NOT LISTED FOR SALE

48 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $2,478,000 - $3,916,000

3 Beds
2.5 Baths
1,843 Sq Ft
$1,743/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $2,597,500 $1,409 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $20,000/month

40 Days on Market

Highlights

  • Property is near an ocean
  • Updated Kitchen
  • Deck
  • Santa Barbara Senior High School Rated A-
  • Fireplace in Primary Bedroom
  • Cathedral Ceiling

About This Home

As of August 2023

Retreat By the Beach. This 3 bdrm end unit is a true gem nestled in a perfect Montecito location near Butterfly Beach & charming shops, galleries & dining on Coast Village Rd. Not directly on Olive Mill - located at the back of the complex! From the moment you enter you will be captivated by the abundance of natural light creating a warm & inviting ambiance. The well equipped kitchen is a culinary delight, perfect for preparing gourmet meals to enjoy on the adjacent garden patio. The living/dining rooms boast a cozy fireplace and
flow seamlessly to a picturesque patio where the outdoor kitchen ensures delightful al fresco dining experiences. The second floor features 3 bedrooms offering ample privacy
and tree top views. The primary suite is a true oasis with a
romantic fireplace, walk-in closet, exquisite spa-like bath, and
private balcony bathed with morning sun. The 2 other
bedrooms are both spacious, one with a private west-facing
balcony to enjoy the breathtaking sunsets. There is plenty of
room to accommodate a desk in the hallway overlooking the
lush grounds and there is conveniently located laundry room on
this floor as well.
Bonus storage space and a 2-car garage with lots of room for
surf boards, bikes, and other items complete the package.
One of the highlights of this end unit is the privacy and
exceptional indoor/outdoor flow with the multiple patio areas
that seamlessly integrate with the living spaces allowing you to
entertain both small and large groups with ease.

Don't miss your opportunity to own this remarkable Montecito
Del Mar townhouse. With its ideal location, abundance of
natural light, inviting outdoor spaces, and a perfect blend of
privacy and convenience, this home offers the quintessential
California coastal lifestyle.

Last Agent to Sell the Property

Patricia Saraca

Village Properties - 1 License #01080801 Listed on: 07/01/2023

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $27,555

Year Built

  • Built in 1988

Lot Details

  • 1,263

HOA Fees

  • $918 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating System
  • Sewer Stub Out

Additional Features

  • End Unit
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 009-620-010

Community Details

Overview

  • Association fees include insurance, trash, prop mgmt, comm area maint, exterior maint
  • 14 Buildings
  • 14 Units
  • Montecito Del Mar Community

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$27,555

Year Built

Built in 1988

Lot Details

0

HOA Fees

$918 per month

Listing Details

  • Association Fee: $917.50
  • Directions: Take Olive Mill Road toward Butterfly Beach. Turn left into complex before railroad tracks. Unit is straight ahead, end unit on the right.
  • Prop. Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Fee Includes: Other, Insurance, Trash, Prop Mgmt, Comm Area Maint, Exterior Maint
  • Architectural Style: Medit, Townhouse
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • Property Information Year Built2: 1988
  • Property Information Total #Units: 14
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Fireplace(s):_two_3: Yes
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Montecito Del Mar
  • GroundsLandscaping Deck3: Yes
  • Laundry In Unit2: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • CondoCO-OPPUD End Unit: Yes
  • Style Townhouse2: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Dryer, Microwave, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, 2, LR

Exterior Features

  • Roof: Composition
  • View: Setting
  • Construction Type: Stucco
  • Topography: Level
  • Common Walls: End Unit
  • Exterior Features: Deck, Patio Open
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 009-620-010
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Aug 9, 2023
Sold by
Lauren M Beal 2006 Trust
Bought by
Bando Llc
Seller's Agent
Patricia Saraca
Village Properties - 1
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$2,995,000
Sold Price
$2,597,500
Premium/Discount to List
-$397,500
-13.27%
Views
176
Current Estimated Value
$3,080,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,241
Avg. Annual Appreciation
11.33%

