$3,612,000 - $6,282,886
RENTED MAY 22, 2024
4 Beds
3 Baths
2,792 Sq Ft
$1,888 Price per Sq Ft

About This Home

Perched atop of a private drive in Montecito you will find expansive coastal views, stunning mountain views and a view looking down on Montecito unlike any other. Live comfortably in this 4 bedroom, 3 bathroom estate that includes all of the quintessential Spanish charm that Santa Barbara is known for (iron staircase, Spanish roof, stone patio, live oaks, outdoor living and more!). Located in a private enclave with a small handful of other estates, this home sits on over 1.5 acres, is extremely private yet close to all that Montecito has to offer. Available Unfurnished Now! this home is located in the Cold Spring Elementary attendance area.
Property is available long-term -unfurnished!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2010
Sold by
Shahid Saless Shamseddin and Shahid Saless Sallie L
Bought by
Shahid Saless Sallie L and Shahid Saless Shamseddin
Current Estimated Value
$5,272,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$722,950
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2003
Sold by
Shahid Saless Shamseddin and Shahid Saless Sallie L
Bought by
Shahid Saless Sallie L and Shahid Saless Shamseddin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 9, 1999
Sold by
Carlisle Eugene D & Elner N Trustees and Carlisle Liv Tr 6-22-93
Bought by
Shahid Saless Sallie L and Shahid Saless Shamseddin

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
7%

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
Shahid Saless Sallie L -- Fidelity National Title Co
Shahid Saless Shamseddin -- Fidelity National Title Co
Shahid Saless Sallie L -- Fidelity National Title
Shahid Saless Shamseddin -- Fidelity National Title Co
Shahid Saless Sallie L $1,325,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shahid-Saless Sallie L $2,000,000
Previous Owner Shahid Saless Sallie L $750,000
Previous Owner Shahid Saless Sallie L $1,700,000
Previous Owner Shahid Saless Sallie L $1,731,000
Previous Owner Shahid Saless Sallie L $900,000
Previous Owner Saless Sallie L $417,000
Previous Owner Shahid Saless Shamseddin $722,950
Previous Owner Shahid Saless Sallie L $729,750
Previous Owner Shahid Saless Sallie L $500,000
Previous Owner Shahid Saless Shamseddin $829,000
Previous Owner Saless Shamseddin Shahid $834,000
Previous Owner Saless Shamseddin Shahid $838,000
Previous Owner Saless Shamseddin Shahid $250,000
Previous Owner Shahid Saless Sallie L $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Rented $18,000 0.0% --
05/09/2024 05/09/24 Price Changed $18,000 -10.0% $6 / Sq Ft
04/25/2024 04/25/24 For Rent $20,000 +17.6% --
04/15/2024 04/15/24 Rented $17,000 -5.6% --
03/20/2024 03/20/24 Price Changed $18,000 -10.0% $6 / Sq Ft
03/01/2024 03/01/24 Price Changed $20,000 -16.7% $7 / Sq Ft
02/14/2024 02/14/24 For Rent $24,000 -- --

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 $22,862 $1,990,251 $1,403,434 $586,817
2022 $22,209 $1,951,227 $1,375,916 $575,311
2021 $21,771 $1,912,969 $1,348,938 $564,031
2020 $21,375 $1,893,355 $1,335,107 $558,248
2019 $20,879 $1,856,231 $1,308,929 $547,302
2018 $20,498 $1,819,835 $1,283,264 $536,571
2017 $20,076 $1,784,152 $1,258,102 $526,050
2016 $19,463 $1,749,170 $1,233,434 $515,736
2014 $18,770 $1,689,149 $1,191,109 $498,040
Source: Public Records

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