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$5,495,000

Beds
4
Baths
5.0
sq ft
6,008

1556 La Vista Rd, Santa Barbara, CA 93110

1556 La Vista Rd

Santa Barbara, CA 93110

  • 162 days on market
    • Price drop $805,000↓
Behold the majesty of soaring ceilings & panoramic ocean views where sunshine reigns supreme & illuminates this magnificent SB estate. Blending serenity & adventure, the property unfolds over 7 acres of gardens, pool & spa, patios, putting green, olive trees & more. Inside, a spacious mountain view LR effortlessly connects to the formal DR, flowing into the kitchen & family room which preside over magnificent ocean views. A perfect place to pause from life's demands, the primary suite offers a generous retreat, mountain views & a large & sumptuous closet & bath. There are 2 add'l bd suites along w a separate guest wing offering space & versatility as a private bd wing, theater or office . Revel in unobstructed views, open space & convenience - a sanctuary that might be impossible to leave.

Details

Property type

Single Family Residence

Est. home value

$5,721,000

Lot size

7.0 acres

Price per sq ft

$915

Year built

2011

HOA

No

Price History

06/10/2024
CLAW

CLAW #24378653

Price change
$5,495,000
-12.78%
04/10/2024
CLAW

CLAW #24378653

Listed
$6,300,000
03/01/2024
CLAW

CLAW #24351503

Removed
$6,300,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,416,555
Asking price
$5,495,000
Closing costs (~8% of asking)
-$439,600
Est. remaining loan balance
-$2,638,845
Cash to seller
$2,416,555

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Capital Alliance Llc

Loan start date

April 2021

Original loan amount

$2,849,000

Est. remaining balance

$2,638,845

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

James A Buchanan Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 2:45 PM

Listing updated: 08/13/2024 at 12:34 PM

Listed by: Nancy Kogevinas, Berkshire Hathaway HomeServices California Properties Phone #: (805) 969-5026

MLS: CLAW #24378653

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