NOT LISTED FOR SALE

488 Monarch Ln Santa Barbara, CA 93108

Estimated Value: $5,297,097 - $6,421,000

3 Beds
3.5 Baths
3,189 Sq Ft
$1,823/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $3,199,000 $1,003 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $34,371/month

Highlights

  • Fitness Center
  • Property is near an ocean
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • Updated Kitchen
  • Clubhouse

About This Home

As of June 2018

Quietly located at the end of a cul de sac this absolutely stunning Ennisbrook Casita has been meticulously maintained and upgraded with utmost quality apparent in every direction. Expansive high ceilings and tall windows bring lots of sunlight into one of the only truly open floor plans within the Casitas. This 3 bedroom, 3 1/2 bath home with downstairs master has it all. Beautiful black walnut floors throughout, dining room area plus breakfast nook in kitchen, custom window coverings, two newly installed tankless water heaters, two zones of heating and air, gourmet Viking kitchen with rare stone counters, central vacuum system recently upgraded, gas fireplaces in living room and master, separate laundry/mud room, and full security system. Master and second bedroom suite are located on the main floor with 3rd floor open loft suite above currently utilized as an office with outdoor patio and exterior stairway. Must see to appreciate all the amenities. Easy to show by appointment.

Last Agent to Sell the Property

Sandy Stahl

Sotheby's International Realty License #01040095 Listed on: 05/02/2018

Sotheby's International Realty

Co-Listed By

Katinka Goertz

Sotheby's International Realty

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Property is in excellent condition

HOA Fees

  • $580 Monthly HOA Fees

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,189 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Gas Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Home Security System
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Laundry

  • 220 Volts In Laundry
  • Gas Dryer Hookup

Parking

  • Direct Access Garage
  • Open Parking

Outdoor Features

  • Property is near an ocean
  • Patio

Location

  • Property is near park

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Underground Utilities

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 007-540-087

Community Details

Overview

  • Association fees include comm area maint, security

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Additional Features

  • Clubhouse
  • Security Service

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

0.29 Acres

HOA Fees

$580 per month

Listing Details

  • Association Fee: $580
  • Prop. Type: Residential
  • Year Built: 1991
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Gas Hookup, Other
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Security System
  • Reso Association Amenities: Tennis Court(s), Spa/Hot Tub, Clubhouse, Pool, Security, Gym
  • Reso Association Fee Includes: Comm Area Maint, Security
  • Co List Office Mls Id: sir04
  • Co List Office Phone: 805-969-5005
  • Architectural Style: Medit
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1991
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Construction Two Story2: Yes
  • Dining Breakfast Area2: Yes
  • Dining In Kitchen4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Fireplace(s):_two_3: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Laundry:_two_20V Elect2: Yes
  • AssocPark Amenities Pool4: Yes
  • Laundry Gas Hookup2: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • AssocPark Amenities Security: Yes
  • WaterSewer Meter In: Yes
  • AssocPark Amenities Clubhouse: Yes
  • AssocPark Amenities SpaHot Tub: Yes
  • AssocPark Amenities Tennis Court(s)2: Yes
  • AssocPark Fee Incl Security2: Yes
  • Appliances Included Central Vac2: Yes
  • AssocPark Amenities Gym: Yes
  • ParkingGarage Unc #22: Yes
  • CondoCO-OPPUD Detached4: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Central Vac, Dishwasher, Gas Stove
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, 2, Gas, LR

Exterior Features

  • Roof: Tile
  • View: Setting
  • Construction Type: Stucco
  • Topography: Level
  • Exclusions: Other
  • Exterior Features: Patio Open, Fruit Trees, Yard Irrigation T/O, Fenced: BCK
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Open Parking: Yes
  • Parking Features: Gar #2, Unc #2, Interior Access, Attached

Utilities

  • Cooling: Other
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Meter In, 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 #: 007-540-087
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2018
Closed on
Jun 13, 2018
Sold by
Crary Bruce Paterson and The Bruce Paterson Crary Trust
Bought by
King Randall A and King Jane Spearen
Seller's Agent
Sandy Stahl
Sotheby's International Realty
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$3,199,000
Sold Price
$3,199,000
Current Estimated Value
$5,813,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,614,524
Avg. Annual Appreciation
7.99%
Original Mortgage
$750,000
Outstanding Balance
$638,829
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,174,695

Purchase Details

Closed on
Mar 30, 2009
Sold by
Crary Bruce Paterson
Bought by
Crary Bruce Paterson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 10, 2009
Sold by
Sheen Anitra P
Bought by
Crary Bruce Paterson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 18, 2003
Sold by
Sheen Anitra Peebles
Bought by
Sheen Anitra P

Purchase Details

Closed on
Sep 10, 2002
Sold by
Nicholson Veronica A
Bought by
Sheen Anitra Peebles

Purchase Details

Closed on
Aug 9, 2001
Sold by
Phelps Luise M
Bought by
Nicholson Veronica A

Purchase Details

Closed on
Nov 1, 1999
Sold by
Nakamoto Rona K
Bought by
Phelps Luise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.25%

Purchase Details

Closed on
Mar 18, 1994
Sold by
Santa Barbara Bank & Trust
Bought by
Nakamoto Rona K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
King Randall A $3,199,000 Chicago Title Co
Crary Bruce Paterson -- Lawyers Title Company
Crary Bruce Paterson -- Lawyers Title Company
Sheen Anitra P -- --
Sheen Anitra Peebles -- Chicago Title Co
Nicholson Veronica A -- Lawyers Title Company
Phelps Luise M -- Lawyers Title Company
Nakamoto Rona K -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Randall A $750,000
Previous Owner Crary Bruce Paterson $500,000
Previous Owner Crary Bruce Paterson $417,000
Previous Owner Phelps Luise M $650,000
Previous Owner Nakamoto Rona K $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2018 06/25/18 Sold $3,199,000 0.0% $1,003 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
05/02/2018 05/02/18 For Sale $3,199,000 -- $1,003 / 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 $32,709 $3,085,800 $1,108,973 $1,976,827
2023 $32,709 $2,965,976 $1,065,911 $1,900,065
2022 $31,578 $2,907,820 $1,045,011 $1,862,809
2021 $30,935 $2,850,805 $1,024,521 $1,826,284
2020 $30,661 $2,821,574 $1,014,016 $1,807,558
2019 $30,012 $2,766,250 $994,134 $1,772,116
2018 $26,811 $2,456,000 $1,286,000 $1,170,000
2017 $26,778 $2,456,000 $1,286,000 $1,170,000
2016 $25,255 $2,339,000 $1,225,000 $1,114,000
2014 $23,590 $2,184,000 $1,144,000 $1,040,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-1530

Santa Barbara Multiple Listing Service

APN: 007-540-087

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