NOT LISTED FOR SALE

Estimated Value: $6,464,000 - $9,906,298

4 Beds
4.5 Baths
4,222 Sq Ft
$1,933/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $6,650,000 $1,575 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $48,686/month

25 Days on Market

Highlights

  • Ocean View
  • Fruit Trees
  • Fireplace in Primary Bedroom
  • Vieja Valley Elementary School Rated A
  • Maid or Guest Quarters
  • Ranch Style House

About This Home

As of October 2020

Perched atop a gated, hedge-lined knoll in Santa Barbara's coveted Hope Ranch community, this magical Mediterranean-style estate showcases panoramic views of the Pacific Ocean and Channel Islands to the south and the Santa Ynez Mountains to the north. Commanding approximately 4.2 acres, this 3 bed, 3.5 bath main residence and attached 1 bed, 1 bath guest studio create the perfect venue for an indoor-outdoor lifestyle with a seamless transition to the gorgeous grounds, where an expansive emerald lawn, vibrant rose garden, and spacious front and back patios invite endless nights of al fresco dining, entertaining and relaxation. The interior features an open floor plan with a myriad of large windows, skylights and French doors thoughtfully situated to capitalize on the stunning views and natural light.

The romantic great room features open beam ceilings, sleek oak floors, handsome carved-stone fireplace and opens to the formal dining area. Nearby, the gourmet kitchen, replete with abundant counter-space and cabinetry, Subzero/Viking appliances and built-in wine cooler, opens to the charming informal dining area, offering a convenient space for hosting friends and family. The lavish primary suite opens to a private patio and hosts an intimate sitting nook, cozy fireplace flanked by dual French doors leading to the gardens with mountain views, and a sumptuous en-suite bath with dual vanities and walk-in closets. There are two additional guest bedrooms, each with en-suite baths and private doors to the grounds, and a spacious motor court and attached 2-car garage, offering guests utmost convenience and privacy. Located convenient to all Santa Barbara and Hope Ranch have to offer, including private tennis courts, gated Hope Ranch beach, horse trails, Laguna Blanca School, La Cumbre Country Club and more.

Last Agent to Sell the Property

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 08/05/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247 Listed on: 08/05/2020

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • Gated Home
  • Fruit Trees
  • Lawn

Parking

  • Attached Garage

Property Views

  • Ocean
  • Panoramic
  • City
  • Mountain

Home Design

  • Ranch Style House
  • Spanish Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,222 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Breakfast Area or Nook
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 063-131-005

Community Details

Overview

  • Property has a Home Owners Association
  • 25 Hope Ranch Subdivision

Recreation

  • Tennis Courts

Security

  • Security Guard

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1950
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Patrol, Other
  • Reso Association Amenities: Other, Tennis Court(s), Security
  • Subdivision Name: 25 - Hope Ranch
  • Architectural Style: Ranch, Spanish
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • Property Information Year Built2: 1950
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Construction Single Story2: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Skylight2: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Septic In: Yes
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • FlrWdw Coverings Wood2: Yes
  • Style Spanish2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • View Other27: Yes
  • AssocPark Amenities Security: Yes
  • View City4: Yes
  • AssocPark Amenities Tennis Court(s)2: Yes
  • Security Patrol2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, LR

Exterior Features

  • Roof: Tile
  • View: Other, Mountain(s), Ocean, City, Panoramic
  • Construction Type: Stucco
  • Exterior Features: Other, Patio Open, Patio Covered, Lawn, Fruit Trees
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Attached

Utilities

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

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 #: 063-131-005
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 9, 2020
Sold by
Gerngross John E and Gerngross Cheryl Doty
Bought by
Vandyke John W and Vandyke Van Dyke
Seller's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$6,850,000
Sold Price
$6,650,000
Premium/Discount to List
-$200,000
-2.92%
Current Estimated Value
$8,163,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,513,075
Avg. Annual Appreciation
3.94%
Original Mortgage
$3,000,000
Outstanding Balance
$2,641,527
Interest Rate
2.85%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,521,549

Purchase Details

Closed on
Jun 9, 2020
Sold by
Gerngross John E and John E Gerngross Jr Revocable
Bought by
Gerngross John E and Gerngross Chery Doty

Purchase Details

Closed on
Mar 31, 2009
Sold by
Gerngross John E
Bought by
Gerngross John E

Purchase Details

Closed on
Jul 25, 2007
Sold by
Gerngross Susan
Bought by
Gerngross John E

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
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 26, 2001
Sold by
Wathen Thomas W
Bought by
Willey Frank P

Purchase Details

Closed on
Apr 29, 1998
Sold by
Wathen Thomas W
Bought by
Wathen Thomas W and Thomas W Wathen Trust

Purchase Details

Closed on
Jun 12, 1997
Sold by
Schneider Susan
Bought by
Wathen Thomas W

Purchase Details

Closed on
Sep 9, 1993
Sold by
Wathew Thomas W and Wathen Janna Weaver
Bought by
Wathen Thomas W and Wathen Janna Weaver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
6.95%
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
Vandyke John W $6,650,000 Chicago Title Company
Gerngross John E -- Accommodation
Gerngross John E -- None Available
Gerngross John E -- Fidelity National Title Co
Gerngross John E -- Fidelity National Title Co
Willey Frank P -- Fidelity National Title Co
Wathen Thomas W -- --
Wathen Thomas W -- --
Wathen Thomas W -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vandyke John W $3,000,000
Previous Owner Gerngross John E $1,000,000
Previous Owner Wathen Thomas W $945,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2020 10/14/20 Sold $6,650,000 -2.9% $1,575 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $6,850,000 -- $1,622 / 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 $75,565 $7,198,173 $4,329,728 $2,868,445
2023 $75,565 $6,918,660 $4,161,600 $2,757,060
2022 $72,907 $6,783,000 $4,080,000 $2,703,000
2021 $70,278 $6,650,000 $4,000,000 $2,650,000
2020 $58,981 $5,588,000 $3,688,000 $1,900,000
2019 $58,368 $5,588,000 $3,688,000 $1,900,000
2018 $55,591 $5,322,000 $3,512,000 $1,810,000
2017 $53,031 $5,069,000 $3,345,000 $1,724,000
2016 $47,873 $4,608,000 $3,041,000 $1,567,000
2015 $47,151 $4,518,000 $2,982,000 $1,536,000
2014 -- $4,430,000 $2,924,000 $1,506,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3007

Santa Barbara Multiple Listing Service

APN: 063-131-005