NOT LISTED FOR SALE

900 Hot Springs Montecito, CA 93108

Estimated Value: $8,063,000 - $17,402,148

6 Beds
11 Baths
7,733 Sq Ft
$1,647/Sq Ft Est. Value

About This Home

This home is located at 900 Hot Springs, Montecito, CA 93108 and is currently estimated at $12,732,574, approximately $1,646 per square foot. 900 Hot Springs is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Our Lady of Mount Carmel School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2019
Sold by
Clemens Bart
Bought by
Hot Springs Llc
Current Estimated Value
$12,732,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,000,000
Outstanding Balance
$6,189,548
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
$6,543,026

Purchase Details

Closed on
May 2, 2007
Sold by
Morouse James M and Morouse Mary E
Bought by
Clemens Barton E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
6.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 3, 2001
Sold by
Udall Kristina C
Bought by
Morouse James M and Morouse Mary E

Purchase Details

Closed on
Oct 22, 1999
Sold by
Webb Robert E
Bought by
Udall Kristina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 30, 1998
Sold by
Panikkar Raimundo
Bought by
Webb Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,202,500
Interest Rate
6.6%

Purchase Details

Closed on
Mar 11, 1998
Sold by
Panikkar Raimundo
Bought by
Center For Cross Cultural Religious Stud
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Hot Springs Llc $13,600,000 Chicago Title Company
Clemens Barton E -- Landamerica Lawyers Title Co
Morouse James M -- --
Udall Kristina C -- Lawyers Title Company
Webb Robert E -- Equity Title Company
Center For Cross Cultural Religious Stud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hot Springs Llc $7,000,000
Previous Owner Clemens Barton E $9,000,000
Previous Owner Udall Kristina C $1,200,000
Previous Owner Webb Robert E $1,202,500
Closed Webb Robert E $1,136,000
Source: Public Records

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 $157,617 $15,407,613 $4,921,407 $10,486,206
2023 $157,617 $14,809,318 $4,730,303 $10,079,015
2022 $152,034 $14,518,940 $4,637,552 $9,881,388
2021 $147,915 $14,145,040 $4,546,620 $9,598,420
2020 $146,434 $14,000,000 $4,500,000 $9,500,000
2019 $224,630 $21,618,860 $10,809,430 $10,809,430
2018 $220,256 $21,194,962 $10,597,481 $10,597,481
2017 $216,445 $20,779,376 $10,389,688 $10,389,688
2016 $209,930 $20,371,938 $10,185,969 $10,185,969
2015 $207,027 $20,065,934 $10,032,967 $10,032,967
2014 -- $19,672,872 $9,836,436 $9,836,436
Source: Public Records

Map

California Santa Barbara County Montecito 93108

900 Hot Springs, Montecito, CA

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