NOT LISTED FOR SALE

465 Hot Springs Rd Montecito, CA 93108

Montecito Area

Estimated Value: $1,996,000 - $32,569,158

1 Acre
$12,558,386 Price per Acre
43,560 Sq Ft Lot

Sale Details

Date Sold: January 12, 2024

Last sale price $1,690,000

Est. 643% increase in value since last sale

Current estimated payment $69,918 / mo

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

Sotheby's International Realty License #01209514 Listed on: 11/09/2022

Sotheby's International Realty

Last Buyer's Agent

Nancy Kogevinas

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

1 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2026
Sold by
Bought by
Current Estimated Value
$12,558,386

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 9, 2024
Sold by
Bought by
Seller's Agent
Nancy Kogevinas
Sotheby's International Realty
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

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
122.35%

Purchase Details

Listed on
Nov 9, 2022
Closed on
Jan 4, 2024
Sold by
Bought by
Seller's Agent
Nancy Kogevinas
Sotheby's International Realty
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

Listed on
Nov 9, 2022
Closed on
Dec 20, 2023
Sold by
Bought by
Seller's Agent
Nancy Kogevinas
Sotheby's International Realty
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
Oct 21, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,625,000
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2000
Sold by
Bought by

Purchase Details

Closed on
May 2, 1995
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 1995
Sold by
Bought by

Purchase Details

Closed on
Feb 2, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 1994
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 1994
Sold by
Bought by

Purchase Details

Closed on
Jan 30, 1994
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$8,000,000 Chicago Title Company
$1,690,000 Chicago Title Company
$2,400,000 Chicago Title Company
-- Chicago Title
-- Chicago Title
-- None Listed On Document
$11,500,000 Chicago Title
$440,000 First American Title
$110,000 Equity Title Company
-- Equity Title Company
$125,000 Santa Barbara Title
$98,500 First American Title
$83,000 Equity Title Company
-- First American Title
-- Santa Barbara Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $2,138,450
Previous Owner $2,500,000
Previous Owner $1,361,200
Previous Owner $8,625,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,896 $1,758,276 $1,758,276
2025 $17,896 $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

    Sotheby's International Realty

    (805) 450-6233

    184 Total Sales

    Nancy Kogevinas
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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

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