NOT LISTED FOR SALE

87 Butterfly Ln Santa Barbara, CA 93108

Estimated Value: $2,492,000 - $3,919,000

2 Beds
2.5 Baths
3,195 Sq Ft
871 Sq Ft Lot Lot

Sale Details

Date Sold: March 22, 2013

Last sale price $1,505,000 $471 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $17,543 / mo

5 Days on Market

Highlights

  • Spa
  • Property is near an ocean
  • Reverse Osmosis System
  • Santa Barbara Senior High School Rated A-
  • Updated Kitchen
  • Property is near public transit, shops, and bus stop

About This Home

As of March 2013

A block from Butterfly Beach, the Biltmore, & Coast Village Rd, this exquisite 2-floor English Tudor residence offers endless beauty, sophistication, & generous amenities. The home contains 2 ample suite-style bds w/ renovated baths, gourmet kitchen w/ dining & spacious LV room w/ fireplace. Entertaining grounds, w/ hot tub, putting green, waterfall, exterior fireplace.

Last Agent to Sell the Property

Crysta Metzger

Coldwell Banker Realty Listed on: 02/15/2013

Last Buyer's Agent

Stephen Slavin

Sotheby's International Realty License #00493760

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1977

Lot Details

  • Back Yard Fenced
  • Lawn
  • Property is in excellent condition

Parking

  • Garage

Home Design

  • Tudor Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Home Security System
  • Laundry Room
  • Property Views

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Gas Range
  • Microwave
  • Dishwasher
  • Reverse Osmosis System

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom

Outdoor Features

  • Spa
  • Property is near an ocean
  • Gazebo

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Property is near public transit, shops, and bus stop
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Exclusions: Other
  • Assessor Parcel Number 009-560-002

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Butterfly Lane Condo Community

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1977

Lot Details

871 Sq Ft Lot

Listing Details

  • Directions: Beach side of Butterfly Ln. - Property past Music Academy driveway
  • Prop. Type: Residential
  • Year Built: 1977
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level, Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Security System, Smoke Detector(s)
  • Subdivision Name: Other
  • Architectural Style: Tudor
  • Reso Flooring: Wood, Tile
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1977
  • Property Information Total #Units: 3
  • NeighborhoodSchools Elementary School: Mont Union
  • 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
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Lawn2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Microwave3: Yes
  • Fireplace(s) LR: Yes
  • Security Security System: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Cooling Central Air: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Dining Breakfast Area2: Yes
  • Appliances Included Rev Osmosis2: Yes
  • Proximity Near Bus: Yes
  • Location Info Development Name: Butterfly Lane Condo
  • Roof:Tile2: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • FlrWdw Coverings Wood2: Yes
  • Pets Yes: Yes
  • Dining In Living Room2: Yes
  • GroundsLandscaping Gazebo2: Yes
  • Style Tudor2: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Microwave, Rev Osmosis
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: LR

Exterior Features

  • Roof: Tile
  • View: Setting
  • Construction Type: Stucco
  • Topography: Level
  • Exclusions: Other
  • Exterior Features: Hot Tub, Gazebo, Lawn, Fenced: ALL, Fenced: BCK
  • Foundation Details: Slab

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Parcel #: 009-560-002
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2013
Closed on
Mar 20, 2013
Sold by
Alta Community Investment Vi Llc
Bought by
Nary Kevin Russell and Nary Laura Jean
Seller's Agent
Crysta Metzger
Coldwell Banker Realty
Buyer's Agent
Stephen Slavin
Sotheby's International Realty
List Price
$1,395,000
Sold Price
$1,505,000
Premium/Discount to List
$110,000
7.89%
Current Estimated Value
$2,984,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,479,446
Avg. Annual Appreciation
5.34%

Purchase Details

Closed on
Jan 17, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Alta Community Investment Vi Llc

Purchase Details

Closed on
Nov 26, 2012
Sold by
Goldstein Lewis and Goldstein Carolyn E
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
May 13, 2002
Sold by
Reeve William T and Reeve Beverly E
Bought by
Goldstein Lewis and Goldstein Carolyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%

Purchase Details

Closed on
Apr 1, 2002
Sold by
Reeve William T and Reeve Beverly E
Bought by
Reeve William T and Reeve Beverly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6%

Purchase Details

Closed on
Oct 8, 1996
Sold by
Reeve William T
Bought by
Reeve William T and Reeve Beverly E

Purchase Details

Closed on
Aug 15, 1992
Sold by
Reeve William T and Reeve Suzanne M
Bought by
Reeve William T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Nary Kevin Russell $1,505,000 First American Title Company
Alta Community Investment Vi Llc $945,000 None Available
Nationstar Mortgage Llc $1,338,808 None Available
Goldstein Lewis $890,000 Stewart Title
Reeve William T -- Stewart Title
Reeve William T -- --
Reeve William T -- --
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
Previous Owner Goldstein Lewis $650,000
Previous Owner Reeve William T $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2013 03/22/13 Sold $1,505,000 +7.9% $471 / Sq Ft
02/20/2013 02/20/13 Pending -- -- --
02/15/2013 02/15/13 For Sale $1,395,000 -- $437 / 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 $19,507 $1,853,287 $985,138 $868,149
2023 $19,507 $1,781,324 $946,885 $834,439
2022 $18,816 $1,746,397 $928,319 $818,078
2021 $18,428 $1,712,155 $910,117 $802,038
2020 $18,250 $1,694,600 $900,785 $793,815
2019 $17,903 $1,661,373 $883,123 $778,250
2018 $17,566 $1,628,798 $865,807 $762,991
2017 $17,233 $1,596,862 $848,831 $748,031
2016 $16,733 $1,565,552 $832,188 $733,364
2014 $16,176 $1,511,832 $803,632 $708,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Crysta Metzger

    Coldwell Banker Realty

  • S

    Buyer's Agent in 2013

    Stephen Slavin

    Sotheby's International Realty

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-529

Santa Barbara Multiple Listing Service

APN: 009-560-002

California Santa Barbara County Santa Barbara 93108

87 Butterfly Ln, Santa Barbara, CA

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