NOT LISTED FOR SALE

1140 Faraday St Santa Ynez, CA 93460

Estimated Value: $1,201,837 - $1,501,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold January 30, 2014

Last sale price $567,000

Est. 141% increase in value since last sale

Current estimated payment $8,261/month

10 Days on Market

Highlights

  • Garage
  • Santa Ynez Elementary School Rated A-
  • 1-Story Property

About This Home

As of January 2014

Great downtown duplex in the heart of Great downtown investment property in the heart of Santa Ynez wine country. Property features two 2Bed/1Bath units with garages plus a hobby/workshop that is rented out separately. Close to post office, shops, and the best restaurants the Santa Ynez Valley has to offer. 2 Bed units have 1 car garage each and fenced yards. Rents are below market and have good upside. Rent them all out or live in one and rent the others.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 12/23/2013

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,520

Year Built

  • Built in 1962

Lot Details

  • 0.25 Acre Lot
  • Property is in good condition

Parking

  • Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 143-181-013

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $21,450
  • Gross Income $46,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,520

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1962
  • Income Expenses Annual Income: 46500.0
  • Capitalization Rate: 4.13%
  • Gross Rent Multiplier: 12.26
  • Annual Expenses: 21450.0
  • Building Stories: 1
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1962
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Foundation:Slab: Yes
  • Property Information Apx Lot SqFt: 10890.0
  • Condition Good2: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Garages: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.25
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garages

Schools

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

Lot Info

  • Parcel #: 143-181-013
  • Zoning: Other, R-2
  • Lot Size Sq Ft: 10890.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 46500.0
  • Annual Operating Expense: 21450.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2013
Closed on
Jan 22, 2014
Sold by
Faraday Associates Lp
Bought by
Hemming Mark A and Soderquist Hemming Sherry
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Steven Battaglia
Lee & Associates
List Price
$559,900
Sold Price
$567,000
Premium/Discount to List
$7,100
1.27%
Current Estimated Value
$1,364,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$797,131
Avg. Annual Appreciation
8.10%
Original Mortgage
$367,000
Outstanding Balance
$279,330
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$1,111,879
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
Hemming Mark A $567,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hemming Mark A $367,000
Previous Owner Faraday Associates Lp $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2014 01/30/14 Sold $567,000 +1.3% --
01/02/2014 01/02/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $559,900 -- --
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 $9,520 $695,055 $306,461 $388,594
2023 $9,520 $668,066 $294,561 $373,505
2022 $9,105 $654,968 $288,786 $366,182
2021 $8,913 $642,126 $283,124 $359,002
2020 $8,817 $635,542 $280,221 $355,321
2019 $8,604 $623,081 $274,727 $348,354
2018 $8,428 $610,865 $269,341 $341,524
2017 $8,278 $598,888 $264,060 $334,828
2016 $7,997 $587,146 $258,883 $328,263
2014 $5,608 $385,729 $210,125 $175,604
Source: Public Records

Agents Affiliated with this Home

  • Steve Battaglia

    Seller's Agent in 2014

    Steve Battaglia

    Battaglia Commercial Real Esta

    (805) 688-5333

    77 Total Sales

    Section Image

  • S

    Buyer's Agent in 2014

    Steven Battaglia

    Lee & Associates

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-3823

Santa Barbara Multiple Listing Service

APN: 143-181-013

California Santa Barbara County Santa Ynez 93460

1140 Faraday St, Santa Ynez, CA

This home is located at 1140 Faraday St, Santa Ynez, CA 93460 since 23 December 2013 and is currently estimated at $1,391,209. This property was built in 1962. 1140 Faraday St is a home located in Santa Barbara County with nearby schools including Santa Ynez Elementary School, Santa Ynez Valley Union High School, and Santa Ynez Valley Charter School.

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