NOT LISTED FOR SALE

565 Picacho Ln Santa Barbara, CA 93108

Estimated Value: $6,394,000 - $11,340,980

6 Beds
6 Baths
3,092 Sq Ft
$2,840/Sq Ft Est. Value

Last Sold August 20, 2013

Last sale price $4,750,000 $1,536 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $55,062/month

109 Days on Market

Highlights

  • Guest House
  • Updated Kitchen
  • Fruit Trees
  • Santa Barbara Senior High School Rated A-
  • 2 Acre Lot
  • Mountain View

About This Home

As of August 2013

An idyllic setting and location with two expansive, park-like acres on Montecito’s prestigious Picacho Lane in the heart of the Golden Quadrangle. Enter through iron gates (3 separate entries) down an olive lined drive to this storybook property. Massive specimen trees, sprawling lawns, mountain views, lush gardens and an impeccable, light-filled one story home w/ charming 2bd/2ba cottage await.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 03/14/2013

Last Buyer's Agent

Non Member Agent

Non Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87,653

Year Built

  • Built in 1937

Lot Details

  • 2 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Home Design

  • Cottage
  • Stucco

Interior Spaces

  • 3,092 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Mountain Views

Kitchen

  • Updated Kitchen
  • Stove
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Remodeled Bathroom
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • Garage
  • Uncovered Parking

Location

  • Property is near public transit
  • 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

  • Forced Air Heating System
  • Sewer Stub Out

Additional Features

  • Patio
  • Guest House

Listing and Financial Details

  • Assessor Parcel Number 011-180-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,653

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Directions: East Valley Rd, Picacho Ln, on the left side.
  • Prop. Type: Residential
  • Year Built: 1937
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Gate:Elec
  • Subdivision Name: Other
  • Architectural Style: Cal Cottage
  • Reso Flooring: Carpet, Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1937
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.0
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Amenities Guest House2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ParkingGarage Detached: Yes
  • ParkingGarage Gar #12: Yes
  • Dining In Living Room2: Yes
  • Assessor's Data Assessor Year Built: 1937.0
  • Assessor's Data Assessor Lot Acres: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Dryer, Gas Stove, Microwave
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Fireplace Features: LR
  • Total Bedrooms: 10

Exterior Features

  • Roof: Other
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 2.0
  • Topography: Level
  • Exterior Features: Patio Open, Lawn, Fruit Trees, Yard Irrigation PRT, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #1, Gar #3, Unc #4, Attached, Detached

Utilities

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

Schools

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

Lot Info

  • Parcel #: 011-180-021
  • Zoning: Other
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2016
Sold by
Saville Patrick J
Bought by
Saville Patrick J
Current Estimated Value
$8,781,995

Purchase Details

Listed on
Mar 14, 2013
Closed on
Aug 13, 2013
Sold by
Saville Lynda M
Bought by
Saville Patrick J
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$4,950,000
Sold Price
$4,750,000
Premium/Discount to List
-$200,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$2,500,000
Outstanding Balance
$1,273,834
Interest Rate
4.33%
Mortgage Type
New Conventional
Estimated Equity
$8,989,537

Purchase Details

Listed on
Mar 14, 2013
Closed on
Aug 7, 2013
Sold by
Lupoli Peter N and Lupoli Kristi K
Bought by
Saville Patrick J
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$4,950,000
Sold Price
$4,750,000
Premium/Discount to List
-$200,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$1,273,834
Interest Rate
4.33%
Mortgage Type
New Conventional
Estimated Equity
$8,989,537
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
Saville Patrick J -- None Available
Saville Patrick J -- Chicago Title Company
Saville Patrick J $4,631,500 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saville Patrick J $2,500,000
Previous Owner Lupoli Peter N $1,736,000
Previous Owner Lupoli Peter N $900,000
Previous Owner Lupoli Peter $800,000
Previous Owner Lupoli Peter N $600,000
Previous Owner Lupoli Peter N $200,000
Previous Owner Lupoli Peter N $920,000
Previous Owner Lupoli Peter N $785,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2013 08/20/13 Sold $4,750,000 -4.0% $1,536 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
03/14/2013 03/14/13 For Sale $4,950,000 -- $1,601 / 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 $87,653 $8,469,261 $3,951,116 $4,518,145
2023 $87,653 $8,101,178 $3,797,692 $4,303,486
2022 $84,659 $7,942,332 $3,723,228 $4,219,104
2021 $54,737 $5,055,033 $3,629,146 $1,425,887
2020 $50,263 $4,620,403 $3,593,729 $1,026,674
2019 $40,901 $3,750,396 $3,351,696 $398,700
2018 $54,238 $5,043,435 $3,285,977 $1,757,458
2017 $53,207 $4,944,546 $3,221,547 $1,722,999
2016 $51,567 $4,847,595 $3,158,380 $1,689,215
2015 $50,631 $4,774,781 $3,110,939 $1,663,842
2014 $49,321 $4,631,250 $3,000,000 $1,631,250
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2013

    Robert Riskin

    Village Properties

    (805) 698-0199

    143 in this area

    215 Total Sales

    Robert Riskin
    Section Image

  • N

    Buyer's Agent in 2013

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-855

Santa Barbara Multiple Listing Service

APN: 011-180-021

California Santa Barbara County Santa Barbara 93108

565 Picacho Ln, Santa Barbara, CA

This home is located at 565 Picacho Ln, Santa Barbara, CA 93108 since 14 March 2013 and is currently estimated at $8,781,995, approximately $2,840 per square foot. This property was built in 1937. 565 Picacho Ln is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Our Lady of Mount Carmel School.

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