NOT LISTED FOR SALE

52 Olive Rd Santa Barbara, CA 93108

Estimated Value: $2,888,000 - $3,833,000

3 Beds
2.5 Baths
1,843 Sq Ft
$1,769/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $2,025,000 $1,099 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $19,590/month

122 Days on Market

Highlights

  • Gourmet Kitchen
  • Two Primary Bedrooms
  • Open Floorplan
  • Santa Barbara Senior High School Rated A-
  • Two Primary Bathrooms
  • Mountain View

About This Home

As of October 2020

This contemporary property has been extensively renovated creating a sophisticated yet relaxed interior, surrounded by a beautifully lush, landscaped gated front entry and terrace. Seamlessly blended with the landscape is an outdoor stone shower, perfect for use after the beach.The open floor plan boasts hardwood floors and a gourmet kitchen adjacent to an inviting family room. A gracious dining area opens to the living room with fireplace and French doors leading to the terrace, all ideal for entertaining.The second level has two luxuriously appointed suites with marble baths. The main suite has a fireplace and views over the terrace. An office and an airy lounge are able to be converted back into a third bedroom. The home lends itself to a lock-and-leave lifestyle, or primary residence. Located near Butterfly Beach, Four Seasons The Biltmore, Coral Casino, and Coast Village Road, the property is exemplary of the Montecito lifestyle.

Last Agent to Sell the Property

Timothy Walsh

Village Properties License #00914713 Listed on: 05/19/2020

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 1,299 Sq Ft Lot
  • End Unit
  • East Facing Home
  • Wood Fence
  • Stucco Fence
  • Drip System Landscaping

HOA Fees

  • $635 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,843 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Skylights
  • Gas Fireplace
  • Plantation Shutters
  • French Doors
  • Formal Entry
  • Family Room on Second Floor
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Office
  • Library
  • Bonus Room
  • Mountain Views
  • Security System Owned

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Double Master Bedroom
  • Converted Bedroom
  • Dressing Area
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Powder Room
  • Double Vanity
  • Bidet
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Open Patio

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Tankless Water Heater
  • Gas Water Heater
  • Water Purifier

Listing and Financial Details

  • Assessor Parcel Number 009-620-011

Community Details

Overview

  • Association fees include building and grounds, insurance, maintenance paid, trash
  • 14 Units
  • Management Trust Association

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1988 | Remodeled

Lot Details

0

HOA Fees

$635 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Combo - Res & Com
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Complex Name: Montecito Del Mar
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 1843
  • Planned Urban Dev: 1
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1988
  • Builders Tract Name: Montecito Del Mar
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Bidet, Common Walls, Open Floor Plan, Turnkey
  • Fireplace Rooms: Gas, Living Room, Master Retreat
  • Flooring: Marble, Wood
  • Appliances: Built-In And Free Standing, Built-In Gas, Cooktop - Gas, Microwave, Oven-Gas, Range Hood
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: 2 Master Bedrooms, All Bedrooms Up, Converted Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Bidet, Double Vanity(s), Low Flow Shower(s), Low Flow Toilet(s), Powder Room, Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Counter / Bar, Dining Area
  • Kitchen Features: Gourmet Kitchen, Open to Family Room, Remodeled, Stone Counters
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer, Water Filter, Built-Ins
  • Fireplace: Yes
  • Price Per S Q F T: 1136.73
  • Windows: Plantation Shutters, Skylights

Exterior Features

  • Balcony: yes
  • Direction Faces: East
  • Construction: Stucco
  • Other Features: French Doors, End Unit, Balcony
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Exposure: E, S, N, W
  • Fence: Stucco Wall, Wood
  • Patio: Balcony, Patio Open
  • Pool: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Direct Entrance, Door Opener, Garage - 2 Car, Garage Is Attached
  • Total Parking: 2

Utilities

  • Volt 220: In Garage, In Laundry
  • Water District: Montecito Water District
  • Water Heater: Tankless, Gas
  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 0
  • Heating: Forced Air
  • Security: Owned, Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Connected and Paid
  • Water: District, Water District

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Building and Grounds, Insurance, Maintenance Paid, Trash
  • HOA Fees: 635.00
  • Management Company: Management Trust
  • HOA: Yes
  • Unit Location: End unit

Association/Amenities

  • Pet Rules: Assoc Pet Rules, Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Drip System
  • Horses: No
  • Assessor Parcel Number: 009-620-011
  • Geocode Override: No
  • Lot Description: Yard
  • Lot Location: Corner Lot
  • Lot Size Area: 1299

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2020
Closed on
Sep 23, 2020
Sold by
Symington Ann Pritzlaff
Bought by
Paradise Cito Llc
Seller's Agent
Timothy Walsh
Village Properties
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,330,000
Sold Price
$2,025,000
Premium/Discount to List
-$305,000
-13.09%
Current Estimated Value
$3,259,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,234,469
Avg. Annual Appreciation
9.47%

Purchase Details

Closed on
Mar 22, 2016
Sold by
Lerman Melvyn and Lerman Elaine
Bought by
Ann Pritzlaff Symington Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 19, 2002
Sold by
Mckinsey Beverlee
Bought by
Lerman Melvyn and Lerman Elaine

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
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 1995
Sold by
Latham Robert and Latham Mary Ann
Bought by
Mckinsey Beverlee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
7.42%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Paradise Cito Llc $2,025,000 Fidelity National Title Co
Ann Pritzlaff Symington Trust $1,425,000 Fidelity National Title Co
Lerman Melvyn -- First American Title
Mckinsey Beverlee $505,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ann Pritzlaff Symington Trust $1,050,000
Previous Owner Lerman Melvyn $500,000
Previous Owner Mckinsey Beverlee $429,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $2,025,000 -3.3% $1,099 / Sq Ft
09/18/2020 09/18/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $2,095,000 -6.9% $1,137 / Sq Ft
06/11/2020 06/11/20 Price Changed $2,250,000 -3.4% $1,221 / Sq Ft
05/19/2020 05/19/20 For Sale $2,330,000 -- $1,264 / Sq Ft
Source: The MLS

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 $22,931 $2,191,924 $1,082,432 $1,109,492
2023 $22,931 $2,106,810 $1,040,400 $1,066,410
2022 $22,114 $2,065,500 $1,020,000 $1,045,500
2021 $21,656 $2,025,000 $1,000,000 $1,025,000
2020 $16,682 $1,542,464 $771,232 $771,232
2019 $16,364 $1,512,220 $756,110 $756,110
2018 $16,058 $1,482,570 $741,285 $741,285
2017 $15,750 $1,453,500 $726,750 $726,750
2016 $11,568 $1,060,737 $623,964 $436,773
2015 $11,334 $1,044,805 $614,592 $430,213
2014 $11,160 $1,024,339 $602,553 $421,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-580888

The MLS

APN: 009-620-011