Purchase Details

Listed on
Jan 17, 2013
Closed on
Feb 22, 2013
Sold by
Tatman Taylor
Bought by
Beal Lauren K
Seller's Agent
Aaron L Gilles
Village Properties - 1
Buyer's Agent
Patricia Saraca
RE/MAX Goleta
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Original Mortgage
$620,000
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2010
Sold by
Tilton Arthur A
Bought by
Tatman Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.82%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2003
Sold by
Carosella George John and Ferrari Gina Aileen
Bought by
Tilton Arthur A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 16, 2003
Sold by
Nelson Stanley J and Nelson Liliane A
Bought by
Carosella George John and Ferrari Gina Aileen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.25%

Purchase Details

Closed on
Jul 5, 2000
Sold by
Harvey Howard B and Harvey Patricia S
Bought by
Nelson Stanley J and Nelson Liliane A

Purchase Details

Closed on
Dec 16, 1999
Sold by
Harvey Howard B and Harvey Patricia S
Bought by
Harvey Howard B and Harvey Patricia S
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Bando Llc $2,597,500 First American Title
Beal Lauren K $995,000 First American Title Company
Tatman Taylor $645,000 First American Title Company
Tilton Arthur A -- First American Title Co
Carosella George John -- Fidelity National Title Co
Nelson Stanley J $750,000 Fidelity National Title Co
Harvey Howard B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beal Lauren K $620,000
Previous Owner Tatman Taylor $585,000
Previous Owner Tatman Taylor $375,000
Previous Owner Tilton Arthur A $250,000
Previous Owner Tilton Arthur A $750,000
Previous Owner Carosella George John $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $2,597,500 -13.3% $1,409 / Sq Ft
06/30/2023 06/30/23 For Sale $2,995,000 +201.0% $1,625 / Sq Ft
02/26/2013 02/26/13 Sold $995,000 0.0% $540 / Sq Ft
01/22/2013 01/22/13 Pending -- -- --
01/16/2013 01/16/13 For Sale $995,000 0.0% $540 / Sq Ft
01/16/2012 01/16/12 Rented -- -- --
01/16/2012 01/16/12 For Rent $4,350 -- --
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 $27,555 $2,649,450 $1,326,000 $1,323,450
2023 $27,555 $1,177,683 $650,980 $526,703
2022 $12,703 $1,154,592 $638,216 $516,376
2021 $12,446 $1,131,953 $625,702 $506,251
2020 $12,328 $1,120,348 $619,287 $501,061
2019 $12,096 $1,098,382 $607,145 $491,237
2018 $11,872 $1,076,846 $595,241 $481,605
2017 $11,636 $1,055,732 $583,570 $472,162
2016 $11,305 $1,035,032 $572,128 $462,904
2014 $10,904 $999,517 $552,497 $447,020
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Patricia Saraca

    Village Properties - 1

    (805) 886-7426

    2 in this area

    10 Total Sales

    Section Image

  • C

    Buyer's Agent in 2023

    Calcagno & Hamilton

    Sotheby's International Realty

  • M

    Buyer's Agent in 2023

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    59 in this area

    297 Total Sales

    Section Image

  • A

    Seller's Agent in 2013

    Aaron L Gilles

    Village Properties - 1

    (805) 681-8800

    6 in this area

    67 Total Sales

    Section Image

  • R

    Seller's Agent in 2012

    Rudy Tatman

    Tatman Real Estate

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1920

Santa Barbara Multiple Listing Service

APN: 009-620-010

California Santa Barbara County Santa Barbara 93108

48 Olive Mill Rd, Santa Barbara, CA

This home is located at 48 Olive Mill Rd, Santa Barbara, CA 93108 since 01 July 2023 and is currently estimated at $3,212,336, approximately $1,742 per square foot. This property was built in 1988. 48 Olive Mill Rd is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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