NOT LISTED FOR SALE

465 Hot Springs Rd Montecito, CA 93108

Estimated Value: $1,807,000 - $32,089,653

1 Acre
$9,959,663 Price per Acre
43,560 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $1,690,000

Est. 489% increase in value since last sale

Current estimated payment $53,867/month

35 Days on Market

Highlights

  • View of Trees or Woods
  • Santa Barbara Senior High School Rated A-
  • Level Lot

About This Lot

As of January 2024

Idyllic Montecito location, moments between the upper and lower village, this parcel is approximately 1 acre and waiting for you to build your dream home. Currently part of a larger estate site, this flat parcel is being created by a lot line adjustment that is underway. Private and surrounded by some of Montecito's most outstanding estates, this is an opportunity to create a legacy property in the coveted lower part of Montecito. There is an adjoining 1 acre lot also being offered and also both lots are available as one 2 acre parcel.

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 11/09/2022

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 11/09/2022

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Lot Details

  • 1 Acre Lot
  • Level Lot

Property Views

  • Views of Woods

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Take Hot Springs Road. Enter property at Main Gate.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • View Wooded3: Yes
  • View Setting3: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Wooded, Setting
  • Acres: 1.0
  • Topography: Level

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 000-000-000
  • Zoning: R-1
  • Lot Size Sq Ft: 43560.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 9, 2024
Sold by
Hot Springs Acreage Llc
Bought by
Excelsior Holdings Llc
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
List Price
$2,250,000
Sold Price
$1,690,000
Premium/Discount to List
-$560,000
-24.89%
Views
29
Current Estimated Value
$9,959,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,269,663
Avg. Annual Appreciation
138.58%

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 4, 2024
Sold by
465 Hot Springs Road Llc
Bought by
Hot Springs Acreage Llc
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
List Price
$2,250,000
Sold Price
$1,690,000
Premium/Discount to List
-$560,000
-24.89%
Views
29

Purchase Details

Closed on
Jan 11, 2000
Sold by
State Street Bank & Trust Company
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
May 2, 1995
Sold by
Lee Virginia A
Bought by
Karpeles Daid and Karpeles Marsha

Purchase Details

Closed on
Apr 3, 1995
Sold by
Arroyo Benjamin and Arroyo Magdalena
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
Feb 2, 1995
Sold by
Hall Debra Sue
Bought by
Karpeles David and Marpeles Marsha

Purchase Details

Closed on
Nov 16, 1994
Sold by
Den Anita Elena
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
Oct 28, 1994
Sold by
Goldie Sam S
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
Jan 30, 1994
Sold by
Trigueiro Sharon Ann
Bought by
Karpeles David and Karpeles Marsha

Purchase Details

Closed on
Nov 29, 1993
Sold by
Karpeles David
Bought by
Karpeles David and Karpeles Marsha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Excelsior Holdings Llc $1,690,000 Chicago Title Company
Excelsior Holdings Llc $2,400,000 Chicago Title Company
Hot Springs Acreage Llc -- Chicago Title
Hot Springs Acreage Llc -- Chicago Title
Karpeles David $440,000 First American Title
Karpeles Daid $110,000 Equity Title Company
Karpeles David -- Equity Title Company
Karpeles David $125,000 Santa Barbara Title
Karpeles David $98,500 First American Title
Karpeles David $83,000 Equity Title Company
Karpeles David -- First American Title
Karpeles David -- Santa Barbara Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karpeles David $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2024 01/12/24 Sold $1,690,000 -24.9% --
12/14/2022 12/14/22 Pending -- -- --
11/09/2022 11/09/22 For Sale $2,250,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $12,133 $1,723,800 $1,723,800 --
2024 $12,133 $951,966 $920,754 $31,212
2023 $94,017 $8,825,000 $5,000,000 $3,825,000
2022 $16,181 $1,321,261 $217,692 $1,103,569
2021 $15,885 $1,295,355 $213,424 $1,081,931
2020 $15,752 $1,282,074 $211,236 $1,070,838
2019 $14,591 $1,256,937 $207,095 $1,049,842
2018 $14,335 $1,232,292 $203,035 $1,029,257
2017 $14,016 $1,208,130 $199,054 $1,009,076
2016 $13,585 $1,184,442 $195,151 $989,291
2014 $13,032 $1,143,799 $188,455 $955,344
Source: Public Records

Agents Affiliated with this Home

  • Nancy Kogevinas

    Seller's Agent in 2024

    Nancy Kogevinas

    Berkshire Hathaway HomeServices California Properties

    (805) 450-6233

    112 in this area

    217 Total Sales

    Nancy Kogevinas
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-3687

Santa Barbara Multiple Listing Service

APN: 009-040-007

California Santa Barbara County Montecito 93108

465 Hot Springs Rd, Montecito, CA

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2026 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes