Seller's Agent in 2024
Scott Williams
Berkshire Hathaway HomeServices California Properties
(805) 451-9300
3 in this area
61 Total Sales
871 Summit Rd Santa Barbara, CA 93108
Eucalyptus Hill NeighborhoodEstimated Value: $3,163,000 - $3,406,000
3
Beds
3
Baths
1,206
Sq Ft
$2,728/Sq Ft
Est. Value
Highlights
- Ocean View
- Property is near an ocean
- Hilly Lot
- Santa Barbara Senior High School Rated A-
- 2.13 Acre Lot
- Wooded Lot
About This Home
As of November 2024*** 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.
Last Listed By
Berkshire Hathaway HomeServices California Properties License #00628741 Listed on: 11/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,133
Year Built
- Built in 1941
Lot Details
- 2.13 Acre Lot
- Lot Sloped Down
- Hilly Lot
- Wooded Lot
- Property is zoned A-1
Parking
- 2 Car Detached Garage
- 4 Open Parking Spaces
Property Views
- Ocean
- Golf Course
- Woods
- Peek-A-Boo
Home Design
- Cottage
- Composition Roof
- Stucco
Interior Spaces
- 1,206 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Wood Flooring
- Stove
- Gas Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Property is near an ocean
- Patio
- Shed
Location
- Property is near shops
- City Lot
Schools
- Cleveland Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Gravity Heating System
Community Details
- No Home Owners Association
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 015-213-014
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,545
Avg. Annual Appreciation
1.14%
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%
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 |
|---|---|---|---|
| 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
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ray Mahboob | $1,999,999 | |
| Previous Owner | Rush Thomas W | $250,000 | |
| Previous Owner | Rush Thomas W | $546,000 | |
| Previous Owner | Rush Thomas W | $150,000 | |
| Previous Owner | Rush Thomas W | $300,000 | |
| Previous Owner | Rush Thomas W | $282,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
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 | $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
-
Terence Alemann
Buyer's Agent in 2024
Terence Alemann
Alemann and Associates
(805) 637-3378
5 in this area
126 Total Sales
Map
Similar Homes in Santa Barbara, CA
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-3729
APN: 015-213-014
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