Privately situated on a quiet lane in Montecito's coveted Upper Village, this single-level 1940s cottage offers a rare combination of privacy, character, and close proximity to top-rated restaurants, boutique shops, gourmet markets - just a short stroll from your front door. Inside, natural light fills the interiors through skylights and tall ceilings, creating a bright and inviting atmosphere that connects seamlessly to the gardens. Pitched open beam ceilings, hardwood floors, and two gas fireplaces- one in the spacious living room with windows overlooking the surrounding gardens, and another in the cozy family room, ideal for relaxing evenings at home. The open and airy dining room feels expansive yet cozy, while the updated kitchen features newer appliances and modern functionality. Both bedrooms open directly to the gardens through French doors, creating an easy flow between indoor and outdoor living. The spacious primary suite includes a walk-in closet, en-suite bath, and a private deck ideal for quiet mornings, while the guest bedroom enjoys its own garden access. Beyond the interiors, a peaceful backyard oasis unfolds- mature fruit trees, landscaped gardens, and a spacious patio create an idyllic setting for alfresco dining and relaxed entertaining. A front lawn framed by established trees adds charm to the property, and a two-car garage with a laundry area offers convenience. Located within the highly desirable Montecito Union School District, this home offers a rare combination of the convenience of Upper Village living, timeless design, and private outdoor spaces - perfect as a full-time residence or a lock-and-leave Montecito retreat.
CondoProperty Type
1940Year Built
$2,009Est. Price/Sq.Ft.
2 car garageParking
Listed by The Ebbin Group•DRE #01488213• Compass
Bought with The Ebbin Group•DRE #01488213• Compass
Privately situated on a quiet lane in Montecito's coveted Upper Village, this single-level 1940s cottage offers a rare combination of privacy, character, and close proximity to top-rated restaurants, boutique shops, and gourmet markets - just a short stroll from your front door. Inside, natural light fills the interior through skylights and tall ceilings, creating a bright and inviting atmosphere that seamlessly connects to the gardens. Pitched open beam ceilings, hardwood floors, and two gas fireplaces- one in the spacious living room with windows overlooking the surrounding gardens, and another in the cozy family room, ideal for relaxing evenings at home. The open and airy dining room feels expansive yet cozy, while the updated kitchen features newer stainless steel appliances and modern functionality. Both bedrooms open directly to the gardens through French doors, creating a seamless flow between indoor and outdoor living spaces. The spacious primary suite features a walk-in closet, en-suite bath, and a private deck, perfect for quiet mornings. The guest bedroom also enjoys its own garden access. Beyond the interiors, a peaceful backyard oasis unfolds, featuring mature fruit trees, landscaped gardens, and a shaded patio that create an idyllic setting for alfresco dining and relaxed entertaining. A front lawn framed by established trees adds charm to the property, while a two-car garage with a laundry area provides added convenience. Located within the highly desirable Montecito Union School District, this home offers a rare combination of the convenience of Upper Village living, timeless design, and private outdoor spaces, making it perfect as a full-time residence or a lock-and-leave Montecito retreat.
