M
Seller's Agent in 2020
Maureen McDermut
Sotheby's International Realty
(805) 570-5545
27 in this area
89 Total Sales
703 Park Ln Santa Barbara, CA 93108
Estimated Value: $8,040,000 - $11,227,455
6
Beds
6.5
Baths
5,175
Sq Ft
$1,797/Sq Ft
Est. Value
Highlights
- Outdoor Pool
- Updated Kitchen
- Maid or Guest Quarters
- Santa Barbara Senior High School Rated A-
- Mountain View
- Fireplace in Primary Bedroom
About This Home
As of July 2020Enter through the iron gates, off of one of Montecito's most revered streets...Park Lane. The seemingly endless, private drive unfurl this spectacular and published Spanish Colonial Revival gem. You will step back in time, as you approach the remodeled home, inspired by George Washington Smith, one of Santa Barbara's most beloved architects. The home is perfectly placed on the 1 acre plus parcel, in the heart of the Golden Quadrangle and has been newly remodeled with meticulous attention to detail. Quality and craftsmanship abound in the hand-painted ceilings, vintage mahogany doors and hardware, Tecate glazed geometric designed terra cotta floor with imported, reclaimed tile accents. Santa Barbara screen doors beckon you from all living areas to the mature gardens and grounds, featuring hand carved stone patios and ancient oak trees. Notice the unique Spanish, heavy-stacked red tile roof. This stunning 5Bd, 6 Ba home offers a charming, timeless design with all the modern technology and conveniences one would expect. The kitchen alone will make you swoon, featuring not one, but two La Cornue gas ranges, stylish and secret pantry, vast kitchen island accessorized with beautiful Calcutta marble counter tops and a refrigerator/freezer you won't soon forget. Each of the five bedrooms has a private bath, a spacious walk-in closet, and separate access to outdoor living spaces. The master bedroom welcomes you with a vaulted ceiling, elegant plaster fireplace and carved beams that instantly affirm you have found your haven. Step outside and indulge in the mountain views, take a dip in the pool, make a wood fired pizza, and admire your own personal, private sanctuary. The detached three car garage houses an additional laundry facility downstairs and a 1 Bd guest suite upstairs with a private deck and oversized, full bathroom. As a bonus, even the chicken coop echos the architectural details of the home. This expansive compound has undeniable soul and magic. Bring your electric vehicle to charge when you show!
Last Agent to Sell the Property
Sotheby's International Realty License #01175027 Listed on: 06/25/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $72,964
Year Built
- Built in 1965
Lot Details
- 1.09 Acre Lot
- Gated Home
- Level Lot
- Lawn
- Drought Tolerant Landscaping
- Property is in excellent condition
Parking
- Detached Garage
Home Design
- Spanish Architecture
- Tile Roof
- Stucco
Interior Spaces
- 5,175 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Living Room with Fireplace
- Formal Dining Room
- Home Office
- Tile Flooring
- Mountain Views
Kitchen
- Updated Kitchen
- Breakfast Bar
- Built-In Double Oven
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- Remodeled Bathroom
- Maid or Guest Quarters
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Outdoor Pool
- Fireplace in Patio
- Patio
- Built-In Barbecue
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Property is near schools
- Forced Air Heating System
Listing and Financial Details
- Exclusions: Other
- Assessor Parcel Number 007-120-043
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 5, 2021
Sold by
Niman Grant and Felder 2008 Irrevocable Trust
Bought by
Niman Grant and Jnf 2008 Descendants
Current Estimated Value
Purchase Details
Listed on
Jun 25, 2020
Closed on
Jul 20, 2020
