$3,250,000
SOLD SEP 15, 2023

504 Hodges Ln Santa Barbara, CA 93108

2 Beds
1.5 Baths
840 Sq Ft
0.46 Acres

Recently Sold

$3,869 Per Sq Ft

7% Below List Price

65 Days on Market

Highlights

  • Property is near an ocean
  • View of Trees or Woods
  • Wooded Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • Wood Flooring

About This Home

As of September 2023

This property is a true hidden gem, brimming with potential, and nestled in the heart of Montecito, exuding an Old-Montecito charm with its enchanting sandstone walls and majestic oak canopies. Situated on a spacious, flat, and roughly 0.5-acre parcel, 504 Hodges Lane offers two compelling structures in fixer condition.With stunning plans included by local architect Chris Dentzel, the path to creating your dream home has never been clearer. Embrace the opportunity to develop your dream estate, ensuring a space that reflects your unique style and vision.At 504 Hodges Lane, convenience is at your fingertips. With the delightful Upper Village just around the corner, indulge in the finest shopping, dining, and entertainment options Montecito offers.

Last Agent to Sell the Property

Tyler Kallenbach

Village Properties License #02021945 Listed on: 09/08/2023

Last Buyer's Agent

Bartron Real Est Group

Berkshire Hathaway HomeServices California Properties License #01005021 / 01950975 / 00966870 / 01976075

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,119

Year Built

  • Built in 1944

Lot Details

  • 0.46 Acre Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces

Home Design

  • Fixer Upper
  • Slab Foundation

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Wood Flooring
  • Views of Woods

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Property is near an ocean
  • Separate Outdoor Workshop

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

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

Community Details

  • 2 Units
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 011-220-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,119

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 1944
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Subdivision Name: Other
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Work Shop
  • Reso Property Condition: Fixer
  • Property Information Year Built2: 1944
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 0.46
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Unc #4: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 840.0
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Fireplace(s) Family Room3: Yes
  • GroundsLandscaping Wooded4: Yes
  • Other Buildings Work Shop2: Yes
  • ParkingGarage Detached: Yes
  • ParkingGarage Total # Uncovered Spaces: 4.0
  • Condition Fixer2: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room

Exterior Features

  • View: Wooded
  • Acres: 0.46
  • Topography: Level
  • Exterior Features: Wooded
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Parking Features: Gar #2, Unc #4, Detached

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 011-220-018
  • Zoning: R-1
  • Lot Size Sq Ft: 20037.6
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Sep 12, 2023
Sold by
Hodges Lane Llc
Bought by
Zippelius Family Trust and Zippelius
Seller's Agent
Tyler Kallenbach
Village Properties
Buyer's Agent
Bartron Real Est Group
Berkshire Hathaway HomeServices California Properties
List Price
$3,495,000
Sold Price
$3,250,000
Premium/Discount to List
-$245,000
-7.01%
Views
279
Current Estimated Value
$5,092,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,842,893
Avg. Annual Appreciation
27.32%

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 23, 2022
Sold by
Country Club Lifestyle 1 Llc
Bought by
Hodges Lane Llc
Seller's Agent
George Logan
22 West Realtors
Buyer's Agent
George Logan
Sotheby's International Realty
List Price
$3,400,000
Sold Price
$3,000,000
Premium/Discount to List
-$400,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$2,625,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2013
Sold by
Amiri Kamran and Amiri Firouzeh
Bought by
Amiri Kamran and Amiri Firouzeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2006
Sold by
Shelkhan Karim and Shelkhan Homa
Bought by
Amiri Kamran and Amiri Firouzeh

Purchase Details

Closed on
May 18, 2005
Sold by
Luning Eugene L
Bought by
Amiri Kamran and Amiri Firouzeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,250,000 Fidelity National Title Compan
Grant Deed $3,450,000 Chicago Title
Interfamily Deed Transfer -- First American Title Company
Quit Claim Deed $825,000 Lawyers Title Company
Grant Deed -- First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,625,000 New Conventional
Previous Owner $672,000 New Conventional
Previous Owner $1,146,500 Unknown
Previous Owner $200,000 Credit Line Revolving
Previous Owner $1,125,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $3,250,000 -7.0% $3,869 / Sq Ft
09/10/2023 09/10/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $3,495,000 0.0% $4,161 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $3,495,000 +16.5% $4,161 / Sq Ft
06/12/2022 06/12/22 Off Market $3,000,000 -- --
06/10/2022 06/10/22 Sold $3,000,000 -11.8% $3,650 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $3,400,000 -- $4,136 / 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
2023 $35,119 $3,278,000 $2,613,000 $665,000
2022 $18,236 $1,606,000 $1,376,000 $230,000
2021 $14,893 $1,285,000 $1,101,000 $184,000
2020 $13,689 $1,168,000 $1,001,000 $167,000
2019 $13,599 $1,168,000 $1,001,000 $167,000
2018 $14,227 $1,229,000 $1,053,000 $176,000
2017 $14,160 $1,229,000 $1,053,000 $176,000
2016 $13,365 $1,170,000 $1,003,000 $167,000
2014 $12,427 $1,092,000 $936,000 $156,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-1983

Santa Barbara Multiple Listing Service

APN: 011-220-018