NOT LISTED FOR SALE

871 Summit Rd Santa Barbara, CA 93108

Eucalyptus Hill Neighborhood

Estimated Value: $3,153,000 - $3,556,527

3 Beds
3 Baths
1,206 Sq Ft
$2,773/Sq Ft Est. Value

Last Sold November 13, 2024

Last sale price $3,240,000 $2,687 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $17,949/month

Highlights

  • Ocean View
  • Property is near an ocean
  • Hilly Lot
  • Santa Barbara Senior High School Rated A-
  • 2.13 Acre Lot
  • Wooded Lot

About This Home

As of November 2024

*** For Statistical Purposes**
871 Summit Road is a 2.13-acre lot featuring a charming 1941 cottage in near-original condition. Gravity heat, stand alone appliances, galvanized pipes, plenty of old wiring, pipes, etc. uneven floors. Quite the fixer and at 1,200 SF not a good candidate to fix up, or expand, as it is too small. The property on the other hand offers stunning views overlooking the Montecito Club and extends out to the Pacific Ocean. Access was over a charming, but constricting, pedestrian only bridge. Surrounded by mature trees and open, undeveloped land, this exceptional property is situated in a highly sought-after Montecito neighborhood, offering ample potential for future development. Sold as lot value.

Last Agent to Sell the Property

Scott Williams

Berkshire Hathaway HomeServices California Properties License #00628741 Listed on: 11/14/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Terence Alemann

Alemann and Associates License #01925020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1941

Lot Details

  • 2.13 Acre Lot
  • Lot Sloped Down
  • Hilly Lot
  • Wooded Lot
  • Property is zoned A-1

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces

Property Views

  • Ocean
  • Golf Course
  • Woods
  • Peek-A-Boo

Home Design

  • Cottage
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,206 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Stove
  • Gas Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Property is near an ocean
  • Patio
  • Shed

Location

  • Property is near shops
  • City Lot

Schools

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

Utilities

  • Gravity Heating System

Community Details

  • No Home Owners Association
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 015-213-014

Home Details

Home Type

Single Family

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 1941
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Not in-unit
  • ResoLotFeatures: Sloped Down
  • Architectural Style: Cal Cottage
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • Reso Other Structures: Shed(s)
  • Property Information Year Built2: 1941
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 2.13
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Hilly2: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • GroundsLandscaping Patio Open2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Rooms Ground Floor Primary: Yes
  • Appliances Included Gas Stove3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 1206.0
  • View Wooded3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Dining In Kitchen4: Yes
  • Property Information Apx Lot SqFt: 92783.0
  • GroundsLandscaping Wooded4: Yes
  • Other Buildings Shed: Yes
  • ViewOcean: Yes
  • ParkingGarage Detached: Yes
  • ParkingGarage Total # Uncovered Spaces: 4.0
  • LocationTopo Downslope2: Yes
  • Laundry Gas Hookup2: Yes
  • View PartialFiltered2: Yes
  • View Golf Course5: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Stove
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: LR

Exterior Features

  • Roof: Composition
  • View: Ocean, Setting, Wooded, Partial/Filtered, Golf Course
  • Construction Type: Stucco
  • Acres: 2.13
  • Topography: Downslope, Hilly
  • Exterior Features: Patio Open, Wooded

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 4.0
  • Parking Features: Gar #2, Detached

Utilities

  • Heating: Gravity
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Gravity: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

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

Schools

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

Lot Info

  • Parcel #: 015-213-014
  • Zoning: A-1
  • Lot Size Sq Ft: 92783.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Oct 15, 2024
Sold by
Askins Renee
Bought by
Rush Thomas W
Seller's Agent
Scott Williams
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Terence Alemann
Alemann and Associates
List Price
$3,200,000
Sold Price
$3,240,000
Premium/Discount to List
$40,000
1.25%
Current Estimated Value
$3,344,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,132
Avg. Annual Appreciation
2.84%

Purchase Details

Closed on
Jun 1, 2024
Sold by
Mahboob Erica
Bought by
Ray Mahboob

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,999
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 1997
Sold by
Rush Thomas W
Bought by
Rush Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Interest Rate
4.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rush Thomas W -- Fidelity National Title
Ray Mahboob -- Fidelity National Title
Ray Mahboob $3,240,000 Fidelity National Title
Rush Thomas W -- Santa Barbara Title Co
Rush Thomas W -- Santa Barbara Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ray Mahboob $1,999,999
Previous Owner Rush Thomas W $282,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2024 11/14/24 For Sale $3,200,000 -1.2% $2,653 / Sq Ft
11/13/2024 11/13/24 Sold $3,240,000 -- $2,687 / Sq Ft
11/13/2024 11/13/24 Pending -- -- --
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 $5,133 $3,240,000 $2,900,000 $340,000
2023 $5,133 $439,432 $362,106 $77,326
2022 $5,095 $430,816 $355,006 $75,810
2021 $4,982 $422,370 $348,046 $74,324
2020 $4,934 $418,040 $344,478 $73,562
2019 $4,488 $409,844 $337,724 $72,120
2018 $4,422 $401,808 $331,102 $70,706
2017 $4,276 $393,930 $324,610 $69,320
2016 $4,244 $386,207 $318,246 $67,961
2014 $4,131 $372,956 $307,326 $65,630
Source: Public Records

Agents Affiliated with this Home

  • Scott Williams

    Seller's Agent in 2024

    Scott Williams

    Berkshire Hathaway HomeServices California Properties

    (805) 451-9300

    3 in this area

    51 Total Sales

    Scott Williams
    Section Image
  • Terence Alemann

    Buyer's Agent in 2024

    Terence Alemann

    Alemann and Associates

    (805) 637-3378

    6 in this area

    118 Total Sales

    Terence Alemann
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-3729

Santa Barbara Multiple Listing Service

APN: 015-213-014

California Santa Barbara County Santa Barbara 93108 Eucalyptus Hill

871 Summit Rd, Santa Barbara, CA

Not Listed for Sale

Detached

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