NOT LISTED FOR SALE

655 Parra Grande Ln Montecito, CA 93108

Estimated Value: $7,764,000 - $12,261,038

5 Beds
4 Baths
4,358 Sq Ft
$2,219/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $3,600,000 $826 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $60,343/month

66 Days on Market

Highlights

  • Art Studio
  • River Front
  • Updated Kitchen
  • Cold Spring Elementary School Rated A+
  • Solar Power System
  • Fruit Trees

About This Home

As of August 2012

Farmhouse Style Cottage located in a quiet setting with lush lawns, pond and seasonal creek on approx. 1.45 acres. Recently remodeled kitchen and baths, several quality cosmetic upgrades and red oak hardwood flooring throughout. Spacious family room. Charming detached approx. 681 square foot art studio/guest area with sitting room and full bath.

Last Agent to Sell the Property

Daniel Johnson

Sotheby's International Realty Listed on: 04/24/2012

Last Buyer's Agent

Marcel Fraser

Marcel P. Fraser Realtors License #00691593

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 1.45 Acre Lot
  • Home fronts a stream
  • River Front
  • Gated Home
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,358 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Multiple Fireplaces
  • Gas Fireplace
  • Window Treatments
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Library
  • Art Studio
  • Home Security System
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Double Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Laundry in Garage
  • 220 Volts In Laundry

Parking

  • Attached Garage
  • Driveway

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Stream or River on Lot
  • Patio

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 011-120-010

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

1.45 Acres

Listing Details

  • Directions: Just off Riven Rock. Access is up Hot Springs, left on Riven Rock, 1st left is Parra Grande. Just down from the top 2nd house on the right.
  • Prop. Type: Residential
  • Year Built: 1960
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: River/Stream
  • ResoLaundryFeatures: 220V Elect, In Garage
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Subdivision Name: Other
  • Architectural Style: Other, Cal Cottage
  • Reso Flooring: Hardwood, Marble, T/O
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1960
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.45
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Yard Irrigation TO: 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 Bedroom2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Marble2: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Rooms Art Studio2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Wooded4: Yes
  • LocationTopo RiverStream2: Yes
  • Laundry In Garage2: Yes
  • Laundry:_two_20V Elect2: Yes
  • Site Improvements Cable TV3: Yes
  • GroundsLandscaping Permeable Driveway2: Yes
  • Amenities Solar PV2: Yes
  • Pets Yes: Yes
  • Rooms LbryStudy: Yes
  • Cooling Ceiling Fan(s): Yes
  • Assessor's Data Assessor Year Built: 1952.0
  • Assessor's Data Assessor Lot Acres: 1.45
  • FlrWdw Coverings TO2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Double Oven, Gas Stove, Microwave
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, 2+, Gas, LR
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Composition
  • View: Setting
  • Construction Type: Wood Siding
  • Acres: 1.45
  • Topography: Level
  • Waterfront Features: Stream
  • Waterfront: Yes
  • Exterior Features: Patio Open, Lawn, Fruit Trees, Wooded, Yard Irrigation T/O, Fenced: ALL, Permeable Driveway
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Association/Amenities

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

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 011-120-010
  • Zoning: E-1
  • Lot Size Sq Ft: 63162.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2013
Sold by
Sutter Gary Lee and Sutter Vera J
Bought by
Sutter Gary L and Sutter Vera J
Current Estimated Value
$9,669,010

Purchase Details

Listed on
Apr 24, 2012
Closed on
Aug 7, 2012
Sold by
Boswell John W and Boswell Jennifer M
Bought by
Sutter Gary Lee and Sutter Vera J
Seller's Agent
Daniel Johnson
Sotheby's International Realty
Buyer's Agent
Marcel Fraser
Marcel P. Fraser Realtors
List Price
$3,795,000
Sold Price
$3,600,000
Premium/Discount to List
-$195,000
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$2,520,000
Outstanding Balance
$1,716,590
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$7,952,420

Purchase Details

Closed on
Aug 2, 2005
Sold by
Ein Eva
Bought by
Boswell John W and Boswell Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.64%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 30, 2001
Sold by
Ein Eva
Bought by
Ein Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,118,000
Interest Rate
6.9%

Purchase Details

Closed on
Oct 18, 2001
Sold by
Ein Eva
Bought by
Ein Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,118,000
Interest Rate
6.9%

Purchase Details

Closed on
Jan 21, 1999
Sold by
Ein Eva
Bought by
Ein Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,000
Interest Rate
7.12%

Purchase Details

Closed on
Jan 9, 1997
Sold by
Ein Eva
Bought by
Ein Eva and The Ein Family Trust

Purchase Details

Closed on
Dec 4, 1995
Sold by
Mccullogh Robert L and Mccullough Suzanne
Bought by
Ein Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
7.18%
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
Sutter Gary L -- None Available
Sutter Gary Lee $3,600,000 First American Title Company
Boswell John W -- Fidelity National Title Co
Ein Eva -- --
Ein Eva -- Fidelity National Title Co
Ein Eva -- First American Title
Ein Eva -- First American Title
Ein Eva -- --
Ein Eva -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sutter Gary Lee $2,520,000
Previous Owner Boswell John W $2,000,000
Previous Owner Ein Eva $1,118,000
Previous Owner Ein Eva $993,000
Previous Owner Ein Eva $1,225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2012 08/10/12 Sold $3,600,000 -5.1% $826 / Sq Ft
06/29/2012 06/29/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $3,795,000 -- $871 / 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 $104,107 $10,016,327 $3,009,676 $7,006,651
2023 $104,107 $9,627,382 $2,892,807 $6,734,575
2022 $100,528 $9,438,611 $2,836,086 $6,602,525
2021 $98,422 $9,253,541 $2,780,477 $6,473,064
2020 $96,722 $9,158,658 $2,751,967 $6,406,691
2019 $75,705 $7,104,567 $2,707,811 $4,396,756
2018 $65,761 $6,151,537 $2,489,521 $3,662,016
2017 $53,864 $5,006,917 $2,222,080 $2,784,837
2016 $40,194 $3,744,848 $2,080,471 $1,664,377
2015 $39,563 $3,688,598 $2,049,221 $1,639,377
2014 -- $3,616,344 $2,009,080 $1,607,264
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Daniel Johnson

    Sotheby's International Realty

  • M

    Buyer's Agent in 2012

    Marcel Fraser

    Marcel P. Fraser Realtors

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-1321

Santa Barbara Multiple Listing Service

APN: 011-120-010

California Santa Barbara County Montecito 93108

655 Parra Grande Ln, Montecito, CA

Not Listed for Sale

Detached

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