NOT LISTED FOR SALE

3517 Padaro Ln Carpinteria, CA 93013

Old Town Carpinteria Neighborhood

Estimated Value: $2,138,000 - $15,487,778

4 Beds
3.5 Baths
991 Sq Ft
$9,161/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $14,500,000 $14,632 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $60,607/month

45 Days on Market

Highlights

  • Additional Residence on Property
  • Updated Kitchen
  • Maid or Guest Quarters
  • Ocean Front
  • 0.41 Acre Lot
  • Deck

About This Home

As of October 2022

Panoramic ocean, island and coastline views are enjoyed from this ultimate beach getaway, on the sand of Santa Barbara's most desirable beach.

Remodeled in 2015 down to the studs and beautifully redone, the beachside main home has fabulous ocean views, central air conditioning and an open and bright Great Room with granite kitchen, stainless steel appliances and breakfast bar. Wide plank White Oak floors extend throughout this pretty home, which offers two bedrooms, each with shutters and a wall of glass onto a soundproofed balcony, and one bath. The bi-folding glass wall to the large deck with built-in BBQ invites the best of indoor/outdoor seaside living. The sunrise to sunset view deck, with private stairs to the sand, has extensive built in seating and ample room for a large farm table for the ultimate al fresco dining at the beach.
Below the main house is a playroom/gym with large screen TV, laundry room, changing room with shower (perfect for cleaning off the sand after a dip in the ocean), super convenient beachside half bath and surfboard/paddle board storage.
The detached guest house includes two separate accommodations. On the upper level above the two-car garage, there is a living room, kitchenette with breakfast bar, one bedroom with ceiling fan, one bath and lovely wrap-around deck.
Mountain views, open beam ceilings and travertine floors and enjoyed by the lucky guests here.
On the lower level is a very private one bedroom/one bath guest suite/gym with lovely garden views.
The garage is lined with built in slat walls for excellent storage, has a laundry area for guest house use, and features a Tesla charging station and handsome glass doors that match the adjacent private entry gates.

The tropical landscaping includes numerous Palms, birds of paradise and other flowering plantings as well as abundant off street parking.

With 50' of beach frontage, the very deep 0.41 acre parcel offers intriguing possibilities for expansion.

Last Agent to Sell the Property

Kathleen Hurley Winter Real Estate

Berkshire Hathaway HomeServices California Properties License #01022891 Listed on: 07/19/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 50 x 485
  • Ocean Front
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Beach
  • Island
  • Coastline
  • Panoramic
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 991 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Great Room
  • Living Room with Fireplace
  • Home Gym
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Deck
  • Office or Studio

Schools

  • Cla Elementary And Middle School
  • Cla High School

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Sewer Stub Out

Additional Features

  • Additional Residence on Property
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 005-410-014

Community Details

Overview

  • 2 Units
  • 05 Padaro Subdivision

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Directions: Highway 101 to Padaro Lane exit.
  • Prop. Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: In Garage, Laundry Room
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • ResoSecurityFeatures: Gate:Elec, Smoke Detector(s)
  • Subdivision Name: 05 - Padaro
  • Architectural Style: Contemporary
  • Carport Y N: Yes
  • Reso Flooring: Wood, Stone
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Studio
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1957
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 0.41
  • NeighborhoodSchools Elementary School: CLA
  • NeighborhoodSchools Junior High School: CLA
  • NeighborhoodSchools High School: CLA
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: 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
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 991.0
  • Other Buildings Studio: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Rooms Exercise Room2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Gas8: Yes
  • FlrWdw Coverings Stone2: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • View Coastline: Yes
  • View Islands: Yes
  • View Beach2: Yes
  • Laundry In Garage2: Yes
  • Appliances Included OvenBltin: Yes
  • FlrWdw Coverings Wood2: Yes
  • Property Information Apx Lot Size FxD: 50 x 485
  • LocationTopo Oceanfront2: Yes
  • View City4: Yes
  • Cooling Ceiling Fan(s): Yes
  • ParkingGarage Cpt #22: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Tankless Water Heater, Oven/Bltin, Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, LR
  • Other Rooms:Great Room: Yes
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Composition
  • View: Beach, Mountain(s), Islands, Coastline, Ocean, City, Panoramic
  • Construction Type: Wood Siding
  • Acres: 0.41
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Deck, Lawn, Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Cpt #2, Unc #4

