NOT LISTED FOR SALE

800 Cold Springs Rd Santa Barbara, CA 93108

Estimated Value: $5,395,000 - $8,682,931

2 Beds
1.5 Baths
1,904 Sq Ft
$3,425/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $6,850,000 $3,598 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $41,527/month

397 Days on Market

Highlights

  • View of Trees or Woods
  • 13.73 Acre Lot
  • Fireplace in Primary Bedroom
  • Cold Spring Elementary School Rated A
  • Fruit Trees
  • Wood Burning Stove

About This Home

As of March 2020

Set on approximately 13.75-acres, this is the last remaining parcel of a magical garden oasis that has been in the same family since 1916. It was originally part of the beloved 70-acre Lolita Armour estate known as El Mirador, which loosely translates to ''see in all directions.'' Today, you can cultivate your own piece of Montecito history with this exceptional jewel now available for the first time in over a century. The original two-story Mediterranean-style gate house was built in 1918 by Charles M. Urton, and offers 2 bedrooms, 1.5 baths, and approx. 1,904 sq. ft. of living space. There's also an approx. 3-acre building site suited for a grand custom-designed estate with abundant private water, and stunning garden and Santa Ynez Mountain views. Once known as one of Montecito's most legendary estate gardens, this peaceful paradise radiates beauty, wonder and enchantment among its palm-lined driveway with towering 50-foot palms, verdant Japanese gardens, tranquil lagoons, long meandering paths lined with century-old exotic plant species, trees, and flowering shrubs, as well as The Eaton House ruins - now a stone grotto sanctuary complete with man-made stalactites. This one-of-a-kind property provides the perfect opportunity to build a dream home and explore this sanctuary of unparalleled splendor, serenity, and magic with a picturesque backdrop of majestic mountains and masterfully crafted century-old gardens.

Last Agent to Sell the Property

Suzanne Perkins

Compass Listed on: 12/19/2018

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $71,908

Year Built

  • Built in 1918

Lot Details

  • 13.73 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Level Lot
  • Fruit Trees
  • Wooded Lot
  • Lawn
  • Property is zoned E-1

Parking

  • Detached Garage

Property Views

  • Woods
  • Peek-A-Boo
  • Mountain

Home Design

  • Mediterranean Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,904 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Stove
  • Living Room with Fireplace
  • Formal Dining Room
  • Sun or Florida Room
  • Basement

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Gazebo

Location

  • Property is near schools

Schools

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

Utilities

  • Underground Utilities
  • Private Water Source
  • Cable TV Available

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 013-220-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$71,908

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Directions: Sycamore Canyon Road to Cold Springs Road. Gate is on the right.
  • Prop. Type: Residential
  • Year Built: 1918
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Rolling Slope
  • Road Frontage Type: Easement
  • ResoSecurityFeatures: Gate:Elec
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • Reso Other Structures: Other
  • Property Information Year Built2: 1918
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 13.73
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Rolly2: Yes
  • Site Improvements Underground Util: Yes
  • WaterSewer Pvt Wtr Sys: Yes
  • Property Information Within City Limits: No
  • Exterior:Stucco: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1904.0
  • Construction Two Story2: Yes
  • View Wooded3: Yes
  • Dining Formal2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • GroundsLandscaping Wooded4: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • FlrWdw Coverings Carpet: Yes
  • Roof:Tile2: Yes
  • Fireplace(s) Wood Burning Stove2: Yes
  • ParkingGarage Detached: Yes
  • ParkingGarage Gar #12: Yes
  • Site Improvements Cable TV3: Yes
  • Style Medit2: Yes
  • Foundation Raised: Yes
  • View PartialFiltered2: Yes
  • Rooms Patio Enclosed2: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Dryer, Gas Stove, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning Stove, Primary Bedroom, Other, 2+, LR
  • Bedrooms Basement: Yes
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Setting, Wooded, Partial/Filtered
  • Construction Type: Stucco
  • Acres: 13.73
  • Topography: Rolly, Level
  • Exclusions: Other
  • Exterior Features: Other, Patio Open, Gazebo, Lawn, Fruit Trees, Wooded, Fenced: PRT
  • Foundation Details: Raised
  • Patio And Porch Features: Enclosed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1, Detached

Utilities

  • Utilities: Underground Util
  • Water Source: Pvt Wtr Sys

Schools

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

Lot Info

  • Parcel #: 013-220-021
  • Zoning: E-1
  • Lot Size Sq Ft: 598078.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2018
Closed on
Feb 26, 2020
Sold by
Beck Robyn
Bought by
800 Cold Spring Rd Llc
Seller's Agent
Suzanne Perkins
Compass
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$15,000,000
Sold Price
$6,850,000
Premium/Discount to List
-$8,150,000
-54.33%
Current Estimated Value
$6,521,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$328,356
Avg. Annual Appreciation
-0.89%

Purchase Details

Closed on
Dec 30, 2015
Sold by
Lanning Lolita M
Bought by
Abbott Lawrence S

Purchase Details

Closed on
Dec 27, 2012
Sold by
Lanning Lolita M
Bought by
Abbott Lawrence S

Purchase Details

Closed on
Oct 11, 2012
Sold by
Lanning Marisa H
Bought by
Lanning Marisa Helene

Purchase Details

Closed on
Apr 8, 2010
Sold by
Lanning Lolita M
Bought by
Abbott Lawrence S

Purchase Details

Closed on
Dec 22, 2009
Sold by
Lanning Lolita M
Bought by
Abbott Lawrence S

Purchase Details

Closed on
Jan 10, 2007
Sold by
Lanning Lolita M
Bought by
Lanning Lolita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,675,000
Interest Rate
6.09%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

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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
800 Cold Spring Rd Llc $6,850,000 Chicago Title Company
Abbott Lawrence S -- None Available
Abbott Lawrence S -- None Available
Lanning Marisa Helene -- None Available
Lanning Marisa H -- None Available
Abbott Lawrence S -- None Available
Abbott Lawrence S -- None Available
Lanning Lolita M -- Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lanning Lolita M $3,400,000
Previous Owner Lanning Lolita M $6,675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2020 03/05/20 Sold $6,850,000 -54.3% $3,598 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
12/19/2018 12/19/18 For Sale $15,000,000 -- $7,878 / 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 $71,908 $6,313,614 $6,062,078 $251,536
2023 $71,908 $6,457,387 $5,826,681 $630,706
2022 $70,255 $6,330,773 $5,712,433 $618,340
2021 $68,836 $6,206,641 $5,600,425 $606,216
2020 $7,598 $281,426 $240,033 $41,393
2019 $4,838 $275,909 $235,327 $40,582
2018 $4,706 $270,500 $230,713 $39,787
2017 $4,553 $265,197 $226,190 $39,007
2016 $4,413 $259,998 $221,755 $38,243
2015 $4,254 $256,094 $218,425 $37,669
2014 $4,210 $251,079 $214,147 $36,932
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-4351

Santa Barbara Multiple Listing Service

APN: 013-220-021