NOT LISTED FOR SALE

Estimated Value: $8,126,000 - $12,962,802

6 Beds
6.5 Baths
7,348 Sq Ft
$1,357/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $10,500,000 $1,429 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $63,403/month

241 Days on Market

Highlights

  • Additional Residence on Property
  • Ocean View
  • Stables
  • Vieja Valley Elementary School Rated A
  • Barn
  • Horses Allowed in Community

About This Home

As of May 2020

THE CRESTA VILLA This world-class Spanish Colonial Revival Hope Ranch estate designed by noted architect Anthony Grumbine of Harrison Design Associates fully embraces the jaw-dropping ocean, island, coastline and sunset views from every room offering the ambiance of old California coupled with stunning contemporary interiors and the modern conveniences and amenities of today. From the whitewashed stucco walls and the intimate patios to the tile roofs and sumptuous gardens, this house is a rare masterpiece! Splendidly appointed with a contemporary floor plan, voluminous ceilings and many art walls, the home is designed for today's living with well-proportioned rooms, spacious walk-in closets, spa-like baths and ocean views in every bedroom suite. Built in 1942, extensively remodeled in 2014 The grounds feature a circular motor court and fountain, porte-cochere, sprawling lawns, a soccer field, 6-stall barn with separate entrance on Llano ave., pasture, olive grove, avocado grove, specimen oak and palm trees, flowing gardens, succulents, fruit trees, mini-home nursery, total privacy and completed fenced for your four legged friends and even more. Hope Ranch Residents enjoy access to Hope Ranch's private beach, private security patrol and 30 miles of equestrian trails. This stunning 2-story approx. 7,348sf newly constructed 5bed/6.5bath home situated on 5.23 panoramic ocean view seaside and artfully landscaped acres atop a gentle promontory at the center of exclusive Hope Ranch's best streets! Additionally, there is a custom Boffi kitchen, art studio, formal dining room, formal living room, library, gymnasium, breakfast room, office, tv room, laundry room, 1bed/1bath approx. 647sf guest house, approx. 606sf attached garage, approx. 588sf detached garage and approx. 573sf of horse stables.

Last Agent to Sell the Property

Jason Streatfeild

Douglas Elliman of California, Inc. License #01834496 Listed on: 02/16/2020

Douglas Elliman of California, Inc.

Last Buyer's Agent

Daniel Johnson

Berkshire Hathaway HomeServices California Properties License #00609860

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • Dog Run
  • Gated Home
  • Level Lot
  • Hilly Lot
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Panoramic
  • City

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 7,348 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Double Pane Windows
  • Family Room
  • Formal Dining Room
  • Home Office
  • Library
  • Art Studio
  • Home Gym
  • Wood Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Parking

  • Garage
  • Driveway

Outdoor Features

  • Property is near an ocean
  • Shed

Schools

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

Additional Features

  • Additional Residence on Property
  • Barn
  • Stables
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 063-181-001

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

5.23 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 1942
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec
  • Reso Association Amenities: Other
  • Architectural Style: Spanish
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Shed(s), Barn(s), Stable(s), Second Residence
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1942
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Hilly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Construction Two Story2: Yes
  • Rooms Art Studio2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • GroundsLandscaping Wooded4: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Dog Run2: Yes
  • Other Buildings Shed: Yes
  • Other Buildings Barn2: Yes
  • Other Buildings Stable2: Yes
  • Other Buildings Second Residence2: Yes
  • ViewOcean: Yes
  • Amenities Horses2: Yes
  • Amenities Second Residence: Yes
  • Site Improvements Cable TV3: Yes
  • GroundsLandscaping Permeable Driveway2: Yes
  • Style Spanish2: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • View City4: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: 2+

Exterior Features

  • Roof: Tile
  • View: Ocean, City, Setting, Panoramic
  • Construction Type: Stucco
  • Topography: Hilly, Level
  • Exterior Features: Dog Run, Lawn, Wooded, Fenced: ALL, Permeable Driveway
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #4

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 063-181-001
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2020
Closed on
Apr 23, 2020
Sold by
Sonnino Mark D and Sonnino Mark A
Bought by
Flynn John S and Flynn Samantha J
Seller's Agent
Jason Streatfeild
Douglas Elliman of California, Inc.
Buyer's Agent
Daniel Johnson
Berkshire Hathaway HomeServices California Properties
List Price
$13,750,000
Sold Price
$10,500,000
Premium/Discount to List
-$3,250,000
-23.64%
Current Estimated Value
$9,974,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$525,733
Avg. Annual Appreciation
-0.87%

Purchase Details

Closed on
May 26, 2011
Sold by
Nash Richard J
Bought by
Sonnino Mark D and Brillo Lyn

Purchase Details

Closed on
Nov 19, 2010
Sold by
Nash Richard and Nash Susanna
Bought by
Nash Richard J

Purchase Details

Closed on
Jul 12, 2001
Sold by
Santa Barbara Bank & Trust
Bought by
Nash Richard and Nash Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
7.75%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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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
Flynn John S $10,500,000 First American Title Company
Sonnino Mark D $7,200,000 Fidelity National Title Co
Nash Richard J -- First American Title
Nash Richard $5,265,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nash Richard $2,700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2020 05/28/20 Sold $10,500,000 -23.6% $1,429 / Sq Ft
04/16/2020 04/16/20 Pending -- -- --
08/19/2019 08/19/19 For Sale $13,750,000 -- $1,871 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $121,265 $11,559,690 $6,627,671 $4,932,019
2023 $121,265 $11,110,814 $6,370,311 $4,740,503
2022 $116,227 $10,820,955 $6,183,403 $4,637,552
2021 $112,036 $10,608,780 $6,062,160 $4,546,620
2020 $91,209 $8,637,286 $4,920,190 $3,717,096
2019 $88,494 $8,467,928 $4,823,716 $3,644,212
2018 $86,760 $8,301,891 $4,729,134 $3,572,757
2017 $85,237 $8,139,109 $4,636,406 $3,502,703
2016 $79,743 $7,670,000 $4,359,000 $3,311,000
2014 $77,288 $7,372,000 $4,190,000 $3,182,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-2907

Santa Barbara Multiple Listing Service

APN: 063-181-001

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