Seller's Agent in 2024
Robert Riskin
Village Properties
(805) 698-0199
13 in this area
210 Total Sales
242 Ortega Ridge Rd Santa Barbara, CA 93108
Summerland NeighborhoodEstimated Value: $4,009,513 - $4,091,000
3
Beds
3
Baths
2,911
Sq Ft
$1,391/Sq Ft
Est. Value
Highlights
- Ocean View
- Wood Flooring
- Breakfast Area or Nook
- Property is near an ocean
- No HOA
- Formal Dining Room
About This Home
As of November 2024Experience timeless elegance and versatility with this neo-classical gem, offering ocean and mountain views from a spacious acre. Featuring dual living areas, each with its own kitchen and fireplace, this residence is ideal as a full-time home, weekend getaway, hosting guests, or multi-generational living. The upper level hosts two bedroom suites including the serene primary with a morning room and stunning vistas. Downstairs a private entrance leads to a bedroom and versatile flex room, ideal for an office or gym. Relax and entertain on multiple patios and terraces, and envision your dream pool, ADU, or motor court. Just minutes from Montecito's top destinations and beaches, this property combines classic charm with modern convenience making it the perfect place to call home.
Last Listed By
Village Properties License #01815307 / 01447045 / 01954177 / 01951069 Listed on: 09/20/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $36,679
Year Built
- Built in 1921
Lot Details
- 1 Acre Lot
- Level Lot
- Property is in excellent condition
Parking
- Uncovered Parking
Property Views
- Ocean
- Coastline
- Mountain
Home Design
- Flat Roof Shape
- Stucco
Interior Spaces
- 2,911 Sq Ft Home
- 2-Story Property
- Family Room with Fireplace
- Living Room with Fireplace
- Formal Dining Room
- Home Security System
- Breakfast Area or Nook
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Property is near an ocean
Location
- Property is near schools
- Property is near shops
Schools
- Summerland Elementary School
- Carp. Jr. Middle School
- Carp. Sr. High School
Utilities
- Cooling Available
- Forced Air Heating System
- Heat Pump System
- Septic System
Community Details
- No Home Owners Association
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 005-110-005
- Seller Concessions Offered
- Seller Will Consider Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2024
Closed on
Oct 28, 2024
Sold by
Roman Palace Llc
Bought by
242 Ortega Ridge Road Llc
Seller's Agent
Robert Riskin
Village Properties
Buyer's Agent
Robert Riskin
Village Properties
List Price
$3,950,000
Sold Price
$3,995,000
Premium/Discount to List
$45,000
1.14%
Total Days on Market
8
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,378
Avg. Annual Appreciation
2.80%
Original Mortgage
$3,196,000
Outstanding Balance
$3,180,204
Interest Rate
6.09%
Mortgage Type
Seller Take Back
Estimated Equity
$868,174
Purchase Details
Listed on
Sep 14, 2023
Closed on
Sep 28, 2023
Sold by
Wynne Ahern Trust
Bought by
Roman Palace Llc
Seller's Agent
Joshua Ramirez
Christie's International RE SoCal
Buyer's Agent
Robert Riskin
Village Properties
List Price
$3,495,000
Sold Price
$3,495,000
Views
107
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%
Purchase Details
Listed on
Nov 11, 2021
Closed on
Jan 31, 2022
Sold by
Lynn Garlock Terri
Bought by
Wynne Ahern Trust
Seller's Agent
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Joshua Ramirez
Compass
List Price
$3,995,000
Sold Price
$3,150,000
Premium/Discount to List
-$845,000
-21.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$2,000,000
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 13, 2021
Closed on
Sep 20, 2021
Sold by
Handley Terri Lynn
Bought by
Garlock Terri Lynn
Seller's Agent
Clare Lombardi
Cambria Property Management & Real Estate
Buyer's Agent
Clare Lombardi
