NOT LISTED FOR SALE

701 Park Ln Santa Barbara, CA 93108

Estimated Value: $3,678,000 - $4,961,054

1.59 Acres
$2,772,179 Price per Acre
69,260 Sq Ft Lot

Last Sold October 07, 2020

Last sale price $2,900,000 $1,069 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $25,396/month

16 Days on Market

Highlights

  • Mountain View
  • Property is near park and shops
  • Level Lot
  • Santa Barbara Senior High School Rated A-

About This Lot

As of October 2020

Near the famed San Ysidro Ranch and Montecito's most desirable hiking trails rests this mountain view estate site poised for a resurgence and ready to begin a new chapter. Tucked away off a long drive, this 1.58-acre property rests on a tranquil, creek-side, oak-studded parcel in an A+ Montecito location with towering mountain views.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 08/26/2020

Last Buyer's Agent

Gregg Leach

Village Properties License #01005773

Property Details

Property Type

  • Land

Lot Details

  • 1.59 Acre Lot
  • Level Lot
  • Property is zoned E-1

Schools

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

Utilities

  • Gas Available
  • Septic System

Additional Features

  • Mountain Views
  • Property is near park and shops

Listing and Financial Details

  • Assessor Parcel Number 007-120-044

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: East Valley to Park Lane.
  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level
  • Property Information Apx # Acres: 1.59
  • 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
  • Utility Info Sewer: Yes
  • WaterSewer Sewer Avail: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near Shopping2: Yes
  • WaterSewer Septic In: Yes
  • View Setting3: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Setting
  • Acres: 1.59
  • 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 #: 007-120-044
  • Zoning: E-1
  • Lot Size Sq Ft: 69260.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 7, 2020
Sold by
701 Park Lane Llc
Bought by
Macfarlane John L and Macfarlane Patricia W
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Gregg Leach
Village Properties
List Price
$2,995,000
Sold Price
$2,900,000
Premium/Discount to List
-$95,000
-3.17%
Current Estimated Value
$4,407,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,507,764
Avg. Annual Appreciation
8.24%

Purchase Details

Closed on
Jul 2, 2009
Sold by
Le Van Elna B
Bought by
701 Park Lane Llc

Purchase Details

Closed on
Jul 6, 1994
Sold by
Levan Elna B and Tennis Elna B
Bought by
Levan Elna B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Macfarlane John L $2,900,000 Chicago Title Company
701 Park Lane Llc -- Chicago Title Company
Levan Elna B -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $2,900,000 -3.2% $1,069 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $2,995,000 -- $1,104 / 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 $30,898 $3,030,809 $3,030,809 --
2023 $30,898 $2,913,120 $2,913,120 $0
2022 $29,887 $2,856,000 $2,856,000 $0
2021 $30,292 $2,900,000 $2,800,000 $100,000
2020 $29,638 $2,832,700 $1,652,410 $1,180,290
2019 $28,755 $2,777,158 $1,620,010 $1,157,148
2018 $28,192 $2,722,705 $1,588,246 $1,134,459
2017 $27,714 $2,669,319 $1,557,104 $1,112,215
2016 $26,928 $2,616,980 $1,526,573 $1,090,407
2015 $26,580 $2,577,672 $1,503,643 $1,074,029
2014 -- $2,527,180 $1,474,189 $1,052,991
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2020

    Robert Riskin

    Village Properties

    (805) 698-0199

    139 in this area

    210 Total Sales

    Robert Riskin
    Section Image
  • Gregg Leach

    Buyer's Agent in 2020

    Gregg Leach

    Village Properties

    (805) 886-9000

    6 in this area

    49 Total Sales

    Gregg Leach
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-3350

Santa Barbara Multiple Listing Service

APN: 007-120-044

California Santa Barbara County Santa Barbara 93108

701 Park Ln, Santa Barbara, CA

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes