NOT LISTED FOR SALE

Estimated Value: $3,860,000 - $6,613,000

4 Beds
3.5 Baths
3,049 Sq Ft
$1,774/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $4,187,940 $1,374 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $32,542/month

33 Days on Market

Highlights

  • Ocean View
  • Updated Kitchen
  • Contemporary Architecture
  • Cold Spring Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling

About This Home

As of September 2020

Welcome home to this ultra-luxurious, Spanish Contemporary home, featuring breathtaking views of the ocean, islands, city, and mountains. Recently undergoing an extensive renovation, the over 3,000-sq-ft home exudes style and grace, with custom designer finishes throughout including rich, smooth-coat plaster walls, antique oak hardwood floors, all new doors and windows, designer light fixtures, custom cabinetry, custom window coverings, and much more. An open and airy kitchen with honed Calacatta Gold marble counter tops and gourmet appliances opens to living and dining areas, perfect for entertaining guests who are bound to gather around the beautiful limestone hearth. A grand staircase leads to all bedrooms, including the exquisite master bedroom, which features a fireplace, custom cabinetry, and French doors that lead to a private ocean view terrace. An en-suite bathroom offers dual vanities, marble floors, walls, shower, and counters, a free standing soaking tub, and even a coffee bar with hidden refrigerator! Two more bedrooms and two more designer bathrooms, as well as a den/t.v room/4th bedroom with terrace, are also located on the second level. The .90-acre parcel has been extensively landscaped with low water plantings, marble hard scape, and a recently widened driveway. This newly imagined home offers impeccable attention to detail, and is well located in Montecito's Cold Spring School District.

Last Agent to Sell the Property

Kevin Schmidtchen

Berkshire Hathaway HomeServices California Properties License #01316975 Listed on: 07/03/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Mia Teetsel

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,776

Year Built

  • Built in 1987

Lot Details

  • 0.9 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Drought Tolerant Landscaping
  • Property is in excellent condition
  • Property is zoned E-1

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Raised Foundation
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,049 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Family Room
  • Living Room with Fireplace
  • Den
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Built-In Oven
  • Built-In Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Direct Access Garage
  • Uncovered Parking

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Patio
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 013-210-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,776

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1987
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Security System, Smoke Detector(s)
  • Architectural Style: Contemporary, Medit
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1987
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.9
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 3049.0
  • Construction Two Story2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • Fireplace(s):_two_3: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Site Improvements Cable TV3: Yes
  • Amenities High R-Value Insul: Yes
  • Appliances Included OvenBltin: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • Rooms:Den: Yes
  • ParkingGarage Unc #33: Yes
  • WaterSewer Meter In: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Tankless Water Heater, Oven/Rnge/Blt-In, Oven/Bltin, Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, 2, LR
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Setting, Panoramic
  • Construction Type: Stucco
  • Acres: 0.9
  • Topography: Level
  • Exterior Features: Patio Open, Yard Irrigation PRT, Fenced: BCK, Fenced: PRT, Drought Tolerant LND
  • Foundation Details: Slab, Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Unc #3, Interior Access, Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Meter In, SB Wtr
  • Heating:Forced Air: Yes

Association/Amenities

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

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 013-210-002
  • Zoning: E-1
  • Lot Size Sq Ft: 39204.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Aug 11, 2020
Sold by
Byrd Michael and Byrd Myra
Bought by
Burns Peter J and The Peter J Burns Revocable Tr
Seller's Agent
Kevin Schmidtchen
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mia Teetsel
Sotheby's International Realty
List Price
$4,275,000
Sold Price
$4,187,940
Premium/Discount to List
-$87,060
-2.04%
Current Estimated Value
$5,408,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,220,329
Avg. Annual Appreciation
5.81%

Purchase Details

Listed on
Aug 13, 2016
Closed on
Oct 4, 2016
Sold by
Smith Leon T and Smith Margo G
Bought by
Byrd Michael and Byrd Myra
Seller's Agent
Kalia Rork
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kevin Schmidtchen
Berkshire Hathaway HomeServices California Properties
List Price
$2,395,000
Sold Price
$2,383,000
Premium/Discount to List
-$12,000
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.68%
Original Mortgage
$2,144,700
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 15, 2015
Closed on
Sep 21, 2015
Sold by
Merkowitz David R and Pearson Carol S
Bought by
The Smith Family Revocable Living Trust and Smith Margo G
Seller's Agent
Angela Moloney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kalia Rork
Berkshire Hathaway HomeServices California Properties
List Price
$2,250,000
Sold Price
$2,160,000
Premium/Discount to List
-$90,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$625,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2011
Closed on
Dec 27, 2011
Sold by
Levy Ira H and Levy Lesley A
Bought by
Merkowitz David R and Pearson Carol S
Seller's Agent
Angela Moloney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$1,440,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2011
Sold by
Levy Ira H and Levy Lesley A
Bought by
Levy Ira H and Levy Lesley A

