NOT LISTED FOR SALE

871 Summit Rd Santa Barbara, CA 93108

Eucalyptus Hill Neighborhood

Estimated Value: $2,823,000 - $3,799,366

3 Beds
3 Baths
1,206 Sq Ft
$2,711/Sq Ft Est. Value

Sale Details

Date 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 $18,581 / mo

About This Home

*** 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.

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
$3,347,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,822
Avg. Annual Appreciation
0.59%

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
Collateral Analytics

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ICE

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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

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
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

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 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 Prior Sale
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 View Prior Sale
11/13/2024 11/13/24 Pending -- -- --

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

    47 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

California Santa Barbara County Santa Barbara 93108 Eucalyptus Hill

871 Summit Rd, Santa Barbara, CA

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