NOT LISTED FOR SALE

705 Park Ln Santa Barbara, CA 93108

Estimated Value: $7,815,000 - $9,316,000

5 Beds
5.5 Baths
5,319 Sq Ft
$1,629/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $4,330,000 $814 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $50,447/month

7 Days on Market

Highlights

  • Updated Kitchen
  • Fruit Trees
  • Maid or Guest Quarters
  • Santa Barbara Senior High School Rated A-
  • Mountain View
  • Fireplace in Primary Bedroom

About This Home

As of April 2016

Marvel at purple mountain sunsets from this charming country home on Montecito’s coveted Park Lane. The inviting floor plan offers 4 beautiful and gracious bedrooms, fantastic eat-in kitchen opening to a wonderful family room, and a detached guest suite. Sport court and 1 acre of park-like grounds are the epitome of fine Montecito living.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 03/23/2016

Last Buyer's Agent

Marsha Kotlyar

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $54,672

Year Built

  • Built in 1951

Lot Details

  • 1.01 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Fruit Trees
  • Lawn
  • Property is in good condition
  • Property is zoned E-1

Home Design

  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,319 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Mountain Views
  • Home Security System

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Uncovered Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 007-090-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$54,672

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Directions: from East Valley Rd, north on Park Lane. Home on left.
  • Prop. Type: Residential
  • Year Built: 1951
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security System
  • Architectural Style: Other
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1951
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.01
  • 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 Within City Limits: No
  • Roof:Composition: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Laundry Laundry Room2: 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
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Condition Good2: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • ParkingGarage Detached: Yes
  • Foundation Raised: Yes
  • Cooling Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Double Oven, Dryer, Microwave, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, 2+, Gas, LR
  • Total Bedrooms: 8
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 1.01
  • Topography: Level
  • Exterior Features: Patio Open, Lawn, Fruit Trees, Fenced: PRT
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2, Unc #4, Detached

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: 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 #: 007-090-024
  • Zoning: E-1
  • Lot Size Sq Ft: 43995.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2017
Sold by
Melnick Peter R
Bought by
Melnick Peter R
Current Estimated Value
$8,381,666

Purchase Details

Listed on
Mar 23, 2016
Closed on
Apr 19, 2016
Sold by
Daugherty William M and Daugherty Alexandra Metaska
Bought by
Melnick Peter R
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Marsha Kotlyar
Berkshire Hathaway HomeServices California Properties
List Price
$4,450,000
Sold Price
$4,330,000
Premium/Discount to List
-$120,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%

Purchase Details

Closed on
May 24, 2000
Sold by
Daugherty William L
Bought by
Daugherty Wiliam and Daugherty Alexandra

Purchase Details

Closed on
Aug 26, 1998
Sold by
Scott Tyler and Scott Sandra
Bought by
Metaksa Daugherty William M and Metaksa Daugherty Alexandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
4.62%
Source: Public Records

Range of Values:

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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
Melnick Peter R -- None Available
Melnick Peter R $4,330,000 Chicago Title Company
Daugherty Wiliam -- Chicago Title Co
Metaksa Daugherty William M -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daugherty William M $1,500,000
Previous Owner Daugherty William M $2,000,000
Previous Owner Daugherty William M $2,000,000
Previous Owner Daugherty William M $550,000
Previous Owner Metaksa Daugherty William M $1,720,000
Previous Owner Tyler Samuel $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2016 04/22/16 Sold $4,330,000 -2.7% $814 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $4,450,000 -- $837 / 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 $54,672 $5,239,619 $2,007,855 $3,231,764
2023 $54,672 $5,036,161 $1,929,889 $3,106,272
2022 $52,793 $4,937,414 $1,892,049 $3,045,365
2021 $51,703 $4,840,602 $1,854,950 $2,985,652
2020 $51,190 $4,790,968 $1,835,930 $2,955,038
2019 $50,036 $4,697,029 $1,799,932 $2,897,097
2018 $49,085 $4,604,932 $1,764,640 $2,840,292
2017 $47,163 $4,416,600 $1,632,000 $2,784,600
2016 $34,540 $3,236,010 $1,324,317 $1,911,693
2015 $33,909 $3,187,403 $1,304,425 $1,882,978
2014 $33,348 $3,124,968 $1,278,874 $1,846,094
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2016

    Robert Riskin

    Village Properties

    (805) 698-0199

    144 in this area

    215 Total Sales

    Section Image
  • Marsha Kotlyar

    Buyer's Agent in 2016

    Marsha Kotlyar

    Berkshire Hathaway HomeServices California Properties

    (805) 565-4015

    35 in this area

    69 Total Sales

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-954

Santa Barbara Multiple Listing Service

APN: 007-090-024

California Santa Barbara County Santa Barbara 93108

705 Park Ln, Santa Barbara, CA

This home is located at 705 Park Ln, Santa Barbara, CA 93108 since 23 March 2016 and is currently estimated at $8,665,286, approximately $1,629 per square foot. This property was built in 1951. 705 Park Ln is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Our Lady of Mount Carmel School.

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