2535 Anacapa St, Santa Barbara, CA 93105

5 beds4.5 baths5,269 sqft

Sold: $2,200,000
Sold on 02/03/14
Zestimate®: $2,826,224
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My Notes

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Known as "The Palmer Cottage", this landmark Upper East home exudes the grace and warmth of its refined Colonial Revival style. Designed by the renowned Santa Barbara architectural firm of Soule, Hastings and Murphy for Mary Palmer in 1929, this home exhibits the aura of a New England cottage with grand Georgian details. Additionally, its design gives a nod to Santa Barbara's temperate climate and Spanish heritage by situating the home around a central, outdoor courtyard reminiscent of a traditional hacienda. Built by Alexander MacKellar, a fine craftsman from Glasgow, Scotland, The Palmer Cottage's stately presence at the top of one of Santa Barbara's finest streets belies its expansive living quarters and soaring entertaining space. Entering this home is to be swept back to a time of grand parties in the spacious living room with a majestic fireplace, lofty ceilings, period woodwork and impeccable acoustics. In days gone by, this room was used for live music and entertainment as guests glided from the splendid living room, through the formal entry to the romantic courtyard. The Palmer Cottage, built in a sweeping circle around the courtyard with French doors opening to the outside in every hallway, boasts five bedrooms, four full baths, a guest powder room and an airy library / study with floor to ceiling book shelves and a rolling library ladder. Every bedroom has its own or adjoining bathroom. Beautiful views of Campinil hills grace the back bedrooms while the formal dining room looks out on Santa Barbara's mountains. Updated kitchen, butler's pantry and laundry room round out this historic home with a timeless elegance and functionality for modern living. The current owners purchased The Palmer Cottage in significant disrepair in 1994 and have worked diligently to restore the house to its original condition ? retaining original cabinetry, flooring and woodwork and seeking out period plumbing and lighting fixtures as part of their renovation. This elegant property was selected to participate in the 2001 Pearl Chase Society Tour of Historic Homes.While all of the living space is on a single-level, there is also an extensive downstairs area with a three-car garage facing Constance Avenue, a large utility room, storage closets and a huge bonus room perfect for a workshop, office, playroom or den. All of this is situated on a generous 1/3 acre lot with a private back yard and convenient motor court.The Palmer Cottage is situated in the heart of Santa Barbara's coveted Upper East neighborhood which marries gracious, estate-quality homes with the amenities of in-town living. The Santa Barbara Mission, its gorgeous Rose Garden and the Natural History Museum are blocks away, while the restaurants, theatres, museums and shopping of Santa Barbara's arts, business and entertainment district are minutes from your front door.  More Less 

Facts

  • Lot: 0.35 acres
  • Single Family
  • Built in 1929
  • Last sold: Feb 2014 for $2,200,000
  • Price/sqft: $418

Features

  • Fireplace

      Construction

      • Unit count: 1

      Other

      • Floor size: 5,269 sqft
      • Last remodel year: 1929
      • Parcel #: 025032003
      • Zillow Home ID: 15886000

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $2,826,224
      -$213,489 Last 30 days
      $2.15M
      $3.53M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $7,305/mo
      -$1,862 Last 30 days
      $4.5K
      $15K
      Zestimate range

      Popularity on Zillow

      7,113 all-time views
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      Comparable Homes

      Homes like this sold for $1.0-3.0M.

      $1.32M
      $3.48M

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      Neighborhood

      Market guide

      Zillow predicts Upper East home values will rise 5.9% next year, compared to a 6.1% increase for Santa Barbara as a whole. Among Upper East homes, this home is valued 117% more than the midpoint (median) home, but is valued 34.8% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Upper East, the number of foreclosures waiting to be sold is 27.7% greater than in Santa Barbara, and 0.5% higher than the national average. This higher local number may prevent Upper East home values from rising as quickly as other regions in Santa Barbara.

      Learn more about forecast calculations or Upper East home values.
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        Nearby Schools in Santa Barbara

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        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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