NOT LISTED FOR SALE

Estimated Value: $7,472,000 - $8,275,221

4 Beds
3.5 Baths
5,548 Sq Ft
$1,406/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $4,850,000 $874 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $45,105/month

54 Days on Market

Highlights

  • Ocean View
  • Guest House
  • Pool House
  • Cold Spring Elementary School Rated A+
  • Art Studio
  • Updated Kitchen

About This Home

As of September 2020

(See the Interactive 3D Tour under the VIRTUAL TOURS tab). A singular opportunity awaits the discerning buyer who values classical proportions, rich historical provenance, ocean views, and premier location minutes from Montecito's Upper and Lower Villages. This remodeled 1905 Italianate Mission style villa was built by artist Ralph Radcliffe Whitehead, and in 1911 was purchased and further developed by Union Carbide President George Knapp. Abundant in natural light, this was the original home on the famous 70- acre Arcady estate. Graciously situated on a hill-top, this dramatic 5,500+ square foot, two-story, 4 Bedroom, 3.5 Bath home contains the ingredients of an ideal Montecito lifestyle-inspiring public rooms, a large eat-in kitchen, ocean views, swimming pool, a thoughtfully landscaped ...acre of rolling gardens, a master suite with ocean views, and a one bedroom Guest House with a kitchen, fireplace and its own driveway and entrance. The property is accessed through the private Arcady Road and features a gated driveway. Upon entry through the muraled foyer, public rooms on either side are generously proportioned with vaulted ceilings and sweeping windows opening to inviting gardens, the sparkling swimming pool and ocean views. The two-story great room, originally Radcliffe's art studio, and a site of many parties and gatherings, is anchored with an inviting fireplace, and opens to an ocean view enclosed loggia patio. The formal dining room inspires with a grand fireplace, dramatic ceiling, doorways accented with ornate carvings, and a wall of windows opening to the outdoor patio and the gardens below. Hidden gems in the main house include a secret loft with powder room, wine cellar, and a drive-in basement.

There is a brief history of the Arcady Estate and George Knapp under the DOCUMENTS tab.

Last Agent to Sell the Property

Ashley Anderson & Paul Hurst

Berkshire Hathaway HomeServices California Properties License #01903215 / 00826530 Listed on: 07/06/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Cristal Clarke

Berkshire Hathaway HomeServices California Properties License #00968247

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1905

Lot Details

  • 1 Acre Lot
  • Gated Home
  • Level Lot
  • Irrigation
  • Lawn
  • Property is in excellent condition
  • Property is zoned E-1

Parking

  • Direct Access Garage

Property Views

  • Ocean
  • Woods
  • Mountain

Home Design

  • Mediterranean Architecture
  • Raised Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 5,548 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Formal Dining Room
  • Loft
  • Art Studio
  • Sun or Florida Room
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Breakfast Bar
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Pool House
  • Spa
  • Outdoor Pool

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Built-In Barbecue

Schools

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

Utilities

  • Forced Air Heating System
  • Water Softener is Owned
  • Cable TV Available

Additional Features

  • Guest House
  • Property is near schools and shops

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 013-192-021

Home Details

Home Type

Single Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Directions: Sycamore Canyon>Arcady Road
  • Prop. Type: Residential
  • Year Built: 1905
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Common Area
  • ResoLotFeatures: Level, Rolling Slope, Other
  • Road Frontage Type: Easement
  • ResoSecurityFeatures: Gate:Elec, Smoke Detector(s)
  • Architectural Style: Medit
  • Reso Flooring: Carpet, Hardwood, Stone, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1905
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.0
  • 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
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Pool: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Breakfast Bar2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 5548.0
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Art Studio2: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Amenities Guest House2: Yes
  • Fireplace(s):_two_4: Yes
  • Fireplace(s) Dining Room2: Yes
  • FlrWdw Coverings Stone2: Yes
  • FlrWdw Coverings Carpet: Yes
  • GroundsLandscaping Spa - Outside: Yes
  • Roof:Tile2: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • Site Improvements Cable TV3: Yes
  • Laundry Gas Hookup2: Yes
  • Appliances Included Wtr SoftenerOwned: Yes
  • Pets Yes: Yes
  • Style Medit2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • Laundry Common Area2: Yes
  • Rooms Patio Enclosed2: Yes
  • Rooms Loft2: Yes
  • GroundsLandscaping Pool House2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Washer, Wtr Softener/Owned
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Dining Room, Other, 2+, LR
  • Total Bedrooms: 14
  • Bedrooms Basement: Yes
  • Other Rooms:Sun Room2: Yes

Exterior Features

  • Roof: Tile
  • View: Mountain(s), Ocean, Wooded
  • Construction Type: Stucco
  • Acres: 1.0
  • Topography: Rolly, Level
  • Exterior Features: Pool, Pool House, Deck, Patio Open, Patio Covered, SPA-Outside, Lawn, Yard Irrigation PRT, Fenced: ALL
  • Foundation Details: Raised
  • Patio And Porch Features: Enclosed

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 013-192-021
  • Zoning: E-1
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Sep 2, 2020
Sold by
Dooreck Jay Frank and Zhang Xiao Yan
Bought by
Arcady Estate Llc
Seller's Agent
Ashley Anderson & Paul Hurst
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Cristal Clarke
Berkshire Hathaway HomeServices California Properties
List Price
$5,350,000
Sold Price
$4,850,000
Premium/Discount to List
-$500,000
-9.35%
Current Estimated Value
$7,798,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,948,305
Avg. Annual Appreciation
9.25%
Original Mortgage
$3,395,000
Outstanding Balance
$3,047,825
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$4,750,480

Purchase Details

Closed on
Apr 22, 2005
Sold by
Dooreck Jay Frank and Zhang Xiao Yan
Bought by
Dooreck Jay Frank and Zhang Xiao Yan

Purchase Details

Closed on
Apr 10, 2002
Sold by
Gu Kong Ling
Bought by
Dooreck Jay

Purchase Details

Closed on
May 4, 2001
Sold by
Conrad William J
Bought by
Gu Kong Ling
Source: Public Records
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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
Arcady Estate Llc $4,850,000 Fidelity National Title Co
Dooreck Jay Frank -- --
Dooreck Jay $3,215,000 Fidelity National Title Co
Gu Kong Ling $3,215,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arcady Estate Llc $3,395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $4,850,000 -9.3% $874 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $5,350,000 -- $964 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $55,320 $5,249,794 $1,623,648 $3,626,146
2023 $55,320 $5,045,940 $1,560,600 $3,485,340
2022 $53,460 $4,947,000 $1,530,000 $3,417,000
2021 $52,355 $4,850,000 $1,500,000 $3,350,000
2020 $51,285 $4,788,939 $3,659,929 $1,129,010
2019 $50,431 $4,695,039 $3,588,166 $1,106,873
2018 $49,500 $4,602,980 $3,517,810 $1,085,170
2017 $48,588 $4,512,727 $3,448,834 $1,063,893
2016 $47,122 $4,424,243 $3,381,210 $1,043,033
2014 $45,679 $4,272,426 $3,265,184 $1,007,242
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2279

Santa Barbara Multiple Listing Service

APN: 013-192-021