NOT LISTED FOR SALE

Estimated Value: $7,762,000 - $9,278,854

5 Beds
6 Baths
7,000 Sq Ft
$1,222/Sq Ft Est. Value

Last Sold April 12, 2018

Last sale price $5,000,000 $714 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $49,508/month

245 Days on Market

Highlights

  • Guest House
  • Spa
  • Panoramic View
  • Vieja Valley Elementary School Rated A
  • Property is near an ocean
  • Updated Kitchen

About This Home

As of April 2018

*WATCH THE VIDEO* Copy and Paste this link: www.vimeo.com/259032321.
Nestled in the prestigious and enviable community of Hope Ranch, rests this Contemporary estate spanning 3.9 acres with panoramic mountain and city views.

The main residence, a 4 bedroom, 3.5 bathroom home with media room, underwent an extensive interior and exterior rebuild in 2005-2006. During this time, the grounds and landscaping were completely reimagined and a guest house was later constructed in 2008. The guest house is nearly 1600 square feet and boasts a large open family room, beautiful finishes and setting views of the surrounding gardens.

This property is uniquely private with gated entry and soaring privacy hedges. The front courtyard welcomes you with an impressive Koi pond that creates a tranquil and soothing ambiance. The dramatic entry hall runs the entire length of the house and connects all living areas. The walnut wall panels and doors were restored and the pegged oak floors were sanded and stained a high gloss ebony. Upon entering the formal living room, you'll notice floor-to-ceiling windows that frame breathtaking views set over a reflecting infinity pond.

There are exquisite built in custom carved walnut Shoji screens that separate the living and dining rooms which also hosts custom walnut baseboards, wall panels, and crown moldings. The Gary White designed chefs kitchen is adorned with custom finishes, black granite, four Thermador stainless steel ovens, two warming drawers, and much more.

The backyard features an oversized spa and a 40-foot long infinity pond that enhances the view of the hills, mountains, and city lights. Each and every room enjoys the magical setting and access to the tranquil surrounding gardens. Included with this property are the many amenities of Hope Ranch with private beach access, 25 miles of riding trails, and Vieja Valley attendance area.

Last Agent to Sell the Property

Grubb Campbell Group

Village Properties License #01236143 / 01410304 Listed on: 07/13/2017

Last Buyer's Agent

Gary Goldberg

Coastal Properties License #01172139

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 3.9 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Hilly Lot
  • Lawn
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • Attached Garage

Property Views

  • Panoramic
  • City
  • Mountain

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Brick Exterior Construction
  • Raised Foundation
  • Slate Roof
  • Stucco

Interior Spaces

  • 7,000 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Skylights
  • Multiple Fireplaces
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Home Security System
  • Laundry Room
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Built-In Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom

Outdoor Features

  • Spa
  • Property is near an ocean
  • Patio

Schools

  • Vieja Valley Elementary School
  • Lacolina Middle School
  • San Marcos High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Septic System

Additional Features

  • Guest House
  • Property is near park, schools, and shops

Listing and Financial Details

  • Assessor Parcel Number 063-141-012

Community Details

Recreation

  • Tennis Courts
  • Community Playground

Additional Features

  • Property has a Home Owners Association
  • Security Guard

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Association Fee: CLA
  • Association Transfer Fee: CLA
  • Prop. Type: Residential
  • Year Built: 1958
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Patrol, Security System
  • Reso Association Amenities: Other, Tennis Court(s), Play Area
  • Reso Association Fee Includes: Other
  • Architectural Style: Contemporary, Medit
  • Reso Flooring: Carpet, Hardwood, Marble
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1958
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.9
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Hilly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Marble2: Yes
  • Exterior BrickStone: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest House2: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s) Family Room3: Yes
  • Style:Contemporary2: Yes
  • Fireplace(s):_two_3: Yes
  • WaterSewer Septic In: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • AssocPark Amenities Play Area: Yes
  • Appliances Included OvenBltin: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • Rooms LbryStudy: Yes
  • View City4: Yes
  • AssocPark Amenities Tennis Court(s)2: Yes
  • Roof Slate2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Security Patrol2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Oven/Rnge/Blt-In, Oven/Bltin, Dishwasher
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, 2, LR
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Slate
  • View: Mountain(s), City, Setting, Panoramic
  • Construction Type: Brick/Stone, Stucco
  • Acres: 3.9
  • Topography: Hilly, Level
  • Exterior Features: Patio Open, SPA-Outside, Lawn, Yard Irrigation T/O, Drought Tolerant LND
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Cooling: Other
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: La Cumb Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Vieja Valley
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 063-141-012
  • Zoning: R-1
  • Lot Size Sq Ft: 169884.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2017
Closed on
Mar 28, 2018
Sold by
Banks Wayne W J and Banks Grace Skandalis
Bought by
Davis Davis H and Davis Annette L
Seller's Agent
Grubb Campbell Group
Village Properties
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$6,200,000
Sold Price
$5,000,000
Premium/Discount to List
-$1,200,000
-19.35%
Current Estimated Value
$8,551,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,551,964
Avg. Annual Appreciation
7.11%
Original Mortgage
$290,000
Outstanding Balance
$249,337
Interest Rate
4.43%
Mortgage Type
Commercial
Estimated Equity
$8,302,627

Purchase Details

Closed on
Jul 26, 2013
Sold by
Banks Wayne W J and Banks Grace Skandalis
Bought by
Banks Wayne W J and Skandalis Banks Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,291,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2006
Sold by
Banks Wayne W J and Banks Grace Skandalis
Bought by
Banks Wayne W J and Banks Grace Skandalis

Purchase Details

Closed on
Apr 26, 2006
Sold by
Banks Wayne W J and Banks Grace Skandalis
Bought by
Banks Wayne J and Skandalis Banks Grace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 22, 2003
Sold by
Moel Steven A
Bought by
Banks Wayne W J and Banks Grace Skandalis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,901,250
Interest Rate
4.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 26, 1994
Sold by
Moel Susan Gayle
Bought by
Moel Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.87%

Purchase Details

Closed on
Mar 31, 1994
Sold by
Hendricks Robert Shaw
Bought by
Moel Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.87%
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
Davis Davis H $5,000,000 First American Title Co
Banks Wayne W J -- First American Title Company
Banks Wayne W J -- None Available
Banks Wayne J -- Financial Title Company
Banks Wayne W J -- Fidelity National Title Co
Moel Steven A -- Chicago Title Company
Moel Steven A $1,100,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Davis H $290,000
Previous Owner Banks Wayne W J $1,291,500
Previous Owner Banks Wayne J $1,240,000
Previous Owner Banks Wayne W J $1,901,250
Previous Owner Moel Steven A $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $5,000,000 -19.4% $714 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
07/13/2017 07/13/17 For Sale $6,200,000 -- $886 / 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 $61,202 $5,834,528 $2,844,571 $2,989,957
2023 $61,202 $5,607,968 $2,734,114 $2,873,854
2022 $58,382 $5,436,008 $2,680,504 $2,755,504
2021 $55,500 $5,255,892 $2,627,946 $2,627,946
2020 $54,910 $5,202,000 $2,601,000 $2,601,000
2019 $53,275 $5,100,000 $2,550,000 $2,550,000
2018 $41,936 $4,013,317 $2,499,136 $1,514,181
2017 $41,158 $3,934,626 $2,450,134 $1,484,492
2016 $40,079 $3,857,478 $2,402,093 $1,455,385
2015 $39,656 $3,799,536 $2,366,012 $1,433,524
2014 -- $3,725,110 $2,319,666 $1,405,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2361

Santa Barbara Multiple Listing Service

APN: 063-141-012