Buyer's Agent

Barbara Koutnik

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 4 Acre Lot
  • Level Lot

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City
  • Mountain

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 009-021-001

Property Details

Property Type

Land

Lot Details

4 Acres

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level, Rolling Slope
  • Subdivision Name: Other
  • Property Information Apx # Acres: 4.0
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Rolly2: Yes
  • Utility Info Electric2: Yes
  • Utility Info Telephone2: Yes
  • Utility Info Cable2: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • View Harbor2: Yes
  • View City4: Yes
  • WaterSewer Meter In: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, City, Harbor, Panoramic, Setting
  • Acres: 4.0
  • Topography: Rolly, Level

Utilities

  • Water Source: Meter In, Mont Wtr

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-021-001
  • Zoning: Other
  • Lot Size Sq Ft: 174240.0

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
May 27, 2014
Closed on
Jun 18, 2015
Sold by
Bought by
Seller's Agent
Suzanne Perkins
Sotheby's International Realty
Buyer's Agent
Barbara Koutnik
Coldwell Banker Realty
List Price
$11,750,000
Sold Price
$13,397,100
Premium/Discount to List
$1,647,100
14.02%
Current Estimated Value
$4,741,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,656,100
Avg. Annual Appreciation
-8.93%

Purchase Details

Closed on
May 2, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 30, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$13,397,500 Chicago Title Company
-- None Available
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $45,000,000
Previous Owner $500,000
Previous Owner $300,000
Previous Owner $2,200,000
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
06/23/2015 06/23/15 Sold $13,397,100 +14.0% --
05/24/2015 05/24/15 Pending -- -- --
05/27/2014 05/27/14 For Sale $11,750,000 -- --
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 $831,868 $81,369,258 $19,068,119 $62,301,139
2025 $816,729 $79,773,784 $18,694,235 $61,079,549
2023 $816,729 $76,676,072 $17,968,316 $58,707,756
2022 $387,854 $36,947,621 $17,615,997 $19,331,624
2021 $264,903 $25,375,119 $17,319,605 $8,055,514
2020 $223,604 $21,572,594 $17,167,649 $4,404,945
2019 $169,390 $16,223,917 $15,570,049 $653,868
2018 $147,763 $14,150,900 $14,098,088 $52,812
2017 $145,270 $13,873,432 $13,821,655 $51,777
2016 $140,978 $13,601,405 $13,550,643 $50,762
2014 -- $4,832,494 $4,821,781 $10,713
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-1682

Santa Barbara Multiple Listing Service

APN: 009-021-001

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