NOT LISTED FOR SALE

54 Olive Mill Santa Barbara, CA 93108

Estimated Value: $2,733,000 - $3,087,000

3 Beds
2.5 Baths
1,784 Sq Ft
$1,590/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $995,000 $558 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $16,301/month

6 Days on Market

Highlights

  • Property is near an ocean
  • Fireplace in Primary Bedroom
  • Mediterranean Architecture
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit, shops, and bus stop
  • Home Security System

About This Home

As of January 2013

Stunning Oasis of elegance and beauty. Terrific Montecito location. Walking distance to beach & cafes, Biltmore and Coast Village Rd shops. Custom lighting, cherry wood floors, remodled kitchen and baths - A jewel!

Last Agent to Sell the Property

Gayle Lofthus

Village Properties License #01058822 Listed on: 12/12/2012

Last Buyer's Agent

Cecilia Hunt

Village Properties License #00678233

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1989

Lot Details

  • 1,176

HOA Fees

  • $475 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,784 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Home Security System
  • Laundry in Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom

Schools

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

Additional Features

  • Property is near an ocean
  • Property is in good condition
  • Property is near public transit, shops, and bus stop
  • Forced Air Heating System

Community Details

  • Association fees include prop mgmt, comm area maint
  • 14 Buildings
  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 009-620-012

Townhouse Details

Home Type

Townhome

Year Built

Built in 1989

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Association Fee: $475.00
  • Directions: Coast Village Rd, go toward Biltmore on Olive Mill just before railroad tracks turn left down lane, 3rd condo on left.
  • Prop. Type: Residential
  • Year Built: 1989
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Garage
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Security System
  • Reso Association Fee Includes: Prop Mgmt, Comm Area Maint
  • Subdivision Name: Other
  • Architectural Style: Medit, Townhouse
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1989
  • Property Information Total #Units: 14
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Within City Limits: No
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • Proximity Near Ocean2: Yes
  • Dining Dining Area2: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Laundry In Garage2: Yes
  • Style Medit2: Yes
  • Style Townhouse2: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, LR

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco
  • Foundation Details: Slab

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 009-620-012
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Shanley Daniel M
Bought by
Shanley Daniel M and Shanley Linda
Current Estimated Value
$2,836,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$574,654
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$2,261,695

Purchase Details

Listed on
Dec 12, 2012
Closed on
Dec 28, 2012
Sold by
Shanley Linda F
Bought by
Shanley Daniel M
Seller's Agent
Gayle Lofthus
Village Properties
Buyer's Agent
Cecilia Hunt
Village Properties
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.39%
Original Mortgage
$796,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2012
Closed on
Dec 20, 2012
Sold by
Lucie Smith Derek A and Lucie Smith Louisa J
Bought by
Shanley Daniel M
Seller's Agent
Gayle Lofthus
Village Properties
Buyer's Agent
Cecilia Hunt
Village Properties
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2006
Sold by
Ignatius Joseph A and Ignatius Cherie J
Bought by
Lucie Smith Derek A and Lucie Smith Louisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,324,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2002
Sold by
Dicaprio Tamara J
Bought by
Ignatius Joseph A and Ignatius Cherie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$684,000
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 23, 2000
Sold by
Damianos Clarice H
Bought by
Dicaprio Tamara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
8.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1997
Sold by
Carlisle Harry and Carlisle Jane
Bought by
Damianos Clarice H

Purchase Details

Closed on
Sep 30, 1994
Sold by
Cowger Peter R and Cowger Charlana K
Bought by
Brainard Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
8.7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shanley Daniel M -- First American Title Ins Co
Shanley Daniel M -- Fidelity National Title Co
Shanley Daniel M $995,000 Fidelity National Title Co
Lucie Smith Derek A $1,655,000 Fidelity National Title Co
Ignatius Joseph A -- First American Title
Dicaprio Tamara J -- First American Title
Damianos Clarice H $520,000 Lawyers Title Company
Carlisle Harry -- Lawyers Title Company
Brainard Chris -- Lawyers Title Company
Brainard Chris -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanley Daniel M $660,000
Closed Shanley Daniel M $796,000
Previous Owner Lucie Smith Derek A $1,324,000
Previous Owner Ignatius Joseph A $684,000
Previous Owner Dicaprio Tamara J $880,000
Previous Owner Brainard Chris $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $995,000 0.0% $558 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $995,000 -- $558 / 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 $13,160 $1,240,259 $800,423 $439,836
2023 $13,160 $1,177,683 $769,343 $408,340
2022 $12,703 $1,154,592 $754,258 $400,334
2021 $12,446 $1,131,954 $739,469 $392,485
2020 $12,328 $1,120,348 $731,887 $388,461
2019 $12,096 $1,098,382 $717,537 $380,845
2018 $11,872 $1,076,846 $703,468 $373,378
2017 $11,636 $1,055,732 $689,675 $366,057
2016 $11,305 $1,035,032 $676,152 $358,880
2015 $11,074 $1,019,486 $665,996 $353,490
2014 -- $999,517 $652,951 $346,566
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2013

    Gayle Lofthus

    Village Properties

  • C

    Buyer's Agent in 2013

    Cecilia Hunt

    Village Properties

    (805) 895-3834

    4 Total Sales

    Cecilia Hunt
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3720

Santa Barbara Multiple Listing Service

APN: 009-620-012

California Santa Barbara County Santa Barbara 93108

54 Olive Mill, Santa Barbara, CA

Not Listed for Sale

Townhouses

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