NOT LISTED FOR SALE

824 Summit Rd Santa Barbara, CA 93108

Eucalyptus Hill Neighborhood

Estimated Value: $5,281,000 - $6,449,000

3 Beds
3.5 Baths
3,137 Sq Ft
$1,928/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $3,625,000 $1,156 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $35,362/month

Highlights

  • Ocean View
  • Contemporary Architecture
  • Home Office
  • Santa Barbara Senior High School Rated A-
  • Main Floor Primary Bedroom
  • Breakfast Area or Nook

About This Home

As of November 2017

For statistical purposes only

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 11/10/2017

Last Buyer's Agent

Lucas Ebbin

Berkshire Hathaway HomeService

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Partially Fenced Property
  • Level Lot
  • Property is in excellent condition
  • Property is zoned A-2

Parking

  • Garage

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,137 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Slate Flooring
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Enclosed Patio or Porch
  • Fireplace in Patio

Schools

  • S.B. Jr. Middle School
  • S.B. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 015-172-024

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1980
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Architectural Style: Contemporary
  • Reso Flooring: Slate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1980
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • ParkingGarage Gar #22: Yes
  • View Setting2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Style:Contemporary2: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • ViewOcean: Yes
  • Fireplace(s) Patio3: Yes
  • View PartialFiltered2: Yes
  • Rooms Patio Enclosed2: Yes
  • FlrWdw Coverings Slate3: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Range, Dishwasher, Double Oven, Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: LR, Patio
  • Bedrooms Basement: Yes
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • View: Ocean, Setting, Partial/Filtered
  • Construction Type: Other
  • Topography: Level
  • Exterior Features: Fenced: PRT
  • Patio And Porch Features: Enclosed

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Schools

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

Lot Info

  • Parcel #: 015-172-024
  • Zoning: A-2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2017
Closed on
Oct 13, 2017
Sold by
Erickson Eric Roderick and Korpinen Neil Edward
Bought by
Towbes Lynn Carol and Lewis John William
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Lucas Ebbin
Berkshire Hathaway HomeService
List Price
$3,750,000
Sold Price
$3,625,000
Premium/Discount to List
-$125,000
-3.33%
Current Estimated Value
$6,048,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,423,345
Avg. Annual Appreciation
6.47%
Original Mortgage
$1,100,000
Outstanding Balance
$897,872
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$5,150,473

Purchase Details

Closed on
Nov 5, 2009
Sold by
Gibbons William J and Gibbons Nancy Grant
Bought by
Korpinen Neil E and Erickson Eric R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2004
Sold by
Gibbons William J
Bought by
Gibbons William J and William J Gibbons October 22 2004 Trust

Purchase Details

Closed on
May 17, 2002
Sold by
Alexander Judy L
Bought by
Gibbons William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.94%

Purchase Details

Closed on
May 17, 1995
Sold by
Alexander Judy L
Bought by
Alexander Judy L

Purchase Details

Closed on
Nov 9, 1993
Sold by
Taylor Peggy and Taylor Bruce A
Bought by
Alexander Judy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.37%
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
Towbes Lynn Carol $3,625,000 Chicago Title Company
Korpinen Neil E -- Chicago Title Company
Gibbons William J -- --
Gibbons William J -- Chicago Title Co
Alexander Judy L -- --
Alexander Judy L $475,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Towbes Lynn Carol $1,100,000
Previous Owner Korpinen Neil E $417,000
Previous Owner Gibbons William J $1,000,000
Previous Owner Alexander Judy L $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $3,625,000 -3.3% $1,156 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $3,750,000 -- $1,195 / 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 $44,825 $4,319,463 $1,598,370 $2,721,093
2023 $44,825 $4,151,735 $1,536,304 $2,615,431
2022 $43,327 $4,070,330 $1,506,181 $2,564,149
2021 $42,335 $3,990,521 $1,476,649 $2,513,872
2020 $40,597 $3,826,450 $1,461,560 $2,364,890
2019 $39,317 $3,697,500 $1,428,000 $2,269,500
2018 $38,761 $3,625,000 $1,400,000 $2,225,000
2017 $19,325 $1,834,036 $1,121,115 $712,921
2016 $18,850 $1,798,076 $1,099,133 $698,943
2014 $17,925 $1,697,300 $998,800 $698,500
Source: Public Records

Agents Affiliated with this Home

  • Robert Riskin

    Seller's Agent in 2017

    Robert Riskin

    Village Properties

    (805) 698-0199

    14 in this area

    210 Total Sales

    Robert Riskin
    Section Image

  • L

    Buyer's Agent in 2017

    Lucas Ebbin

    Berkshire Hathaway HomeService

  • Luke Ebbin

    Buyer's Agent in 2017

    Luke Ebbin

    Compass

    (805) 253-7700

    4 in this area

    69 Total Sales

    Luke Ebbin
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3724

Santa Barbara Multiple Listing Service

APN: 015-172-024

California Santa Barbara County Santa Barbara 93108 Eucalyptus Hill

824 Summit Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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