NOT LISTED FOR SALE

Estimated Value: $7,024,000 - $7,583,000

4 Beds
4 Baths
5,632 Sq Ft
$1,294/Sq Ft Est. Value

Last Sold January 22, 2014

Last sale price $2,850,000 $506 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $43,419/month

307 Days on Market

Highlights

  • Property is near an ocean
  • Estate
  • Mountain View
  • Cold Spring Elementary School Rated A
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of January 2014

Stately ENGLISH COUNTRY STYLE HOME within the Pepper Hill area of Montecito. Handsome and unique finishes including hand crafted beams and wood work, vaulted and some hand painted ceilings, leaded and stained glass windows. Set behind impressive iron gates and tall hedges on one acre. Grand formal living areas plus a warm and generous family room/gourmet kitchen retreat.Four fireplaces.

Last Agent to Sell the Property

Patricia Griffin

Village Properties License #00837659 Listed on: 10/08/2013

Last Buyer's Agent

Janet Caminite

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,419

Year Built

  • Built in 1980

Lot Details

  • 1.01 Acre Lot
  • Gated Home
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Estate
  • Tudor Architecture
  • Shake Roof
  • Stucco

Interior Spaces

  • 5,632 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Family Room with Fireplace
  • Formal Dining Room
  • Library
  • Sun or Florida Room
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Double Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

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

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio
  • Built-In Barbecue

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating System
  • Sewer Stub Out

Community Details

  • Pepper Hill Community

Listing and Financial Details

  • Assessor Parcel Number 009-021-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,419

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Directions: Hot Springs Road to Sycamore Canyon. Left on Woodley Road. House on Left
  • Prop. Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Security System, Smoke Detector(s)
  • Subdivision Name: Other
  • Architectural Style: Other, Tudor, Estate
  • Reso Flooring: Carpet, Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1980
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.01
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: 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 Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Style Estate2: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Pepper Hill
  • GroundsLandscaping Deck3: Yes
  • Appliances Included Electric Range2: Yes
  • Rooms LbryStudy: Yes
  • Roof Shake: Yes
  • Style Tudor2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Refrigerator, Electric Range, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, Family Room, 2+
  • Total Bedrooms: 11
  • Appliances Included:Double Oven2: Yes
  • Other Rooms:Sun Room2: Yes
  • Appliances Included:Trash Compactor2: Yes

Exterior Features

  • Roof: Shake
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 1.01
  • Exterior Features: Deck, Patio Open, Lawn, Wooded
  • Foundation Details: Mixed

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont 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 #: 009-021-019
  • Zoning: R-1
  • Lot Size Sq Ft: 43995.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2013
Closed on
Dec 26, 2013
Sold by
Murphy Michael J and Murphy Evelina L
Bought by
Zakem Loreen and Brusati Michael A
Seller's Agent
Patricia Griffin
Village Properties
Buyer's Agent
Janet Caminite
Sotheby's International Realty
List Price
$3,500,000
Sold Price
$2,850,000
Premium/Discount to List
-$650,000
-18.57%
Current Estimated Value
$7,289,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,439,207
Avg. Annual Appreciation
8.23%
Original Mortgage
$1,995,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 1994
Sold by
Care Enterprises West
Bought by
Murphy Michael J and Murphy Evelina L
Source: Public Records

Range of Values:

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Average Value
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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
Zakem Loreen $2,850,000 Chicago Title Company
Murphy Michael J -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zakem Loreen $1,975,000
Closed Zakem Loreen $1,995,000
Previous Owner Murphy Michael J $2,405,000
Previous Owner Murphy Michael J $1,620,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2014 01/22/14 Sold $2,850,000 -18.6% $506 / Sq Ft
11/10/2013 11/10/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $3,500,000 -- $621 / 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 $44,419 $4,034,917 $1,225,859 $2,809,058
2023 $44,419 $3,878,238 $1,178,258 $2,699,980
2022 $41,526 $3,802,195 $1,155,155 $2,647,040
2021 $40,133 $3,675,643 $1,132,505 $2,543,138
2020 $36,946 $3,394,548 $1,120,893 $2,273,655
2019 $35,029 $3,205,911 $1,098,915 $2,106,996
2018 $33,616 $3,070,502 $1,077,368 $1,993,134
2017 $32,973 $3,010,297 $1,056,244 $1,954,053
2016 $31,976 $2,951,273 $1,035,534 $1,915,739
2014 $23,461 $2,139,201 $890,029 $1,249,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-55

Santa Barbara Multiple Listing Service

APN: 009-021-019