NOT LISTED FOR SALE

495 E Mountain Dr Montecito, CA 93108

Estimated Value: $7,570,000 - $9,975,000

5 Beds
5.5 Baths
6,240 Sq Ft
$1,441/Sq Ft Est. Value

Last Sold March 01, 2022

Last sale price $8,100,000 $1,298 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $54,694/month

7 Days on Market

Highlights

  • Ocean View
  • Pool House
  • Fireplace in Primary Bedroom
  • Cold Spring Elementary School Rated A+
  • Fruit Trees
  • Wood Flooring

About This Home

As of March 2022

This extraordinary, Mediterranean-inspired villa is an oasis & from this vantage point, ocean & island views are endless. Showcasing nearly an acre of polished, landscaped grounds, & resort-caliber amenities, this gated villa embodies everyday Californian luxury in a private setting. A beautifully landscaped driveway leads to this approx 6,240 sq. ft. residence, which boasts a main level primary suite, tall ceilings, & seamless indoor-outdoor flow. Newly built in 2020, the thoughtfully designed home is ideal for year-round entertaining, with an outdoor kitchen, peaceful gardens, & pool & spa adjacent to a lower level 1 bed/1 bath cabana. Situated within the highly coveted Cold Spring School district, this idyllic haven is the perfect place to experience your own slice of paradise.

Last Agent to Sell the Property

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 12/06/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886 Listed on: 12/06/2021

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020

Lot Details

  • 0.89 Acre Lot
  • Gated Home
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 6,240 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Double Pane Windows
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Game Room
  • Home Gym
  • Home Security System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 013-060-050

Home Details

Home Type

Single Family

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2020
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Architectural Style: Medit
  • Reso Flooring: Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2020
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.89
  • 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 ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms Game Room3: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, 2+, LR
  • Other Rooms:Great Room: Yes
  • Other Rooms:Media Room: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean
  • Construction Type: Stucco
  • Acres: 0.89
  • Exterior Features: Pool, Pool House, Patio Open, Patio Covered, SPA-Outside, Lawn, Fruit Trees, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Interior Access, Attached

Utilities

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

Schools

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

Lot Info

  • Parcel #: 013-060-050
  • Zoning: E-1
  • Lot Size Sq Ft: 38768.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Feb 22, 2022
Sold by
Eric Pressly Revocable Trust
Bought by
Rocha Community Property Trust
Seller's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$7,950,000
Sold Price
$8,100,000
Premium/Discount to List
$150,000
1.89%
Current Estimated Value
$8,990,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$890,615
Avg. Annual Appreciation
2.81%
Original Mortgage
$7,500,000
Outstanding Balance
$6,964,319
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$2,026,296

Purchase Details

Listed on
Oct 29, 2019
Closed on
Jul 23, 2020
Sold by
Charles Leonard Steven and Leonard Steven Charles
Bought by
Eric Pressley and Eric Pressly Revocable Trust
Seller's Agent
Chris Palme
Coldwell Banker Realty
Buyer's Agent
Daniel Johnson
Sotheby's International Realty
List Price
$6,495,000
Sold Price
$5,075,000
Premium/Discount to List
-$1,420,000
-21.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.43%
Original Mortgage
$3,552,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2014
Sold by
Rudolph Lawrence
Bought by
Leonard Steven Charles

Purchase Details

Closed on
Jan 18, 2002
Sold by
Wulff Harald and Wulff Birgit
Bought by
Rudolph Lawrence

Purchase Details

Closed on
Jun 30, 2000
Sold by
Berman Stephen L and Berman Risi J
Bought by
Wulff Harald and Wulff Birgit

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
8.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Rocha Community Property Trust $8,100,000 Chicago Title
Eric Pressley $5,075,000 Chicago Title Company
Leonard Steven Charles $1,950,000 Fidelity National Title Co
Rudolph Lawrence -- Fidelity National Title Co
Wulff Harald -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocha Community Property Trust $7,500,000
Previous Owner Eric Pressley $3,552,500
Previous Owner Wulff Harald $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2022 03/01/22 Sold $8,100,000 +1.9% $1,298 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $7,950,000 +56.7% $1,274 / Sq Ft
07/31/2020 07/31/20 Sold $5,075,000 -21.9% $813 / Sq Ft View Prior Sale
06/19/2020 06/19/20 Pending -- -- --
10/29/2019 10/29/19 For Sale $6,495,000 -- $1,041 / 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 $89,385 $8,595,784 $2,122,416 $6,473,368
2023 $89,385 $8,100,000 $2,000,000 $6,100,000
2022 $55,664 $5,176,500 $1,530,000 $3,646,500
2021 $54,508 $5,075,000 $1,500,000 $3,575,000
2020 $44,017 $4,102,000 $1,932,000 $2,170,000
2019 $31,123 $2,979,000 $1,759,000 $1,220,000
2018 $22,054 $2,110,000 $1,850,000 $260,000
2017 $19,081 $2,059,677 $2,059,677 $0
2016 $20,676 $1,989,000 $1,989,000 $0
2014 $20,195 $1,928,183 $1,928,183 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Marsha Kotlyar Estate Group

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4014

    81 in this area

    164 Total Sales

    Marsha Kotlyar Estate Group
    Section Image

  • C

    Seller's Agent in 2020

    Chris Palme

    Coldwell Banker Realty

  • M

    Seller Co-Listing Agent in 2020

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    55 in this area

    303 Total Sales

    Michael Calcagno
    Section Image

  • D

    Buyer's Agent in 2020

    Daniel Johnson

    Sotheby's International Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-4343

Santa Barbara Multiple Listing Service

APN: 013-060-050

California Santa Barbara County Montecito 93108

495 E Mountain Dr, Montecito, CA

Not Listed for Sale

Detached

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