NOT LISTED FOR SALE

483 Hot Springs Montecito, CA 93108

Estimated Value: $3,414,000 - $5,988,718

4 Beds
4 Baths
1,936 Sq Ft
$2,463/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $2,715,000 $1,402 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $27,689/month

177 Days on Market

About This Home

As of October 2020

Down a private lane, located in the Golden Triangle, Montecito's most coveted address, this single level, south facing California Ranch located in the heart of Montecito exudes charm and love throughout the years. Three bedrooms and three bathrooms int he main house with a lovely one bedroom, one bathroom apartment over the two car garage.

The fragrant flowering gardens are lush and rich with shade trees, green grass, walking paths, a welcoming entry with additional off street parking, a gardener's delight!

Location is the pinnacle of this property. This property's location is close to everything Montecito. Montecito is one of the world's most prestigious addresses, located on the California Central Coast and is home to the most discriminating buyers. Known for its grace and beauty, Montecito is a dream lifestyle and a gorgeous place to call home.
Just two miles south east of Santa Barbara with the backdrop of the Montecito Foothills and glorious ocean views from many of the estate properties. Montecito, and the surrounding areas, offer endless beaches, museums, contemporary arts, symphony, hiking and biking trails, horseback riding, sailing, golf, tennis and miles and miles of space to walk and take in the fresh ocean air. Upscale boutiques in the upper and lower villages are conveniently located within minutes of major shopping centers, delicious specialty restaurants and a small local airport. Montecito is small enough to offer a welcoming hometown feel, yet cosmopolitan enough to attract some of the world's most important dignitaries and celebrities.

Welcome home!

NOTE DURING SHELTER IN PLACE ORDERS IN EFFECT: All Buyers must have proof of funds letter from their lending institution and all Buyers must have seen and preliminarily approve the floor plan and property location. All buyers, agents and anyone else present at showings must sign the CAR Coronavirus Property Entry Advisory and Declaration (PEAD) prior to an appointment being made with listing agents.

Last Agent to Sell the Property

The Morehart Group

Compass License #00828316 / 01130349 / 02025980 / 01319565 Listed on: 09/10/2020

Last Buyer's Agent

Deanna Solakian

Coldwell Banker Realty License #01895788

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1952

Lot Details

  • 36,155 Sq Ft Lot

Home Design

  • 1,936 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 009-040-002

Home Details

Home Type

Single Family

Year Built

Built in 1952

Lot Details

0.83 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 1952
  • Reso Property Sub Type: Home/Estate
  • Property Information Year Built2: 1952
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.83
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 4

Exterior Features

  • Acres: 0.83

Schools

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

Lot Info

  • Parcel #: 009-040-002
  • Zoning: R-1
  • Lot Size Sq Ft: 36154.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Oct 23, 2020
Sold by
Mullen Edward J and Mullen Barbara M
Bought by
Ausanka Crues Ryan and Castro Amelia
Seller's Agent
The Morehart Group
Compass
Buyer's Agent
Deanna Solakian
Coldwell Banker Realty
List Price
$2,900,000
Sold Price
$2,715,000
Premium/Discount to List
-$185,000
-6.38%
Current Estimated Value
$4,768,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,053,180
Avg. Annual Appreciation
10.97%
Original Mortgage
$2,000,000
Outstanding Balance
$1,763,398
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,004,782

Purchase Details

Closed on
Jul 11, 2003
Sold by
Mullen Edward J and Mullen Barbara M
Bought by
Mullen Edward J and Mullen Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.18%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 3, 2002
Sold by
Mullen Edward J and Mullen Barbara M
Bought by
Mullen Edward J and Mullen Barbara M

Purchase Details

Closed on
Jun 17, 1998
Sold by
Murdoch Rita Susan
Bought by
Mullen Edward J and Mullen Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 21, 1994
Sold by
Santa Barbara Foundation and Gaudi Arthur R
Bought by
Murdoch Rita Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.24%

Purchase Details

Closed on
Dec 1, 1993
Sold by
Decastle Johanne
Bought by
Gaudi Arthur R and Johanne Decastle Charitable Remainder An

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.24%
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

Date Buyer Sale Price Title Company
Ausanka Crues Ryan $2,715,000 Chicago Title Company
Mullen Edward J -- Fidelity National Title
Mullen Edward J -- Fidelity National Title Co
Mullen Edward J -- --
Mullen Edward J -- Equity Title Company
Murdoch Rita Susan -- Trico Title Co
Gaudi Arthur R -- Trico Title Company
Santa Barbara Foundation $90,000 Trico Title Company
Decastle Johanne -- Trico Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ausanka Crues Ryan $2,000,000
Previous Owner Mullen Edward J $50,000
Previous Owner Mullen Edward J $549,000
Previous Owner Mullen Edward J $50,000
Previous Owner Mullen Edward J $562,000
Previous Owner Murdoch Rita Susan $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2020 10/27/20 Sold $2,715,000 -6.4% $1,402 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
04/02/2020 04/02/20 For Sale $2,900,000 -- $1,498 / Sq Ft
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 $31,292 $2,938,802 $1,623,648 $1,315,154
2023 $31,292 $2,824,686 $1,560,600 $1,264,086
2022 $30,256 $2,769,300 $1,530,000 $1,239,300
2021 $29,643 $2,715,000 $1,500,000 $1,215,000
2020 $18,642 $1,641,073 $1,003,433 $637,640
2019 $18,149 $1,608,896 $983,758 $625,138
2018 $17,823 $1,577,350 $964,469 $612,881
2017 $17,445 $1,546,422 $945,558 $600,864
2016 $16,909 $1,516,101 $927,018 $589,083
2015 $16,507 $1,493,329 $913,094 $580,235
2014 -- $1,464,077 $895,208 $568,869
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1219

Santa Barbara Multiple Listing Service

APN: 009-040-002

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