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Carp Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 005-410-014
  • Zoning: Other
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Oct 4, 2022
Sold by
Amalfi Drive Trust
Bought by
Cookie Trust
Seller's Agent
Kathleen Hurley Winter Real Estate
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$16,500,000
Sold Price
$14,500,000
Premium/Discount to List
-$2,000,000
-12.12%
Current Estimated Value
$9,078,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,421,741
Avg. Annual Appreciation
-13.65%
Original Mortgage
$10,150,000
Outstanding Balance
$9,757,012
Interest Rate
5.89%
Mortgage Type
Balloon
Estimated Equity
-$678,753

Purchase Details

Listed on
Mar 27, 2015
Closed on
Apr 14, 2015
Sold by
Halverson Fred
Bought by
Younger Robert
Seller's Agent
Jason Streatfeild
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Gregg Leach
Village Properties
List Price
$7,950,000
Sold Price
$7,900,000
Premium/Discount to List
-$50,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$5,530,000
Interest Rate
2.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2008
Sold by
Ligon Julie A
Bought by
Derian Nancy B and Padaro Holdings Trust

Purchase Details

Closed on
Apr 16, 2004
Sold by
Unterman Thomas and Unterman Janet
Bought by
Ligon Julie A and Julie A Ligon Revocable Living Trust

Purchase Details

Closed on
Jun 19, 2000
Sold by
Webster Patricia G and Webster Patricia G
Bought by
Claremont Mc Kenna College

Purchase Details

Closed on
Jun 15, 2000
Sold by
Claremont Mc Kenna College
Bought by
Unterman Tom
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
Cookie Trust $14,500,000 Chicago Title
Younger Robert $7,900,000 First American Title Company
Derian Nancy B -- Lawyers Title Company
Ligon Julie A -- Lawyers Title Company
Claremont Mc Kenna College -- Chicago Title Co
Unterman Tom -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cookie Trust $10,150,000
Previous Owner Younger Robert $5,530,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2022 10/21/22 Sold $14,500,000 -12.1% $14,632 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $16,500,000 +108.9% $16,650 / Sq Ft
05/27/2015 05/27/15 Sold $7,900,000 -0.6% $3,688 / Sq Ft View Prior Sale
04/09/2015 04/09/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $7,950,000 -- $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 $156,515 $15,085,800 $10,404,000 $4,681,800
2023 $156,515 $14,500,000 $10,000,000 $4,500,000
2022 $95,736 $8,946,987 $6,795,181 $2,151,806
2021 $93,705 $8,771,557 $6,661,943 $2,109,614
2020 $92,735 $8,681,616 $6,593,633 $2,087,983
2019 $90,891 $8,511,390 $6,464,347 $2,047,043
2018 $89,433 $8,344,501 $6,337,596 $2,006,905
2017 $87,863 $8,180,884 $6,213,330 $1,967,554
2016 $86,345 $8,020,475 $6,091,500 $1,928,975
2014 -- $6,472,110 $5,725,209 $746,901
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathleen Hurley Winter Real Estate

    Berkshire Hathaway HomeServices California Properties

    (805) 451-4663

    10 in this area

    32 Total Sales

    Kathleen Hurley Winter Real Estate
    Section Image
  • Robert Riskin

    Buyer's Agent in 2022

    Robert Riskin

    Village Properties

    (805) 698-0199

    11 in this area

    211 Total Sales

    Robert Riskin
    Section Image

  • J

    Seller's Agent in 2015

    Jason Streatfeild

    Berkshire Hathaway HomeServices California Properties

  • Gregg Leach

    Buyer's Agent in 2015

    Gregg Leach

    Village Properties

    (805) 886-9000

    3 in this area

    48 Total Sales

    Gregg Leach
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2448

Santa Barbara Multiple Listing Service

APN: 005-410-014

California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

3517 Padaro Ln, Carpinteria, CA

Not Listed for Sale

Detached

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