tomo logo

$7,495,000

Beds
5
Baths
4.0
sq ft
3,872

680 Cowles Rd, Santa Barbara, CA 93108

680 Cowles Rd

Montecito, CA 93108

  • 204 days on market
    • Price drop $500,000↓
Nestled on one of Montecito's most scenic ridges, Villa Cortina presents breathtaking views of the mountains and ocean from nearly every room. Crafted by renowned architect Donald Sharpe and meticulously updated, it epitomizes Mediterranean sophistication. The expansive living room with its inviting French doors opens onto a sheltered patio ideal for relaxation. A gourmet kitchen boasts custom cabinetry and premium appliances for culinary enthusiasts. The primary suite is a retreat of its own, offering a large sitting area with a cozy fireplace and picturesque views. The property is designed for outdoor living with meandering pathways leading to an approx. 45-foot swimming pool, a putting green, fruit tree orchard, and tranquil oak groves, offering an unparalleled lifestyle in Montecito. True to its Andalusian inspiration, Villa Cortina features a wine room, a private guest room, and ample parking with a 4-car garage. Conveniently located to Lotusland, Lower and Upper Villages, and world-class beaches.

Details

Property type

Single Family Residence

Est. home value

$5,267,202

Lot size

0.87 acres

Price per sq ft

$1,936

Year built

1954

HOA

No

Price History

06/17/2024
CLAW

CLAW #24387679

Price change
$7,495,000
-6.25%
05/03/2024
CLAW

CLAW #24387679

Listed
$7,995,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Pacific Premier Bank

Loan start date

January 2022

Original loan amount

$290,000

Est. remaining balance

Not provided

Interest rate

2.47%

Loan type

Credit Line (Revolving)

Seller

Russell L Patrick and The Patrick Trust

Lender

Crosscountry Mortgage Llc

Loan start date

December 2020

Original loan amount

$1,350,000

Est. remaining balance

$1,234,443

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Russell L Patrick and The Patrick Trust

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: 11/23/2024 at 6:20 PM

Listing updated: 09/30/2024 at 11:50 AM

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

MLS: CLAW #24387679

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