Cambria Property Management & Real Estate
Sold Price
$17,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 4, 2004
Sold by
Mayorga Lincoln
Bought by
Garlock Terri L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.87%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 23, 1998
Sold by
Bauer Mayorga Sheri Norma
Bought by
Mayorga Lincoln
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,200
Interest Rate
7%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 242 Ortega Ridge Road Llc | $3,995,000 | Chicago Title | |
| Roman Palace Llc | $3,495,000 | Fidelity National Title Compan | |
| Wynne Ahern Trust | $3,150,000 | Fidelity National Title | |
| Garlock Terri Lynn | -- | Chicago Title Company | |
| Handley Terri Lynn | -- | Chicago Title Company | |
| Garlock Terri L | -- | First American Title Company | |
| Mayorga Lincoln | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 242 Ortega Ridge Road Llc | $3,196,000 | |
| Previous Owner | Wynne Ahern Trust | $2,000,000 | |
| Previous Owner | Handley Terri Lynn | $800,000 | |
| Previous Owner | Garlock Terri | $30,000 | |
| Previous Owner | Garlock Terri L | $1,500,000 | |
| Previous Owner | Garlock Terri L | $547,500 | |
| Previous Owner | Garlock Terri L | $435,000 | |
| Previous Owner | Garlock Terri L | $200,000 | |
| Previous Owner | Garlock Terri L | $1,500,000 | |
| Previous Owner | Garlock Terri L | $1,000,000 | |
| Previous Owner | Garlock Terri L | $400,000 | |
| Previous Owner | Garlock Terri L | $850,000 | |
| Previous Owner | Mayorga Lincoln | $236,783 | |
| Previous Owner | Mayorga Lincoln Robert | $50,000 | |
| Previous Owner | Mayorga Lincoln | $214,200 | |
| Closed | Garlock Terri L | $375,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2024 11/01/24 | Sold | $3,995,000 | +1.1% | $1,372 / Sq Ft |
| 09/28/2024 09/28/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $3,950,000 | +13.0% | $1,357 / Sq Ft |
| 10/04/2023 10/04/23 | Sold | $3,495,000 | 0.0% | $1,201 / Sq Ft |
| 09/22/2023 09/22/23 | Pending | -- | -- | -- |
| 09/14/2023 09/14/23 | For Sale | $3,495,000 | +11.0% | $1,201 / Sq Ft |
| 02/09/2022 02/09/22 | Sold | $3,150,000 | -21.2% | $1,082 / Sq Ft |
| 01/05/2022 01/05/22 | Pending | -- | -- | -- |
| 11/11/2021 11/11/21 | For Sale | $3,995,000 | 0.0% | $1,372 / Sq Ft |
| 08/13/2021 08/13/21 | Rented | $17,000 | -15.0% | -- |
| 08/13/2021 08/13/21 | For Rent | $20,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $36,679 | $3,150,000 | $1,800,000 | $1,350,000 |
| 2022 | $18,353 | $1,743,260 | $1,379,188 | $364,072 |
| 2021 | $17,599 | $1,674,080 | $1,352,146 | $321,934 |
| 2020 | $15,595 | $1,483,000 | $1,196,000 | $287,000 |
| 2019 | $15,258 | $1,454,000 | $1,173,000 | $281,000 |
| 2018 | $15,043 | $1,425,000 | $1,150,000 | $275,000 |
| 2017 | $14,358 | $1,357,000 | $1,095,000 | $262,000 |
| 2016 | $13,701 | $1,292,000 | $1,043,000 | $249,000 |
| 2014 | $11,413 | $1,118,000 | $903,000 | $215,000 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Riskin
-
J
Seller's Agent in 2023
Joshua Ramirez
Christie's International RE SoCal
-
Timothy Di Prizito
Seller Co-Listing Agent in 2023
Timothy Di Prizito
Christie's International RE SoCal
(310) 266-2777
1 in this area
42 Total Sales
-
Michael Calcagno
M
Seller's Agent in 2022
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
(805) 896-0876
3 in this area
308 Total Sales
-
John Faulkner
J
Buyer Co-Listing Agent in 2022
John Faulkner
Compass
(805) 570-9454
2 in this area
12 Total Sales
-
Clare Lombardi
C
Seller's Agent in 2021
Clare Lombardi
Cambria Property Management & Real Estate
(805) 448-6763
Map
Similar Homes in Santa Barbara, CA
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-3150
APN: 005-110-005
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