NOT LISTED FOR SALE

Estimated Value: $2,629,000

11 Acres
$246,392 Price per Acre
464,785 Sq Ft Lot

Last Sold August 04, 2021

Last sale price $2,125,000

Est. 24% increase in value since last sale

Current estimated payment $17,023/month

515 Days on Market

Highlights

  • Ocean View
  • Hilly Lot
  • Level Lot
  • 10.67 Acre Lot

About This Lot

As of August 2021

Transformative, peaceful and energizing, this Toro Canyon property opens up a world of possibilities. With dazzling and sparkling ocean views, acres of open space for designing the home of your dreams and a world class location, this is the ultimate site for living the Montecito lifestyle. In a neighborhood of many architecturally significant trophy estates, rolling hillsides, rural splendor and vast coastal and mountain views, this very private and easy access property offers an outstanding opportunity. There is a water meter and utilities at the street, a gated entry and several stunning locations for building. Unleash your imagination and create the perfect lifestyle.

Last Agent to Sell the Property

Nancy Kogevinas

Berkshire Hathaway HomeServices California Properties License #01209514 Listed on: 01/01/2021

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Luke Ebbin

Compass License #01488213

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,212

Lot Details

  • 10.67 Acre Lot
  • Level Lot
  • Hilly Lot

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • City
  • Mountain

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 155-230-018

Property Details

Property Type

Land

Est. Annual Taxes

$11,212

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • ResoLotFeatures: Level
  • Road Frontage Type: Easement
  • Property Information Apx # Acres: 10.67
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • LocationTopo Level: Yes
  • LocationTopo Hilly2: Yes
  • ViewOcean: Yes
  • View Setting3: Yes
  • WaterSewer Septic Req: Yes
  • View Harbor2: Yes
  • View City4: Yes
  • WaterSewer Meter In: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), Ocean, City, Harbor, Panoramic, Setting
  • Acres: 10.67
  • Topography: Hilly, Level

Utilities

  • Water Source: Meter In, Mont Wtr

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 155-230-018
  • Zoning: Other
  • Lot Size Sq Ft: 464785.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2021
Closed on
Jul 30, 2021
Sold by
Kraus Kevin and The Kevin Kraus Trust
Bought by
Goto Kenneth and Raus Anna
Seller's Agent
Nancy Kogevinas
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Luke Ebbin
Compass
List Price
$2,375,000
Sold Price
$2,125,000
Premium/Discount to List
-$250,000
-10.53%
Current Estimated Value
$2,629,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,000

Purchase Details

Closed on
Apr 8, 2021
Sold by
Kraus Kevin and Kevin Kraus Trust
Bought by
Frampton Kevin and Kraus Kevin

Purchase Details

Closed on
Nov 21, 2016
Sold by
Lb Benon Family Limited Partnership Lp
Bought by
Frampton Kevin and Kraus Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.47%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Goto Kenneth $2,125,000 First American Title Company
Frampton Kevin -- None Available
Frampton Kevin -- None Available
Frampton Kevin $1,500,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frampton Kevin $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2021 08/04/21 Sold $2,125,000 -10.5% --
06/04/2021 06/04/21 Pending -- -- --
01/06/2020 01/06/20 For Sale $2,375,000 -- --
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
2021 $11,212 $857,761 $857,761 $0
2020 $11,132 $848,966 $848,966 $0
2019 $9,044 $832,320 $832,320 $0
2018 $8,906 $816,000 $816,000 $0
2017 $8,757 $800,000 $800,000 $0
2016 $6,943 $627,088 $627,088 $0
2014 $6,474 $605,570 $605,570 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-36

Santa Barbara Multiple Listing Service

APN: 155-230-018