NOT LISTED FOR SALE

Estimated Value: $7,536,000 - $14,711,844

5 Beds
7 Baths
6,728 Sq Ft
$1,479/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $13,495,000 $2,006 Per Sq Ft

Est. 26% decrease in value since last sale

Current estimated payment $66,737/month

153 Days on Market

Highlights

  • Ocean View
  • Greenhouse
  • Property is near an ocean
  • Vieja Valley Elementary School Rated A
  • Outdoor Pool
  • Custom Home

About This Home

As of April 2023

A most desirable location in Hope Ranch, sophisticated estate blends old-world distinction & craftsmanship with a layout & amenities that suit a contemporary lifestyle. Flooded with natural light, the impressive 2-story foyer features a striking curved staircase flanked by an elegant formal living room and generously-sized great room. The open-concept great room offers a seating area, dining area, and a Chef's Kitchen with large AGA range, beautiful marble backsplash, & island with bar seating. French doors open to garden terrace with fireplace/BBQ perfect for entertaining.


The upstairs features 5-bedroom suites including Primary bedroom with vaulted ceilings, fireplace, ensuite bathroom with soaking tub, and private balcony with stunning mountain views. An expansive private guest suite is set apart from the other bedrooms with private entrance and view balcony.

The property's 1.5 acre grounds offer several opportunities to explore & enjoy including pool, formal gardens, pond, lawn, various mature fruit trees, & greenhouse plus room to add a guest house and/or horses. A private gate opens to More Mesa, one of the last great undeveloped spaces on California's Southern Coast with over 300 acres of coastal open space, nature trails, and steps down to a secluded beach.

Hope Ranch amenities include private beach park, private tennis courts, Hope Ranch Patrol, and extensive bridle trails.

Last Agent to Sell the Property

Randy Solakian Estates Group

Coldwell Banker Realty License #00622258 / 01895788 / 02066982 Listed on: 11/07/2022

Coldwell Banker Realty

Last Buyer's Agent

Patty Murphy

Pitts & Bachmann Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $147,222

Year Built

  • Built in 2006

Lot Details

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

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Peek-A-Boo
  • Mountain
  • Park or Greenbelt

Home Design

  • Estate
  • Custom Home
  • Mediterranean Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Built-In Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Pool
  • Property is near an ocean
  • Fireplace in Patio
  • Patio
  • Greenhouse
  • Shed
  • Built-In Barbecue

Schools

  • Vieja Valley Elementary School
  • Lacolina Middle School
  • San Marcos High School

Utilities

  • Cooling Available
  • Heating Available
  • Water Softener is Owned
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 063-101-003

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include security
  • 25 Hope Ranch Subdivision
  • Greenbelt

Recreation

  • Tennis Courts

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$147,222

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2006
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Patrol, Security System
  • Reso Association Amenities: Other, Tennis Court(s), Greenbelt
  • Reso Association Fee Includes: Security
  • Subdivision Name: 25 - Hope Ranch
  • Architectural Style: Custom Built, Medit, Estate
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Shed(s), Greenhouse
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2006
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.5
  • 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
  • Condition Excellent: Yes
  • Exterior:Stucco: 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
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • WaterSewer Septic In: Yes
  • Roof:Tile2: Yes
  • Other Buildings Shed: Yes
  • ViewOcean: Yes
  • View Green Belt2: Yes
  • AssocPark Amenities Greenbelt2: Yes
  • Style Custom Built: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • Rooms:Den: Yes
  • Rooms LbryStudy: Yes
  • Fireplace(s) Patio3: Yes
  • View PartialFiltered2: Yes
  • AssocPark Amenities Tennis Court(s)2: Yes
  • AssocPark Fee Incl Security2: Yes
  • Other Buildings Greenhouse2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Security Patrol2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, Dishwasher, Dryer, Gas Stove, Washer, Wtr Softener/Owned
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, 2+, LR, Patio
  • Other Rooms:Great Room: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Setting, Green Belt, Partial/Filtered
  • Construction Type: Stucco
  • Acres: 1.5
  • Topography: Level
  • Exterior Features: Pool, Patio Open, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL

Garage/Parking

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

Utilities

  • Cooling: Other
  • Heating: Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: La Cumb Wtr
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 063-101-003
  • Zoning: E-1
  • Lot Size Sq Ft: 65340.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Mar 29, 2023
Sold by
Fisher Matthew H and Fisher Erika Kristina
Bought by
Barbara Ray Trust
Seller's Agent
Randy Solakian Estates Group
Coldwell Banker Realty
Buyer's Agent
Patty Murphy
Pitts & Bachmann Realtors
List Price
$14,500,000
Sold Price
$13,495,000
Premium/Discount to List
-$1,005,000
-6.93%
Views
245
Current Estimated Value
$9,948,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,546,719
Avg. Annual Appreciation
-12.22%
Original Mortgage
$8,097,000
Outstanding Balance
$7,882,315
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$2,065,966

