NOT LISTED FOR SALE

2775 Sycamore Canyon Rd Santa Barbara, CA 93108

Estimated Value: $4,966,000 - $5,741,000

4 Beds
3 Baths
1,254 Sq Ft
$4,179/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $5,300,000 $4,226 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $31,424/month

116 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Detached Garage
  • Cold Spring Elementary School Rated A
  • Property is near a park
  • Fireplace

About This Home

As of November 2024

Enchanting ultra-private estate located in the heart of Montecito in the highly sought-after Cold Spring School District. Enter the gated 1+/- acre property, and you will find not only one, but two inviting homes providing a modern compound on the manicured park-like grounds designed for entertaining and serenity.

The charming single-level main house with a new roof includes 2 bedrooms + loft and 1 bathroom, a remodeled kitchen with Bosch appliances, vaulted ceilings, and a cozy living area with a fireplace. The home overlooks the sprawling parcel, complete with multiple outdoor seating areas, including a large entertainment patio with a built-in BBQ, outdoor fire pit, planter beds ready for full bloom, putting green, generous motor court, and additional structure perfect for a flex space for an office, art studio, or exercise room.

Elevating the property even further, the grounds are complete with a brand new 2 bedroom, 2 bathroom home (ADU) finalized in 2024 with 10 foot high ceilings, a gourmet kitchen complete with a Wolf stove and Miele appliances, HALO water filtration system, A/C, custom made white oak cabinets, and open-plan living room with an electric fireplace and bifold Euroline steel doors designed for seamless indoor/outdoor living leading out to the covered patio. The home features spacious bedrooms, spa-like bathrooms, and large closets with custom built-ins. No detail was missed with solar panels on the roof and an expansive detached +/- 750 sq. ft. 2.5-car garage with a 60 amp receptacle for a car charger and private laundry area.

The ADU was built with a vision for multigenerational living, and while both homes are move-in ready, there is plenty of room to make your own vision come to life by expanding upon the main residence to create your dream home.

This property includes many unseen site improvements, including a new underground electrical pole to a 400 amp panel in the trash enclosure providing 200 amp to the ADU and 200 amp at the main house, a new sewer lateral with 2 backflow devices, all new underground sewer, and new underground gas and water lines.

Privacy coupled with proximity, the property is close to the Montecito villages, hiking trails, beaches, shopping, fine dining, and all that Montecito has to offer, making it the ideal place to call home.

Please see floor plans. Main home is +/- 1254 sq. ft. and ADU is +/- 1199 sq. ft., with a +/- total sq. ft. of 2453 sq. ft. on the two structures. Garage is +/- 750 sq. ft.

Last Listed By

Emily Kellenberger

Village Properties License #01397913 | 02047418 | 02133758 | 02150975 Listed on: 06/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,088

Year Built

  • Built in 1930

Lot Details

  • 1 Acre Lot
  • Gated Home
  • Property is in excellent condition

Parking

  • Detached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,254 Sq Ft Home
  • Fireplace
  • Laundry Room

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Home Security

  • Video Cameras
  • Fire and Smoke Detector

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Schools

  • Cold Spring Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 011-120-054
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,088

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoSecurityFeatures: Gate:Elec, Security Camera, Smoke Detector(s)
  • Reso Flooring: Carpet, Other, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1930
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Cold Spring
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1254.0
  • Proximity Near Shopping2: Yes
  • Security Security Camera2: Yes
  • Property Information Apx Lot SqFt: 43560.0
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Gar #24: Yes
  • HeatingCooling AC Central2: Yes
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • HeatingCooling GFA: Yes
  • Amenities Patio2: Yes
  • Parking Info Detached3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 1.0
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Gar #2, Detached

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes

Schools

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

Lot Info

  • Parcel #: 011-120-054
  • Zoning: R-1
  • Lot Size Sq Ft: 43560.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Oct 25, 2024
Sold by
Bailey Ryan
Bought by
Stiefler Jeffrey and Stiefler Suzanne
Seller's Agent
Emily Kellenberger
Village Properties
Buyer's Agent
Dusty Baker
Sotheby's International Realty
List Price
$6,750,000
Sold Price
$5,300,000
Premium/Discount to List
-$1,450,000
-21.48%
Total Days on Market
116
Views
237
Current Estimated Value
$5,240,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,313
Avg. Annual Appreciation
-2.37%

Purchase Details

Listed on
Jan 20, 2016
Closed on
Feb 5, 2016
Sold by
Allen Marcus
Bought by
Bailey Ryan
Seller's Agent
Jason Streatfeild
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Angelina Bernardi
Sun Coast Real Estate
List Price
$1,295,000
Sold Price
$1,475,000
Premium/Discount to List
$180,000
13.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.78%
Original Mortgage
$1,180,000
Interest Rate
3.98%
Mortgage Type
Unknown

