NOT LISTED FOR SALE

Estimated Value: $6,401,825 - $7,560,000

4 Beds
5 Baths
4,287 Sq Ft
$1,612/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $4,099,250 $956 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $40,206/month

176 Days on Market

Highlights

  • Ocean View
  • Fruit Trees
  • Mediterranean Architecture
  • Cold Spring Elementary School Rated A+
  • Fireplace in Primary Bedroom
  • Attached Garage

About This Home

As of May 2018

Beautifully designed Montecito 4 BD(+ office/ 5th BD)/ 5 BA Italian Mediterranean estate with breathtaking ocean, island, and coastline views! The main level includes kitchen, formal dining, living room, and paneled library/office or guest bedroom, as well as a spacious balcony that overlooks that city and ocean. The Master bedroom enjoys views of the ocean, as well as dual bathrooms and large walk-in closets. The beautiful gardens are complete with drought resistant landscaping, majestic oaks, fruit trees, and water features that are dated back to the original Knapp Estate. This special home is perched on top of a hillside which allows for privacy, all while being convenient to Upper and Lower Village!

Last Agent to Sell the Property

Dan Encell

Berkshire Hathaway HomeServices California Properties License #00976141 Listed on: 09/04/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Ted Campbell

Village Properties License #00691712

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • Fruit Trees
  • Property is in excellent condition

Parking

  • Attached Garage

Home Design

  • Mediterranean Architecture
  • Tile Roof

Interior Spaces

  • 4,287 Sq Ft Home
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Ocean Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 5 Full Bathrooms

Schools

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

Additional Features

  • Accessible Elevator Installed
  • Sewer Stub Out

Listing and Financial Details

  • Assessor Parcel Number 013-192-034

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2005
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • Reso Accessibility Features: Accessible Elevator Installed
  • Architectural Style: Other, Medit
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2005
  • Property Information Total #Units: 1
  • 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
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • Laundry Laundry Room2: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • ParkingGarage Gar #33: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Fireplace(s):_two_3: Yes
  • Roof:Tile2: Yes
  • ViewOcean: Yes
  • Style Medit2: Yes
  • Handicapped Access Elevator3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: Primary Bedroom, 2, LR

Exterior Features

  • Roof: Tile
  • View: Ocean
  • Exterior Features: Fruit Trees

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, Attached

Utilities

  • Water Source: Mont Wtr

Schools

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

Lot Info

  • Parcel #: 013-192-034
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2017
Closed on
Apr 13, 2018
Sold by
Jarc Frank R and Jarc Merandy
Bought by
Mcgrath Nancy Simonds
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ted Campbell
Village Properties
List Price
$4,650,000
Sold Price
$4,099,250
Premium/Discount to List
-$550,750
-11.84%
Current Estimated Value
$6,910,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,811,456
Avg. Annual Appreciation
7.07%
Original Mortgage
$2,100,000
Outstanding Balance
$1,805,965
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$5,104,741

Purchase Details

Closed on
Dec 29, 2008
Sold by
Jarc Frank and Jarc Merandy
Bought by
Jarc Frank R and Jarc Merandy

Purchase Details

Closed on
Mar 5, 2002
Sold by
Harris Laurie
Bought by
Jarc Frank and Jarc Merandy

Purchase Details

Closed on
Jul 31, 2000
Sold by
Orchowski Margaret S
Bought by
Harris Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
8.3%

Purchase Details

Closed on
Jul 21, 2000
Sold by
Omstein Robert Maurice
Bought by
Harris Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
8.3%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcgrath Nancy Simonds $4,099,500 Wfg Natl Title Ins Co
Jarc Frank R -- None Available
Jarc Frank -- Equity Title Company
Harris Laurie -- Equity Title Company
Harris Laurie -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgrath Nancy Simonds $2,100,000
Previous Owner Harris Laurie $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2018 05/15/18 Sold $4,099,250 -11.8% $956 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
09/04/2017 09/04/17 For Sale $4,650,000 -- $1,085 / 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 $49,255 $4,664,243 $1,706,742 $2,957,501
2023 $49,255 $4,483,126 $1,640,468 $2,842,658
2022 $47,605 $4,395,222 $1,608,302 $2,786,920
2021 $46,623 $4,309,042 $1,576,767 $2,732,275
2020 $45,841 $4,264,859 $1,560,600 $2,704,259
2019 $45,101 $4,181,235 $1,530,000 $2,651,235
2018 $44,315 $4,099,000 $1,500,000 $2,599,000
2017 $35,084 $3,215,000 $1,461,000 $1,754,000
2016 $33,047 $3,062,000 $1,391,000 $1,671,000
2014 $31,010 $2,859,000 $1,299,000 $1,560,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3001

Santa Barbara Multiple Listing Service

APN: 013-192-034