NOT LISTED FOR SALE

56 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $2,854,000 - $3,899,000

3 Beds
3 Baths
1,883 Sq Ft
$950/ mo HOA Fee

Last Sold October 28, 2024

Last sale price $2,850,000 $1,514 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $20,865/month

20 Days on Market

Highlights

  • Property is near an ocean
  • Fireplace in Primary Bedroom
  • Direct Access Garage
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit, schools, shops, and bus stop
  • Restaurant

About This Home

As of October 2024

Discover unparalleled charm in this newly reimagined 3 bed/3 bath Montecito Del Mar townhouse, perfectly situated in the coveted Lower Village/Butterfly Beach neighborhood. This lock-and-leave home offers easy access to the renowned Biltmore Hotel, Rosewood Miramar, Butterfly Beach, and the upscale dining and shopping on Coast Village Road.

Step inside to a spacious living room, where a cozy, tiled fireplace and abundant natural light create a welcoming atmosphere. The well-designed floorplan allows for seamless flow between rooms. The kitchen, equipped with high-quality finishes and top-of-the-line appliances, is a chef's delight.

The primary suite is a sanctuary of comfort, featuring a private balcony overlooking the gardens, an inviting fireplace, and a luxurious ensuite bath - perfect for unwinding at the end of the day.

Two additional bedrooms enhance the home's functionality. One upstairs bedroom boasts an ensuite bath and a large balcony, while the downstairs bedroom offers flexibility for guests or a home office.

The exquisite back patio is a standout feature, designed for ultimate privacy with a tiered brick layout, lush landscaping, multiple entertaining areas, and two fountains that create a serene ambiance. It's the ideal space for hosting family and friends or enjoying a tranquil Montecito day.

Last Agent to Sell the Property

Michael Calcagno

Berkshire Hathaway HomeServices California Properties License #01499736 / 01129919 Listed on: 10/29/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1988

Lot Details

  • Back Yard Fenced
  • Property is in excellent condition

HOA Fees

  • $950 Monthly HOA Fees

Parking

  • Direct Access Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,883 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Dishwasher
  • Laundry in Garage

Bedrooms and Bathrooms

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

Home Security

Schools

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

Additional Features

  • Property is near an ocean
  • Property is near public transit, schools, shops, and bus stop
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 009-620-013
  • Seller Considering Concessions

Community Details

Overview

  • Association fees include insurance, earthquake insurance, comm area maint, exterior maint
  • 14 Buildings
  • 14 Units

Additional Features

  • Restaurant
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1988

Lot Details

0.36 Acres

HOA Fees

$950 per month

Listing Details

  • Association Fee: 950
  • Prop. Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Garage
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Fee Includes: Insurance, Earthquake Insurance, Comm Area Maint, Exterior Maint
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1988
  • Property Information Total #Units: 14
  • Property Information Apx # Acres: 0.36
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Appliances Included Dishwasher3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • Laundry In Garage2: Yes
  • CondoCO-OPPUD Attached7: Yes
  • Fireplace(s) 23: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Primary Bedroom, 2, LR

Exterior Features

  • Roof: Composition
  • Acres: 0.36
  • Exterior Features: Fenced: BCK
  • Foundation Details: Slab

Garage/Parking

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

Utilities

  • Water Source: Mont Wtr

Condo/Co-op/Association

  • Association Fee: 950.0
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 009-620-013
  • Zoning: Other
  • Lot Size Sq Ft: 15681.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2024
Closed on
Oct 15, 2024
Sold by
Gordon Joyce and Remais Eric
Bought by
Tysoe Ronald and Tysoe Arleigh
Seller's Agent
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$2,950,000
Sold Price
$2,850,000
Premium/Discount to List
-$100,000
-3.39%
Current Estimated Value
$3,357,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,054
Avg. Annual Appreciation
10.43%

