NOT LISTED FOR SALE

3543 Padaro Ln Carpinteria, CA 93013

Old Town Carpinteria Neighborhood

Estimated Value: $2,099,000 - $11,845,436

2 Beds
2 Baths
646 Sq Ft
$12,442/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $12,000,000 $18,576 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $53,018/month

32 Days on Market

Highlights

  • Additional Residence on Property
  • Maid or Guest Quarters
  • Multiple Fireplaces
  • Ocean Front
  • Deck
  • Wooded Lot

About This Home

As of September 2021

This enchanting Padaro Lane beach cottage is in the heart of one of the most gorgeous beaches on the Santa Barbara coast. Located between Carpinteria and Summerland, just a stone's throw away from the ultra-exclusive Montecito. Enjoy panoramic ocean, island and coastline views from this delightful oasis. Magnificent setting and gracious cottage charm. This one-bedroom, one-bath oceanfront cottage has been lovingly maintained and updated throughout. The mature landscaping and spacious deck make this an ideal home for entertaining, just steps from the sand. This charming property offers an additional one bedroom and one bath guest structure, ideal for hosting extended family or guests. Seller will do a 1031 exchange.

Last Agent to Sell the Property

Gary Goldberg

Coastal Properties License #01172139 Listed on: 06/05/2021

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 8,712 Sq Ft Lot
  • Ocean Front
  • Partially Fenced Property
  • Level Lot
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Beach
  • Panoramic
  • Mountain

Home Design

  • Cottage
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Multiple Fireplaces
  • Family Room
  • Sun or Florida Room
  • Wood Flooring
  • Breakfast Area or Nook
  • Laundry in unit

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Schools

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

Utilities

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

Additional Features

  • Additional Residence on Property
  • Property is near shops

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 005-420-024

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Directions: Off US-101 South take exit 88 ono Santa Claus Lane. Turn Right onto Padaro. 0.2 miles an the destination will be on your left.
  • Prop. Type: Residential
  • Year Built: 1928
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: Oceanfront
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Level, Waterfront, Oceanfront
  • Architectural Style: Cal Cottage
  • Reso Flooring: Wood
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1928
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 0.2
  • 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 ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Amenities Remodeled Bath2: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Amenities Guest Quarters2: Yes
  • Property Information Apx Lot SqFt: 8712.0
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • Fireplace(s):_two_3: Yes
  • GroundsLandscaping Deck3: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • View Beach2: Yes
  • Laundry In Unit2: Yes
  • FlrWdw Coverings Wood2: Yes
  • LocationTopo Oceanfront2: Yes
  • Dining Nook2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Heating Wall: Yes
  • Cooling Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 2
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • View: Beach, Mountain(s), Ocean, Panoramic
  • Construction Type: Wood Siding
  • Acres: 0.2
  • Topography: Level
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Exterior Features: Deck, Patio Open, Lawn, Wooded, Fenced: PRT
  • Foundation Details: Mixed

Utilities

  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Wall
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Carp Wtr

Schools

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

Lot Info

  • Parcel #: 005-420-024
  • Zoning: R-1
  • Lot Size Sq Ft: 8712.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2021
Sold by
Lowther Zacqueline A and The Phiiiips Lowther Family Tr
Bought by
The Polar Express Llc
Current Estimated Value
$8,037,609

Purchase Details

Closed on
Aug 26, 2014
Sold by
Phillips Geoffrey D and Lowther Jacqueline A
Bought by
Lowther Jacqueline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
4.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 4, 2008
Sold by
Phillips Geoffrey D
Bought by
Phillips Geoffrey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2007
Sold by
Phillips Geoffrey D
Bought by
Phillips Geoffrey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.17%
Mortgage Type
New Conventional
Source: Public Records

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 Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The Polar Express Llc $12,000,000 First American Title Company
Lowther Jacqueline A -- None Available
Phillips Geoffrey D -- Ortc
Phillips Geoffrey D -- Stewart Title Company
Phillips Geoffrey D -- Stewart Title Company
Phillips Geoffrey D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Geoffrey D $1,800,000
Previous Owner Phillips Geoffrey D $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $12,000,000 +0.9% $18,576 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $11,895,000 -- $18,413 / 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 $132,377 $12,734,496 $11,938,590 $795,906
2023 $132,377 $12,240,000 $11,475,000 $765,000
2022 $127,861 $12,000,000 $11,250,000 $750,000
2021 $9,142 $726,687 $597,924 $128,763
2020 $9,010 $719,237 $591,794 $127,443
2019 $8,806 $705,136 $580,191 $124,945
2018 $8,637 $691,311 $568,815 $122,496
2017 $8,460 $677,757 $557,662 $120,095
2016 $8,313 $664,469 $546,728 $117,741
2014 $7,762 $641,670 $527,968 $113,702
Source: Public Records

Agents Affiliated with this Home

  • Gary Goldberg

    Seller's Agent in 2021

    Gary Goldberg

    Coastal Properties

    (805) 455-5267

    17 in this area

    97 Total Sales

    Gary Goldberg
    Section Image

  • C

    Buyer's Agent in 2021

    Calcagno & Hamilton

    Sotheby's International Realty

  • M

    Buyer's Agent in 2021

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    6 in this area

    302 Total Sales

    Michael Calcagno
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2038

Santa Barbara Multiple Listing Service

APN: 005-420-024

California Santa Barbara County Carpinteria 93013 Old Town Carpinteria

3543 Padaro Ln, Carpinteria, CA

Not Listed for Sale

Detached

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