481 Terrace Rd is a 970 square foot house on a 6,970 square foot lot with 2 bedrooms and 1 bathroom. Based on Redfin's Santa Barbara data, we estimate the home's value is $1,664,869.
Single-familyProperty Type
1953Year Built
6,970 sq ftLot Size
$1,716Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$1,664,869
$176K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 20.3% lower than the average sale price ($2.09M) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$1,141 (+1.8%)
$34,536 + $71,272
$105,808
2024
$1,121 (+1.9%)
$33,859 + $69,875
$103,734
2023
$1,100 (+1.8%)
$33,196 + $68,505
$101,701
2022
$1,080 (+2.6%)
$32,546 + $67,162
$99,708
2021
$1,053 (+1.1%)
$31,908 + $65,846
$97,754
2020
$1,042 (+1.8%)
$31,283 + $64,555
$95,838
2019
$1,024 (+1.5%)
$30,963 + $63,894
$94,857
2018
$1,009 (+3.4%)
$30,356 + $62,642
$92,998
2017
$976 (−6.2%)
$29,178 + $60,210
$89,388
2016
$1,040 (+1.1%)
$29,178 + $60,210
$89,388
2015
$1,029 (+1.5%)
$28,606 + $59,030
$87,636
2014
$1,014 (+0.4%)
$27,626 + $57,006
$84,632
2013
$1,010 (+7.0%)
$27,626 + $57,006
$84,632
2012
$944 (+2.2%)
$27,502 + $56,749
$84,251
2011
$924 (+9.4%)
$26,963 + $55,637
$82,600
2009
$844 (+9.0%)
$26,238 + $54,140
$80,378
2008
$775
$25,786 + $53,205
$78,991
Tax history for 481 Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,141 (+1.8%)
$34,536 + $71,272
$105,808
2024
$1,121 (+1.9%)
$33,859 + $69,875
$103,734
2023
$1,100 (+1.8%)
$33,196 + $68,505
$101,701
2022
$1,080 (+2.6%)
$32,546 + $67,162
$99,708
2021
$1,053 (+1.1%)
$31,908 + $65,846
$97,754
2020
$1,042 (+1.8%)
$31,283 + $64,555
$95,838
2019
$1,024 (+1.5%)
$30,963 + $63,894
$94,857
2018
$1,009 (+3.4%)
$30,356 + $62,642
$92,998
2017
$976 (−6.2%)
$29,178 + $60,210
$89,388
2016
$1,040 (+1.1%)
$29,178 + $60,210
$89,388
2015
$1,029 (+1.5%)
$28,606 + $59,030
$87,636
2014
$1,014 (+0.4%)
$27,626 + $57,006
$84,632
2013
$1,010 (+7.0%)
$27,626 + $57,006
$84,632
2012
$944 (+2.2%)
$27,502 + $56,749
$84,251
2011
$924 (+9.4%)
$26,963 + $55,637
$82,600
2009
$844 (+9.0%)
$26,238 + $54,140
$80,378
2008
$775
$25,786 + $53,205
$78,991
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
RS-7.5
One-Family Residence Zone
This zone is intended to provide areas for single-unit housing on individual lots at appropriate low densities of one unit per legal lot with allowances for an Accessory Dwelling Unit or Two-Unit Residential Development when certain standards are met. Designators (e.g. -25, -15) refer to minimum lot size in thousands of square ft or, in the case of RS-1A, acres. The regulations for the RS Zone are intended to limit activities which would be inharmonious with or injurious to the preservation and character of a residential environment. Nonresidential uses are limited to those that support daily life of neighborhoods and complement surrounding residential development. Nonresidential uses are strictly limited in order to mitigate impacts associated with nonresidential uses such as: traffic, increased parking demand, light, glare, and noise.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Garden center
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jan 5, 2026 • Final
Electrical
Relocate and upgrade the existing electrical panel.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Full Baths: 1
Heating & Cooling
Heating Type: Central
Fireplace Information
# of Fireplaces: 1
Has Fireplace
Room Information
# of Rooms: 6
Exterior
Property Information
Subdivision Name: HILLSIDE TERRACE
Living Sq. Ft: 970
Building Sq. Ft: 970
Legal Description: HILLSIDE TERRACE LOT 7 BLK A
Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 6,970
Legal Lot Number: 7
Legal Block Number: A
Municipality Name: CITY OF SANTA BARBARA CITY
Acres: 0.16
Zoning Code: E-3
County Use Description: SINGLE FAMILY RESIDENCE
Financial
Assessor Information
Assessment Year: 2026
Tax Area: CITY OF SANTA BARBARA CITY
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 970
Stories: —
Lot Size: 6,970 square feet
Style: Single Family Residential
Year Built: 1953
Year Renovated: 1953
County: Santa Barbara County
APN: 035192014
Home facts updated by county records on Aug 17, 2026
Around this home
Schools
Washington Elementary School
Public K-6 • Assigned • 0.6mi
6/10
La Cumbre Junior High School
Public 7-8 • Assigned • 1.8mi
6/10
San Marcos Senior High School
Public 9-12 • Assigned • 5.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 84° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Santa Barbara, CA • 93109
Average low and high temperatures (°F)
66
50
66
52
65
54
65
54
66
56
67
59
68
59
71
61
71
62
70
58
65
53
65
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 5.7 hours in December, placing it above the
U.S. average for solar exposure.
9.9 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.58M – $1.92M
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