NOT LISTED FOR SALE

740 State St Unit Penthouse Santa Barbara, CA 93101

Downtown Santa Barbara Neighborhood

Estimated Value: $27,656,757

-- Bed
2 Baths
3,500 Sq Ft
$7,902/Sq Ft Est. Value

About This Home

This home is located at 740 State St Unit Penthouse, Santa Barbara, CA 93101 and is currently estimated at $27,656,757, approximately $7,901 per square foot. 740 State St Unit Penthouse is a home located in Santa Barbara County with nearby schools including Washington Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2012
Sold by
Atlantico Inc
Bought by
Mahboob Mohammad and Mahboob Gity
Current Estimated Value
$27,656,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,300,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2005
Sold by
Atlantico Inc
Bought by
Atlantico Inc

Purchase Details

Closed on
Aug 23, 2001
Sold by
Cobler Michael T
Bought by
Atlantico Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 1998
Sold by
Whub Real Estate Limited Partnership
Bought by
Cobler Michael T

Purchase Details

Closed on
May 17, 1995
Sold by
Dlg L P
Bought by
Whub Real Estate Ltd Partnership

Purchase Details

Closed on
Dec 14, 1994
Sold by
Dlg L P
Bought by
Grimshaw Ray A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Mahboob Mohammad $11,245,500 First American Title Company
Atlantico Inc -- --
Atlantico Inc -- Fidelity National Title Co
Cobler Michael T -- Fidelity National Title Co
Whub Real Estate Ltd Partnership $3,660,883 Fidelity National Title
Grimshaw Ray A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahboob Mohammad $8,600,000
Closed Mahboob Mohammad $7,300,000
Previous Owner Atlantico Inc $5,000,000
Previous Owner Atlantico Inc $5,000,000
Source: Public Records

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 $151,707 $13,859,180 $4,309,996 $9,549,184
2023 $151,707 $13,321,014 $4,142,635 $9,178,379
2022 $138,657 $13,059,819 $4,061,407 $8,998,412
2021 $135,491 $12,803,747 $3,981,772 $8,821,975
2020 $134,098 $12,672,461 $3,940,944 $8,731,517
2019 $131,763 $12,423,982 $3,863,671 $8,560,311
2018 $129,904 $12,180,376 $3,787,913 $8,392,463
2017 $125,616 $11,941,547 $3,713,641 $8,227,906
2016 $122,019 $11,707,401 $3,640,825 $8,066,576
2015 $120,679 $11,531,546 $3,586,137 $7,945,409
2014 -- $11,296,052 $3,515,890 $7,780,162
Source: Public Records

Map

California Santa Barbara County Santa Barbara 93101 Downtown Santa Barbara

740 State St Unit Penthouse, Santa Barbara, CA

This home is located at 740 State St Unit Penthouse, Santa Barbara, CA 93101 and is currently estimated at $27,656,757, approximately $7,901 per square foot. 740 State St Unit Penthouse is a home located in Santa Barbara County with nearby schools including Washington Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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