NOT LISTED FOR SALE

514 Parra Grande Montecito, CA 93108

Estimated Value: $3,265,795 - $3,577,000

2 Beds
3 Baths
-- Sq Ft
0.37 Acres

Last Sold October 31, 2019

Last sale price $1,750,000

Est. 96% increase in value since last sale

Current estimated payment $20,357/month

160 Days on Market

Highlights

  • Art Studio
  • View of Trees or Woods
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • Updated Kitchen
  • Deck

About This Home

As of October 2019

This charming California cottage is located on a picturesque tree-lined street just a short distance to Montecito's Upper and Lower Villages. Recently remodeled, it was built in the 1880's, and the owners added
thoughtfully designed modern conveniences without losing any of the original charm. This two bedroom, three bath home has a bright, open floor plan and large windows. It offers the warmth of hardwood floors, a tranquil décor, and unique architectural features, such as ceiling fans, skylights, custom lighting, crown molding, original baseboards, a cozy stone fire-place, beamed ceilings and wide decks. It is surrounded by lush gardens with high hedges for privacy, and fruit trees - plum, apple, apricot, and orange. There is a detached office building, and a separate garden shed.

Last Agent to Sell the Property

Gary Goldberg

Coastal Properties License #01172139 Listed on: 07/18/2019

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

  • $20,874

Year Built

  • Built in 1880

Lot Details

  • Level Lot
  • Fruit Trees
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Skylights
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Art Studio
  • Sun or Florida Room
  • Wood Flooring
  • Views of Woods

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Stove
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Outdoor Features

  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Shed

Schools

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

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Property is near shops

Listing and Financial Details

  • Assessor Parcel Number 011-171-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,874

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1880
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • ResoLotFeatures: Level
  • Architectural Style: Cal Cottage
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs), Single Story
  • New Construction: No
  • Reso Other Structures: Shed(s), Work Shop
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1880
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Art Studio2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Other Buildings Work Shop2: Yes
  • GroundsLandscaping Deck3: Yes
  • Other Buildings Shed: Yes
  • Laundry:_two_20V Elect2: Yes
  • Site Improvements Cable TV3: Yes
  • Foundation Raised: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Dryer, Gas Stove, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: LR
  • Total Bedrooms: 7
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Composition
  • View: Wooded
  • Construction Type: Wood Siding
  • Topography: Level
  • Exterior Features: Deck, Patio Open, Fruit Trees, Drought Tolerant LND
  • Foundation Details: Raised

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 011-171-016
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2022
Sold by
Hwang Justin and Hwang Caitlin Lucia
Bought by
Hwang Family Trust and Hwang
Current Estimated Value
$3,423,449

Purchase Details

Listed on
Jul 18, 2019
Closed on
Oct 22, 2019
Sold by
Bragg Mitchell A and Bragg Anna T
Bought by
Hwang Justin and Hwang Caitlin Lucia
Seller's Agent
Gary Goldberg
Coastal Properties
Buyer's Agent
Bartron Real Est Group
Berkshire Hathaway HomeServices California Properties
List Price
$1,995,000
Sold Price
$1,750,000
Premium/Discount to List
-$245,000
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Original Mortgage
$950,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2017
Sold by
Bragg Mitchell A and Bragg Anna T
Bought by
Bragg Mitchell A and Bragg Anna T

Purchase Details

Closed on
May 30, 2014
Sold by
Duca Christine
Bought by
Bragg Mitchell A and Bragg Anna T

Purchase Details

Closed on
Jul 21, 2006
Sold by
Friedrichsen Robert L and Friedrichsen Johanna E
Bought by
Perry Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,309,600
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2003
Sold by
Friedrichsen Johanna E and Friedrichsen Robert L
Bought by
Friedrichsen Robert L and Friedrichsen Johanna E

Purchase Details

Closed on
Apr 18, 2003
Sold by
Friedrichsen Johanna E and Friedrichsen Robert L
Bought by
Friedrichsen Robert L and Friedrichsen Johanna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.54%

Purchase Details

Closed on
Apr 23, 2002
Sold by
Friedrichsen Johanna Elisabeth and Tritt Johanna Elisabeth
Bought by
Friedrichsen Robert L and Friedrichsen Johanna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
5.1%
Source: Public Records

Range of Values:

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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
Hwang Family Trust -- None Listed On Document
Hwang Justin $1,750,000 Fidelity National Title Co
Bragg Mitchell A -- None Available
Bragg Mitchell A $1,787,500 Chicago Title Company
Perry Christine -- Fidelity National Title Co
Friedrichsen Robert L -- --
Friedrichsen Robert L -- Fidelity National Title Co
Friedrichsen Robert L -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hwang Justin $350,000
Previous Owner Hwang Justin $1,218,387
Previous Owner Hwang Justin $950,000
Previous Owner Perry Christine $1,320,000
Previous Owner Perry Christine $1,309,600
Previous Owner Friedrichsen Robert L $410,000
Previous Owner Friedrichsen Johanna E $75,000
Previous Owner Friedrichsen Robert L $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2019 10/31/19 Sold $1,750,000 -12.3% --
10/07/2019 10/07/19 Pending -- -- --
04/30/2019 04/30/19 For Sale $1,995,000 -- --
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 $20,874 $1,913,876 $984,279 $929,597
2023 $20,874 $1,839,559 $946,059 $893,500
2022 $20,186 $1,803,490 $927,509 $875,981
2021 $19,786 $1,768,128 $909,323 $858,805
2020 $19,602 $1,750,000 $900,000 $850,000
2019 $21,740 $1,964,310 $1,538,482 $425,828
2018 $21,342 $1,925,795 $1,508,316 $417,479
2017 $20,903 $1,888,036 $1,478,742 $409,294
2016 $20,261 $1,851,017 $1,449,748 $401,269
2014 $19,600 $1,789,133 $1,639,404 $149,729
Source: Public Records

Agents Affiliated with this Home

  • Gary Goldberg

    Seller's Agent in 2019

    Gary Goldberg

    Coastal Properties

    (805) 455-8910

    11 in this area

    109 Total Sales

    Gary Goldberg
    Section Image
  • Bartron Real Est Group

    Buyer's Agent in 2019

    Bartron Real Est Group

    Berkshire Hathaway HomeServices California Properties

    (805) 563-4054

    15 in this area

    225 Total Sales

    Bartron Real Est Group
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-1499

Santa Barbara Multiple Listing Service

APN: 011-171-016

California Santa Barbara County Montecito 93108

514 Parra Grande, Montecito, CA

This home is located at 514 Parra Grande, Montecito, CA 93108 since 18 July 2019 and is currently estimated at $3,423,449. This property was built in 1880. 514 Parra Grande is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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