NOT LISTED FOR SALE

Estimated Value: $5,630,000 - $7,920,000

5 Beds
4.5 Baths
4,900 Sq Ft
$1,441/Sq Ft Est. Value

Last Sold May 11, 2012

Last sale price $3,795,000 $774 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $40,636/month

26 Days on Market

Highlights

  • Ocean View
  • Art Studio
  • Fruit Trees
  • Cold Spring Elementary School Rated A+
  • 1.2 Acre Lot
  • Fireplace in Primary Bedroom

About This Home

As of May 2012

Nestled on Cottage Lane on Montecito’s famous Knapp Estate, this Italian villa has been carefully crafted and sited to create a wonderful, secluded oasis with ocean and valley views. 5 bedrooms, 4.5 baths, gourmet kitchen, family room, game/media room, lovely terraces and grounds, plus an historic detached art studio. Incredible opportunity to own a turn key residence of exquisite detailing.

Last Agent to Sell the Property

Philippa Davis

Village Properties Listed on: 04/04/2012

Co-Listed By

Robert Lamborn

Sotheby's International Realty

Last Buyer's Agent

Shandra Campbell

Village Properties License #00785325

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 1.2 Acre Lot
  • Fenced
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Garage

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Mediterranean Architecture
  • Tile Roof
  • Stucco

Interior Spaces

  • 4,900 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Skylights
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Open Floorplan
  • Game Room
  • Art Studio
  • Gas Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom

Home Security

  • Monitored
  • Fire and Smoke Detector

Eco-Friendly Details

  • Air Purifier

Outdoor Features

  • Deck
  • Patio

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 013-192-053

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

1.2 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 2008
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup
  • ResoSecurityFeatures: Monitored, Security System, Fire Alarm, Smoke Detector(s)
  • Co List Office Mls Id: sir
  • Co List Office Phone: 805-969-9993
  • Subdivision Name: Other
  • Architectural Style: Medit
  • Reso Flooring: Hardwood, Stone
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2008
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 1.2
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • GroundsLandscaping Yard Irrigation TO: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Rooms Family Room4: Yes
  • Dining Breakfast Bar2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Rooms Art Studio2: Yes
  • Dining Breakfast Area2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Wet Bar2: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • FlrWdw Coverings Stone2: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • View Green Belt2: Yes
  • Security Fire Alarm2: Yes
  • Laundry Gas Hookup2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Style Medit2: Yes
  • Dining In Living Room2: Yes
  • Appliances Included Central Vac2: Yes
  • Security Monitored2: Yes
  • Heating Air Purification Sys2: Yes
  • Rooms Game Room3: Yes
  • Fireplace(s) 24: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Range, Central Vac, Dishwasher, Disposal, Double Oven, Microwave, Wtr Softener/Owned
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Living Room, Primary Bedroom, Family Room
  • Total Bedrooms: 10
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Tile
  • View: Ocean, Green Belt
  • Construction Type: Stucco
  • Acres: 1.2
  • Exterior Features: Deck, Patio Open, Lawn, Fruit Trees, Yard Irrigation T/O, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Air Purification Sys
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Cold Spring
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 013-192-053
  • Zoning: E-1
  • Lot Size Sq Ft: 52272.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2012
Closed on
Apr 24, 2012
Sold by
Minasian Martin J and Minasian Debranne B
Bought by
Alexander David and Alexander Sonia
Seller's Agent
Philippa Davis
Village Properties
Buyer's Agent
Shandra Campbell
Village Properties
List Price
$3,950,000
Sold Price
$3,795,000
Premium/Discount to List
-$155,000
-3.92%
Current Estimated Value
$7,062,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,267,869
Avg. Annual Appreciation
4.60%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alexander David $3,795,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2012 05/11/12 Sold $3,795,000 0.0% $774 / Sq Ft View Prior Sale
05/11/2012 05/11/12 Sold $3,795,000 -3.9% $774 / Sq Ft
04/30/2012 04/30/12 Pending -- -- --
04/30/2012 04/30/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $3,950,000 -10.1% $806 / Sq Ft
05/23/2011 05/23/11 For Sale $4,395,000 -- $897 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $52,314 $4,896,122 $2,198,095 $2,698,027
2023 $52,314 $4,706,006 $2,112,742 $2,593,264
2022 $50,510 $4,613,732 $2,071,316 $2,542,416
2021 $49,479 $4,523,267 $2,030,702 $2,492,565
2020 $48,658 $4,476,887 $2,009,880 $2,467,007
2019 $47,705 $4,354,106 $1,970,471 $2,383,635
2018 $45,985 $4,189,321 $1,931,835 $2,257,486
2017 $45,099 $4,107,178 $1,893,956 $2,213,222
2016 $43,712 $4,026,646 $1,856,820 $2,169,826
2014 $42,288 $3,888,472 $1,793,103 $2,095,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-1091

Santa Barbara Multiple Listing Service

APN: 013-192-053

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