NOT LISTED FOR SALE

4265 Cresta Ave Santa Barbara, CA 93110

Hope Ranch Neighborhood

Estimated Value: $8,405,000 - $14,688,400

5 Beds
9 Baths
9,411 Sq Ft
$1,139/Sq Ft Est. Value

Last Sold August 28, 2020

Last sale price $8,200,000 $871 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $64,886/month

208 Days on Market

Highlights

  • Ocean View
  • Horses Allowed in Community
  • Spa
  • Vieja Valley Elementary School Rated A
  • Tennis Courts
  • Property is near an ocean

About This Home

As of August 2020

Video tour available 24/7 in photos section. Embrace the elegant yet warm feeling of this Barry Berkus-designed Hope Ranch estate, combining the classical strength of Palladian architecture with contemporary touches. Reflecting the historic beauty and grandeur of Jefferson's Monticello and our country's beloved 1600 Pennsylvania Ave White House, with stately round portico entrance columns and dome-ceiling rooms, with historical authenticity applied to the details in the wainscoting, crown work, casings and cabinetry throughout. The home is fittingly sited on the 2.46-acre lot for almost every room to enjoy panoramic views of the Pacific Ocean. Display cabinets grace the hallways and feature in the two-story mahogany-shelved library for meticulous presentation of the owners' lifetime collections. Outdoor living is enjoyed with a sparkling pool, two spas, a tennis court; guests can experience the serenity of strolling the stone-lined pathways and enjoying rose garden and meticulously kept grounds. Indoor amenities include a spacious ground-floor master suite, guest quarters, game room and spa/yoga room in finished basement floor, along with a wine cellar. Three ensuite bedrooms, also with ocean views, complete the second floor. Two 2-car garages with decorative cupolas flow seamlessly with the home design; an ocean view home office is located conveniently nearby.

Last Agent to Sell the Property

Keith Berry

Coldwell Banker Realty License #00363833 Listed on: 01/06/2020

Last Buyer's Agent

Daniel Encell

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $93,099

Year Built

  • Built in 2003

Lot Details

  • 2.46 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned EX-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Panoramic

Home Design

  • Tri-Level Property
  • Raised Foundation
  • Slate Roof
  • Wood Siding

Interior Spaces

  • 9,411 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Game Room
  • Home Gym
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Electric Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Tennis Courts
  • Covered Patio or Porch

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

Listing and Financial Details

  • Assessor Parcel Number 063-132-001

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include comm area maint
  • Hope Ranch Park Home Community
  • 25 Hope Ranch Subdivision

Recreation

  • Horses Allowed in Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$93,099

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2003
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Smoke Detector(s)
  • Reso Association Amenities: Other
  • Reso Association Fee Includes: Other, Comm Area Maint
  • Subdivision Name: 25 - Hope Ranch
  • Architectural Style: Other
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2003
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.46
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior Wood Siding: 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
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Septic In: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Location Info Development Name: Hope Ranch Park Home
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ViewOcean: Yes
  • Amenities Horses2: Yes
  • Laundry:_two_20V Elect2: Yes
  • Appliances Included Electric Range2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Gar #4: Yes
  • View Other27: Yes
  • Rooms LbryStudy: Yes
  • Roof Slate2: Yes
  • Appliances Included Elect Stove2: Yes
  • Construction Tri-Level2: Yes
  • Rooms Game Room3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher, Disposal, Double Oven, Elect Stove, Wtr Softener/Owned
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Gas, LR
  • Total Bedrooms: 15
  • Bedrooms Basement: Yes
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Slate
  • View: Other, Ocean, Setting, Panoramic
  • Construction Type: Wood Siding
  • Acres: 2.46
  • Topography: Level
  • Exterior Features: Tennis Court(s), Pool, Patio Open, Patio Covered, SPA-Outside, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Raised, Mixed, Caisson/Piling

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #4, Interior Access, 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

Schools

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

Lot Info

  • Parcel #: 063-132-001
  • Zoning: EX-1
  • Lot Size Sq Ft: 107157.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Aug 12, 2020
Sold by
Reardon Susan and Erburu Lisa
Bought by
Kruse Kevin H and Kevin H Kruse Trust
Seller's Agent
Keith Berry
Coldwell Banker Realty
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$10,000,000
Sold Price
$8,200,000
Premium/Discount to List
-$1,800,000
-18%
Current Estimated Value
$10,722,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,522,350
Avg. Annual Appreciation
5.06%

Purchase Details

Closed on
Dec 17, 2014
Sold by
Erburu Lois Stone
Bought by
Erburu Lois Stone

Purchase Details

Closed on
Apr 13, 2000
Sold by
Liv Tr 11-3-89 Everote Warren P Trustee, Ever
Bought by
Erburu Robert F and Erburu Lois Stone
Source: Public Records

Range of Values:

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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
Kruse Kevin H $8,200,000 Chicago Title Company
Erburu Lois Stone -- None Available
Erburu Robert F -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kruse Kevin H $5,000,000
Previous Owner Thomas Kathryn Elizabeth $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2020 08/28/20 Sold $8,200,000 -18.0% $871 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $10,000,000 -- $1,063 / 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 $93,099 $8,880,303 $4,329,728 $4,550,575
2023 $93,099 $8,535,472 $4,161,600 $4,373,872
2022 $89,853 $8,364,000 $4,080,000 $4,284,000
2021 $86,614 $8,200,000 $4,000,000 $4,200,000
2020 $91,716 $8,687,089 $4,429,421 $4,257,668
2019 $88,985 $8,516,755 $4,342,570 $4,174,185
2018 $87,242 $8,349,761 $4,257,422 $4,092,339
2017 $85,712 $8,186,042 $4,173,944 $4,012,098
2016 $83,419 $8,025,532 $4,092,102 $3,933,430
2014 $81,231 $7,750,135 $3,951,681 $3,798,454
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Keith Berry

    Coldwell Banker Realty

  • D

    Buyer's Agent in 2020

    Daniel Encell

    Berkshire Hathaway HomeServices California Properties

  • Dan Encell

    Buyer's Agent in 2020

    Dan Encell

    Berkshire Hathaway HomeServices California Properties

    (805) 677-2013

    9 in this area

    121 Total Sales

    Dan Encell
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-31

Santa Barbara Multiple Listing Service

APN: 063-132-001

California Santa Barbara County Santa Barbara 93110 Hope Ranch

4265 Cresta Ave, Santa Barbara, CA

This home is located at 4265 Cresta Ave, Santa Barbara, CA 93110 since 06 January 2020 and is currently estimated at $10,722,350, approximately $1,139 per square foot. This property was built in 2003. 4265 Cresta Ave is a home located in Santa Barbara County with nearby schools including Vieja Valley Elementary School, La Colina Junior High School, and San Marcos Senior High School.

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