Purchase Details

Listed on
Nov 21, 2013
Closed on
Oct 29, 2014
Sold by
Allen Marcus
Bought by
Allen Marcus
Seller's Agent
Jordan Cohen
RE/MAX ONE
Buyer's Agent
Jordan Cohen
RE/MAX ONE
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.16%
Original Mortgage
$840,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2013
Closed on
Sep 4, 2014
Sold by
Doves Nest Llc
Bought by
Allen Marcus
Seller's Agent
Jordan Cohen
RE/MAX ONE
Buyer's Agent
Jordan Cohen
RE/MAX ONE
List Price
$1,050,000
Sold Price
$1,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2013
Sold by
Melchiori Heather
Bought by
Doves Nest Llc

Purchase Details

Closed on
Jul 20, 2012
Sold by
Melchiori Mark
Bought by
Melchiori Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2006
Sold by
Oswald Yoshiko
Bought by
Melchiori Mark and Melchiori Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
1.4%
Mortgage Type
Negative Amortization

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Stiefler Jeffrey $5,300,000 Fidelity National Title
Bailey Ryan $1,475,000 First American Title Company
Allen Marcus -- None Available
Allen Marcus $1,050,000 Fidelity National Title Co
Doves Nest Llc -- None Available
Melchiori Heather -- Chicago Title Company
Melchiori Mark -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Ryan $3,000,000
Previous Owner Bailey Ryan $1,500,000
Previous Owner Bailey Ryan $1,180,000
Previous Owner Bailey Ryan $1,180,000
Previous Owner Allen Marcus $840,000
Previous Owner Melchiori Heather S $140,000
Previous Owner Melchiori Mark $1,275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2024 11/04/24 Sold $5,300,000 0.0% $2,161 / Sq Ft
11/04/2024 11/04/24 Sold $5,300,000 -7.8% $4,226 / Sq Ft
10/20/2024 10/20/24 Pending -- -- --
10/20/2024 10/20/24 Pending -- -- --
10/05/2024 10/05/24 Price Changed $5,750,000 0.0% $4,585 / Sq Ft
10/05/2024 10/05/24 Price Changed $5,750,000 -4.1% $2,344 / Sq Ft
09/04/2024 09/04/24 Price Changed $5,995,000 0.0% $4,781 / Sq Ft
09/04/2024 09/04/24 Price Changed $5,995,000 -4.8% $2,444 / Sq Ft
06/25/2024 06/25/24 For Sale $6,299,000 0.0% $5,023 / Sq Ft
06/24/2024 06/24/24 Price Changed $6,299,000 -3.0% $2,568 / Sq Ft
05/17/2024 05/17/24 Price Changed $6,495,000 -3.8% $2,648 / Sq Ft
04/10/2024 04/10/24 For Sale $6,750,000 +357.6% $2,752 / Sq Ft
02/12/2016 02/12/16 Sold $1,475,000 +13.9% $1,951 / Sq Ft
02/03/2016 02/03/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $1,295,000 +23.3% $1,713 / Sq Ft
09/30/2014 09/30/14 Sold $1,050,000 0.0% $1,389 / Sq Ft
08/31/2014 08/31/14 Pending -- -- --
11/21/2013 11/21/13 For Sale $1,050,000 -- $1,389 / Sq Ft
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
2023 $26,088 $1,678,294 $1,422,285 $256,009
2022 $18,951 $1,645,388 $1,394,398 $250,990
2021 $18,581 $1,613,126 $1,367,057 $246,069
2020 $18,236 $1,596,586 $1,353,040 $243,546
2019 $17,852 $1,565,281 $1,326,510 $238,771
2018 $17,562 $1,534,590 $1,300,500 $234,090
2017 $17,190 $1,504,500 $1,275,000 $229,500
2016 $14,532 $1,269,062 $1,218,300 $50,762
2015 $14,186 $1,250,000 $1,200,000 $50,000
2014 $20,571 $1,857,988 $1,639,404 $218,584
Source: Public Records

Agents Affiliated with this Home

  • Emily Kellenberger

    Seller's Agent in 2024

    Emily Kellenberger

    Village Properties

    (805) 252-2773

    10 in this area

    64 Total Sales

    Emily Kellenberger
    Section Image

  • D

    Buyer's Agent in 2024

    Dusty Baker

    Sotheby's International Realty

    (805) 570-0102

    15 in this area

    104 Total Sales

    Dusty Baker
    Section Image

  • J

    Seller's Agent in 2016

    Jason Streatfeild

    Berkshire Hathaway HomeServices California Properties

  • A

    Buyer's Agent in 2016

    Angelina Bernardi

    Sun Coast Real Estate

  • A

    Buyer's Agent in 2016

    Angelina Knothe

    Berkshire Hathaway HomeServices California Properties

  • Jordan Cohen

    Seller's Agent in 2014

    Jordan Cohen

    RE/MAX ONE

    (818) 435-5219

    227 Total Sales

    Jordan Cohen
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2089

Santa Barbara Multiple Listing Service

APN: 011-120-054

California Santa Barbara County Santa Barbara 93108

2775 Sycamore Canyon Rd, Santa Barbara, CA

Homes for Sale in Santa Barbara, CA

This home is located at 2775 Sycamore Canyon Rd, Santa Barbara, CA 93108 since 25 June 2024 and is currently estimated at $5,240,687, approximately $4,179 per square foot. This property was built in 1930. 2775 Sycamore Canyon Rd is a home located in Santa Barbara County with nearby schools including Cold Spring Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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