NOT LISTED FOR SALE

491 Pimiento Ln Santa Barbara, CA 93108

Estimated Value: $8,252,000 - $9,859,000

4 Beds
4.5 Baths
3,838 Sq Ft
$2,303/Sq Ft Est. Value

Last Sold March 15, 2023

Last sale price $8,200,000 $2,137 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $53,608/month

43 Days on Market

Highlights

  • Outdoor Pool
  • Updated Kitchen
  • Maid or Guest Quarters
  • Santa Barbara Senior High School Rated A-
  • Mountain View
  • Fireplace in Primary Bedroom

About This Home

As of March 2023

Privately tucked away & secluded behind the high walls & hedges of this extensively remodeled property, a peaceful Upper Village oasis awaits.Inspired by the view of the Santa Ynez Mtns & Tulum's bohemian-minimalism, the property is a showpiece for indoor-outdoor living.Greeted by the original, hand-laid stone motor court & historic wooden gate imported from Spain, the restoration takes it's cue from the original underlying Moorish architecture & authentic materials. Redesigned using muted tones & contemporary finishes, the residence is sophisticated, dramatic & modern. A versatile floor plan offers 2 ground floor ensuite bdrms, a primary ste upstairs w inspiring mtn views; plus, a separate ADU complete w a kitchen. Tranquil and private this property unfolds with subtlety & emotion.

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 01/30/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • Gated Home
  • Artificial Turf
  • Level Lot
  • Irrigation
  • Property is in excellent condition

Home Design

  • Contemporary Architecture
  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,838 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Sound System
  • Multiple Fireplaces
  • Gas Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Stone Flooring
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Outdoor Pool
  • Spa

Additional Homes

  • Number of ADU Units: 1
  • Accessory Dwelling Unit (ADU)
  • ADU built in 2022
  • ADU includes 1 Bedroom and 1 Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Sewer Stub Out

Additional Features

  • Patio
  • Property is near schools and shops

Community Details

  • 2 Units
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 009-060-065

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Directions: Take Hot Springs Road towards E Valley Road. Turn onto E Valley Road heading South. Turn onto Pimiento Lane. Property is on the right.
  • Prop. Type: Residential
  • Year Built: 1972
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec
  • Architectural Style: Contemporary, Medit
  • Reso Flooring: Stone
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: ADU (Accessory Dwelling Unit)
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1972
  • Property Information Total #Units: 2
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: 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
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 3838.0
  • Property Information ADU Count: 1
  • Construction Two Story2: Yes
  • Other Buildings ADU (Accessory Dwelling Unit): Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Amenities Guest Quarters2: Yes
  • Amenities Sound System: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • Laundry Gas Hookup2: Yes
  • ADU #1 Type2: ADU
  • ADU #1 Attached2: No
  • Style Medit2: Yes
  • GroundsLandscaping Artificial Turf: Yes
  • ADU #1 Year Built5: 2022
  • ADU #1 Beds: 1
  • ADU #1 Baths2: 1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Tankless Water Heater, Dishwasher, Disposal, Dryer, Microwave, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, Dining Room, Other, 2+, Gas, LR
  • Other Rooms:Great Room: Yes
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s)
  • Construction Type: Stucco
  • Topography: Level
  • Exterior Features: Pool, Patio Open, SPA-Outside, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 009-060-065
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2023
Sold by
Gbb Pimiento Llc
Bought by
Gbb Properties One Llc
Current Estimated Value
$8,840,730

Purchase Details

Listed on
Jan 30, 2023
Closed on
Mar 10, 2023
Sold by
491 Pimiento Lane Llc
Bought by
Gbb Pimiento Llc
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$9,450,000
Sold Price
$8,200,000
Premium/Discount to List
-$1,250,000
-13.23%
Views
217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.71%

Purchase Details

Listed on
Sep 3, 2021
Closed on
Aug 30, 2021
Sold by
Susan Pauley French Administrative Trust and Susan Pauley French Trust
Bought by
491 Pimiento Lane Llc
Seller's Agent
Robert Kemp
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
List Price
$4,500,000
Sold Price
$4,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.02%
Original Mortgage
$5,370,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 30, 2021
Sold by
Pauley French Susan
Bought by
Susan Pauley French Trust
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
Gbb Properties One Llc -- Chicago Title Company
Gbb Pimiento Llc $8,200,000 Chicago Title
491 Pimiento Lane Llc $4,500,000 Chicago Title
Susan Pauley French Trust -- --
Hillyer Kevin P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 491 Pimiento Lane Llc $5,370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2023 03/15/23 Sold $8,200,000 -6.3% $2,137 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/02/2023 03/02/23 Price Changed $8,750,000 -7.4% $2,280 / Sq Ft
01/30/2023 01/30/23 For Sale $9,450,000 +110.0% $2,462 / Sq Ft
09/03/2021 09/03/21 Sold $4,500,000 0.0% $1,284 / Sq Ft View Prior Sale
09/02/2021 09/02/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $4,500,000 -- $1,284 / 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 $88,556 $8,553,280 $2,809,080 $5,744,200
2023 $88,556 $4,815,000 $2,295,000 $2,520,000
2022 $48,857 $4,500,000 $2,250,000 $2,250,000
2021 $13,600 $1,156,835 $246,653 $910,182
2020 $13,479 $1,144,974 $244,124 $900,850
2019 $13,131 $1,122,525 $239,338 $883,187
2018 $12,902 $1,100,516 $234,646 $865,870
2017 $12,609 $1,078,939 $230,046 $848,893
2016 $12,217 $1,057,785 $225,536 $832,249
2014 $11,702 $1,021,489 $217,798 $803,691
Source: Public Records

Agents Affiliated with this Home

  • Nancy Kogevinas

    Seller's Agent in 2023

    Nancy Kogevinas

    Berkshire Hathaway HomeServices California Properties

    (805) 450-6233

    115 in this area

    221 Total Sales

    Nancy Kogevinas
    Section Image

  • M

    Buyer's Agent in 2023

    Marsha Kotlyar Estate Group

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4014

    81 in this area

    165 Total Sales

    Marsha Kotlyar Estate Group
    Section Image

  • R

    Seller's Agent in 2021

    Robert Kemp

    Berkshire Hathaway HomeServices California Properties

  • Patrice Serrani

    Seller Co-Listing Agent in 2021

    Patrice Serrani

    Compass

    (805) 637-5112

    19 in this area

    56 Total Sales

    Patrice Serrani
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-220

Santa Barbara Multiple Listing Service

APN: 009-060-065

California Santa Barbara County Santa Barbara 93108

491 Pimiento Ln, Santa Barbara, CA

Not Listed for Sale

Detached

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