NOT LISTED FOR SALE

1002 S Railroad Ave Santa Maria, CA 93458

Santa Maria West Neighborhood

Estimated Value: $751,069 - $1,083,000

-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold July 20, 2020

Last sale price $600,000

Est. 50% increase in value since last sale

Current estimated payment $5,473/month

74 Days on Market

About This Home

As of July 2020

Opportunity Knocks! Bread and Butter four-plex in Santa Maria. Needs some TLC. High demand, blue collar area. Units have historically rented quickly. Unit A is in need of updating. Call your contractor to check this out. Call your banker to get ready for cash flow.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 03/28/2020

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,990

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in below average condition

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 123-264-005

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $25,391
  • Gross Income $51,000
  • Net Operating Income $24,079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,990

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 51000.0
  • Capitalization Rate: 6.23
  • Gross Rent Multiplier: 9.8
  • Annual Expenses: 25391.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: Laundry Room
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Poor
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 4.0
  • Foundation:Slab: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Carpet: Yes
  • Condition Poor: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • IncomeExpenses NOI2: 24079
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 123-264-005
  • Zoning: R-3
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 51000.0
  • Annual Operating Expense: 25391.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2020
Closed on
Jun 15, 2020
Sold by
Knudsen Katherine and The Geert E And Katherine Knud
Bought by
Hollingsead Blanche and The Blanche Rose Hollingsead R
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Steven Battaglia
Lee & Associates
List Price
$685,000
Sold Price
$600,000
Premium/Discount to List
-$85,000
-12.41%
Current Estimated Value
$897,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,517
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
Apr 19, 2018
Sold by
Knudsen Katherine
Bought by
Knudsne Katherine and The Geert E & Katherine Knudse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2010
Sold by
Knudsen Geert E and Knudsen Katherine
Bought by
Knudsen Geert E and Knudsen Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,500
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2001
Sold by
Knudsen Geert and Knudsen Katherine
Bought by
Knudsen Geert E and Knudsen Katherine
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
Hollingsead Blanche $600,000 First American Title Company
Knudsne Katherine -- Title Connect Inc
Knudsen Katherine -- Title Connect Inc
Knudsen Geert E -- Accommodation
Knudsen Geert E -- First American Title Company
Knudsen Geert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knudsne Katherine $220,000
Previous Owner Knudsen Geert E $269,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2020 07/20/20 Sold $600,000 -12.4% --
06/10/2020 06/10/20 Pending -- -- --
03/28/2020 03/28/20 For Sale $685,000 -- --
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 $6,990 $649,457 $162,364 $487,093
2023 $6,990 $624,240 $156,060 $468,180
2022 $6,764 $612,000 $153,000 $459,000
2021 $6,587 $600,000 $150,000 $450,000
2020 $2,936 $263,932 $65,462 $198,470
2019 $2,903 $258,758 $64,179 $194,579
2018 $2,866 $253,685 $62,921 $190,764
2017 $2,835 $248,712 $61,688 $187,024
2016 $2,712 $243,836 $60,479 $183,357
2014 $2,547 $235,471 $58,405 $177,066
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2020

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    4 in this area

    78 Total Sales

    Steve Battaglia
    Section Image

  • S

    Buyer's Agent in 2020

    Steven Battaglia

    Lee & Associates

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1150

Santa Barbara Multiple Listing Service

APN: 123-264-005

California Santa Barbara County Santa Maria 93458 Santa Maria West

1002 S Railroad Ave, Santa Maria, CA

This home is located at 1002 S Railroad Ave, Santa Maria, CA 93458 since 28 March 2020 and is currently estimated at $897,517. 1002 S Railroad Ave is a home located in Santa Barbara County with nearby schools including Sanchez (David J.) Elementary School, Arellanes Junior High School, and Santa Maria High School.

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