NOT LISTED FOR SALE

Estimated Value: $9,417,656

3 Beds
5 Baths
3,075 Sq Ft
$3,063/Sq Ft Est. Value

Sale Details

Date Sold: August 15, 2020

Last sale price $6,787,500 $2,207 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $57,545 / mo

19 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Fruit Trees
  • Pool
  • Updated Kitchen
  • Fireplace in Primary Bedroom

About This Home

As of August 2020

The latest chapter of this chic, 1937 stone house and compound was penned by one of CA's most sought after designers, Xorin Balbes of Templehome. At its core, this evocative transformation celebrates beauty & stillness & offers a place that fosters well-being, abundance & gratitude. Nestled in one of Montecito's favorite neighborhoods, this compound perfectly blends form + function & offers a relaxing getaway nestled among a stunning backdrop. Exacting lines of a standing seam metal roof preside over the understated elegance of the rustic residence. 2 private suites + an office have exterior entries. 2-car garage/gym and a 2-car carport offer flexible spaces. A highly curated collection of finishes create a composition that is both modern, timeless & embodies the experience of true luxury!

Last Agent to Sell the Property

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 07/16/2020

Co-Listed By

Nancy Kogevinas

Sotheby's International Realty License #01209514

Last Buyer's Agent

Robert Riskin

Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 07/16/2020

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 1.22 Acre Lot
  • Gated Home
  • Property is Fully Fenced
  • Level Lot
  • Fruit Trees
  • Property is in excellent condition

Property Views

  • Ocean
  • Woods

Home Design

  • Brick Exterior Construction
  • Raised Foundation
  • Slab Foundation
  • Metal Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 3,075 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Home Office
  • Library
  • Home Security System

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Built-In Oven
  • Built-In Range
  • Dishwasher

Flooring

  • Stone
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Remodeled Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport

Pool

Outdoor Features

  • Property is near an ocean
  • Open Patio
  • Built-In Barbecue

Location

  • Property is near park, schools, and shops

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 011-040-035

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

1.22 Acres

Listing Details

  • Directions: Call listing agents for directions.
  • Prop. Type: Residential
  • Year Built: 1937
  • ResoPoolFeatures: Outdoor Pool
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Security System
  • Co List Office Mls Id: BERKSHIRE3
  • Co List Office Phone: 805-969-5026
  • Architectural Style: Other
  • Reso Flooring: Stone, Tile
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1937
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 1.22
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Construction Single Story2: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: 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
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Property Information Main House SqFt: 3075.0
  • Exterior BrickStone: Yes
  • GroundsLandscaping Built-in BBQ: Yes
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Rooms Office3: Yes
  • Dining Breakfast Area2: Yes
  • Dining Formal2: Yes
  • Dining In Kitchen4: Yes
  • Fireplace(s) Family Room3: Yes
  • Fireplace(s) Gas8: Yes
  • Fireplace(s) Primary Bedroom: Yes
  • Security Security Camera2: Yes
  • FlrWdw Coverings Stone2: Yes
  • WaterSewer Septic In: Yes
  • ViewOcean: Yes
  • Foundation Raised: Yes
  • Rooms LbryStudy: Yes
  • Appliances Included OvenRngeBlt-In2: Yes
  • ParkingGarage Cpt #22: Yes
  • Fireplace(s) 24: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Gas Range, Dishwasher, Dryer, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Primary Bedroom, Family Room, Gas

Exterior Features

  • Roof: Metal
  • View: Ocean, Setting, Wooded
  • Construction Type: Stone, Brick, Stucco
  • Fencing: Full
  • Acres: 1.22
  • Topography: Level
  • Exterior Features: Fruit Trees
  • Foundation Details: Slab, Raised
  • Patio And Porch Features: Patio
  • ConstructionSiding:Roof Metal: Yes

Utilities

  • Cooling: Central Air, Other
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 011-040-035
  • Zoning: R-1
  • Lot Size Sq Ft: 53143.2
  • ResoLotSizeUnits: Acres

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2025
Sold by
Bought by
Current Estimated Value
$9,417,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,682,500
Outstanding Balance
$6,567,401
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$2,850,255

Purchase Details

Listed on
Jul 16, 2020
Closed on
Aug 11, 2020
Sold by
Bought by
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$6,950,000
Sold Price
$6,787,500
Premium/Discount to List
-$162,500
-2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$5,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2019
Closed on
Jul 22, 2019
Sold by
Bought by
Seller's Agent
Sandy Lipowski
Sotheby's International Realty
Buyer's Agent
Jill Nelsen
The Agency
List Price
$2,995,000
Sold Price
$1,950,000
Premium/Discount to List
-$1,045,000
-34.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
224.35%
Original Mortgage
$3,000,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,520,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 9, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$9,900,000 Chicago Title Company
$6,787,500 Chicago Title Company
$1,950,000 Fidelity National Title Co
-- Lawyers Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $6,682,500
Previous Owner $5,250,000
Previous Owner $5,000,000
Previous Owner $3,000,000
Previous Owner $54,751
Previous Owner $2,520,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2020 08/15/20 Sold $6,787,500 -2.3% $2,207 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $6,950,000 +256.4% $2,260 / Sq Ft
07/26/2019 07/26/19 Sold $1,950,000 -34.9% $671 / Sq Ft View Prior Sale
07/10/2019 07/10/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $2,995,000 -- $1,031 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $69,399 $10,098,000 $3,570,000 $6,528,000
2025 $68,137 $6,643,426 $2,110,742 $4,532,684
2023 $68,137 $7,061,715 $2,705,040 $4,356,675
2022 $72,710 $6,923,250 $2,652,000 $4,271,250
2021 $71,165 $6,787,500 $2,600,000 $4,187,500
2020 $20,542 $1,950,000 $900,000 $1,050,000
2019 $14,711 $1,400,000 $1,400,000 $0
2018 $15,952 $1,519,073 $1,029,052 $490,021
2017 $45,335 $4,323,763 $3,362,929 $960,834
2016 $44,028 $4,238,985 $3,296,990 $941,995
2014 $42,837 $4,093,525 $3,183,854 $909,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2663

Santa Barbara Multiple Listing Service

APN: 011-040-035

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