NOT LISTED FOR SALE

497 Drexel Dr Santa Barbara, CA 93103

Riviera Neighborhood

Estimated Value: $3,019,000 - $3,838,000

4 Beds
4 Baths
2,403 Sq Ft
$1,415/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $2,470,000 $1,028 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $20,560/month

1 Day on Market

Highlights

  • Ocean View
  • Guest House
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • Pool House
  • Maid or Guest Quarters

About This Home

As of March 2019

This is a rare opportunity to own a unique ocean view compound on a private half acre at the end of a coveted cul-de-sac on the Upper Riviera. The light-filled single level home, private guest/pool house, separate studio and resort-like pool/spa/waterfall all showcase panoramic ocean, city & harbor views. Irresistible outdoor spaces include various view terraces, private patios & gardens, tropical landscaping and flourishing fruit trees.

Last Agent to Sell the Property

Chris Palme

Coldwell Banker Realty Listed on: 03/01/2019

Last Buyer's Agent

Brian Goldsworthy

The Channel Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1971

Lot Details

  • 20,037 Sq Ft Lot
  • Partially Fenced Property
  • Fruit Trees
  • Property is in excellent condition

Parking

  • Garage

Property Views

  • Ocean
  • Panoramic
  • City

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 2,403 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Area
  • Home Security System
  • Laundry Room

Kitchen

  • Built-In Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Pool

  • Pool House
  • Outdoor Pool
  • Spa

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating System
  • Tankless Water Heater

Additional Features

  • Solar Heating System
  • Fireplace in Patio
  • Guest House
  • City Lot

Community Details

  • 15 Riviera/Upper Subdivision

Listing and Financial Details

  • Assessor Parcel Number 019-340-044

Home Details

Home Type

Single Family

Year Built

Built in 1971

Lot Details

0.46 Acres

Listing Details

  • Directions: APS to Las Alturas to Drexel.
  • Prop. Type: Residential
  • Year Built: 1971
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoSecurityFeatures: Security System
  • Subdivision Name: 15 - Riviera/Upper
  • Architectural Style: Other
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1971
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.46
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Panoramic2: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Property Information Apx Lot SqFt: 20037.0
  • GroundsLandscaping Fenced PRT: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • ViewOcean: Yes
  • Appliances Included OvenBltin: Yes
  • Fireplace(s) Patio3: Yes
  • View City4: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Tankless Water Heater, Oven/Bltin, Dishwasher
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Other, 2+, LR, Patio
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Metal
  • View: Ocean, City, Panoramic
  • Construction Type: Stucco
  • Acres: 0.46
  • Exterior Features: Pool, Pool House, SPA-Outside, Fruit Trees, Fenced: PRT
  • Foundation Details: Mixed
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: Forced Air, Solar
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes
  • Heating:Solar: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 019-340-044
  • Zoning: Other
  • Lot Size Sq Ft: 20037.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Mar 21, 2019
Sold by
Hopkins Micael J and Hopkins Mary Lee
Bought by
Martin Reay David G and Martin Reay Suzanne M
Seller's Agent
Chris Palme
Coldwell Banker Realty
Buyer's Agent
Brian Goldsworthy
The Channel Group
List Price
$2,495,000
Sold Price
$2,470,000
Premium/Discount to List
-$25,000
-1%
Current Estimated Value
$3,401,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$931,404
Avg. Annual Appreciation
4.67%
Original Mortgage
$1,000,000
Outstanding Balance
$877,379
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$2,524,025

Purchase Details

Closed on
Dec 14, 2017
Sold by
Hopkins Michael and Hopkins Mary Lee
Bought by
Hopkins Michael J and Hopkins Mary Lee

Purchase Details

Closed on
Aug 13, 2015
Sold by
Hopkins Mary Lee
Bought by
Hopkins Michael and Hopkins Mary Lee

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
3.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2002
Sold by
Hopkins Michael
Bought by
Hopkins Mary Lee

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
6.17%

Purchase Details

Closed on
Apr 1, 2002
Sold by
Hopkins Michael
Bought by
Hopkins Mary Lee

Purchase Details

Closed on
Sep 12, 1996
Sold by
Hopkins Mary Lee
Bought by
Hopkins Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.87%
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
Martin Reay David G $2,470,000 Chicago Title Company
Hopkins Michael J -- None Available
Hopkins Michael -- Chicago Title Company
Hopkins Mary Lee -- First American Title Co
Hopkins Mary Lee -- --
Hopkins Mary Lee -- --
Hopkins Michael -- Continental Lawyers Title Co
Hopkins Michael $450,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Reay David G $1,000,000
Previous Owner Hopkins Michael $500,000
Previous Owner Hopkins Mary Lee $550,000
Previous Owner Hopkins Michael $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2019 03/29/19 Sold $2,470,000 -1.0% $1,028 / Sq Ft
03/02/2019 03/02/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $2,495,000 -- $1,038 / 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 $28,619 $2,755,328 $1,673,277 $1,082,051
2023 $28,619 $2,648,337 $1,608,302 $1,040,035
2022 $27,612 $2,596,410 $1,576,767 $1,019,643
2021 $26,977 $2,545,500 $1,545,850 $999,650
2020 $26,699 $2,519,400 $1,530,000 $989,400
2019 $9,526 $887,020 $401,500 $485,520
2018 $9,390 $869,628 $393,628 $476,000
2017 $9,080 $852,577 $385,910 $466,667
2016 $8,907 $835,861 $378,344 $457,517
2015 $8,809 $823,306 $372,661 $450,645
2014 -- $807,180 $365,362 $441,818
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris Palme

    Coldwell Banker Realty

  • B

    Buyer's Agent in 2019

    Brian Goldsworthy

    The Channel Group

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-654

Santa Barbara Multiple Listing Service

APN: 019-340-044

California Santa Barbara County Santa Barbara 93103 Riviera

497 Drexel Dr, Santa Barbara, CA

Not Listed for Sale

Detached

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