Purchase Details

Closed on
Nov 16, 2021
Sold by
Branch Jeffrey and Branch Michelle
Bought by
Luminosa Llc

Purchase Details

Closed on
Nov 15, 2021
Sold by
Branch Jeffrey and Branch Michelle
Bought by
Luminosa Llc

Purchase Details

Closed on
Dec 21, 2016
Sold by
Branch Jeffrey and Branch Michelle
Bought by
Branch Jeffrey and Branch Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,932,500
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 10, 2015
Closed on
Oct 21, 2015
Sold by
Hughes Kim
Bought by
Branch Jeffrey and Branch Michelle
Seller's Agent
Harry Kolb
Sotheby's International Realty
Buyer's Agent
Jon Ryan Schlobohm
Coldwell Banker Realty
List Price
$6,495,000
Sold Price
$5,750,000
Premium/Discount to List
-$745,000
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$3,737,500
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2006
Sold by
Hughes Kim and Hughes Tammy J
Bought by
Hughes Kim

Purchase Details

Closed on
Oct 9, 2006
Sold by
Hughes Kim
Bought by
Hughes Kim and Hughes Tammy J

Purchase Details

Closed on
Jul 22, 2005
Sold by
Hughes Kim and Hughes Tammy J
Bought by
Hughes Kim

Purchase Details

Closed on
Dec 23, 2004
Sold by
Hughes Kim
Bought by
Hughes Kim and Hughes Tammy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,585,550
Interest Rate
5.62%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 31, 2002
Sold by
Hughes Kim
Bought by
Hughes Kim

Purchase Details

Closed on
Jan 23, 2002
Sold by
Hughes Kim
Bought by
Hughes Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
7.11%

Purchase Details

Closed on
Jan 11, 2002
Sold by
Hughes Tammy Jo
Bought by
Hughes Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
7.11%

Purchase Details

Closed on
Dec 20, 1999
Sold by
Hayes William Griffin and Hayes Karen Louise Shorrock
Bought by
Hughes Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,500
Interest Rate
7.68%
Source: Public Records

Range of Values:

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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
Barbara Ray Trust $13,495,000 Chicago Title Company
Luminosa Llc -- Orange Coast Ttl Co Of Nocal
Luminosa Llc -- None Available
Branch Jeffrey -- North American Title Company
Branch Jeffrey $5,750,000 First American Title Company
Hughes Kim -- First American Title Company
Hughes Kim -- First American Title Company
Hughes Kim -- Chicago Title
Hughes Kim -- First American Title Company
Hughes Kim -- Chicago Title
Hughes Kim -- Chicago Title Co
Hughes Kim -- Chicago Title Co
Hughes Kim -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barbara Ray Trust $8,097,000
Previous Owner Fisher Matthew H $7,800,000
Previous Owner Branch Jeffrey $3,932,500
Previous Owner Branch Jeffrey $3,737,500
Previous Owner Hughes Kim $3,300,000
Previous Owner Hughes Kim $3,660,000
Previous Owner Hughes Kim $1,000,000
Previous Owner Hughes Kim $2,585,550
Previous Owner Hughes Kim $625,000
Previous Owner Hughes Kim $626,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $13,495,000 -6.9% $2,006 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
10/20/2022 10/20/22 For Sale $14,500,000 +20.8% $2,155 / Sq Ft
04/12/2022 04/12/22 Sold $12,000,000 -13.7% $1,784 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $13,900,000 +141.7% $2,066 / Sq Ft
10/29/2015 10/29/15 Sold $5,750,000 -11.5% $855 / Sq Ft
09/27/2015 09/27/15 Pending -- -- --
01/09/2015 01/09/15 For Sale $6,495,000 -- $965 / 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 $147,222 $14,040,198 $4,161,600 $9,878,598
2023 $147,222 $11,400,000 $2,850,000 $8,550,000
2022 $68,932 $6,414,231 $2,565,692 $3,848,539
2021 $66,447 $6,288,463 $2,515,385 $3,773,078
2020 $65,742 $6,223,983 $2,489,593 $3,734,390
2019 $63,786 $6,101,945 $2,440,778 $3,661,167
2018 $62,536 $5,982,300 $2,392,920 $3,589,380
2017 $61,417 $5,865,000 $2,346,000 $3,519,000
2016 $59,787 $5,750,000 $2,300,000 $3,450,000
2015 $35,836 $3,427,669 $1,253,862 $2,173,807
2014 $35,269 $3,360,527 $1,229,301 $2,131,226
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-3483

Santa Barbara Multiple Listing Service

APN: 063-101-003