NOT LISTED FOR SALE

361 Hot Springs Rd Santa Barbara, CA 93108

Estimated Value: $1,981,000 - $3,154,000

0.89 Acre
$2,714,285 Price per Acre
38,768 Sq Ft Lot

Last Sold January 17, 2023

Last sale price $1,750,000 $939 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $14,606/month

135 Days on Market

Highlights

  • Property is near an ocean
  • Mountain View
  • Level Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near a park

About This Lot

As of January 2023

Welcome to a builder's golden opportunity. Located in the center of all things Montecito, the parcel is approximately .89 acres, waiting to become your piece of paradise. The mountain views and mature trees will adorn your dream home. Enjoy Butterfly beach, upper and lower village, and amazing Montecito hiking trails all minutes away. Located in Montecito Union School district the property has utilities on site. Come build what your imagination desires.

Last Agent to Sell the Property

Maureen McDermut

Sotheby's International Realty License #01175027 Listed on: 08/03/2022

Last Buyer's Agent

Maureen McDermut

Sotheby's International Realty License #01175027 Listed on: 08/03/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,553

Lot Details

  • 0.89 Acre Lot
  • Level Lot

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Mountain Views
  • Property is near an ocean

Listing and Financial Details

  • Assessor Parcel Number 009-070-003

Property Details

Property Type

Land

Est. Annual Taxes

$18,553

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level, Near Public Transit
  • Property Information Apx # Acres: 0.89
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Site Improvements Util At Site: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 38768.0
  • Proximity Near Bus: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s)
  • Acres: 0.89
  • Topography: Level

Utilities

  • Water Source: Mont Wtr

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-070-003
  • Zoning: Other
  • Lot Size Sq Ft: 38768.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Dec 19, 2022
Sold by
Chackel Family Trust
Bought by
Excelsior Development Llc
Seller's Agent
Maureen McDermut
Sotheby's International Realty
Buyer's Agent
Maureen McDermut
Sotheby's International Realty
List Price
$2,575,000
Sold Price
$1,750,000
Premium/Discount to List
-$825,000
-32.04%
Views
15
Current Estimated Value
$2,415,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$665,714
Avg. Annual Appreciation
12.94%

Purchase Details

Closed on
Jan 6, 2011
Sold by
Chackel C Reno and Chackel Joan P
Bought by
Colavincenzo Norman J and The Chackel Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2005
Sold by
Chackel C Reno and Chackel Joan P
Bought by
Colavincenzo Norman J and Chackel Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 3, 2005
Sold by
Colavincenzo Norman J
Bought by
Chackel C Reno and Chackel Joan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2004
Sold by
Chackel C Reno and Chackel Joan P
Bought by
Colavincenzo Norman J and Chackel Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2004
Sold by
Colavincenzo Norman J
Bought by
Chackel C Reno and Chackel Joan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2003
Sold by
Chackel C Reno and Chackel Joan P
Bought by
Colavincenzo Norman J and Chackel Family Trust

Purchase Details

Closed on
Jun 8, 1994
Sold by
Gawzner James P
Bought by
Chackel C Reno and Chackel Joan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
3.95%
Source: Public Records

Range of Values:

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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
Excelsior Development Llc $1,750,000 First American Title
Colavincenzo Norman J -- Accommodation
Chackel C Reno -- First American Title Company
Colavincenzo Norman J -- First American Title Company
Chackel C Reno -- First American Title Company
Colavincenzo Norman J -- First American Title
Chackel C Reno -- First American Title Company
Colavincenzo Norman J -- First American Title
Chackel C Reno $505,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chackel C Reno $720,000
Previous Owner Chackel C Reno $800,000
Previous Owner Chackel C Reno $800,000
Previous Owner Chackel C Reno $780,000
Previous Owner Chackel E Reno $773,700
Previous Owner Chackel C Reno $765,000
Previous Owner Chackel C Reno $200,000
Previous Owner Chackel C Reno $404,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2023 01/17/23 Sold $1,750,000 -32.0% $939 / Sq Ft
12/16/2022 12/16/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $2,575,000 -- $1,381 / 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 $18,553 $1,910,700 $1,870,700 $40,000
2023 $18,553 $48,274 $48,274 $0
2022 $632 $47,328 $47,328 $0
2021 $452 $29,800 $29,800 $0
2020 $447 $29,495 $29,495 $0
2019 $268 $28,917 $28,917 $0
2018 $41 $6,532 $6,532 $0
2017 $4,895 $339,980 $43,279 $296,701
2016 $4,734 $333,315 $42,431 $290,884
2014 $4,433 $321,879 $40,976 $280,903
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maureen McDermut

    Sotheby's International Realty

    (805) 570-5545

    28 in this area

    89 Total Sales

    Maureen McDermut
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2655

Santa Barbara Multiple Listing Service

APN: 009-070-003

California Santa Barbara County Santa Barbara 93108

361 Hot Springs Rd, Santa Barbara, CA

This home is located at 361 Hot Springs Rd, Santa Barbara, CA 93108 since 03 August 2022 and is currently estimated at $2,415,714, approximately $1,295 per square foot. 361 Hot Springs Rd is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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