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771 Garden Lane

771 Garden Lane, Santa Barbara, CA 93108
Sold Apr 16, 2021
$19,100,000
$4,000,000 by First Republic Bank
Mortgage Due Aug 26, 2046
Sold Apr 29, 2005
Transfer
771 Garden Lane has been categorized by the local assessors in Santa Barbara, CA as a residential type of property. The building on the property was first built in 1999 and is 25 years old. The home has a total of 4 bedrooms. Residents will have access to 6 full bathrooms. There are 7 partial bathrooms in the home. In addition, 771 Garden Lane has 11,170 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 242,194 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Love to swim? You'll be excited to find out that there is a pool on the property. There is a single fireplace in the home. Perfect for those wintery nights. 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, 771 Garden Lane sold most recently in Apr 6, 2021 for a total of $19,100,000. If you work out the math, that's approximately a cost of $1,709.94 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $204,965 in taxes each year. The initial year of tax delinquency occurred in 2022. 771 Garden Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $19,871,640. If we break it down further, the land itself was valued at $8,843,400. Improvements to the property, however, were assessed at a total of $11,028,240. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 242,194
  • Total Building Area: 11,170
  • Building Area: 11,170
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 11,170
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OUTSIDE PUEBLO LANDS
  • Land Acres: 5.56
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: PUEBLO MAP 36B LOT 66

Ownership

  • Current Owner : GIPSON ROBERT E
  • Current Owner 2: THE OWENSHIRE TRUST
  • Previous Owner : SPERLING PETER V
  • Previous Owner 2: SPERLING STEPHANIE G
  • Owner Before Previous Owner: BERKOFF S
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cold Spring Elementary School District
  • Census Tract: 000700

Zoning

  • Zoning: 5E1

Geography

  • Assessors Map Reference: 30-E6
  • Parcel: 011-120-004
  • Lot: 66
  • Municipality: MONTECITO COUNTY
  • Latitude: 34.4422
  • Longitude: -119.648

    Address

  • Full Address: 771 Garden Ln
  • Address - House Number: 771
  • Address - Street Name: Garden
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Santa Barbara
  • Carrier Code: C045
  • 4-Digit Zip Code: 1104
  • Zip Code: 93108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $204,965
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 61-008

    Appraisal Valuation

  • Standard Deviation: 0.2524
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 64
  • Final Value: 6,855,971
  • High Value: 8,586,891
  • Low Value: 5,125,052

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,000,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $4,000,000
  • First Open Lien Mortgage Term: 297
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Aug 26, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,871,640
  • Assessed Land Value: $8,843,400
  • Assessed Improvements Value: $11,028,240

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Transaction ID: 11830840050
  • Current Sale Price: $19,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0029997
  • Previous Sale Recording Date: Apr 29, 2005
  • Previous Sale Contract Date: Feb 18, 2005
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Apr 16, 2021
  • First Mortgage Loan Amount: $12,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Montecito



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Frequently Asked Questions

What neighborhood is 771 Garden Lane located in?
The 771 Garden Lane is a house located in the neighborhood of Santa Barbara in Montecito, Santa Barbara.
What is the average sales price for listings in 771 Garden Lane?
The average sales price for units in 771 Garden Lane is $0 currently.

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