Pre-foreclosure

Listing Provided by:

Melinda Bonini DRE #01326360 818-422-7447,

Coldwell Banker Exclusive,

Lou Lollio DRE #00829436 310-293-9860,

Lou Lollio

Est. $5,665,100

3040 Gibraltar Rd, Santa Barbara, CA 93105

6beds

5,296sqft

Single Family Residence

Built in 2022

2.98 Acres Lot

$5,665,100 Zestimate^®

$1,070/sqft

$-- HOA

What's special

Stunning ocean viewsLaundry roomCity lights

REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS, CHANNEL ISLANDS, etc. This is a once in a lifetime opportunity for the right buyer. The Builder ran out of money during Covid restrictions and could not complete the buildout. Bring your builder or we have a builder who would love to complete the buildout. We have cost breakdowns and estimates available. Main house has 2 car garage to be finished in the construction.

44 days

50

4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 5
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 2

Rooms

Room types: Other

Heating

None

Cooling

None

Appliances

Laundry: None

Features

See Remarks, Unfurnished
Flooring: See Remarks
Windows: Wood Frames
Basement: Unfinished
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 5,296 sqft

Property

Parking

Total spaces: 4
Parking features: See Remarks
Attached garage spaces: 4

Accessibility

Accessibility features: Other, See Remarks

Features

Levels: Three Or More
Stories: 3
Patio & porch: See Remarks
Pool features: None
Has view: Yes
View description: City Lights, Coastline, Harbor, Mountain(s), Ocean
Has water view: Yes
Water view: Coastline,Harbor,Ocean

Lot

Size: 2.98 Acres
Features: Lot Over 40000 Sqft

Details

Parcel number: 153280020
Zoning: 40-E-1
Special conditions: Real Estate Owned

Construction

Type & style

Home type: SingleFamily
Architectural style: See Remarks
Property subtype: Single Family Residence

Materials

Foundation: See Remarks
Roof: See Remarks

Condition

New construction: Yes
Year built: 2022

Utilities & green energy

Sewer: Unknown
Water: See Remarks
Utilities for property: None, See Remarks

Community & HOA

Community

Features: Mountainous
Subdivision: Santa Barbara: Other (80)

Location

Region: Santa Barbara

Financial & listing details

Price per square foot: $1,070/sqft
Tax assessed value: $3,570,000
Annual tax amount: $37,684
Date on market: 1/3/2023
Cumulative days on market: 497 days
Listing terms: Cash,Cash to New Loan

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Foreclosure details

Estimated market value

$5,665,100

$4.70M - $6.91M

$33,238/mo

Price history

Date	Event	Price
3/8/2024	Sold	$3,500,000+66.7%$661/sqft
Source: CRMLS #SR23001289 Report a problem
3/25/2022	Listing removed	--
Source: SBMLS #21-4217 Report a problem
11/22/2021	Listed for sale	$2,100,000-8.5%$397/sqft
Source: SBMLS #21-4217 Report a problem
10/26/2021	Listing removed	--
Source: SBMLS #21-2695 Report a problem
10/4/2021	Price change	$2,295,000-6.3%$433/sqft
Source: SBMLS #21-2695 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$37,684 +43.7%	$3,570,000 +44.2%
2024	$26,220 +98.9%	$2,476,152 +99.5%
2023	$13,185 +1.7%	$1,240,969 +2%

Find assessor info on the county website

BuyAbility℠ payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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