NOT LISTED FOR SALE

525 Hot Springs Rd Santa Barbara, CA 93108

Estimated Value: $5,404,000 - $8,585,000

2.01 Acres
$3,163,234 Price per Acre
87,556 Sq Ft Lot

Last Sold August 24, 2022

Last sale price $5,100,000 $2,439 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $38,494/month

114 Days on Market

Highlights

  • Property is near an ocean
  • 2.01 Acre Lot
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Mountain View
  • Level Lot

About This Lot

As of August 2022

Dream big in Montecito's Golden Quadrangle! This 2-acre mountain view parcel offers an incredible opportunity to build the estate you've always wanted. Valuable approved/permitted true Santa Barbara style plans designed by Becker, Henson, Niksto (4bd, apx 6000 sq ft residence + pool, cabana and workshop) allow you to begin construction right away & avoid the lengthy 2+year design/approval process. Mature trees, mountain views, a level lot, and an A+ location create a beautiful environment to support the residence. Site prep done by DD Ford is of the highest quality. Just minutes away from many legacy estates, the Upper & Lower Villages, Butterfly Beach, Montecito Union School and some of Santa Barbara's best hiking trails, this is an ideal location for your version of the California Dream!

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 04/30/2021

Last Buyer's Agent

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 04/30/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $55,424

Lot Details

  • 2.01 Acre Lot
  • Lot Dimensions are 175 x 458 x 175 x 478
  • Level Lot
  • Property is zoned E-1

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Additional Features

  • Mountain Views
  • Property is near an ocean
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 011-171-025

Property Details

Property Type

Land

Est. Annual Taxes

$55,424

Lot Details

0

Listing Details

  • Directions: Hot Springs Rd to East Valley Rd. Continue through intersection, property on left, third driveway from corner.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level, Near Public Transit
  • Property Information Apx # Acres: 2.01
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • LocationTopo Level: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 87120.0
  • Proximity Near Bus: Yes
  • View Setting3: Yes
  • Property Information Apx Lot Size FxD: 175 x 458 x 175 x 478
  • WaterSewer Meter In: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Setting
  • Acres: 2.01
  • Topography: Level

Utilities

  • Water Source: Meter In, Mont Wtr

Schools

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

Lot Info

  • Parcel #: 011-171-025
  • Zoning: E-1
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Aug 25, 2022
Sold by
Montecito Sanitary District
Bought by
525 Hot Springs Road Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$5,750,000
Sold Price
$5,100,000
Premium/Discount to List
-$650,000
-11.3%
Current Estimated Value
$6,358,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,258,101
Avg. Annual Appreciation
1.38%

Purchase Details

Listed on
Apr 30, 2021
Closed on
Aug 22, 2022
Sold by
525 Hot Springs Road Llc
Bought by
Hot Springs Road Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$5,750,000
Sold Price
$5,100,000
Premium/Discount to List
-$650,000
-11.3%

Purchase Details

Closed on
Feb 13, 2012
Sold by
Stafford Steve
Bought by
Wu Llc

Purchase Details

Closed on
May 2, 2003
Sold by
Moore Robert L and Moore Doris
Bought by
Massie A M

Purchase Details

Closed on
Feb 26, 2001
Sold by
Moore Robert L and Moore Doris C
Bought by
Moore Robert L and Moore Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.11%
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
525 Hot Springs Road Llc -- --
Hot Springs Road Llc $5,100,000 Chicago Title
Wu Llc -- Fidelity National Title
Massie A M -- Landamerica Lawyers Title
Moore Robert L -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Robert L $400,000
Previous Owner Moore Robert L $329,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2022 08/24/22 Sold $5,100,000 0.0% $2,439 / Sq Ft
08/24/2022 08/24/22 Off Market $5,100,000 -- --
08/10/2022 08/10/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $5,750,000 -- $2,750 / 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
2025 $55,424 $5,306,040 $5,306,040 --
2023 $55,424 $5,100,000 $5,100,000 $0
2022 $36,692 $3,363,771 $3,363,771 $0
2021 $37,053 $3,400,871 $3,297,815 $103,056
2020 $36,673 $3,366,000 $3,264,000 $102,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2022

    Robert Riskin

    Village Properties

    (805) 698-0199

    144 in this area

    217 Total Sales

    Robert Riskin
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-1555

Santa Barbara Multiple Listing Service

APN: 011-171-025

California Santa Barbara County Santa Barbara 93108

525 Hot Springs Rd, Santa Barbara, CA

This home is located at 525 Hot Springs Rd, Santa Barbara, CA 93108 since 30 April 2021 and is currently estimated at $6,358,101, approximately $3,040 per square foot. 525 Hot Springs Rd 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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