NOT LISTED FOR SALE

Estimated Value: $7,758,000 - $9,790,000

4 Beds
6 Baths
6,977 Sq Ft
$1,279/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $7,600,000 $1,089 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $55,888/month

Highlights

  • Tennis Courts
  • Spa
  • 3.01 Acre Lot
  • Vieja Valley Elementary School Rated A
  • Property is near an ocean
  • Mountain View

About This Home

As of March 2022

A long, level, picturesque driveway leads to a striking contemporary estate in Hope Ranch. The stunning design, by Richard Landry, AIA, is set on 3 private acres with magnificent mountain views as a backdrop. It is nothing short of a work of art.
The 6977 sqft house features an abundance of natural light and offers four bedrooms, six baths plus 2 offices. There is also a media/game room within the main level bedroom wing. On the second floor, the primary bedroom suite offers privacy and stunning views. Also on this level are two offices.
The lifestyle is further enhanced by a drought tolerant and low maintenance landscape with extensive lighting, as well as a swimming pool with a waterfall and spa -to- pool spillway or water slide. There is also a tennis court and room for horses or a guest house. Ample parking is provided by a 4 car garage as well as large uncovered parking areas. Hope Ranch is a very prestigious and desirable residential neighborhood featuring private beach access and miles of equestrian trails.

Last Agent to Sell the Property

Kathleen Marvin

Coldwell Banker Realty Listed on: 02/22/2022

Last Buyer's Agent

Bartron Real Est Group

Berkshire Hathaway HomeServices California Properties License #01005021 / 01950975 / 00966870 / 01976075

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $84,638

Year Built

  • Built in 1993

Lot Details

  • 3.01 Acre Lot
  • Gated Home
  • Level Lot
  • Property is in average condition
  • Property is zoned E-1

HOA Fees

  • $228 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Stucco

Interior Spaces

  • 6,977 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Game Room
  • Slate Flooring
  • Mountain Views
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

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

Location

  • Property is near schools

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 061-291-024

Community Details

Overview

  • Association fees include comm area maint, security
  • $600 HOA Transfer Fee
  • Hope Ranch Community
  • 25 Hope Ranch Subdivision

Recreation

  • Tennis Courts

Security

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$84,638

Year Built

Built in 1993

Lot Details

0

HOA Fees

$228 per month

Listing Details

  • Association Fee: 2733.40 annually
  • Association Transfer Fee: 600
  • Directions: From Las Palmas Drive, turn west on Via Presada, then left on Via Tranquila and right on Via Alegre. House on right
  • Prop. Type: Residential
  • Year Built: 1993
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Reso Association Amenities: Other, Tennis Court(s), Security
  • Reso Association Fee Includes: Comm Area Maint, Security
  • Subdivision Name: 25 - Hope Ranch
  • Architectural Style: Contemporary
  • Reso Flooring: Slate
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1993
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.01
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 6977.0
  • Construction Two Story2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Style:Contemporary2: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Location Info Development Name: Hope Ranch
  • GroundsLandscaping Tennis Court(s)3: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Condition Fair2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms:Den: Yes
  • Fireplace(s) Patio3: Yes
  • AssocPark Amenities Security: Yes
  • AssocPark Amenities Tennis Court(s)2: Yes
  • AssocPark Fee Incl Security2: Yes
  • FlrWdw Coverings Slate3: Yes
  • Cooling Ceiling Fan(s): Yes
  • Rooms Game Room3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, Other, 2+, LR, Patio

Exterior Features

  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 3.01
  • Topography: Level
  • Exterior Features: Tennis Court(s), Pool, Patio Open, Patio Covered, SPA-Outside
  • Foundation Details: Raised

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan(s), 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 #: 061-291-024
  • Zoning: E-1
  • Lot Size Sq Ft: 131115.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2021
Closed on
Feb 23, 2021
Sold by
Gallimore Paulette
Bought by
Thoman David S and Thoman Amy
Seller's Agent
Keith Berry
Coldwell Banker Realty
Buyer's Agent
Kathy Marvin
Coldwell Banker Realty
List Price
$4,500,000
Sold Price
$4,750,000
Premium/Discount to List
$250,000
5.56%
Current Estimated Value
$8,920,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,170,842
Avg. Annual Appreciation
15.14%
Original Mortgage
$300,000
Outstanding Balance
$269,539
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$8,651,303

Purchase Details

Closed on
Aug 11, 2006
Sold by
Westerman G Richard and Westerman Jane K
Bought by
Gallimore Paulette

Purchase Details

Closed on
May 16, 2003
Sold by
Westerman G Richard and Westerman Jane K
Bought by
Westerman G Richard and Westerman Jane K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
May 9, 1995
Sold by
Westerman G Richard
Bought by
Westerman G Richard and Westerman Jane K
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
Thoman David S $4,750,000 Fidelity National Title Co
Gallimore Paulette -- Land America Lawyers Title
Westerman G Richard -- Equity Title Company
Westerman G Richard -- Equity Title Company
Westerman G Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thoman David S $300,000
Previous Owner Westerman G Richard $463,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $7,600,000 0.0% $1,089 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $7,600,000 +60.0% $1,089 / Sq Ft
03/09/2021 03/09/21 Sold $4,750,000 +5.6% $681 / Sq Ft
02/04/2021 02/04/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $4,500,000 -- $645 / 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 $84,638 $8,065,180 $3,714,228 $4,350,952
2023 $84,638 $7,600,000 $3,500,000 $4,100,000
2022 $52,111 $4,845,000 $2,550,000 $2,295,000
2021 $100,578 $9,530,746 $4,332,158 $5,198,588
2020 $99,509 $9,433,021 $4,287,738 $5,145,283
2019 $96,546 $9,248,061 $4,203,665 $5,044,396
2018 $94,652 $9,066,728 $4,121,241 $4,945,487
2017 $92,997 $8,888,950 $4,040,433 $4,848,517
2016 $90,504 $8,714,658 $3,961,209 $4,753,449
2015 $89,549 $8,583,756 $3,901,708 $4,682,048
2014 -- $8,415,613 $3,825,279 $4,590,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-512

Santa Barbara Multiple Listing Service

APN: 061-291-024