NOT LISTED FOR SALE

Estimated Value: $2,687,000 - $4,201,000

2 Beds
1.5 Baths
1,152 Sq Ft
$2,743/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $2,025,000 $1,758 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $19,260/month

79 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Covered Patio or Porch
  • Washington Elementary School Rated A
  • Cottage
  • 2-minute walk to Shoreline Playground

About This Home

As of June 2016

First time on market in 60 years. This one of a kind Storybook Marine Terrace home with unobstructed panoramic ocean & island views sits across from Shoreline Park Greenbelt. Two bedroom, one bath with generous living room with fireplace, plus bonus area.Charming eat-in kitchen with view Bay window. Remodel or build your dream home in this once in a lifetime property.

Last Agent to Sell the Property

Steven Heller

Berkshire Hathaway HomeServices California Properties License #00929496 Listed on: 04/11/2016

Berkshire Hathaway HomeServices California Properties

Co-Listed By

John Finseth

Keller Williams Realty Santa Barbara

Last Buyer's Agent

Berni Bernstein

Coastal Properties License #00870443

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,882

Year Built

  • Built in 1951

Lot Details

  • 6,089 Sq Ft Lot
  • Level Lot
  • Property is in average condition
  • Property is zoned E-3

Parking

  • Carport

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Breakfast Area or Nook

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch
  • Shed

Location

  • Property is near schools
  • Property is near shops
  • City Lot

Schools

  • Washington Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer Stub Out
  • Cable TV Available

Community Details

  • Marine Terrace Community

Listing and Financial Details

  • Assessor Parcel Number 045-202-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,882

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1951
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Architectural Style: Cal Cottage
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Vinyl
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Reso Property Condition: Average
  • Property Information Year Built2: 1951
  • Property Information Total #Units: 1
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Fireplace(s) LR: Yes
  • WaterSewer Sewer Hookup: Yes
  • Proximity Near Shopping2: Yes
  • Dining Breakfast Area2: Yes
  • Property Information Apx Lot SqFt: 6089.0
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Marine Terrace
  • Other Buildings Shed: Yes
  • ViewOcean: Yes
  • ParkingGarage Cpt #12: Yes
  • Site Improvements Cable TV3: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Condition Average2: Yes
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Heating Wall: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: LR

Exterior Features

  • Roof: Composition
  • View: Ocean
  • Construction Type: Stucco
  • Acres: 0.14
  • Topography: Level
  • Exterior Features: Patio Covered
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Cpt #1

Utilities

  • Heating: Wall
  • HeatingYN: Yes
  • Water Source: SB Wtr

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

  • Elementary School: Washington
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 045-202-012
  • Zoning: E-3
  • Lot Size Sq Ft: 6089.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2016
Closed on
May 24, 2016
Sold by
Watson James V and Watson Darlene J
Bought by
Lefler Alberta Jean and Albert Jean Lefler Family Trust
Seller's Agent
Steven Heller
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Berni Bernstein
Coastal Properties
List Price
$2,195,000
Sold Price
$2,025,000
Premium/Discount to List
-$170,000
-7.74%
Total Days on Market
79
Current Estimated Value
$3,160,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,135,233
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Jun 20, 1997
Sold by
James Watson
Bought by
Watson James and Watson Darlene J
Source: Public Records

Range of Values:

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Average Value
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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
Lefler Alberta Jean $2,025,000 Chicago Title Company
Watson James -- --
Watson James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lefler Alberta Jean $417,000
Previous Owner Watson James $265,000
Previous Owner Watson James $175,237
Previous Owner Watson James $150,000
Previous Owner Watson James $100,000
Previous Owner Watson James $205,000
Previous Owner Watson James $210,000
Previous Owner Watson James $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $2,025,000 -7.7% $1,758 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $2,195,000 -- $1,905 / Sq Ft
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 $24,882 $2,397,184 $1,775,693 $621,491
2023 $24,882 $2,304,100 $1,706,742 $597,358
2022 $24,012 $2,258,923 $1,673,277 $585,646
2021 $23,462 $2,214,631 $1,640,468 $574,163
2020 $23,221 $2,191,924 $1,623,648 $568,276
2019 $22,817 $2,148,946 $1,591,812 $557,134
2018 $22,494 $2,106,810 $1,560,600 $546,210
2017 $21,752 $2,065,500 $1,530,000 $535,500
2016 $2,808 $257,442 $183,897 $73,545
2015 $2,777 $253,576 $181,135 $72,441
2014 $2,733 $248,609 $177,587 $71,022
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-347

Santa Barbara Multiple Listing Service

APN: 045-202-012