Sold by
Whited Ronald and Whited Tara
Bought by
Schneider Nicholas J
Seller's Agent
Maureen McDermut
Sotheby's International Realty
Buyer's Agent
Maurie McGuire
Sotheby's International Realty
List Price
$6,385,000
Sold Price
$6,500,000
Premium/Discount to List
$115,000
1.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Purchase Details
Listed on
Apr 1, 2013
Closed on
Dec 3, 2013
Sold by
Rassner Lisa A and Weiss Mark F
Bought by
Whited Ronald and Whited Tara
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Susan Burns
Sotheby's International Realty
List Price
$4,300,000
Sold Price
$3,050,000
Premium/Discount to List
-$1,250,000
-29.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Original Mortgage
$2,287,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 5, 2008
Sold by
Rassner Liza A and Weiss Mark F
Bought by
Rassner Liza A and Weiss Mark F
Purchase Details
Closed on
Aug 25, 2008
Sold by
Weiss Mark F
Bought by
Rassner Liza A
Purchase Details
Closed on
Jul 27, 2005
Sold by
Frank James A and Frank Marcha L
Bought by
Rassner Liza A and Weiss Mark F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,675,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 7, 1994
Sold by
Raschke Susan
Bought by
Frank James A and Frank Marsha L
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Niman Grant | -- | None Available | |
| Schneider Nicholas J | $6,500,000 | Chicago Title Company | |
| Whited Ronald | $3,050,000 | Chicago Title Company | |
| Rassner Liza A | -- | Chicago Title Company | |
| Rassner Liza A | -- | Chicago Title Company | |
| Weiss Mark F | -- | Chicago Title Company | |
| Rassner Liza A | -- | Fidelity National Title Co | |
| Frank James A | $1,600,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Whited Ronald | $1,516,000 | |
| Previous Owner | Whited Ronald | $2,287,500 | |
| Previous Owner | Whited Ronald | $2,287,500 | |
| Previous Owner | Rassner Liza A | $500,000 | |
| Previous Owner | Rassner Liza A | $250,000 | |
| Previous Owner | Rassner Liza A | $115,000 | |
| Previous Owner | Rassner Liza A | $2,675,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2020 07/22/20 | Sold | $6,500,000 | +1.8% | $1,256 / Sq Ft |
| 07/01/2020 07/01/20 | Pending | -- | -- | -- |
| 06/24/2020 06/24/20 | For Sale | $6,385,000 | +109.3% | $1,234 / Sq Ft |
| 12/17/2013 12/17/13 | Sold | $3,050,000 | -29.1% | $578 / Sq Ft |
| 06/04/2013 06/04/13 | Pending | -- | -- | -- |
| 06/04/2012 06/04/12 | For Sale | $4,300,000 | -- | $814 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $72,964 | $7,047,252 | $2,381,350 | $4,665,902 |
| 2023 | $72,964 | $6,762,600 | $2,288,880 | $4,473,720 |
| 2022 | $70,313 | $6,630,000 | $2,244,000 | $4,386,000 |
| 2021 | $68,851 | $6,500,000 | $2,200,000 | $4,300,000 |
| 2020 | $40,010 | $3,710,040 | $2,241,789 | $1,468,251 |
| 2019 | $39,033 | $3,637,295 | $2,197,833 | $1,439,462 |
| 2018 | $38,296 | $3,565,977 | $2,154,739 | $1,411,238 |
| 2017 | $35,662 | $3,311,547 | $2,112,490 | $1,199,057 |
| 2016 | $33,674 | $3,158,380 | $2,071,069 | $1,087,311 |
| 2014 | $32,535 | $3,050,000 | $2,000,000 | $1,050,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Maurie McGuire
Sotheby's International Realty
(805) 403-8816
9 in this area
32 Total Sales
-
S
Buyer Co-Listing Agent in 2020
Scott Westlotorn
Coldwell Banker Realty
-
Seller's Agent in 2013
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
(805) 450-6233
124 in this area
244 Total Sales
-
Seller Co-Listing Agent in 2013
Linos Kogevinas
Berkshire Hathaway HomeServices California Properties
(805) 677-2013
-
S
Buyer's Agent in 2013
Susan Burns
Sotheby's International Realty
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-2343
APN: 007-120-043
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