NOT LISTED FOR SALE

Estimated Value: $961,645 - $1,361,000

-- Bed
-- Bath
-- Sq Ft
6,480 Sq Ft Lot

Last Sold February 22, 2012

Last sale price $457,500

Est. 157% increase in value since last sale

Current estimated payment $6,819/month

About This Home

As of February 2012

Very nice Duplex in the Dunes! Excellent Price for this Great Income Property. Nicely appointed with Custom Tile floors; Berber carpeting; French Doors; Dual Pane Windows; Fenced Yard; (2) Full 2-Car Garages. Was renovated and upgraded in 2004 with new appliances, new cabinets, flooring, windows, doors and hardware.Great Location in a very nice beach community.

Last Agent to Sell the Property

John Thyne

Goodwin & Thyne Properties Listed on: 01/24/2012

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,981

Year Built

  • Built in 1972

Lot Details

  • 6,480 Sq Ft Lot
  • Property is in average condition

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 196-0-032-065

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • Maintenance Expense $200
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,000
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,981

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1972
  • Income Expenses Annual Income: 34800.0
  • Capitalization Rate: 7%
  • Maintenance Expense: 200.0
  • Monthly Income: 2950.0
  • Income Expenses Trash Expense: 600.0
  • Income Expenses Water Expense: 1200.0
  • ResoLaundryFeatures: Other
  • Income And Expenses Maintenance Expense: 200.0
  • Subdivision Name: Other
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1972
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information Apx Lot SqFt: 6480.0
  • FlrWdw Coverings Carpet: Yes
  • HeatingCooling GFA: Yes
  • Condition Average2: Yes
  • IncomeExpenses Taxes6: 7000.0
  • FlrWdw Coverings Vinyl2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.15
  • Foundation Details: Other

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 196-0-032-065
  • Zoning: Other
  • Lot Size Sq Ft: 6480.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 34800.0
  • Insurance Expense: 500.0
  • Total Actual Rent: 2950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2012
Sold by
Lau Jacob and Lau Erica
Bought by
Lau Jacob Edward and Lau Erica Kayo
Current Estimated Value
$1,176,411

Purchase Details

Listed on
Jan 24, 2012
Closed on
Jan 24, 2012
Sold by
Cohen Beth
Bought by
Lau Jacob and Lau Erica
Seller's Agent
John Thyne
Goodwin & Thyne Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$475,000
Sold Price
$457,500
Premium/Discount to List
-$17,500
-3.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$343,125
Outstanding Balance
$235,365
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$882,465

Purchase Details

Closed on
Oct 6, 2005
Sold by
Agamalian George
Bought by
Agamalian George

Purchase Details

Closed on
Dec 7, 1998
Sold by
George Agamalian
Bought by
Agamalian George and Agamalian Elinor Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.79%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 18, 1994
Sold by
Agamalian George S and Agamalian Elinor Marie
Bought by
Agamalian George and Agamalian Elinor Marie
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lau Jacob Edward -- None Available
Lau Jacob $457,500 Lawyers Title Insurance Corp
Agamalian George -- --
Agamalian George -- --
Agamalian George -- Old Republic Title Company
Agamalian George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Jacob $343,125
Previous Owner Agamalian George $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2012 02/22/12 Sold $457,500 -3.7% --
01/23/2012 01/23/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $475,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,981 $574,630 $439,614 $135,016
2024 $6,981 $563,363 $430,994 $132,369
2023 $6,726 $552,317 $422,543 $129,774
2022 $6,524 $541,488 $414,258 $127,230
2021 $6,472 $530,871 $406,135 $124,736
2020 $6,592 $525,429 $401,971 $123,458
2019 $6,407 $515,128 $394,090 $121,038
2018 $6,317 $505,028 $386,363 $118,665
2017 $5,996 $495,127 $378,788 $116,339
2016 $5,786 $485,419 $371,361 $114,058
2015 $5,848 $478,130 $365,784 $112,346
2014 $5,784 $468,767 $358,620 $110,147
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-287

Santa Barbara Multiple Listing Service

APN: 196-0-032-065