NOT LISTED FOR SALE

540 Ricardo Ave Santa Barbara, CA 93109

Alta Mesa Neighborhood

Estimated Value: $3,191,000 - $3,762,000

4 Beds
4 Baths
2,350 Sq Ft
$1,494/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $2,925,000 $1,245 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $21,766/month

31 Days on Market

Highlights

  • Ocean View
  • Spa
  • Solar Power System
  • Washington Elementary School Rated A
  • Property is near an ocean
  • Reverse Osmosis System

About This Home

As of October 2022

Enjoy ocean and island views from both levels of this Cape Cod style Mesa home featuring three ensuite bedrooms and a fourth bedroom/office with access to the fourth full bath. Solar water system helps heat the spa and pool, and a solar PV system keeps your electric bill in check. Just two blocks to the Mesa shopping area which includes two grocery stores, several restaurants, coffee shops, CVS, retail and more. Home is in the Washington School attendance area.

Last Agent to Sell the Property

Tim Johnson

Keller Williams Realty Santa Barbara License #01426239 Listed on: 07/16/2022

Keller Williams Realty Santa Barbara

Last Buyer's Agent

Randy Freed & Kellie Clenet

Berkshire Hathaway HomeServices California Properties

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,575

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Back Yard Fenced
  • Irrigation
  • Fruit Trees
  • Property is in good condition
  • Property is zoned E-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Island

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Composition Roof
  • Wood Shingle Exterior
  • Stucco

Interior Spaces

  • 2,350 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Solar Power System
  • Solar Water Heater

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Patio

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
  • City Lot

Schools

  • Washington Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Water Softener is Owned
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 035-131-002

Community Details

Overview

  • La Coronilla No. 2 Community
  • 20 Mesa Subdivision

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,575

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1957
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Road Frontage Type: Easement
  • ResoSecurityFeatures: Other, Smoke Detector(s)
  • Subdivision Name: 20 - Mesa
  • Architectural Style: Cape Cod
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1957
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.16
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 2350.0
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Location Info Development Name: La Coronilla No. 2
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ViewOcean: Yes
  • View Islands: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Amenities Solar PV2: Yes
  • Appliances Included OvenBltin: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • FlrWdw Coverings Wood2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Exterior Wood Shingles: Yes
  • Style Cape Cod2: Yes
  • Appliances Included Solar Hot Wtr: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Bltin, Dishwasher, Disposal, Dryer, Microwave, Rev Osmosis, Solar Hot Wtr, Washer, Wtr Softener/Owned
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, LR

Exterior Features

  • Roof: Composition
  • View: Islands, Ocean
  • Construction Type: Wood Shingles, Stucco
  • Acres: 0.16
  • Exterior Features: Pool, Patio Open, SPA-Outside, Fruit Trees, Yard Irrigation PRT, Fenced: BCK
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Interior Access, Attached

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

  • Elementary School: Washington
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 035-131-002
  • Zoning: E-1
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2022
Closed on
Sep 22, 2022
Sold by
Mayo Andrew and Mayo Jing
Bought by
Wilson Jeremy and Chamberlain Kim
Seller's Agent
Tim Johnson
Keller Williams Realty Santa Barbara
Buyer's Agent
Randy Freed & Kellie Clenet
Berkshire Hathaway HomeServices California Properties
List Price
$3,150,000
Sold Price
$2,925,000
Premium/Discount to List
-$225,000
-7.14%
Current Estimated Value
$3,511,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,796
Avg. Annual Appreciation
5.63%
Original Mortgage
$2,047,500
Outstanding Balance
$1,959,814
Interest Rate
5.13%
Mortgage Type
Balloon
Estimated Equity
$1,469,123

Purchase Details

Closed on
Mar 26, 2010
Sold by
Martin Jeff W and Martin Julie
Bought by
Mayo Andrew and Hu Jing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Wilson Jeremy $2,925,000 Fidelity National Title
Mayo Andrew $1,115,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Jeremy $2,047,500
Previous Owner Mayo Andrew $625,000
Previous Owner Mayo Andrew $679,000
Previous Owner Mayo Andrew $718,000
Previous Owner Mayo Andrew $729,750
Previous Owner Martin Jeffrey W $120,000
Previous Owner Martin Jeff W $90,000
Previous Owner Martin Jeff W $150,000
Previous Owner Martin Jeff W $425,000
Previous Owner Martin Jeff W $348,750
Previous Owner Martin Jeff W $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $2,925,000 0.0% $1,245 / Sq Ft
10/04/2022 10/04/22 Off Market $2,925,000 -- --
08/17/2022 08/17/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $3,150,000 -- $1,340 / 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 $31,575 $3,043,170 $1,768,680 $1,274,490
2023 $31,575 $2,925,000 $1,700,000 $1,225,000
2022 $14,360 $1,356,244 $711,573 $644,671
2021 $14,028 $1,329,652 $697,621 $632,031
2020 $13,883 $1,316,019 $690,468 $625,551
2019 $13,640 $1,290,216 $676,930 $613,286
2018 $13,446 $1,264,918 $663,657 $601,261
2017 $13,000 $1,240,117 $650,645 $589,472
2016 $12,710 $1,215,802 $637,888 $577,914
2014 $11,051 $1,049,000 $550,000 $499,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Johnson

    Seller's Agent in 2022

    Tim Johnson

    Keller Williams Realty Santa Barbara

    (805) 403-6323

    2 in this area

    18 Total Sales

    Tim Johnson
    Section Image
  • Randy Freed & Kellie Clenet

    Buyer's Agent in 2022

    Randy Freed & Kellie Clenet

    Berkshire Hathaway HomeServices California Properties

    (805) 895-1799

    5 in this area

    103 Total Sales

    Randy Freed & Kellie Clenet
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-2415

Santa Barbara Multiple Listing Service

APN: 035-131-002

California Santa Barbara County Santa Barbara 93109 Alta Mesa

540 Ricardo Ave, Santa Barbara, CA

This home is located at 540 Ricardo Ave, Santa Barbara, CA 93109 since 16 July 2022 and is currently estimated at $3,511,796, approximately $1,494 per square foot. This property was built in 1957. 540 Ricardo Ave is a home located in Santa Barbara County with nearby schools including Washington Elementary School, La Cumbre Junior High School, and Olive Grove Charter - Santa Barbara.

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