NOT LISTED FOR SALE

73 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $6,699,000 - $8,082,000

6 Beds
6.5 Baths
5,685 Sq Ft
$1,327/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $3,950,000 $695 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $44,048/month

Highlights

  • Spa
  • Property is near an ocean
  • Maid or Guest Quarters
  • Santa Barbara Senior High School Rated A-
  • Mountain View
  • Deck

About This Home

As of May 2019

Fabulous landmark Tudor family estate just mere steps from Coast Village Road, the Biltmore Hotel and Butterfly Beach, affording you proximity to Montecito's finest establishments and beach. This luxurious retreat is comprised of 6 bedrooms and 6.5 baths, along with guest quarters featuring 1 bedroom, bath and a living room totaling +/- 5,685 square feet allowing for a variety of family compound uses. Not a great beach day? Enjoy the relaxing pool and spa! This wonderfully maintained home exudes a timeless elegance and sophistication!

Last Agent to Sell the Property

The Epstein Partners

Keller Williams Realty Santa Barbara License #00994429 Listed on: 05/29/2019

Co-Listed By

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429

Last Buyer's Agent

Jamie Faletti

Keller Williams Realty Santa Barbara

Keller Williams Realty Santa Barbara

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,139

Year Built

  • Built in 1918

Lot Details

  • 0.38 Acre Lot
  • Level Lot
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Tudor Architecture
  • Raised Foundation
  • Shake Roof
  • Stucco

Interior Spaces

  • 5,685 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Formal Dining Room
  • Library
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters

Pool

  • Spa
  • Outdoor Pool

Outdoor Features

  • Property is near an ocean
  • Deck

Schools

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

Additional Features

  • Property is near shops
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 009-294-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,139

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1918
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Architectural Style: Tudor
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1918
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.38
  • 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
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Pool: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Amenities Guest Quarters2: Yes
  • Fireplace(s):_two_4: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • GroundsLandscaping Deck3: Yes
  • Foundation Raised: Yes
  • Rooms LbryStudy: Yes
  • Roof Shake: Yes
  • Style Tudor2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: 2+

Exterior Features

  • Roof: Other, Shake
  • View: Mountain(s)
  • Construction Type: Stucco
  • Acres: 0.38
  • Topography: Level
  • Exterior Features: Pool, Deck, SPA-Outside
  • Foundation Details: Raised, Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 009-294-006
  • Zoning: Other
  • Lot Size Sq Ft: 16552.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2019
Sold by
Williams Gwilym Rhys and Ruffing Jamie Ann
Bought by
Fairly Alex and Fairly Cheryl
Current Estimated Value
$7,545,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,950,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2006
Sold by
Ware Walter F and Ware Jalana C
Bought by
Williams Gwilym Rhys and Ruffing Jamie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 21, 2003
Sold by
Wolfe Tom and Sanders Lionel
Bought by
Ware Walter Fort and Ware Jalana Carpenter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving
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
Fairly Alex $3,950,000 First American Title Company
Williams Gwilym Rhys -- Equity Title Company
Ware Walter Fort $1,100,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fairly Alex $2,950,000
Previous Owner Williams Gwilym Rhys $1,717,000
Previous Owner Williams Gwilym Rhys $1,911,000
Previous Owner Williams Gwilym Rhys $1,325,000
Previous Owner Williams Gwilym Rhys $635,000
Previous Owner Williams Gwilym Rhys $635,000
Previous Owner Ware Walter $300,000
Previous Owner Ware Walter $245,000
Previous Owner Ware Walter Fort $800,000
Previous Owner Ware Walter $45,000
Previous Owner Ware Walter $1,450,000
Previous Owner Ware Walter $100,000
Previous Owner Ware Walter $925,000
Closed Ware Walter Fort $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2019 05/29/19 Sold $3,950,000 +4.1% $695 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $3,795,000 -- $668 / 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 $46,139 $4,406,296 $2,231,036 $2,175,260
2023 $46,139 $4,235,196 $2,144,403 $2,090,793
2022 $44,524 $4,152,154 $2,102,356 $2,049,798
2021 $43,607 $4,070,740 $2,061,134 $2,009,606
2020 $43,184 $4,029,000 $2,040,000 $1,989,000
2019 $42,224 $3,950,000 $2,000,000 $1,950,000
2018 $24,645 $2,246,000 $728,000 $1,518,000
2017 $26,902 $2,468,000 $910,000 $1,558,000
2016 $25,368 $2,350,000 $866,000 $1,484,000
2014 $23,699 $2,194,500 $808,500 $1,386,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-1898

Santa Barbara Multiple Listing Service

APN: 009-294-006