See Home Value
$6,248,269*
House - Off Market

974 PARK LN

MONTECITO, CA 93108
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3760 Sqft
$5,580,000 - $6,820,000
Reference Base Price*
0.78%
Since Jun 1, 2022
National-US
Primary Model
Sold May 23, 2022
$6,225,000
Sold Jan 13, 2021
$3,855,000

About This Property

ACCEPTING BACK UP OFFER'S !  Welcome to paradise.  This amazing property is currently under a partial renovation with the main residence remaining for a new owner's vision. Now is the time to acquire this unique property and enjoy the upgrades currently underway and near completion.  You choose whether to make minimal upgrades to the main residence or more.  Much has been accomplished or is in process and ready for a new owner to have an option to continue.  [Plans and permits in process].Nestled in the hills and woods above Montecito, this Contemporary estate is located on 2.23 acres providing spectacular views of the ocean, islands, coastline, mountains and surrounding woods from each of the three structures. Approximately there is a 2,291 square foot main residence; 800+- square foot guest house; and 800+- square foot gym with 18' ceilings.  The great room includes a fireplace, high ceilings, and wood floors. The guest house is spacious with high ceilings, kitchen, a living area open for dining, lounging and bed space.  The gym offers a bath, storage and a steam room from Belgium.  The 44' pool and spa have been refurbished with patio upgrades currently being completed.  The open area surrounding the pool provides privacy and a great entertainment area for al fresco dining and grilling.Amenities include solar panels providing the bulk of the electricity to the property, a newly installed electric vehicle recharging unit, numerous specimen oak and mature trees, two seasonal creeks running through the land, fruit trees including mango, Valencia orange, lime, lemon and more, with pathways throughout the gardens.It will be exciting to create and complete this renovation into a beautiful finished estate matching your own vision.

The manager has listed the unit size as 3760 square feet.
Unit Size
3,760Ft²
Days on Market
-
Land Size
2.23 acres
Price per sqft
$1,649
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986

Price History

Date / Event Date Event Price
May 25, 2022 No longer available -
No longer available
May 23, 2022 Sold $6,225,000
Sold
Mar 23, 2022 In contract -
In contract
Feb 12, 2022 Listed $6,200,000
Listed
Oct 6, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 97,139
  • Total Building Area: 2,291
  • Building Area: 2,291
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,291
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARCEL MAP NO 11070
  • Land Acres: 2.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PM 11070 BK 5/100 PARCEL 1

Ownership

  • Current Owner : VINCI I LLC
  • Previous Owner : MARSHALL DAVID J
  • Owner Before Previous Owner: BARONI FAMILY 2011 TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Montecito Union Elementary School District
  • Census Tract: 001500

Zoning

  • Zoning: 2E1

Geography

  • Assessors Map Reference: 37-C6
  • Parcel: 007-070-030
  • Lot: 1
  • Municipality: MONTECITO COUNTY
  • Latitude: 34.4478
  • Longitude: -119.607

    Address

  • Full Address: 974 Park Ln
  • Address - House Number: 974
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: Santa Barbara
  • Carrier Code: C043
  • 4-Digit Zip Code: 1451
  • Zip Code: 93108

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,738
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 78-012

    Appraisal Valuation

  • Standard Deviation: 0.1799
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 6,221,197
  • High Value: 7,340,981
  • Low Value: 5,101,412

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,914,000
  • Assessed Land Value: $4,275,000
  • Assessed Improvements Value: $1,639,000

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Transaction ID: 11888528131
  • Current Sale Price: $6,225,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25297
  • Previous Sale Recording Date: Jan 13, 2021
  • Previous Sale Contract Date: Dec 02, 2020
  • Previous Sale Amount: $3,855,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD BANK NATIONAL ASSO
  • First Mortgage Transaction Date: May 23, 2022
  • First Mortgage Loan Type: Purchase Money Mortgage



Comparables

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

About Montecito


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1940 N Jameson Ln, MONTECITO, CA, 93108

$6,950 /mo

  • 3 Beds
  • 2 Baths
1940 N Jameson Ln, MONTECITO, CA, 93108 Listing by Arthur Kalayjian
Unit for rent at 2725 Macadamia Ln, SANTA BARBARA, CA, 93108

$8,100 /mo

  • 4 Beds
  • 3.5 Baths
  • 3,000 ft²
2725 Macadamia Ln, SANTA BARBARA, CA, 93108 Listing by Janice Laney
Unit for rent at 2160 Ortega Hill Road, Summerland, CA, 93067

$3,975 /mo

  • 2 Beds
  • 2.5 Baths
  • 822 ft²
2160 Ortega Hill Road #2160 Ortega Hill Road - 3, Summerland, CA, 93067 Listing by Manager


Frequently Asked Questions

When was property at 974 Park Lane built and last sold?
The property at 974 Park Lane was built in 1986 and last sold on May 17, 2022 for $6,225,000.
How much is this home worth?
The estimated value of the home located at 974 Park Lane is $6,344,062.
What are some comparable homes to 974 Park Lane?
There are currently no comparable homes to 974 Park Lane.

Quantcast