NOT LISTED FOR SALE

Estimated Value: $8,229,000

5 Beds
9 Baths
5,189 Sq Ft
$1,586/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $13,600,000 $2,621 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $61,018/month

321 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Pool House
  • Vieja Valley Elementary School Rated A
  • Tennis Courts
  • Property is near an ocean

About This Home

As of August 2018

Experience staggering ocean and mountain views from this near new stunning estate on 4.8 private acres. Never before on the market! Amenities include main house with 4 bd/6 ba (approx 5200 sq ft), 800 sq ft 1 bd/1ba guest house with an attached 800 sq ft gym + ba, sports court, pool cabana + ba overlooking lush lawns, and views. A 2,000+ sq ft eight-car garage with workshop, wine cellar, and humidor~ the ultimate playground for a collector. A truly spectacular estate.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 07/12/2017

Last Buyer's Agent

Ashley Anderson & Paul Hurst

Berkshire Hathaway HomeServices California Properties License #01903215 / 00826530

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $161,846

Year Built

  • Built in 2013

Lot Details

  • 4.81 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

HOA Fees

  • $1,952 Monthly HOA Fees

Parking

  • 10 Car Direct Access Garage

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Mediterranean Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,189 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Home Gym

Kitchen

  • Breakfast Area or Nook
  • <<doubleOvenToken>>
  • Stove
  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Tennis Courts
  • Fireplace in Patio
  • Patio
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned
  • Septic System

Additional Features

  • Guest House
  • Property is near schools

Listing and Financial Details

  • Exclusions: Potted Plants, Chandelier
  • Assessor Parcel Number 063-131-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$161,846

Year Built

Built in 2013

Lot Details

0

HOA Fees

$1,952 per month

Parking

10

Listing Details

  • Association Fee: $1951.92
  • Directions: Las Palmas, to Lago, right on Estrella Drive, turn onto Cresta Avenue. House is on right.
  • Prop. Type: Residential
  • Year Built: 2013
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Level, Sloped Down
  • ResoSecurityFeatures: Gate:Elec, Security System, Smoke Detector(s)
  • Architectural Style: Medit
  • Reso Flooring: Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2013
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 4.81
  • 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
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 5189.0
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • LocationTopo Downslope2: Yes
  • Laundry Gas Hookup2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • Fireplace(s) Patio3: Yes
  • ParkingGarage Gar #6: Yes
  • GroundsLandscaping Pool House2: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 10.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Double Oven, Dryer, Gas Stove, Microwave, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Dining Room, 2+, LR, Patio
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Panoramic
  • Construction Type: Stucco
  • Acres: 4.81
  • Topography: Downslope, Level
  • Exclusions: Potted Plants, Chandelier
  • Exterior Features: Tennis Court(s), Pool, Pool House, Patio Open, SPA-Outside, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 10.0
  • Parking Features: Gar #2, Gar #6, Interior Access, Attached, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: La Cumb Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: Yes

Schools

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

Lot Info

  • Parcel #: 063-131-007
  • Zoning: Other
  • Lot Size Sq Ft: 209523.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Milton Robert A and Milton Elizabeth A
Bought by
Milton Family Trust
Current Estimated Value
$8,229,000

Purchase Details

Listed on
Jul 12, 2017
Closed on
Aug 21, 2018
Sold by
Koke Rene and Koke Marisa L
Bought by
Milton Robert A and Milton Elizabneth A
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Ashley Anderson & Paul Hurst
Berkshire Hathaway HomeServices California Properties
List Price
$16,500,000
Sold Price
$13,600,000
Premium/Discount to List
-$2,900,000
-17.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.04%

Purchase Details

Closed on
Jul 24, 2012
Sold by
Koke Rene and Koke Marisa L
Bought by
Koke Rene and Koke Marisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2005
Sold by
Koke Rene and Koke Marisa
Bought by
Koke Rene and Koke Marisa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Dahlen Monica and Dahlen Gregory A
Bought by
Koke Rene and Koke Marisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 1, 2000
Sold by
Dahlen Gregory A
Bought by
Dahlen Monica and Dahlen Gregory A
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
Milton Family Trust -- Loeb & Loeb Llp
Milton Robert A $13,600,000 Chicago Title Co
Koke Rene -- Chicago Title Company
Koke Rene -- Chicago Title Company
Koke Rene $5,035,000 Fidelity National Title Co
Dahlen Monica -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koke Rene $1,000,000
Previous Owner Koke Rene $5,000,000
Previous Owner Koke Rene $3,000,000
Previous Owner Koke Rene $3,000,000
Previous Owner Koke Rene $1,000,000
Previous Owner Koke Rene $1,000,000
Previous Owner Dahlen Monica $150,000
Closed Koke Rene $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $13,600,000 -17.6% $2,621 / Sq Ft
05/29/2018 05/29/18 Pending -- -- --
07/12/2017 07/12/17 For Sale $16,500,000 -- $3,180 / 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
2023 $161,846 $14,834,336 $9,649,818 $5,184,518
2022 $156,153 $14,543,467 $9,460,606 $5,082,861
2021 $150,073 $14,215,713 $9,275,104 $4,940,609
2020 $146,393 $13,872,000 $9,180,000 $4,692,000
2019 $142,033 $13,600,000 $9,000,000 $4,600,000
2018 $79,651 $7,627,793 $4,716,512 $2,911,281
2017 $78,246 $7,478,230 $4,624,032 $2,854,198
2016 $76,155 $7,331,599 $4,533,365 $2,798,234
2014 $74,156 $7,080,014 $4,377,802 $2,702,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2349

Santa Barbara Multiple Listing Service

APN: 063-131-007