NOT LISTED FOR SALE

710 Picacho Ln Santa Barbara, CA 93108

Estimated Value: $8,499,000 - $9,264,000

5 Beds
8 Baths
10,477 Sq Ft
$848/Sq Ft Est. Value

Last Sold September 04, 2018

Last sale price $15,850,000 $1,513 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $65,107/month

300 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Pool House
  • Santa Barbara Senior High School Rated A-
  • Tennis Courts
  • Updated Kitchen

About This Home

As of September 2018

Resting on 3.6 stunning acres at the end of a private drive off coveted Picacho Ln, this sophisticated newly renovated estate features sweeping ocean, island & mountain views. The perfect estate for those seeking privacy & incredible views. This A+ location is minutes to the upper village & features a guest house, pool with cabana, tennis court & chic interiors. Truly the best Montecito offers.

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 10/10/2017

Last Buyer's Agent

Marsha Kotlyar Estate Group

Berkshire Hathaway HomeServices California Properties License #01426886

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $190,973

Year Built

  • Built in 1996

Lot Details

  • 3.6 Acre Lot
  • Fenced
  • Interior Lot
  • Level Lot
  • Flag Lot
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Panoramic
  • Mountain

Home Design

  • Mediterranean Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 10,477 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Home Gym
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • <<builtInOvenToken>>
  • <<builtInRangeToken>>
  • Stove
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Intercom
  • Fire and Smoke Detector

Parking

  • Direct Access Garage
  • Uncovered Parking

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Tennis Courts
  • Deck
  • Covered patio or porch
  • Built-In Barbecue

Additional Homes

  • Guest House

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Sewer Stub Out
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 011-140-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$190,973

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Directions: From East Valley Road turn onto Picacho Lane, home will be on right.
  • Prop. Type: Residential
  • Year Built: 1996
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: 220V Elect, Laundry Room
  • ResoLotFeatures: Level, Rolling Slope, Flag Lot, Interior Lot, Sloped Down, Near Public Transit
  • ResoSecurityFeatures: Security Camera, Security System, Fire Alarm
  • Subdivision Name: Other
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1996
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 3.6
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Rolly2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • ParkingGarage Unc #4: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • WaterSewer Sewer Hookup: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 10477.0
  • Construction Two Story2: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Amenities Guest House2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Security Security Camera2: Yes
  • WaterSewer Pvt Well In: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • GroundsLandscaping Tennis Court(s)3: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • Security Fire Alarm2: Yes
  • Laundry:_two_20V Elect2: Yes
  • LocationTopo Downslope2: Yes
  • Site Improvements Cable TV3: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Gar #4: Yes
  • Rooms LbryStudy: Yes
  • WaterSewer Meter In: Yes
  • GroundsLandscaping Pool House2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • LocationTopo Flag Lot2: Yes
  • Assessor's Data Assessor Year Built: 1996.0
  • Assessor's Data Assessor Lot Acres: 3.52
  • Appliances Included Intercom2: Yes
  • LocationTopo Interior2: Yes
  • Appliances Included TV Antenna2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Rnge/Blt-In, Dishwasher, Disposal, Dryer, Gas Stove, Intercom, Microwave, TV Antenna, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Dining Room, 2+, Gas, LR
  • Total Bedrooms: 10
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Panoramic
  • Construction Type: Stucco
  • Acres: 3.6
  • Topography: Downslope, Rolly, Level
  • Exterior Features: Tennis Court(s), Pool, Pool House, Deck, Patio Open, Patio Covered, Hot Tub, Lawn, Fruit Trees, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #4, Unc #4, Interior Access, Attached, Detached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Radiant Floor
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Meter In, Private, Mont Wtr
  • Heating:Forced Air: Yes
  • Heating:Radiant Floor: 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 #: 011-140-025
  • Zoning: Other
  • Lot Size Sq Ft: 156816.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2017
Closed on
Aug 22, 2018
Sold by
Glazer Edward S and Glazer Shari P
Bought by
710 Picacho Lane Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Marsha Kotlyar Estate Group
Berkshire Hathaway HomeServices California Properties
List Price
$17,900,000
Sold Price
$15,850,000
Premium/Discount to List
-$2,050,000
-11.45%
Current Estimated Value
$8,881,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,968,500
Avg. Annual Appreciation
-8.09%
Original Mortgage
$9,510,000
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 21, 2015
Sold by
Nigro James and Minardi Judith
Bought by
Glazer Community Property Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 5, 2002
Sold by
Nigro Judith
Bought by
Nigro James and Nigro Judith

Purchase Details

Closed on
Jul 6, 1999
Sold by
Nigro James
Bought by
Nigro Judith
Source: Public Records

Range of Values:

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Average Value
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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
710 Picacho Lane Llc $15,850,000 Chicago Title Co
Glazer Community Property Trust $15,000,000 Chicago Title Company
Nigro James -- --
Nigro Judith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 710 Picacho Lane Llc $8,000,000
Closed 710 Picacho Lane Llc $8,000,000
Closed 710 Picacho Lane Llc $2,600,000
Closed 710 Picacho Lane Llc $10,000,000
Closed 710 Picacho Lane Llc $9,510,000
Previous Owner Glazer Community Property Trust $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2018 09/04/18 Sold $15,850,000 -11.5% $1,513 / Sq Ft
08/06/2018 08/06/18 Pending -- -- --
10/10/2017 10/10/17 For Sale $17,900,000 -- $1,709 / 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
2023 $190,973 $17,894,399 $8,359,564 $9,534,835
2022 $176,712 $16,876,177 $8,211,632 $8,664,545
2021 $170,820 $16,334,489 $7,986,895 $8,347,594
2020 $0 $51,000 $51,000 $0
2019 $557 $50,000 $50,000 $0
2018 $858 $79,218 $79,218 $0
2017 $844 $77,665 $77,665 $0
2016 $865 $76,143 $76,143 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3414

Santa Barbara Multiple Listing Service

APN: 011-140-036