NOT LISTED FOR SALE

61 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $3,891,000 - $4,297,000

3 Beds
2.5 Baths
2,093 Sq Ft
$930/mo HOA Fee

Last Sold September 27, 2024

Last sale price $3,850,000 $1,839 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $23,881/month

Highlights

  • Property is near an ocean
  • Updated Kitchen
  • Mountain View
  • Santa Barbara Senior High School Rated A-
  • Reverse Osmosis System
  • Property is near park, public transit, schools, shops, and bus stop

About This Home

As of September 2024

Sold Off-Market. This luxury townhome, steps from Butterfly Beach and Lower Village of Montecito. The secluded end unit blends classic architecture with modern comforts. An 8 ft glass/iron front door opens to a spacious living room with one of three fireplaces. Custom Spanish tile floors adorn the downstairs, while solid walnut floors grace the upstairs. Coffered ceilings, arched doors, and a built-in booth dining area. French doors lead to wrap-around private gardens featuring a Spanish fountain, built-in BBQ, and two seating areas. Red brick paths and an outdoor fireplace for year-round entertaining. The home offers 3 bedrooms and 2.5 baths; the primary bedroom includes a cedar walk-in closet and jacuzzi tub. The kitchen featuring Subzero and Viking appliances, and custom cabinetry.

Last Agent to Sell the Property

Amy Baird

Village Properties License #01497110 Listed on: 09/27/2024

Last Buyer's Agent

Emily Kellenberger

Village Properties License #01397913 | 02047418 | 02133758 | 02150975

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1995

Lot Details

  • End Unit
  • Back Yard Fenced
  • Property is in excellent condition

HOA Fees

  • $930 Monthly HOA Fees

Parking

  • Direct Access Garage

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,093 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Double Pane Windows
  • Family Room
  • Dining Area
  • Home Office
  • Mountain Views
  • Finished Attic
  • Home Security System

Kitchen

  • Updated Kitchen
  • Microwave
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Property is near an ocean
  • Patio
  • Built-In Barbecue

Location

  • Property is near park, public transit, schools, shops, and bus stop

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 009-690-008

Community Details

Overview

  • Association fees include insurance, comm area maint, exterior maint
  • 10 Hedgerow Subdivision
  • Greenbelt

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1995

Lot Details

0

HOA Fees

$930 per month

Listing Details

  • Association Fee: 930
  • Directions: Exit 101 Fwy at Olive Mill Road. Turn right towards the Biltmore.
  • Prop. Type: Residential
  • Year Built: 1995
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Security Camera, Security System, Smoke Detector(s)
  • Reso Association Amenities: Greenbelt
  • Reso Association Fee Includes: Insurance, Comm Area Maint, Exterior Maint
  • Subdivision Name: 10 - Hedgerow
  • Architectural Style: Spanish
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1995
  • Property Information Total #Units: 1
  • 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 ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Dining Area2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Security Security Camera2: Yes
  • Proximity Near Bus: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • CondoCO-OPPUD Attached7: Yes
  • Laundry In Unit2: Yes
  • AssocPark Amenities Greenbelt2: Yes
  • Site Improvements Cable TV3: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • Style Spanish2: Yes
  • Rooms:Den: Yes
  • CondoCO-OPPUD End Unit: Yes
  • Amenities Finished Attic2: Yes
  • Fireplace(s) 24: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Rev Osmosis, Washer, Wtr Softener/Owned
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: 2+

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Topography: Level
  • Common Walls: End Unit
  • Exterior Features: Patio Open, Fenced: ALL, Fenced: BCK
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Interior Access

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 009-690-008
  • Zoning: R-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Sep 16, 2024
Sold by
Tarlton Properties Llc
Bought by
Gray Farm Trust and Desmarteau
Seller's Agent
Amy Baird
Village Properties
Buyer's Agent
Emily Kellenberger
Village Properties
List Price
$3,850,000
Sold Price
$3,850,000
Current Estimated Value
$4,006,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,566
Avg. Annual Appreciation
3.07%
Original Mortgage
$2,650,000
Outstanding Balance
$2,615,529
Interest Rate
5.69%
Mortgage Type
New Conventional
Estimated Equity
$1,391,037

Purchase Details

Listed on
Feb 12, 2020
Closed on
Mar 4, 2020
Sold by
West Gregory Gordon
Bought by
Tarlton Properties Llc
Seller's Agent
Wendy Gronsky
Keller Williams Realty Santa Barbara
Buyer's Agent
Amy Baird
RE/MAX Santa Barbara
List Price
$2,395,000
Sold Price
$2,260,000
Premium/Discount to List
-$135,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Nov 3, 2009
Sold by
Mclaughlin Edward H and Mclaughlin Denise B
Bought by
West Kevin Reed and Gordon Colleen Ann

Purchase Details

Closed on
Oct 16, 2001
Sold by
Oliver Steven W and Oliver Susan P
Bought by
Mclaughlin Edward H and Mclaughlin Denise B

Purchase Details

Closed on
Nov 24, 1998
Sold by
Murdoch Rita Susan
Bought by
Oliver Steven W and Oliver Susan P

Purchase Details

Closed on
Jul 8, 1998
Sold by
Chil G Boris and Sawyer Andrew T
Bought by
Murdoch Rita Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
4.35%

Purchase Details

Closed on
Jun 11, 1996
Sold by
Luria and Luria Dunn
Bought by
Chill G Boris and Sawyer Andrew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.01%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gray Farm Trust $3,850,000 Fidelity National Title
Tarlton Properties Llc $2,260,000 Fidelity National Title Co
West Gregory Gordon -- None Available
West Kevin R -- None Available
West Kevin R -- None Available
West Kevin Reed -- Chicago Title Company
Mclaughlin Edward H $940,000 Fidelity National Title Co
Oliver Steven W -- Equity Title Company
Murdoch Rita Susan -- Equity Title Company
Chill G Boris -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Farm Trust $2,650,000
Previous Owner Murdoch Rita Susan $492,000
Previous Owner Chill G Boris $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2024 09/27/24 Sold $3,850,000 0.0% $1,839 / Sq Ft
09/27/2024 09/27/24 For Sale $3,850,000 +70.4% $1,839 / Sq Ft
03/13/2020 03/13/20 Sold $2,260,000 -5.6% $1,080 / Sq Ft View Prior Sale
02/18/2020 02/18/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $2,395,000 -- $1,144 / 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 $25,757 $3,850,000 $1,900,000 $1,950,000
2023 $25,757 $2,375,661 $1,471,649 $904,012
2022 $24,835 $2,329,081 $1,442,794 $886,287
2021 $24,319 $2,283,413 $1,414,504 $868,909
2020 $15,075 $1,386,839 $737,681 $649,158
2019 $14,791 $1,359,647 $723,217 $636,430
2018 $14,515 $1,332,988 $709,037 $623,951
2017 $14,233 $1,306,852 $695,135 $611,717
2016 $13,824 $1,281,228 $681,505 $599,723
2015 $13,561 $1,261,984 $671,269 $590,715
2014 -- $1,237,264 $658,120 $579,144
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3220

Santa Barbara Multiple Listing Service

APN: 009-690-008