720 Ladera Lane

Local assessors in Santa Barbara, CA have categorized 720 Ladera Lane as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 43,996 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 720 Ladera Lane has a total of 4,793 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 720 Ladera Lane sold most recently in Apr 7, 2020 for a total of $3,375,000. If you work out the math, that's approximately a cost of $704.15 per sqft. Before that, the property was also sold for $3,650,000 in Apr 26, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $36,912 in taxes each year. The initial year of tax delinquency occurred in 2022. 720 Ladera Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,547,725. If we break it down further, the land itself was valued at $1,813,282. Improvements to the property, however, were assessed at a total of $1,734,443. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.