NOT LISTED FOR SALE

Estimated Value: $3,269,000 - $5,352,429

5 Beds
4.5 Baths
4,775 Sq Ft
$942/Sq Ft Est. Value

Last Sold July 10, 2012

Last sale price $1,525,000 $319 Per Sq Ft

Est. 195% increase in value since last sale

Current estimated payment $25,620/month

124 Days on Market

Highlights

  • Outdoor Pool
  • Panoramic View
  • Property is near a park
  • Foothill Elementary School Rated A
  • 1 Acre Lot
  • Mediterranean Architecture

About This Home

As of July 2012

Grand Mediterranean home in the desirable Oakcrest community boasts nearly 4,800 sq ft on 1 acre. This custom-built home features unique arches and columns, Saltillo tile floors, and numerous windows encapsulating an abundance of natural light and panoramic mountain views. Fantastic outdoor entertaining spaces including patios, lawn and lap pool. A wonderfully spacious home in a private setting.

Last Agent to Sell the Property

Lorie Bartron

Berkshire Hathaway HomeServices California Properties License #01005021 Listed on: 05/11/2012

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Anthony Ibarra

Century 21 Hometown Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,936

Year Built

  • Built in 1992

Lot Details

  • 1 Acre Lot
  • Dog Run
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Attached Garage

Property Views

  • Panoramic
  • Mountain

Home Design

  • Mediterranean Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,775 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Double Pane Windows
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Outdoor Pool
  • Patio

Location

  • Property is near a park
  • Property near a hospital
  • Property is near schools
  • Property is near shops

Schools

  • Foothill Elementary School
  • Lacolina Middle School
  • San Marcos High School

Utilities

  • Forced Air Heating System

Community Details

  • Oakcrest Community

Listing and Financial Details

  • Exclusions: Chandelier
  • Assessor Parcel Number 059-312-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,936

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1992
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1992
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Foothill
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Tile3: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Wet Bar2: Yes
  • Property Information Apx Lot SqFt: 43560.0
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Oakcrest
  • Roof:Tile2: Yes
  • GroundsLandscaping Dog Run2: Yes
  • Proximity Near Hospital2: Yes
  • Style Medit2: Yes
  • Assessor's Data Assessor Year Built: 1992.0
  • Assessor's Data Assessor Lot Acres: 1.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Range, Dishwasher
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: LR
  • Total Bedrooms: 9

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Panoramic
  • Construction Type: Stucco
  • Acres: 1.0
  • Exclusions: Chandelier
  • Exterior Features: Pool, Patio Open, Dog Run, Lawn
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Foothill
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 059-312-007
  • Zoning: E-1
  • Lot Size Sq Ft: 43560.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2012
Closed on
Jul 5, 2012
Sold by
Klass Gary C and Borgatello Klass Heather
Bought by
Maida Milad and Maida Gihan
Seller's Agent
Lorie Bartron
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Anthony Ibarra
Century 21 Hometown Realty
List Price
$1,650,000
Sold Price
$1,525,000
Premium/Discount to List
-$125,000
-7.58%
Current Estimated Value
$4,496,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,971,857
Avg. Annual Appreciation
7.55%
Original Mortgage
$850,000
Outstanding Balance
$142,629
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$3,842,414

Purchase Details

Closed on
Jun 22, 2011
Sold by
Palley Madelyn Silver
Bought by
Klass Gary C and Borgatello Klass Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,151,200
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2005
Sold by
Palley Madelyn
Bought by
The Madelyn Palley Living Trust

Purchase Details

Closed on
Apr 6, 2004
Sold by
Palley Madelyn
Bought by
Palley Madelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2002
Sold by
Palley Madelyn
Bought by
Palley Madelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$887,500
Interest Rate
6.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 18, 2000
Sold by
Palley Jeffrey and Palley Madelyn
Bought by
Palley Madelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 21, 1999
Sold by
Silver Palley Madelyn
Bought by
Palley Jeffrey M and Palley Madelyn Silver

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.45%
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
Maida Milad $1,525,000 First American Title Company
Klass Gary C $1,439,000 Fidelity National Title Co
The Madelyn Palley Living Trust -- --
Palley Madelyn -- First American Title Company
Palley Madelyn -- First American Title Co
Palley Madelyn -- --
Palley Jeffrey M -- --
Palley Madelyn Silver -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maida Milad $850,000
Previous Owner Klass Gary C $1,151,200
Previous Owner Palley Madelyn $250,000
Previous Owner The Madelyn Palley Living Trust $250,000
Previous Owner The Madelyn Palley Living Trust $790,000
Previous Owner Palley Madelyn $775,000
Previous Owner Palley Madelyn $887,500
Previous Owner Palley Madelyn $50,000
Previous Owner Palley Madelyn Silver $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2012 07/10/12 Sold $1,525,000 -7.6% $319 / Sq Ft
06/10/2012 06/10/12 Pending -- -- --
02/07/2012 02/07/12 For Sale $1,650,000 -- $346 / 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 $19,936 $1,885,303 $892,780 $992,523
2023 $19,936 $1,812,096 $858,113 $953,983
2022 $19,288 $1,776,566 $841,288 $935,278
2021 $18,971 $1,741,733 $824,793 $916,940
2020 $18,468 $1,723,874 $816,336 $907,538
2019 $18,130 $1,690,074 $800,330 $889,744
2018 $17,771 $1,656,937 $784,638 $872,299
2017 $17,469 $1,624,449 $769,253 $855,196
2016 $16,953 $1,592,598 $754,170 $838,428
2014 $16,532 $1,537,950 $728,291 $809,659
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-465

Santa Barbara Multiple Listing Service

APN: 059-312-007