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231 Butterfly Lane

231 Butterfly Lane, Santa Barbara, CA 93108
Property in Santa Barbara
Sold Sep 08, 2023
$5,400,000
Sold Jan 27, 2023
$4,800,000
$3,500,000 by Tradition Capital Bank
Mortgage
Local assessors in Santa Barbara, CA have categorized 231 Butterfly Lane as a residential type of property. The home was built in 1970 and is 54 years old. The property's lot size has been calculated to be 17,860 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 231 Butterfly Lane has a total of 2,360 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 231 Butterfly Lane was last sold in Aug 28, 2023 for $5,400,000. According to our calculations, that's $2,288.14 per sqft. Prior to that sales transaction, the property was sold for $4,800,000 in Dec 23, 2022. Current property owners are expected to pay $37,989 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 231 Butterfly Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,589,380. To break that down further, the land itself was valued at $1,716,660. While improvements to the property were assessed at a total of $1,872,720. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 2,360
  • Building Area: 2,360
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANDS/MONTECITO LAND CO
  • Land Acres: 0.41
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MONT LAND CO LOTS OF BLK 23

Ownership

  • Current Owner : DEARBORN PROPERTY TRUST
  • Current Owner 2: ALTMAN
  • Previous Owner : DORSEY FAMILY HOLDINGS LLC
  • Owner Before Previous Owner: DIAZ FAMILY TRUST
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montecito Union Elementary School District
  • Census Tract: 001404

Zoning

  • Zoning: 2E1

Geography

  • Assessors Map Reference: 20-E2
  • Parcel: 009-112-020
  • Block: 23
  • Lot: B
  • Municipality: MONTECITO COUNTY
  • Latitude: 34.4264
  • Longitude: -119.647

    Address

  • Full Address: 231 Butterfly Ln
  • Address - House Number: 231
  • Address - Street Name: Butterfly
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Santa Barbara
  • Carrier Code: C024
  • 4-Digit Zip Code: 2455
  • Zip Code: 93108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,989
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 78-012

    Appraisal Valuation

  • Standard Deviation: 0.1933
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 5,004,994
  • High Value: 5,972,565
  • Low Value: 4,037,424

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,589,380
  • Assessed Land Value: $1,716,660
  • Assessed Improvements Value: $1,872,720

    Sales

  • Current Sale Contract Date: Aug 28, 2023
  • Current Sale Recording Date: Sep 08, 2023
  • Current Sale Transaction ID: 11912552233
  • Current Sale Price: $5,400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 26267
  • Previous Sale Recording Date: Jan 27, 2023
  • Previous Sale Contract Date: Dec 23, 2022
  • Previous Sale Amount: $4,800,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: TRADITION CAPITAL BANK
  • Previous Mortgage Transaction Date: Jan 27, 2023
  • Previous Mortgage Loan Amount: $3,500,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Montecito



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Nearby Rentals

Unit for rent at 1220 Coast Village Road, SANTA BARBARA, CA, 93108

$6,250 /mo

  • 2 Beds
  • 2 Baths
  • 1,209 ft²
1220 Coast Village Road #203, SANTA BARBARA, CA, 93108 Listing by DeAnn Rochelle

Frequently Asked Questions

What neighborhood is 231 Butterfly Lane located in?
The 231 Butterfly Lane is a located in the neighborhood of Santa Barbara in Montecito, Santa Barbara.
What is the average sales price for listings in 231 Butterfly Lane?
The average sales price for units in 231 Butterfly Lane is $0 currently.

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