S
Seller's Agent in 2020
Susan Conger
Coldwell Banker Realty
848 Park Ln Santa Barbara, CA 93108
Estimated Value: $7,795,000 - $15,931,349
5
Beds
7
Baths
8,885
Sq Ft
$1,242/Sq Ft
Est. Value
Highlights
- Ocean View
- Spa
- Fruit Trees
- Santa Barbara Senior High School Rated A-
- 1.9 Acre Lot
- Multiple Fireplaces
About This Home
As of October 2020Exemplifying an idyllic Montecito lifestyle, this gated Park Lane estate is near perfection situated on an impeccably landscaped 1.9 acres. Extensively remodeled, the Mediterranean property boasts ocean and mountain views from nearly every room. The impressive main level highlights the Mediterranean aesthetic, with towering wood beam ceilings, large windows and exquisite French doors which open to the beautiful gardens. Sparing no expense, the kitchen features top of the line appliances, white marble counter-tops and a chef's island. Upstairs the master suite is the perfect combination of luxury and comfort, featuring a cozy fireplace, private balcony with ocean views and a spacious on-suite bathroom. With a charming apartment and garage parking for five cars, this estate is equipped
Last Agent to Sell the Property
Susan Conger
Coldwell Banker Realty Listed on: 10/22/2020
Co-Listed By
Charlie Petersen
Coldwell Banker Realty
Last Buyer's Agent
Susan Conger
Coldwell Banker Realty Listed on: 10/22/2020
Home Details
Home Type
- Single Family
Year Built
- Built in 1993
Lot Details
- 1.9 Acre Lot
- Gated Home
- Fruit Trees
- Property is in excellent condition
Parking
- Garage
Property Views
- Ocean
- City
- Mountain
Home Design
- Mediterranean Architecture
- Slate Roof
Interior Spaces
- 8,885 Sq Ft Home
- 2-Story Property
- Multiple Fireplaces
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
Pool
- Spa
- Outdoor Pool
Outdoor Features
- Built-In Barbecue
Schools
- Mont Union Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Sewer Stub Out
Listing and Financial Details
- Assessor Parcel Number 007-060-072
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 7, 2025
Sold by
Federman Derek A and Federman Cynthia E
Bought by
Federman Family Trust and Federman
Current Estimated Value
Purchase Details
Listed on
Oct 22, 2020
Closed on
Oct 1, 2020
Sold by
Hermann Elizabeth L and The Elizabeth L Hermann Revoca
Bought by
Federman Derek A and Federman Cynthia E
Seller's Agent
Susan Conger
Coldwell Banker Realty
Buyer's Agent
Susan Conger
Coldwell Banker Realty
List Price
$9,500,000
Sold Price
$9,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.89%
Purchase Details
Listed on
Jan 12, 2019
Closed on
Oct 1, 2019
Sold by
Russo Baldassare R and Russo Linda
Bought by
Hermann Elizabeth L
Seller's Agent
Dan Encell
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Susan Conger
Coldwell Banker Realty
List Price
$11,750,000
Sold Price
$8,034,474
Premium/Discount to List
-$3,715,526
-31.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.30%
Purchase Details
Closed on
Nov 5, 2015
Sold by
Robinson Mary Kay and Parris Kamala
Bought by
Russo Baldassare R and Russo Linda R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,086,250
Interest Rate
3.16%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
May 11, 1996
Sold by
Sigler Daniel
Bought by
Robinson Marilyn J
Purchase Details
Closed on
Apr 17, 1996
Sold by
Chastain Jermain
Bought by
Sigler Daniel C and Park Lane Living Trust
Purchase Details
Closed on
May 24, 1995
Sold by
Walsworth Jeffrey P
Bought by
Walsworth Mark R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Federman Family Trust | -- | None Listed On Document | |
| Federman Derek A | $9,500,000 | Chicago Title Company | |
| Hermann Elizabeth L | $8,034,500 | Chicago Title Company | |
| Russo Baldassare R | $5,837,500 | Stewart Title Of Ca Inc | |
| Robinson Marilyn J | -- | Fidelity National Title | |
| Sigler Daniel C | -- | Santa Barbara Title | |
| Walsworth Mark R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Russo Baldassare R | $4,086,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/22/2020 10/22/20 | Sold | $9,500,000 | 0.0% | $1,069 / Sq Ft | |
| 10/22/2020 10/22/20 | Pending | -- | -- | -- | |
| 10/22/2020 10/22/20 | For Sale | $9,500,000 | +18.2% | $1,069 / Sq Ft | |
| 10/04/2019 10/04/19 | Sold | $8,034,474 | -31.6% | $904 / Sq Ft | View Prior Sale |
| 09/14/2019 09/14/19 | Pending | -- | -- | -- | |
| 01/12/2019 01/12/19 | For Sale | $11,750,000 | +95.8% | $1,322 / Sq Ft | |
| 01/14/2016 01/14/16 | Sold | $6,000,000 | -22.0% | $830 / Sq Ft | View Prior Sale |
| 10/30/2015 10/30/15 | Pending | -- | -- | -- | |
| 07/07/2015 07/07/15 | For Sale | $7,695,000 | -- | $1,065 / 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 | $105,762 | $10,283,104 | $4,329,728 | $5,953,376 |
| 2023 | $105,762 | $9,883,800 | $4,161,600 | $5,722,200 |
| 2022 | $102,070 | $9,690,000 | $4,080,000 | $5,610,000 |
| 2021 | $99,934 | $9,500,000 | $4,000,000 | $5,500,000 |
| 2020 | $84,826 | $8,034,476 | $3,400,000 | $4,634,476 |
| 2019 | $65,492 | $6,194,801 | $2,430,166 | $3,764,635 |
| 2018 | $64,238 | $6,073,335 | $2,382,516 | $3,690,819 |
| 2017 | $63,073 | $5,954,250 | $2,335,800 | $3,618,450 |
| 2016 | $72,958 | $6,989,859 | $3,106,604 | $3,883,255 |
| 2015 | $71,830 | $6,884,865 | $3,059,940 | $3,824,925 |
| 2014 | -- | $8,000,000 | $3,500,000 | $4,500,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
C
Seller Co-Listing Agent in 2020
Charlie Petersen
Coldwell Banker Realty
-
Dan Encell
Seller's Agent in 2019
Dan Encell
Berkshire Hathaway HomeServices California Properties
(805) 677-2013
34 in this area
110 Total Sales
-
David Hekhouse
D
Seller's Agent in 2016
David Hekhouse
Village Properties
(805) 455-2113
6 Total Sales
-
J
Seller Co-Listing Agent in 2016
Jesse Benenati
Village Properties
-
N
Buyer's Agent in 2016
Non Member Agent
Non Member Office
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-4169
APN: 007-060-072
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