NOT LISTED FOR SALE

75 Olive Mill Rd Santa Barbara, CA 93108

Estimated Value: $5,830,000 - $6,384,000

4 Beds
4.5 Baths
2,800 Sq Ft
$2,178/Sq Ft Est. Value

Last Sold April 22, 2021

Last sale price $3,250,000 $1,161 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $34,994/month

126 Days on Market

Highlights

  • Property is near an ocean
  • Colonial Architecture
  • Multiple Fireplaces
  • Santa Barbara Senior High School Rated A-
  • Mountain View
  • Detached Garage

About This Home

As of April 2021

Your opportunity to live the Montecito beach lifestyle is here. Equidistant to Montecito's famed 'Lower Village' and the sand, 75 Olive Mill Rd is conveniently situated for easy discovery of Montecito's world famous Butterfly Beach, Four Seasons Biltmore Hotel & Resort and the Coral Casino Beach & Cabana Club. This beautifully re-imagined 'Colonial Beach House' is moments away from the fabulous boutiques, restaurants and cafe's of Coast Village Road. Entering through the gates of this well known piece of Montecito history you find the lovingly restored and modernized 'Beach Colonial' that is 75 Olive Mill Rd. Virtually no surface was untouched in the top to bottom renovation and expansion. Out the back door under a majestic oak is a space with a multitude of possibilities, a legal lot split that could accommodate a pool and cabana or even a generously sized duplex. The potential is only limited by your imagination.

Equally ideal for luxury enthusiasts desiring the year-round Montecito lifestyle, families wanting access to the prestigious Montecito Union School District, the bon-vivant wanting a coveted beachside second home or those in search of an enviable weekend get-away spot.

Live your dream.

Last Agent to Sell the Property

Jamie Faletti

Keller Williams Realty Santa Barbara Listed on: 03/16/2021

Keller Williams Realty Santa Barbara

Co-Listed By

The Epstein Partners

Keller Williams Realty Santa Barbara License #00994429

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,041

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is in excellent condition
  • Property is zoned R-2

Parking

  • Detached Garage

Home Design

  • Colonial Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Property is near an ocean
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 009-294-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,041

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.16
  • 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 ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Ocean2: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Fireplace(s):_two_3: Yes
  • ParkingGarage Detached: Yes
  • Style Colonial2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: 2

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Construction Type: Wood Siding
  • Acres: 0.16
  • Topography: Level
  • Exterior Features: Patio Open, Fenced: ALL
  • Foundation Details: Mixed

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Parcel #: 009-294-007
  • Zoning: R-2
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2021
Closed on
Mar 20, 2021
Sold by
Gamer Ted Allen and Gamer Cynthia
Bought by
Harvey Robert and Harvey Shannon
Seller's Agent
Jamie Faletti
Keller Williams Realty Santa Barbara
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$3,250,000
Sold Price
$3,250,000
Current Estimated Value
$6,098,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,848,450
Avg. Annual Appreciation
14.76%
Original Mortgage
$2,275,000
Outstanding Balance
$2,140,229
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$3,822,976

Purchase Details

Closed on
Nov 20, 2012
Sold by
Garner Ted A and Garner Barbara Ann
Bought by
Garner Ted A

Purchase Details

Closed on
Apr 11, 2011
Sold by
Wheelan Jay Corey
Bought by
Garner Ted A and Garner Barbara Ann

Purchase Details

Closed on
Oct 5, 2009
Sold by
Garner Ted A and Garner Barbara Ann
Bought by
Wheelan Jay Corey

Purchase Details

Closed on
Mar 4, 2009
Sold by
Garner Ted A
Bought by
Garner Ted A and Garner Barbara Ann

Purchase Details

Closed on
Jun 23, 2003
Sold by
Garner Barbara A
Bought by
Garner Ted A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 1998
Sold by
Kline Thomas C and Kline Kay C
Bought by
Garner Ted A and Garner Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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
Harvey Robert $3,250,000 Chicago Title Company
Garner Ted A -- None Available
Garner Ted A -- None Available
Wheelan Jay Corey -- None Available
Garner Ted A -- None Available
Garner Ted A -- Fidelity National Title Co
Garner Ted A -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Robert $2,275,000
Previous Owner Garner Ted A $650,000
Previous Owner Garner Ted A $437,500
Closed Garner Ted A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2021 04/22/21 Sold $3,250,000 0.0% $1,161 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
11/10/2020 11/10/20 For Sale $3,250,000 -- $1,161 / 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 $30,041 $2,814,322 $1,082,432 $1,731,890
2023 $30,041 $2,705,040 $1,040,400 $1,664,640
2022 $29,014 $2,652,000 $1,020,000 $1,632,000
2021 $11,308 $940,087 $365,095 $574,992
2020 $9,730 $930,449 $361,352 $569,097
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jamie Faletti

    Keller Williams Realty Santa Barbara

    Section Image

  • T

    Seller Co-Listing Agent in 2021

    The Epstein Partners

    Keller Williams Realty Santa Barbara

  • C

    Buyer's Agent in 2021

    Calcagno & Hamilton

    Sotheby's International Realty

  • M

    Buyer's Agent in 2021

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    57 in this area

    289 Total Sales

    Michael Calcagno
    Section Image
See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4382

Santa Barbara Multiple Listing Service

APN: 009-294-008

California Santa Barbara County Santa Barbara 93108

75 Olive Mill Rd, Santa Barbara, CA

This home is located at 75 Olive Mill Rd, Santa Barbara, CA 93108 since 16 March 2021 and is currently estimated at $6,098,450, approximately $2,178 per square foot. 75 Olive Mill Rd is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Adelante Charter School.

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