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2720 Montecito Ranch Lane

2720 Montecito Ranch Lane, Summerland, CA 93067
Sold Dec 24, 2019
$8,350,000
Seller
$8,400,000 by Hsbc Bank Usa Na
Mortgage Due Jan 01, 2054
2720 Montecito Ranch Lane in Summerland, CA was first built in 2019 and is 5 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 2720 Montecito Ranch Lane has 5,559 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 251,777 square feet.

Learn more about the property and building on this page. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Dec 9, 2019 for $8,350,000. That's $1,502.07 per sqft. 2720 Montecito Ranch Lane was last assessed in 2023. The total value of the property was assessed at $8,777,339. Specifically, the land the property is located on was valued at $3,153,535. While improvements on the property were assessed at a total of $5,623,804. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $92,687. The initial tax year of delinquency was in 2022. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Condition

New Construction
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 251,777
  • Total Building Area: 5,559
  • Building Area: 5,559
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,559
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AMENDING MAP OF TRACT NO 14290
  • Land Acres: 5.78
  • Standard Land Use Code: Residential (general) (single)

Ownership

  • Current Owner : MR PLACE 6 LLC
  • Previous Owner : MRE 6 LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Carpinteria Unified School District
  • Census Tract: 001706

Geography

  • Parcel: 005-210-073
  • Municipality: CARPINTERIA COUNTY
  • Latitude: 34.4219
  • Longitude: -119.588

    Address

  • Full Address: 2720 Montecito Ranch Pl
  • Address - House Number: 2720
  • Address - Street Name: Montecito Ranch
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Summerland
  • Zip Code: 93067

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $92,687
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 59-077

    Appraisal Valuation

  • Standard Deviation: 0.2524
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 64
  • Final Value: 5,006,112
  • High Value: 6,269,999
  • Low Value: 3,742,224

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,400,000
  • First Open Lien Mortgage Lender: HSBC BANK USA NA
  • First Open Lien Mortgage Recording Date: Dec 29, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $8,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,777,339
  • Assessed Land Value: $3,153,535
  • Assessed Improvements Value: $5,623,804

    Sales

  • Current Sale Contract Date: Dec 09, 2019
  • Current Sale Recording Date: Dec 24, 2019
  • Current Sale Transaction ID: 11711646295
  • Current Sale Price: $8,350,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019-0059930

    Last Sale Mortgage

  • First Mortgage Lender: PREMIER AMERICA CU
  • First Mortgage Transaction Date: Dec 24, 2019
  • First Mortgage Loan Amount: $5,010,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Montecito Ranch Estates



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Frequently Asked Questions

What neighborhood is 2720 Montecito Ranch Lane located in?
The 2720 Montecito Ranch Lane is a house located in the neighborhood of Montecito Ranch Estates in Montecito Ranch Estates, Summerland.
What is the average sales price for listings in 2720 Montecito Ranch Lane?
The average sales price for units in 2720 Montecito Ranch Lane is $0 currently.

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