NOT LISTED FOR SALE

669 Picacho Ln Santa Barbara, CA 93108

Estimated Value: $6,089,000 - $7,923,811

2.1 Acres
$3,325,573 Price per Acre
91,476 Sq Ft Lot

Last Sold July 19, 2019

Last sale price $4,250,000

Est. 64% increase in value since last sale

Current estimated payment $40,210/month

72 Days on Market

Highlights

  • Ocean View
  • 2.1 Acre Lot
  • Level Lot
  • Santa Barbara Senior High School Rated A-
  • Property is near public transit, shops, and bus stop

About This Lot

As of July 2019

Marvel at the expansive ocean and mountain views from this approx. 2-acre estate site on premier Picacho Lane, moments from Montecito's Upper Village and the coveted San Ysidro Ranch. A private lane leads to a gated entry, where the building site awaits the realization of a custom estate. Whether you see yourself in a Mediterranean estate, a modern farmhouse, or have always wanted your own version of the San Ysidro Ranch, this blank canvas can facilitate your wishlist. With one of the most exclusive addresses in all of Montecito, utilities already on site, and one of the last remaining ocean view parcels, this is an opportunity that may never be seen again.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 03/27/2019

Last Buyer's Agent

Daniel Encell

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Lot Details

  • 2.1 Acre Lot
  • Level Lot
  • Flag Lot

Property Views

  • Ocean
  • Mountain

Location

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

Schools

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

Utilities

  • Gas Available
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 011-130-009

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: East Valley Rd to Picacho Ln. Turn left on lane and go to the very end. Property is gated and locked.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level, Flag Lot, Near Public Transit
  • Property Information Apx # Acres: 2.1
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • LocationTopo Level: Yes
  • Site Improvements Util At Site: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • ViewOcean: Yes
  • LocationTopo Flag Lot2: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean
  • Acres: 2.1
  • Topography: Level

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 011-130-009
  • Zoning: Other
  • Lot Size Sq Ft: 91476.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2019
Closed on
Jul 19, 2019
Sold by
Shapiro John A and Shapiro Megan H
Bought by
Platt Jennifer C
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Daniel Encell
Berkshire Hathaway HomeServices California Properties
List Price
$4,950,000
Sold Price
$4,250,000
Premium/Discount to List
-$700,000
-14.14%
Current Estimated Value
$6,983,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,733,703
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Sep 4, 2007
Sold by
Nigro James
Bought by
Shapiro John A and Shapiro Megan H

Purchase Details

Closed on
Sep 25, 2006
Sold by
Nigro Judith
Bought by
Nigro James

Purchase Details

Closed on
Sep 18, 2006
Sold by
Moreau Maria J
Bought by
Nigro James

Purchase Details

Closed on
Jul 19, 2006
Sold by
Moreau Jean J and Moreau Maria J
Bought by
Moreau Maria J

Purchase Details

Closed on
Mar 20, 2006
Sold by
Moreau Jean J and Moreau Maria J
Bought by
Moreau Jean J and Moreau Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,370,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2005
Sold by
Moreau Jean J and Moreau Maria J
Bought by
Moreau Jean J and Moreau Maria J

Purchase Details

Closed on
Dec 21, 2001
Sold by
J M Moreau Llc
Bought by
Moreau Jean J and Moreau Maria J

Purchase Details

Closed on
Aug 22, 2000
Sold by
Moreau Fam Tr 7-3-89 Moreau Jean J & Maria J
Bought by
J M Moreau Llc

Purchase Details

Closed on
May 9, 2000
Sold by
Picacho Moreau Ltd Partnership
Bought by
Moreau Jean J and Moreau Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,019
Interest Rate
8.22%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 14, 1999
Sold by
Moreau Jean J and Moreau Maria J
Bought by
Picacho Moreau Ltd Partnership

Purchase Details

Closed on
Feb 7, 1997
Sold by
Moreau Jean J and Moreau Maria J
Bought by
Moreau Jean J and Moreau Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Interest Rate
5.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Platt Jennifer C $4,250,000 Chicago Title Company
Shapiro John A -- Lawyers Title Company
Nigro James -- United General Title Ins Co
Nigro James $4,750,000 United General Title Ins Co
Moreau Maria J -- Accommodation
Moreau Jean J $47,500 Lawyers Title Company
Moreau Jean J -- --
Moreau Jean J -- --
Moreau Jean J -- --
Moreau Jean J -- --
J M Moreau Llc -- Fidelity National Title
Moreau Jean J -- Fidelity National Title Co
Picacho Moreau Ltd Partnership -- --
J M Moreau Llc -- --
Moreau Jean J -- --
Moreau Jean J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moreau Jean J $2,370,000
Previous Owner Moreau Jean J $429,019
Previous Owner Moreau Jean J $950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $4,250,000 -14.1% --
06/07/2019 06/07/19 Pending -- -- --
03/27/2019 03/27/19 For Sale $4,950,000 -- --
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 $47,338 $6,647,992 $4,668,311 $1,979,681
2023 $47,338 $4,467,506 $4,414,949 $52,557
2022 $45,762 $4,379,909 $4,328,382 $51,527
2021 $44,798 $4,294,029 $4,243,512 $50,517
2020 $44,350 $4,250,000 $4,200,000 $50,000
2019 $40,199 $3,887,000 $3,887,000 $0
2018 $42,313 $4,092,000 $4,092,000 $0
2017 $42,427 $4,092,000 $4,092,000 $0
2016 $40,025 $3,897,000 $3,897,000 $0
2014 $37,590 $3,639,000 $3,639,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2019

    Robert Riskin

    Village Properties

    (805) 698-0199

    138 in this area

    207 Total Sales

    Robert Riskin
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Encell

    Berkshire Hathaway HomeServices California Properties

  • Dan Encell

    Buyer's Agent in 2019

    Dan Encell

    Berkshire Hathaway HomeServices California Properties

    (805) 677-2013

    34 in this area

    110 Total Sales

    Dan Encell
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-1002

Santa Barbara Multiple Listing Service

APN: 011-130-009

California Santa Barbara County Santa Barbara 93108

669 Picacho Ln, Santa Barbara, CA

Not Listed for Sale

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