NOT LISTED FOR SALE

534 Hot Springs Rd Santa Barbara, CA 93108

Estimated Value: $6,293,656 - $8,632,000

4 Beds
3.5 Baths
3,326 Sq Ft
$2,118/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $1,670,000 $502 Per Sq Ft

Est. 322% increase in value since last sale

Current estimated payment $40,762/month

331 Days on Market

Highlights

  • Fruit Trees
  • Deck
  • Cathedral Ceiling
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit
  • Wood Flooring

About This Home

As of March 2012

Charming country home well sited at the end of a private drive on a flat, usable acre. A four bedroom,3.5 bath home with volume ceilings, hardwood floors, relaxing patios, mature landscaping, privacy, and wonderful mountain views. A convenient location near the Upper Village!

Last Agent to Sell the Property

Dick Mires

Sotheby's International Realty Listed on: 08/25/2011

Co-Listed By

David Mires

Sotheby's International Realty

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $29,359

Year Built

  • Built in 1993

Lot Details

  • 1 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Home Design

  • Cottage
  • Raised Foundation
  • Slate Roof
  • Stucco

Interior Spaces

  • 3,326 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Uncovered Parking

Outdoor Features

  • Deck
  • Patio

Location

  • 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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Underground Utilities
  • Shared Well
  • Sewer Stub Out
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 011-180-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$29,359

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Directions: From East Valley Road turn toward the mountains, 1st driveway on your right past Mt. Carmel, stay to the right, house is on left hand side.
  • Prop. Type: Residential
  • Year Built: 1993
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Security System, Smoke Detector(s)
  • Co List Office Mls Id: sir06
  • Co List Office Phone: 805-963-1391
  • Subdivision Name: Other
  • Architectural Style: Cal Cottage
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1993
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Attached: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Fireplace(s) Family Room3: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Deck3: Yes
  • WaterSewer Shared Well: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Site Improvements Cable TV3: Yes
  • Appliances Included OvenBltin: Yes
  • Foundation Raised: Yes
  • WaterSewer Meter In: Yes
  • Roof Slate2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Assessor's Data Assessor Year Built: 1993.0
  • Assessor's Data Assessor Lot Acres: 1.0
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Trash Compactor, Refrigerator, Oven/Bltin, Dishwasher, Disposal, Dryer, Microwave, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Total Bedrooms: 8
  • Appliances Included:Trash Compactor2: Yes

Exterior Features

  • Roof: Slate
  • Construction Type: Stucco
  • Acres: 1.0
  • Topography: Level
  • Exterior Features: Deck, Patio Open, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: BCK, Fenced: PRT
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Unc #4, Attached

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Meter In, Shared Well, 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 #: 011-180-045
  • Zoning: R-1
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2015
Sold by
Marovic Mario and Marovic Ashlea Esparza
Bought by
Pelican Fund Llc
Current Estimated Value
$7,045,664

Purchase Details

Listed on
Aug 25, 2011
Closed on
Mar 14, 2012
Sold by
Cameros Ann Corbett
Bought by
Marovic Mario and Marovic Ashlea Esparza
Seller's Agent
Dick Mires
Sotheby's International Realty
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$2,495,000
Sold Price
$1,670,000
Premium/Discount to List
-$825,000
-33.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%
Original Mortgage
$1,000,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2009
Sold by
Carneros Ann Corbett
Bought by
Carneros Ann Corbett

Purchase Details

Closed on
Aug 6, 1998
Sold by
Corbett Annette W
Bought by
Northern Trust Bank Of California Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
7.17%

Purchase Details

Closed on
Jun 8, 1998
Sold by
Trust Badish Kenneth M & Halloway Laurie
Bought by
Corbet Annette W and Carneros Ann Corbett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$662,500
Interest Rate
7.17%

Purchase Details

Closed on
Jun 15, 1995
Sold by
Morehart John M and Morehart Frances Scheller
Bought by
Badish Kenneth M and Halloway Laurie J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pelican Fund Llc -- None Available
Marovic Mario $1,670,000 Chicago Title Company
Carneros Ann Corbett -- None Available
Carneros Ann Corbett -- None Available
Northern Trust Bank Of California Na -- --
Corbet Annette W -- Chicago Title Co
Badish Kenneth M -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pelican Fund Llc $1,357,164
Previous Owner Marovic Mario $500,000
Previous Owner Marovic Mario $962,000
Previous Owner Marovic Mario $989,000
Previous Owner Marovic Mario $1,000,000
Previous Owner Corbet Annette W $662,500
Previous Owner Badish Kenneth M $854,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2012 03/30/12 Sold $1,670,000 -33.1% $502 / Sq Ft
01/12/2012 01/12/12 Pending -- -- --
02/15/2011 02/15/11 For Sale $2,495,000 -- $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 $29,359 $2,738,272 $1,507,262 $1,231,010
2023 $29,359 $2,631,943 $1,448,734 $1,183,209
2022 $28,410 $2,580,337 $1,420,328 $1,160,009
2021 $27,261 $2,473,744 $1,392,479 $1,081,265
2020 $25,912 $2,342,477 $1,378,201 $964,276
2019 $25,213 $2,296,547 $1,351,178 $945,369
2018 $24,778 $2,251,518 $1,324,685 $926,833
2017 $23,248 $2,107,371 $1,298,711 $808,660
2016 $19,528 $1,771,934 $1,273,247 $498,687
2015 $19,092 $1,745,319 $1,254,122 $491,197
2014 $18,801 $1,711,132 $1,229,556 $481,576
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 11-567

Santa Barbara Multiple Listing Service

APN: 011-180-045