NOT LISTED FOR SALE

845 Summit Rd Santa Barbara, CA 93108

Eucalyptus Hill Neighborhood

Estimated Value: $4,297,000 - $5,122,586

3 Beds
2 Baths
2,061 Sq Ft
$2,272/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $1,949,000 $946 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $27,722/month

6 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Fruit Trees
  • Ranch Style House

About This Home

As of October 2015

A peaceful one acre setting is what you find when arriving at 845 Summit. A close distance to the Upper and Lower Villages of Montecito and downtown Santa Barbara, this hidden treasure is a single level ranch with views of the ocean. South facing, the sun drenched living room and dining room open to a large private backyard with a great patio for outdoor entertaining. Fruit trees and a rose garden are located on the property with a nice walking path, encouraging one to meander through the garden. The kitchen has an attached den making it pleasant to be cooking and yet remain part of the action. To complete the picture, there is a third bedroom with bathroom which could also be a library, study or office.

Last Agent to Sell the Property

Maureen McDermut

Sotheby's International Realty License #01175027 Listed on: 09/18/2015

Last Buyer's Agent

The Stricklands

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,086

Year Built

  • Built in 1965

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Irrigation
  • Fruit Trees
  • Lawn
  • Property is in excellent condition

Property Views

  • Ocean
  • Mountain

Home Design

  • Ranch Style House
  • Cottage
  • Slab Foundation
  • Shake Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,061 Sq Ft Home
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Library
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Built-In Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop
  • City Lot

Schools

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

Additional Features

  • Stepless Entry
  • Forced Air Heating System

Community Details

  • Santa Barbara Community
  • 15 Eucalyptus Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 015-173-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,086

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1965
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 - Eucalyptus Hill
  • Architectural Style: Cal Cottage, Ranch
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • Unit Levels: Entry Lvl(No Stairs), Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1965
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • Exterior Wood Siding: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Family Room4: Yes
  • Rooms Ground Floor Primary: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Santa Barbara
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • ViewOcean: Yes
  • Appliances Included Electric Range2: Yes
  • Laundry Gas Hookup2: Yes
  • Appliances Included OvenBltin: Yes
  • Proximity Near Hospital2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Rooms LbryStudy: Yes
  • ParkingGarage Unc #33: Yes
  • Dining In Living Room2: Yes
  • Appliances Included Elect Stove2: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • Roof Shake: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Electric Range, Oven/Rnge/Blt-In, Oven/Bltin, Dishwasher, Dryer, Elect Stove, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: LR

Exterior Features

  • Roof: Shake
  • View: Mountain(s), Ocean, Setting
  • Construction Type: Wood Siding, Stucco
  • Acres: 1.0
  • Topography: Level
  • Exterior Features: Patio Covered, Lawn, Fruit Trees, Yard Irrigation PRT
  • Foundation Details: Slab, Mixed

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #2, Unc #3, Attached

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 015-173-008
  • Zoning: R-1
  • Lot Size Sq Ft: 43560.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2015
Closed on
Sep 24, 2015
Sold by
Cutts James A
Bought by
Sherman Merrill W
Seller's Agent
Maureen McDermut
Sotheby's International Realty
Buyer's Agent
The Stricklands
Sotheby's International Realty
List Price
$1,948,000
Sold Price
$1,949,000
Premium/Discount to List
$1,000
0.05%
Current Estimated Value
$4,682,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,733,647
Avg. Annual Appreciation
9.29%
Original Mortgage
$1,461,750
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 26, 2011
Sold by
Cutts James A
Bought by
Cutts James A

Purchase Details

Closed on
Jan 7, 2004
Sold by
Cutts James A and Cutts Karen D
Bought by
Cutts James A and Cutts Karen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 24, 2003
Sold by
Cutts James A and Cutts Karen D
Bought by
Cutts James A and Cutts Karen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 4, 2002
Sold by
Cutts James A and Cutts Karen D
Bought by
Cutts James A and Cutts Karen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.5%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Cutts James A and Cutts Karen D
Bought by
Cutts James A and Cutts Karen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
5.75%
Source: Public Records

Range of Values:

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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
Sherman Merrill W $1,949,000 First American Title Company
Cutts James A -- None Available
Cutts James A -- Equity Title Company
Cutts James A -- Equity Title Company
Cutts James A -- Equity Title Company
Cutts James A -- Equity Title Company
Cutts James A -- Equity Title
Cutts James A -- Equity Title
Cutts James A -- --
Cutts James A -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Merrill W $1,460,000
Closed Sherman Merrill W $1,461,750
Previous Owner Cutts James A $333,700
Previous Owner Cutts James A $351,000
Previous Owner Cutts James A $351,000
Previous Owner Cutts James A $351,000
Previous Owner Cutts James A $350,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2015 10/16/15 Sold $1,949,000 +0.1% $946 / Sq Ft
09/24/2015 09/24/15 Pending -- -- --
09/18/2015 09/18/15 For Sale $1,948,000 -- $945 / 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 $27,086 $2,599,773 $1,673,718 $926,055
2023 $27,086 $2,498,823 $1,608,726 $890,097
2022 $26,135 $2,449,828 $1,577,183 $872,645
2021 $25,535 $2,401,793 $1,546,258 $855,535
2020 $25,272 $2,377,167 $1,530,404 $846,763
2019 $22,657 $2,125,459 $1,500,691 $624,768
2018 $21,917 $2,044,569 $1,456,560 $588,009
2017 $21,194 $2,004,480 $1,428,000 $576,480
2016 $20,497 $1,949,000 $1,400,000 $549,000
2015 $7,643 $711,463 $397,265 $314,198
2014 $7,520 $697,528 $389,484 $308,044
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Maureen McDermut

    Sotheby's International Realty

    (805) 570-5545

    9 in this area

    90 Total Sales

    Maureen McDermut
    Section Image

  • T

    Buyer's Agent in 2015

    The Stricklands

    Sotheby's International Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-3152

Santa Barbara Multiple Listing Service

APN: 015-173-008

California Santa Barbara County Santa Barbara 93108 Eucalyptus Hill

845 Summit Rd, Santa Barbara, CA

This home is located at 845 Summit Rd, Santa Barbara, CA 93108 since 18 September 2015 and is currently estimated at $4,682,647, approximately $2,272 per square foot. This property was built in 1965. 845 Summit Rd is a home located in Santa Barbara County with nearby schools including Cleveland Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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