J
Seller's Agent in 2020
Jeff Oien
Village Properties - 1
495 Valley Club Rd Santa Barbara, CA 93108
Estimated Value: $8,287,000
4
Beds
7
Baths
8,743
Sq Ft
$948/Sq Ft
Est. Value
Highlights
- Ocean View
- Parking available for a boat
- 4.13 Acre Lot
- Santa Barbara Senior High School Rated A-
- Outdoor Pool
- Fruit Trees
About This Home
As of October 2020Introducing for the first time in fifty years, a private residential masterpiece, The Erdman House (1958).
Four knolltop acres. Midcentury Montecito. Sited to perfection. Lutah Maria Riggs, Architect.
A stunning example of midcentury vernacular, Lutah Maria Riggs' use of shakkei or borrowed scenery or landscape is evident in almost every room. The courtyard, once centered around the reflecting pool, looks to the rectangular swimming pool up to the mountains through stands of pine and eucalyptus trees. Gated and private, one is transported back to a simpler time where the enjoyment of the outdoors translated to refuge and peaceful living. The proportion of this midcentury knolltop escape allows space to breathe and enjoy, wander and explore, and realize the genius of Ms. Riggs' creation.
Three bedrooms Four bathrooms Two half bathrooms
One bedroom, one bathroom pool house
Four carports Four garages One workshop
This legacy property is a once-in-a-lifetime opportunity to be the next steward of this magnificent Montecito estate.
Last Agent to Sell the Property
Jeff Oien
Village Properties - 1 License #00852118 Listed on: 10/09/2020
Last Buyer's Agent
Patrice Serrani
Capital Lending Group
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $159,701
Year Built
- Built in 1959
Lot Details
- 4.13 Acre Lot
- Gated Home
- Fruit Trees
- Wooded Lot
- Lawn
- Property is in average condition
Property Views
- Ocean
- Mountain
Home Design
- Contemporary Architecture
- Stucco
Interior Spaces
- 8,743 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Formal Dining Room
- Home Office
- Library
- Home Security System
- Gas Dryer Hookup
- Basement
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
Parking
- Detached Garage
- 8 Open Parking Spaces
- 4 Carport Spaces
- Parking available for a boat
Outdoor Features
- Outdoor Pool
- Covered Patio or Porch
- Separate Outdoor Workshop
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating System
- Septic System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 007-240-024
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 9, 2023
Sold by
Cjr Montecito Llc
Bought by
Lost Valley Llc
Current Estimated Value
Purchase Details
Closed on
May 3, 2023
Sold by
Cjr Montecito Trust and Mccaw Susan Rasinski
Bought by
Cjr Montecito Llc
Purchase Details
Listed on
Oct 9, 2020
Closed on
Oct 21, 2020
Sold by
Mufg Union Bank Na
Bought by
Schnabel Susan and The Cjr Montecito Trust
Seller's Agent
Jeff Oien
Village Properties - 1
Buyer's Agent
Patrice Serrani
Capital Lending Group
List Price
$7,500,000
Sold Price
$9,500,000
Premium/Discount to List
$2,000,000
26.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.82%
Purchase Details
Closed on
May 19, 2008
Sold by
Macdougall Louise
Bought by
Macdougall Stewart
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lost Valley Llc | $9,006,500 | Chicago Title Company | |
| Cjr Montecito Llc | -- | Chicago Title Company | |
| Schnabel Susan | $9,500,000 | Fidelity National Title Co | |
| Macdougall Stewart | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/26/2020 10/26/20 | Sold | $9,500,000 | +26.7% | $1,087 / Sq Ft |
| 10/21/2020 10/21/20 | Pending | -- | -- | -- |
| 10/09/2020 10/09/20 | For Sale | $7,500,000 | -- | $858 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $159,701 | $16,225,395 | $8,220,720 | $8,004,675 |
| 2023 | $159,701 | $9,915,795 | $7,813,000 | $2,102,795 |
| 2022 | $102,609 | $9,690,000 | $7,650,000 | $2,040,000 |
| 2021 | $98,992 | $9,500,000 | $7,500,000 | $2,000,000 |
| 2020 | $9,067 | $784,617 | $224,164 | $560,453 |
| 2019 | $8,076 | $769,233 | $219,769 | $549,464 |
| 2018 | $7,919 | $754,151 | $215,460 | $538,691 |
| 2017 | $7,785 | $739,365 | $211,236 | $528,129 |
| 2016 | $7,599 | $724,869 | $207,095 | $517,774 |
| 2014 | $7,382 | $699,997 | $199,990 | $500,007 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2020
Susan Pate
Compass
(805) 895-9385
4 in this area
18 Total Sales
-
P
Buyer's Agent in 2020
Patrice Serrani
Capital Lending Group
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-3964
APN: 007-240-024
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