PENDING
$120K PRICE DROP
518 E Pedregosa St Santa Barbara, CA 93103
Lower Riviera NeighborhoodEstimated payment $17,916/month
Total Views
10,843
4
Beds
2.5
Baths
2,023
Sq Ft
$1,421
Price per Sq Ft
Highlights
- Ocean View
- Updated Kitchen
- Craftsman Architecture
- Santa Barbara Senior High School Rated A-
- Reverse Osmosis System
- 4-minute walk to Orpet Park
About This Home
Beautifully updated 1920's Craftsman in the heart of Santa Barbara. This recently remodeled 4 bedroom, 2 1/2 bath home offers the perfect blend of timeless charm and modern luxury, featuring an open-concept design, abundant natural light and stunning ocean, island and city views. The ground-level primary suite offers easy access and enviable views, while the spacious, light-filled living areas open up to a generous wrap-around deck, perfect for outdoor living and entertaining. The flexible floor plan includes a lower level with separate access, featuring two additional bedrooms and spacious bath with freestanding tub and shower - ideal versatility for visitors or extended family. Located in one of Santa Barbara's most desirable neighborhoods, you're just a short walk to the El Encanto Hotel and the Rose Gardens at the Santa Barbara Mission.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,438
Year Built
- Built in 1928
Lot Details
- 3,920 Sq Ft Lot
- Fenced
- Artificial Turf
- Corner Lot
- Fruit Trees
- Drought Tolerant Landscaping
- Property is in excellent condition
Parking
- Carport
Property Views
- Ocean
- Island
- Harbor
- City
- Mountain
Home Design
- Craftsman Architecture
- Raised Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 2,023 Sq Ft Home
- 2-Story Property
- Skylights
- Gas Fireplace
- Double Pane Windows
- Living Room with Fireplace
- Dining Area
Kitchen
- Updated Kitchen
- Breakfast Bar
- Built-In Electric Oven
- Built-In Electric Range
- Stove
- Microwave
- Dishwasher
- Disposal
- Reverse Osmosis System
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Remodeled Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Insulation
Outdoor Features
- Deck
- Patio
- Shed
Location
- Property is near a park
- Property is near schools
Schools
- Roosevelt Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Forced Air Heating and Cooling System
- Tankless Water Heater
- Water Softener is Owned
Community Details
- No Home Owners Association
- 15 Riviera/Lower Subdivision
Listing and Financial Details
- Assessor Parcel Number 027-062-012
- Seller Considering Concessions
Map
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Home Values in the Area
Average Home Value in this Area
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 | $22,438 | $2,900,000 | $1,400,000 | $1,500,000 |
| 2022 | $20,850 | $1,952,263 | $1,018,591 | $933,672 |
| 2021 | $20,371 | $1,913,984 | $998,619 | $915,365 |
| 2020 | $20,161 | $1,894,360 | $988,380 | $905,980 |
| 2019 | $19,809 | $1,857,216 | $969,000 | $888,216 |
| 2018 | $18,433 | $1,718,088 | $918,000 | $800,088 |
| 2017 | $13,183 | $1,242,893 | $653,516 | $589,377 |
| 2016 | $12,816 | $1,218,523 | $640,702 | $577,821 |
| 2014 | -- | $1,176,712 | $618,718 | $557,994 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2025 03/25/25 | Pending | -- | -- | -- |
| 03/15/2025 03/15/25 | Price Changed | $2,875,000 | -4.0% | $1,421 / Sq Ft |
| 01/23/2025 01/23/25 | For Sale | $2,995,000 | +3.3% | $1,480 / Sq Ft |
| 12/31/2022 12/31/22 | Sold | $2,900,000 | +3.8% | $1,434 / Sq Ft |
| 12/31/2022 12/31/22 | Pending | -- | -- | -- |
| 12/31/2022 12/31/22 | For Sale | $2,795,000 | +53.5% | $1,382 / Sq Ft |
| 04/16/2018 04/16/18 | Sold | $1,820,800 | +1.4% | $879 / Sq Ft |
| 03/17/2018 03/17/18 | Pending | -- | -- | -- |
| 03/13/2018 03/13/18 | For Sale | $1,795,000 | +6.6% | $866 / Sq Ft |
| 03/14/2017 03/14/17 | Sold | $1,684,400 | -0.6% | $833 / Sq Ft |
| 01/31/2017 01/31/17 | Pending | -- | -- | -- |
| 01/17/2017 01/17/17 | For Sale | $1,695,000 | -- | $838 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,900,000 | Chicago Title | |
| Grant Deed | $1,821,000 | First American Title Co | |
| Grant Deed | $1,684,500 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $965,000 | New Conventional | |
| Previous Owner | $238,000 | Unknown | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $206,000 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $285,700 | Unknown | |
| Previous Owner | $15,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Unknown |
Source: Public Records
Similar Homes in Santa Barbara, CA
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-348
APN: 027-062-012
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