Purchase Details

Closed on
Oct 12, 2007
Sold by
Lever Paul and Lever Janet
Bought by
Levy Ira H and Levy Lesley A

Purchase Details

Closed on
Aug 15, 2005
Sold by
Cohen David B
Bought by
Lever Paul and Lever Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
1.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2003
Sold by
Cohen David B and Bennett Linda S
Bought by
Cohen David B and Bennett Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 8, 2002
Sold by
Cohen David B and Bennett Linda S
Bought by
Cohen David B and Bennett Linda S

Purchase Details

Closed on
Jun 12, 1997
Sold by
Bennett Linda S and Cohen David B
Bought by
Bennett Linda S and Cohen David B

Purchase Details

Closed on
Apr 8, 1997
Sold by
Morton E E
Bought by
Cohen David B and Bennett Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,900
Interest Rate
8.15%
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
Burns Peter J $4,188,000 Chicago Title Company
Byrd Michael $2,383,000 Chicago Title Company
The Smith Family Revocable Living Trust $2,160,000 Fidelity National Title Co
Merkowitz David R $1,800,000 Fidelity National Title Co
Levy Ira H -- None Available
Levy Ira H -- Equity Title Company Santa B
Lever Paul -- Equity Title Company Santa B
Cohen David B -- --
Cohen David B -- Stewart Title
Cohen David B -- --
Cohen David B -- --
Cohen David B -- --
Bennett Linda S -- --
Cohen David B -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Byrd Michael $2,144,700
Previous Owner Smith Leon T $500,000
Previous Owner The Smith Family Revocable Living Trust $625,500
Previous Owner Merkowitz David R $1,440,000
Previous Owner Merkowitz David R $1,440,000
Previous Owner Lever Paul $1,500,000
Previous Owner Lever Paul $1,522,000
Previous Owner Lever Paul $1,500,000
Previous Owner Cohen David B $975,000
Previous Owner Cohen David B $250,000
Previous Owner Cohen David B $100,000
Previous Owner Cohen David B $810,000
Previous Owner Cohen David B $805,000
Previous Owner Cohen David B $730,000
Previous Owner Cohen David B $100,000
Previous Owner Cohen David B $649,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2020 09/01/20 Sold $4,187,940 -2.0% $1,374 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $4,275,000 +79.4% $1,402 / Sq Ft
10/18/2016 10/18/16 Sold $2,383,000 -0.5% $782 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/13/2016 08/13/16 For Sale $2,395,000 +10.9% $786 / Sq Ft
10/15/2015 10/15/15 Sold $2,160,000 -4.0% $720 / Sq Ft
09/18/2015 09/18/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $2,250,000 +25.0% $750 / Sq Ft
01/13/2012 01/13/12 Sold $1,800,000 0.0% $590 / Sq Ft
01/13/2012 01/13/12 Sold $1,800,000 -9.8% $590 / Sq Ft
11/06/2011 11/06/11 Pending -- -- --
11/06/2011 11/06/11 Pending -- -- --
07/07/2011 07/07/11 For Sale $1,995,000 0.0% $654 / Sq Ft
07/05/2011 07/05/11 For Sale $1,995,000 -- $654 / 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 $47,776 $4,671,115 $1,894,256 $2,776,859
2023 $47,776 $4,489,731 $1,820,700 $2,669,031
2022 $46,055 $4,401,698 $1,785,000 $2,616,698
2021 $43,741 $4,187,940 $1,750,000 $2,437,940
2020 $26,387 $2,543,137 $1,273,449 $1,269,688
2019 $26,053 $2,493,273 $1,248,480 $1,244,793
2018 $25,430 $2,433,660 $1,224,000 $1,209,660
2017 $24,969 $2,383,000 $1,200,000 $1,183,000
2016 $22,371 $2,160,000 $1,160,000 $1,000,000
2015 $19,561 $1,881,182 $940,591 $940,591
2014 $19,244 $1,844,334 $922,167 $922,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2494

Santa Barbara Multiple Listing Service

APN: 013-210-002