Purchase Details

Listed on
Jan 17, 2022
Closed on
Feb 1, 2022
Sold by
Ljd4 Llc
Bought by
Gordon Joyce and Remais Eric
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$2,250,000
Sold Price
$2,875,000
Premium/Discount to List
$625,000
27.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.32%

Purchase Details

Closed on
Mar 23, 2010
Sold by
Deluca Valerie and De Luca Jack
Bought by
Ljd4 Llc

Purchase Details

Closed on
Feb 11, 2010
Sold by
Deluca Valerie
Bought by
Deluca Valerie and Deluca Jack

Purchase Details

Closed on
May 22, 2009
Sold by
Deluca Valerie
Bought by
Deluca Valerie

Purchase Details

Closed on
Apr 12, 2002
Sold by
Meiners Frank J and Meiners Joan M
Bought by
Deluca John and Deluca Laurie

Purchase Details

Closed on
Aug 13, 1999
Sold by
Meiners Frank J & Joan M Trustees
Bought by
Meiners Frank J and Meiners Joan M

Purchase Details

Closed on
Aug 28, 1998
Sold by
Meiners Frank J and Meiners Joan M
Bought by
Meiners Frank J and Meiners Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,950
Interest Rate
6.93%

Purchase Details

Closed on
Jul 7, 1998
Sold by
Meiners Frank J and Meiners Joan M
Bought by
Meiners Frank J and Meiners Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,950
Interest Rate
6.93%

Purchase Details

Closed on
Jan 9, 1996
Sold by
Meiners Frank J and Meiners Joan M
Bought by
Meiners Frank J and Meiners Joan M
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
Tysoe Ronald $2,850,000 Fidelity National Title
Gordon Joyce $2,875,000 Fidelity National Title
Ljd4 Llc -- None Available
Deluca Valerie -- None Available
Deluca Valerie -- None Available
Deluca John -- Chicago Title Co
Meiners Frank J -- --
Meiners Frank J -- Stewart Title
Meiners Frank J -- Stewart Title
Meiners Frank J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meiners Frank J $190,950
Previous Owner Meiners Frank J $191,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2024 10/28/24 Sold $2,850,000 0.0% $1,514 / Sq Ft
09/09/2024 09/09/24 Off Market $2,850,000 -- --
08/16/2024 08/16/24 Pending -- -- --
07/26/2024 07/26/24 For Sale $2,950,000 +2.6% $1,567 / Sq Ft
02/08/2022 02/08/22 Sold $2,875,000 +27.8% $1,527 / Sq Ft View Prior Sale
01/24/2022 01/24/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $2,250,000 -- $1,195 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $31,654 $2,850,000 $1,500,000 $1,350,000
2023 $31,654 $2,875,000 $1,500,000 $1,375,000
2022 $14,915 $1,362,380 $696,041 $666,339
2021 $14,612 $1,335,668 $682,394 $653,274
2020 $14,358 $1,317,024 $675,397 $641,627
2019 $14,085 $1,291,201 $662,154 $629,047
2018 $13,823 $1,265,884 $649,171 $616,713
2017 $13,553 $1,241,064 $636,443 $604,621
2016 $13,164 $1,216,730 $623,964 $592,766
2015 $12,910 $1,198,455 $614,592 $583,863
2014 -- $1,174,979 $602,553 $572,426
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    51 in this area

    296 Total Sales

    Michael Calcagno
    Section Image

  • C

    Buyer's Agent in 2024

    Calcagno & Hamilton

    Sotheby's International Realty

  • Dan Encell

    Seller's Agent in 2022

    Dan Encell

    Berkshire Hathaway HomeServices California Properties

    (805) 677-2013

    31 in this area

    107 Total Sales

    Dan Encell
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2476

Santa Barbara Multiple Listing Service

APN: 009-620-013

California Santa Barbara County Santa Barbara 93108

56 Olive Mill Rd, Santa Barbara, CA

Not Listed for Sale

Condos

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