See Home Value
Montecito 93108
525 Hot Springs Rd
$5,944,996*
Land - Off Market

525 Hot Springs Rd

MONTECITO, CA 93108
bedrooms
Studio
bathrooms
0 Bath
$5,175,000 - $6,325,000
Reference Base Price*
3.39%
Since Sep 1, 2022
National-US
Primary Model
Sold Oct 05, 2018
$3,300,000
Sold Jan 16, 2002
$1,350,000

About This Property

Dream big in Montecito's Golden Quadrangle! This 2-acre mountain view parcel offers an incredible opportunity to build the estate you've always wanted. Valuable approved/permitted true Santa Barbara style plans designed by Becker, Henson, Niksto (4bd, apx 6000 sq ft residence + pool, cabana and workshop) allow you to begin construction right away & avoid the lengthy 2+year design/approval process. Mature trees, mountain views, a level lot, and an A+ location create a beautiful environment to support the residence. Site prep done by DD Ford is of the highest quality. Just minutes away from many legacy estates, the Upper & Lower Villages, Butterfly Beach, Montecito Union School and some of Santa Barbara's best hiking trails, this is an ideal location for your version of the California Dream!
Unit Size
-
Days on Market
-
Land Size
2.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$3
Year Built
1953

Price History

Date / Event Date Event Price
Aug 25, 2022 No longer available -
No longer available
Aug 11, 2022 In contract -
In contract
May 1, 2021 Listed $5,750,000
Listed
Oct 5, 2018 Sold to Hot Springs Road Llc 525 $3,300,000
Sold to Hot Springs Road Llc 525
Jan 16, 2002 Sold to A M Massie $1,350,000
Sold to A M Massie

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,091
  • Building Area: 2,091
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,091
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OUTSIDE PUEBLO LANDS
  • Land Acres: 1
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 525 HOT SPRINGS ROAD LLC
  • Previous Owner : WU LLC
  • Owner Before Previous Owner: TUGWELL TYLER
  • Owner Before Previous Owner 2: TUGWELL FAMILY TRUST REVOCABLE LIVING TR
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • Census Tract: 001500

Geography

  • Parcel: 011-171-019
  • Municipality: MONTECITO COUNTY
  • Latitude: 34.4369
  • Longitude: -119.643

    Address

  • Full Address: 525 Hot Springs Rd
  • Address - House Number: 525
  • Address - Street Name: Hot Springs
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Santa Barbara
  • Carrier Code: C045
  • 4-Digit Zip Code: 2013
  • Zip Code: 93108

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $18,574
  • Tax Rate Code Area: 78-012

    Appraisal Valuation

  • Standard Deviation: 0.3082
  • Valuation Date: Oct 30, 2019
  • Confidence Score: 62
  • Final Value: 2,151,431
  • High Value: 2,814,549
  • Low Value: 1,488,312

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $1,650,000
  • Assessed Land Value: $1,600,000
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Contract Date: Oct 02, 2018
  • Current Sale Recording Date: Oct 05, 2018
  • Current Sale Transaction ID: 11511130849
  • Current Sale Price: $3,300,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018-0042740
  • Previous Sale Recording Date: Jan 16, 2002
  • Previous Sale Contract Date: Dec 14, 2001
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: Grant Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Montecito


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Frequently Asked Questions

When was property at 525 Hot Springs Road built and last sold?
The property at 525 Hot Springs Road was built in 1953 and last sold on Oct 2, 2018 for $3,300,000.
How much is this home worth?
The estimated value of the home located at 525 Hot Springs Road is $5,807,500.
What are some comparable homes to 525 Hot Springs Road?
There are currently no comparable homes to 525 Hot Springs Road.

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