TheMLS #25584339
Sep 30, 2025
Sold
$3,220,000
$2,023/sq ft
Sep 9, 2025
Pending
—
Aug 28, 2025
Listed
$2,995,000
$1,881/sq ft
+17
SBMLS #25-3247
Sep 30, 2025
Sold
$3,220,000
$2,023/sq ft
Sep 9, 2025
Pending
—
Aug 28, 2025
Listed
$2,995,000
$1,881/sq ft
SBMLS #10-2779
Jul 8, 2011
Sold
$1,495,000
$939/sq ft
Aug 3, 2010
Listed
$1,495,000
$939/sq ft
SBMLS #10-2781
Jul 8, 2011
Sold
$1,495,000
$939/sq ft
Aug 3, 2010
Listed
$1,495,000
$939/sq ft
SBMLS #10-3159
Sep 3, 2010
Listed
$1,675,000
$1,052/sq ft
SBMLS #06-1931
Aug 29, 2006
Listing Removed
—
Mar 29, 2006
Listed
$1,850,000
$1,162/sq ft
SBMLS #06-1609
May 11, 2006
Listing Removed
—
Mar 29, 2006
Listed
$1,950,000
$1,225/sq ft
SBMLS #05-4335
Dec 16, 2005
Sold
$1,495,000
$939/sq ft
Nov 18, 2005
Listing Removed
—
Nov 11, 2005
Listed
$1,495,000
$939/sq ft
SBMLS #05-4257
Dec 16, 2005
Sold
$1,495,000
$939/sq ft
Nov 18, 2005
Listing Removed
—
Nov 6, 2005
Listed
$1,495,000
$939/sq ft
SBMLS #96-227
Jun 21, 1996
Listing Removed
—
Jan 20, 1996
Listed
$415,000
$261/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$20,119 (+1.8%)
$2,000,000 + $1,220,000
$3,220,000
2024
$19,758 (+1.8%)
$1,256,051 + $621,743
$1,877,794
2023
$19,400 (+1.8%)
$1,231,423 + $609,552
$1,840,975
2022
$19,060 (+2.1%)
$1,207,278 + $597,600
$1,804,878
2021
$18,667 (+1.0%)
$1,183,606 + $585,883
$1,769,489
2020
$18,487 (+2.0%)
$1,160,399 + $574,396
$1,734,795
2019
$18,130 (+1.9%)
$1,148,501 + $568,507
$1,717,008
2018
$17,788 (+1.9%)
$1,125,982 + $557,360
$1,683,342
2017
$17,451 (+3.0%)
$1,082,259 + $535,718
$1,617,977
2016
$16,945 (+1.8%)
$1,082,259 + $535,718
$1,617,977
2015
$16,642 (+1.6%)
$1,061,039 + $525,214
$1,586,253
2014
$16,381 (+0.4%)
$1,024,630 + $507,192
$1,531,822
2013
$16,313 (+2.6%)
$1,024,630 + $507,192
$1,531,822
2012
$15,897 (+27.0%)
$1,020,000 + $504,900
$1,524,900
2011
$12,517 (−25.2%)
$1,000,000 + $495,000
$1,495,000
2009
$16,731 (+2.5%)
$1,243,963 + $338,781
$1,582,744
2008
$16,319
$1,222,470 + $332,928
$1,555,398
Tax history for 1515 E Valley Rd #C
Year
Property tax
Land + Additions
Assessment*
2025
$20,119 (+1.8%)
$2,000,000 + $1,220,000
$3,220,000
2024
$19,758 (+1.8%)
$1,256,051 + $621,743
$1,877,794
2023
$19,400 (+1.8%)
$1,231,423 + $609,552
$1,840,975
2022
$19,060 (+2.1%)
$1,207,278 + $597,600
$1,804,878
2021
$18,667 (+1.0%)
$1,183,606 + $585,883
$1,769,489
2020
$18,487 (+2.0%)
$1,160,399 + $574,396
$1,734,795
2019
$18,130 (+1.9%)
$1,148,501 + $568,507
$1,717,008
2018
$17,788 (+1.9%)
$1,125,982 + $557,360
$1,683,342
2017
$17,451 (+3.0%)
$1,082,259 + $535,718
$1,617,977
2016
$16,945 (+1.8%)
$1,082,259 + $535,718
$1,617,977
2015
$16,642 (+1.6%)
$1,061,039 + $525,214
$1,586,253
2014
$16,381 (+0.4%)
$1,024,630 + $507,192
$1,531,822
2013
$16,313 (+2.6%)
$1,024,630 + $507,192
$1,531,822
2012
$15,897 (+27.0%)
$1,020,000 + $504,900
$1,524,900
2011
$12,517 (−25.2%)
$1,000,000 + $495,000
$1,495,000
2009
$16,731 (+2.5%)
$1,243,963 + $338,781
$1,582,744
2008
$16,319
$1,222,470 + $332,928
$1,555,398
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2000
Sq. Ft.
1,592
Year built
1940
Style
Condo/Co-op
County
Santa Barbara County
APN
007470003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
7-R-2
Two-Family Residential Zone
The R-2 zone is applied to areas appropriate for residential development in the form of two-family dwellings (duplexes) and to maintain a residential character similar to that of one-family neighborhoods. This zone is intended to ensure the compatibility of duplex development with surrounding multiple and one-family dwellings and neighborhoods.