NOT LISTED FOR SALE

1060 Faraday St Santa Ynez, CA 93460

Estimated Value: $1,663,991

2 Beds
3 Baths
2,191 Sq Ft
$759/Sq Ft Est. Value

Last Sold May 03, 2023

Last sale price $1,550,000 $707 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,534/month

174 Days on Market

Highlights

  • Mountain View
  • Deck
  • No HOA
  • Santa Ynez Elementary School Rated A-
  • Property is near park and shops
  • Covered Patio or Porch

About This Home

As of May 2023

Residential/Commercial mixed use property in beautiful Santa Barbara wine country. Prime location in the charming town of Santa Ynez with its beautiful landscapes, numerous boutiques, stellar restaurant scene, and nearby wineries.

This flat, .34 acre property is zoned C-2 for a wide variety of uses including ''Lodging - Short-term rental''.

An existing ~ 2,000 sq. ft. structure houses two commercial spaces, each with their own private bathroom, on the ground level. Upstairs is a two bedroom, one bath apartment with rear deck showcasing stunning valley and mountain views. The other half of the property is currently rented out as a storage yard with a small office.

This is a unique opportunity to further develop an in-town property into its highest and best use!

Last Agent to Sell the Property

Jim Callahan

Compass License #01997946 Listed on: 05/03/2023

Last Buyer's Agent

Robert Rauchhaus

Berkshire Hathaway HomeServices California Properties License #01891927

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1973

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Irrigation
  • Property is zoned C-2

Home Design

  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,191 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Mountain Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Property is near park and shops

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 143-220-026

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Restaurant

Home Details

Home Type

Single Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Directions: Mission Drive (246), turn north on Edison Street towards the town of Santa Ynez, right on Numancia Street, turns into Faraday Street.
  • Prop. Type: Residential
  • Year Built: 1973
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level
  • Unit Levels: Two
  • Reso Other Structures: Other
  • Property Information Year Built2: 1973
  • Property Information Total #Units: 3
  • Property Information Apx # Acres: 0.34
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • Exterior:Stucco: Yes
  • Proximity Near Park(s)2: Yes
  • Construction Two Story2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • GroundsLandscaping Fenced PRT: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Construction Type: Stucco
  • Acres: 0.34
  • Topography: Level
  • Exterior Features: Deck, Patio Covered, Yard Irrigation PRT, Fenced: PRT
  • Foundation Details: Slab

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Parcel #: 143-220-026
  • Zoning: C-2
  • Lot Size Sq Ft: 14810.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Apr 21, 2023
Sold by
Duane And Gail Gower Revocable Trust
Bought by
1060 Faraday Llc
Seller's Agent
Jim Callahan
Compass
Buyer's Agent
Robert Rauchhaus
Berkshire Hathaway HomeServices California Properties
List Price
$1,995,000
Sold Price
$1,550,000
Premium/Discount to List
-$445,000
-22.31%
Current Estimated Value
$1,663,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,991
Avg. Annual Appreciation
2.63%

Purchase Details

Closed on
Aug 15, 2014
Sold by
Gower Duane A
Bought by
Duane & Gail Gower Revocable Trust and Gower Gail

Purchase Details

Closed on
Sep 12, 2013
Sold by
Gower Duane A
Bought by
Gower Duane A and Jensen Gail A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1060 Faraday Llc $1,550,000 First American Title
Duane & Gail Gower Revocable Trust -- None Available
Gower Duane A -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2023 05/03/23 Sold $1,550,000 0.0% $707 / Sq Ft
11/29/2022 11/29/22 Off Market $1,550,000 -- --
11/14/2022 11/14/22 Pending -- -- --
10/20/2022 10/20/22 Price Changed $1,695,000 -10.6% $774 / Sq Ft
09/06/2022 09/06/22 Price Changed $1,895,000 -5.0% $865 / Sq Ft
08/09/2022 08/09/22 For Sale $1,995,000 -5.0% $911 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $2,100,000 -- $958 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $20,450 $1,612,620 $1,040,400 $572,220
2024 $20,450 $1,581,000 $1,020,000 $561,000
2023 $20,450 $101,165 $38,509 $62,656
2022 $4,013 $99,182 $37,754 $61,428
2021 $3,878 $97,238 $37,014 $60,224
2020 $3,863 $96,242 $36,635 $59,607
2019 $3,741 $94,356 $35,917 $58,439
2018 $2,773 $92,507 $35,213 $57,294
2017 $2,697 $90,694 $34,523 $56,171
2016 $2,605 $88,917 $33,847 $55,070
2015 $2,512 $87,582 $33,339 $54,243
2014 $2,439 $85,867 $32,686 $53,181
Source: Public Records

Agents Affiliated with this Home

  • Jim Callahan

    Seller's Agent in 2023

    Jim Callahan

    Compass

    (805) 456-9147

    4 in this area

    37 Total Sales

    Jim Callahan
    Section Image

  • R

    Buyer's Agent in 2023

    Robert Rauchhaus

    Berkshire Hathaway HomeServices California Properties

  • Steve Golis

    Buyer Co-Listing Agent in 2023

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    1 in this area

    90 Total Sales

    Steve Golis
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1012

Santa Barbara Multiple Listing Service

APN: 143-220-026

California Santa Barbara County Santa Ynez 93460

1060 Faraday St, Santa Ynez, CA

Not Listed for Sale

Detached

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