NOT LISTED FOR SALE

720 Ladera Ln Santa Barbara, CA 93108

Estimated Value: $6,415,000 - $7,720,935

5 Beds
4.5 Baths
4,793 Sq Ft
$1,428/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $3,650,000 $762 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $39,647/month

288 Days on Market

Highlights

  • Ocean View
  • River Front
  • Fruit Trees
  • Spa
  • Craftsman Architecture
  • Maid or Guest Quarters

About This Home

As of August 2017

Down a peaceful private country lane, this elegant, 5000 square foot, Montecito home is nestled in an acre of terraced gardens, sprawling lawns and majestic oaks. The property has undergone a recent renovation, with meticulous attention to detail and boasts five bedrooms with four and a half bathrooms. See 3-D Virtual Tour under Photo tab.

Last Agent to Sell the Property

Brian King

Village Properties License #01868186 Listed on: 02/17/2016

Last Buyer's Agent

Brian King

Village Properties License #01868186 Listed on: 02/17/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,125

Year Built

  • Built in 1980

Lot Details

  • 1.01 Acre Lot
  • Home fronts a stream
  • River Front
  • Interior Lot
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is in excellent condition

Parking

  • Attached Garage

Property Views

  • Ocean
  • Mountain

Home Design

  • Craftsman Architecture
  • Split Level Home
  • Raised Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,793 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Multiple Fireplaces
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Game Room
  • Home Gym

Kitchen

  • Built-In Oven
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Stream or River on Lot
  • Patio
  • Separate Outdoor Workshop

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 155-100-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,125

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Home/Estate
  • Road Frontage Type: River/Stream
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Interior Lot
  • Architectural Style: Craftsman
  • Reso Flooring: Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Split Level
  • New Construction: No
  • Reso Other Structures: Work Shop
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1980
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.01
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • Site Improvements Underground Util: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Rooms Exercise Room2: Yes
  • Rooms Office3: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Property Information Apx Lot SqFt: 43996.0
  • Construction Split Level: Yes
  • GroundsLandscaping Wooded4: Yes
  • Other Buildings Work Shop2: Yes
  • Fireplace(s):_two_3: Yes
  • WaterSewer Septic In: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • ViewOcean: Yes
  • LocationTopo RiverStream2: Yes
  • Appliances Included OvenBltin: Yes
  • Foundation Raised: Yes
  • Style Craftsman2: Yes
  • Rooms Game Room3: Yes
  • LocationTopo Interior2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Oven/Bltin, Dishwasher, Dryer, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, 2, LR
  • Total Bedrooms: 11

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Ocean, Setting
  • Construction Type: Wood Siding
  • Acres: 1.01
  • Waterfront Features: Stream
  • Waterfront: Yes
  • Exterior Features: Pool, Patio Open, Hot Tub, Lawn, Fruit Trees, Wooded
  • Foundation Details: Slab, Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Attached

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Utilities: Underground Util
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 155-100-006
  • Zoning: Other
  • Lot Size Sq Ft: 43996.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2020
Sold by
Lawler Michael and Lawler Roxanne
Bought by
Lum Robert P and Wilder Anne T
Current Estimated Value
$6,844,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,531,250
Outstanding Balance
$2,243,759
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$4,599,132

Purchase Details

Closed on
Apr 26, 2017
Sold by
Weinberg W Henry
Bought by
Lawler Michael and Lawler Roxanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,920,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2015
Closed on
Aug 14, 2015
Sold by
Frampton Kevin
Bought by
Weinberg W Henry
Seller's Agent
Marsha Kotlyar
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Brian King
Village Properties
List Price
$3,795,000
Sold Price
$3,650,000
Premium/Discount to List
-$145,000
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$2,000,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 29, 2013
Sold by
Shuler James Douglas and Shuler Catherine Ross
Bought by
Frampton Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,539,702
Interest Rate
4.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 26, 2007
Sold by
Oconnor Joan Carmel
Bought by
Shuler James Douglas and Shuler Catherine Ross

Purchase Details

Closed on
Oct 16, 2002
Sold by
Lockwood Patricia A
Bought by
Oconnor Joan Carmel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
4.75%

Purchase Details

Closed on
Jun 8, 1995
Sold by
Lockwood Arthur H and Howes Patricia A
Bought by
Lockwood Arthur H and Lockwood Patricia A

Purchase Details

Closed on
Mar 27, 1995
Sold by
Lockwood Arthur H and Howes Patricia A
Bought by
Lockwood Arthur H and Lockwood Patricia A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lum Robert P $3,375,000 Fidelity National Title Co
Lawler Michael $3,650,000 Fidelity National Title Co
Weinberg W Henry $3,650,000 Fidelity National Title Co
Frampton Kevin $2,340,000 First American Title Company
Shuler James Douglas -- Lawyers Title Company
Oconnor Joan Carmel -- Fidelity National Title Co
Lockwood Patricia A -- Fidelity National Title Co
Lockwood Arthur H -- --
Lockwood Arthur H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lum Robert P $2,531,250
Previous Owner Lawler Michael $2,920,000
Previous Owner Lawler Michael $2,920,000
Previous Owner Weinberg W Henry $2,000,000
Previous Owner Frampton Kevin $1,539,702
Previous Owner Oconnor Joan Carmel $1,400,000
Previous Owner Oconnor Joan Carmel $1,000,000
Previous Owner Oconnor Joan Carmel $995,000
Previous Owner Lockwood Patricia A $1,000,000
Previous Owner Lockwood Arthur H $956,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $3,650,000 +22712.5% $762 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
11/29/2016 11/29/16 Rented $16,000 0.0% --
10/30/2016 10/30/16 Under Contract -- -- --
08/09/2016 08/09/16 For Rent $16,000 0.0% --
02/17/2016 02/17/16 For Sale $3,785,000 +3.7% $790 / Sq Ft
08/27/2015 08/27/15 Sold $3,650,000 -3.8% $732 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $3,795,000 -- $761 / 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 $38,125 $3,691,050 $1,886,537 $1,804,513
2023 $38,125 $3,547,725 $1,813,282 $1,734,443
2022 $36,912 $3,478,163 $1,777,728 $1,700,435
2021 $36,145 $3,409,965 $1,742,871 $1,667,094
2020 $40,233 $3,797,460 $2,080,800 $1,716,660
2019 $39,251 $3,723,000 $2,040,000 $1,683,000
2018 $38,636 $3,650,000 $2,000,000 $1,650,000
2017 $39,500 $3,723,000 $2,040,000 $1,683,000
2016 $38,819 $3,650,000 $2,000,000 $1,650,000
2015 $25,514 $2,386,449 $1,468,467 $917,982
2014 $23,988 $2,339,702 $1,439,702 $900,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-492

Santa Barbara Multiple Listing Service

APN: 155-100-006