NOT LISTED FOR SALE

5517 Somerset Dr Santa Barbara, CA 93111

East Goleta Valley Neighborhood

Estimated Value: $1,449,525 - $1,573,000

3 Beds
2 Baths
1,238 Sq Ft
$1,224/Sq Ft Est. Value

Last Sold November 25, 2024

Last sale price $1,500,000 $1,212 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,550/month

3 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Ranch Style House
  • Kellogg Elementary School Rated A
  • Wooded Lot
  • No HOA

About This Home

As of November 2024

Situated on a quiet, non-traffic street, this move-in ready home features fresh interior/exterior paint, and luxury vinyl plank floors throughout. The recent full sewer line replacement under the slab, plus new roof totals 73,000 of peace of mind. The bright, airy living spaces are perfect for entertaining or unwinding, while the single-level design ensures ease of living. Customize the kitchen or baths to your liking! Attached double garage and a prime location near the desirable Kellogg Elementary School make this a perfect opportunity. Inspected and ready for you to call home! This home gives you access to excellent schools, parks, shopping, and dining. With all the essentials in place for immediate move-in, this property is the perfect canvas for making your dream home a reality.

Last Agent to Sell the Property

Scott Williams

Berkshire Hathaway HomeServices California Properties License #00628741 Listed on: 10/25/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Hristo Hristov

Berkshire Hathaway HomeServices California Properties License #01978598

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,695

Year Built

  • Built in 1961

Lot Details

  • 7,405 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Wooded Lot
  • Drought Tolerant Landscaping
  • Property is in excellent condition

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,238 Sq Ft Home
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Area
  • Attic or Crawl Hatchway Insulated
  • Property Views

Kitchen

  • Breakfast Bar
  • Double Oven
  • Built-In Gas Oven
  • Built-In Gas Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Accessible Home Design

  • Stepless Entry

Outdoor Features

  • Property is near an ocean
  • Covered patio or porch
  • Gazebo

Location

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

Schools

  • Kellogg Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Vented Exhaust Fan
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 069-153-010
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,695

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Directions: Take the 101 North and exit Right on Patterson Ave. Left on Calle Real, Right on Kellogg Ave, and Right on Somerset Dr.
  • Prop. Type: Residential
  • Year Built: 1961
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, In Garage
  • ResoLotFeatures: Level, Near Public Transit
  • Architectural Style: Ranch
  • Reso Flooring: Laminate, Tile
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs)
  • New Construction: No
  • Reso Property Condition: Excellent, Good, Average
  • Property Information Year Built2: 1961
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Kellogg
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Drought Tolerant LND2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Breakfast Bar2: Yes
  • Dining Dining Area2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1238.0
  • Exterior BrickStone: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Appliances Included Built-In Gas Range: Yes
  • Fireplace(s) Gas8: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • ParkingGarage Total # Uncovered Spaces: 2.0
  • Laundry In Garage2: Yes
  • FlrWdw Coverings Laminate2: Yes
  • Site Improvements Cable TV3: Yes
  • Laundry Gas Hookup2: Yes
  • Construction Materials AtticCrawl Hatchway(s) Insulated: Yes
  • Proximity Near Hospital2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Appliances Included Vented Exhaust Fan: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Condition Average2: Yes
  • ParkingGarage Unc #22: Yes
  • Cooling None8: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Built-In Gas Range, Built-In Gas Oven, Disposal, Double Oven, Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas, LR
  • Total Bedrooms: 6
  • Appliances Included:Double Oven2: Yes
  • Appliances Included:Built-In Gas Oven: Yes

Exterior Features

  • Roof: Composition
  • View: Setting
  • Construction Type: Brick/Stone, Stucco
  • Acres: 0.17
  • Topography: Level
  • Exterior Features: Other, Patio Covered, Gazebo, Wooded, Fenced: BCK, Fenced: PRT, Drought Tolerant LND
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Gar #2, Unc #2, Interior Access, Attached, Other

Utilities

  • Cooling: None
  • Heating: Forced Air
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Goleta Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Other
  • Association: No

Schools

  • Elementary School: Kellogg
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 069-153-010
  • Zoning: R-1
  • Lot Size Sq Ft: 7405.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Nov 15, 2024
Sold by
Beverly A Bower Revocable Trust and Bower Jay
Bought by
Michael A Holmstrom 2024 Trust and Holmstrom
Seller's Agent
Scott Williams
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Hristo Hristov
Berkshire Hathaway HomeServices California Properties
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Views
25
Current Estimated Value
$1,492,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,559
Avg. Annual Appreciation
1.54%
Original Mortgage
$1,100,000
Outstanding Balance
$1,091,609
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$424,022

Purchase Details

Closed on
Mar 28, 2006
Sold by
Bower Beverly A
Bought by
Bower Beverly A
Source: Public Records

Range of Values:

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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
Michael A Holmstrom 2024 Trust $1,500,000 Fidelity National Title
Michael A Holmstrom 2024 Trust $1,500,000 Fidelity National Title
Bower Beverly A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael A Holmstrom 2024 Trust $1,100,000
Closed Michael A Holmstrom 2024 Trust $1,100,000
Previous Owner Bower Beverly A $100,500
Previous Owner Bower Beverly A $115,000
Previous Owner Bower Beverly A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $1,500,000 +3.4% $1,212 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $1,450,000 -- $1,171 / 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 $3,695 $1,500,000 $800,000 $700,000
2023 $3,695 $293,334 $133,334 $160,000
2022 $3,585 $287,583 $130,720 $156,863
2021 $3,530 $281,945 $128,157 $153,788
2020 $3,449 $279,055 $126,843 $152,212
2019 $3,393 $273,584 $124,356 $149,228
2018 $3,317 $268,220 $121,918 $146,302
2017 $3,254 $262,962 $119,528 $143,434
2016 $3,150 $257,807 $117,185 $140,622
2014 $3,102 $248,961 $113,164 $135,797
Source: Public Records

Agents Affiliated with this Home

  • Scott Williams

    Seller's Agent in 2024

    Scott Williams

    Berkshire Hathaway HomeServices California Properties

    (805) 451-9300

    3 in this area

    58 Total Sales

    Section Image
  • Hristo Hristov

    Buyer's Agent in 2024

    Hristo Hristov

    Berkshire Hathaway HomeServices California Properties

    (805) 284-8471

    5 in this area

    41 Total Sales

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3529

Santa Barbara Multiple Listing Service

APN: 069-153-010

California Santa Barbara County Santa Barbara 93111 East Goleta Valley

5517 Somerset Dr, Santa Barbara, CA

This home is located at 5517 Somerset Dr, Santa Barbara, CA 93111 since 25 October 2024 and is currently estimated at $1,515,631, approximately $1,224 per square foot. This property was built in 1961. 5517 Somerset Dr is a home located in Santa Barbara County with nearby schools including Kellogg Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

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