NOT LISTED FOR SALE

Estimated Value: $1,103,000 - $1,246,000

2 Beds
1 Bath
852 Sq Ft
$1,360/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $815,000 $957 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $7,086/month

174 Days on Market

Highlights

  • Property is near an ocean
  • Property is near public transit
  • 4 Car Garage
  • Santa Barbara Senior High School Rated A-
  • Wood Flooring
  • Property is in excellent condition

About This Home

As of April 2017

Ocean breeze oasis! Sweet 1933 2br bungalow, vacant & move-in ready! + bright & sunny legal 1999 1 br apt w/spacious private deck above 2 garages & 2 carport. Major renovations 2003. On MTD bus route. Excellent tenant in mo/mo. See Res Income listing. Works for owner/occ + rental, extended family, or investment. Buyer to coop w/ 1031 exchange. Do not go on property without listing agent.

Last Agent to Sell the Property

Morton B Maizlish

Maizlish Realtors Inc. License #00842951 Listed on: 11/05/2016

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,849

Year Built

  • Built in 1933

Lot Details

  • 4,240 Sq Ft Lot
  • Lot Dimensions are 42.4x100
  • Property is in excellent condition

Home Design

  • Raised Foundation

Parking

  • 4 Car Garage
  • Carport

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

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

Additional Features

  • Wood Flooring
  • Property is near an ocean

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 017-334-015

Community Details

Overview

  • 2 Units
  • 15 Lower Eastside Subdivision

Building Details

  • Gross Income $48,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,849

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1933
  • Income Expenses Annual Income: 48240.0
  • Gross Rent Multiplier: 19
  • Monthly Income: 4020.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 4.0
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Lower Eastside
  • Carport Y N: Yes
  • Reso Flooring: Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1933
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Apx Lot SqFt: 4240.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Property Information Apx Lot Size FxD: 42.4x100
  • Parking Info Gar #24: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.1
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Gar #2, Cpt #2
  • Total Parking Spaces: 4.0

Schools

  • Elementary School: Cleveland
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-334-015
  • Zoning: R-4
  • Lot Size Sq Ft: 4240.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 48240.0
  • Total Actual Rent: 4020.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Northstar Management Co Inc
Bought by
Winchell Robert Adam and Winchell Lindsey Piper
Current Estimated Value
$1,158,736

Purchase Details

Listed on
Nov 5, 2016
Closed on
Apr 5, 2017
Sold by
Schwartz Patricia R
Bought by
North Star Management Co
Seller's Agent
Morton B Maizlish
Maizlish Realtors Inc.
Buyer's Agent
Steven Battaglia
Lee & Associates
List Price
$915,000
Sold Price
$815,000
Premium/Discount to List
-$100,000
-10.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$340,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2009
Sold by
Schwartz Patricia R
Bought by
Schwartz Patricia R

Purchase Details

Closed on
Sep 28, 1999
Sold by
Reish Eugene H
Bought by
Schwartz Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.97%

Purchase Details

Closed on
Apr 20, 1998
Sold by
Lucato Margarete
Bought by
Reish Eugene H
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
Winchell Robert Adam $980,000 First American Title
North Star Management Co $815,000 First American Title Company
Schwartz Patricia R -- None Available
Schwartz Patricia $405,000 Chicago Title Co
Reish Eugene H $226,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner North Star Management Co $340,000
Previous Owner Schwartz Patricia $218,500
Previous Owner Schwartz Patricia $215,000
Previous Owner Schwartz Patricia $414,000
Previous Owner Schwartz Patricia $153,800
Previous Owner Schwartz Patricia $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2017 04/14/17 Sold $815,000 0.0% $627 / Sq Ft
04/14/2017 04/14/17 Sold $815,000 -10.9% $957 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/20/2016 12/20/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $915,000 0.0% $704 / Sq Ft
06/29/2016 06/29/16 For Sale $915,000 -- $1,074 / 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 $9,849 $999,600 $612,000 $387,600
2023 $9,849 $909,145 $541,025 $368,120
2022 $9,504 $891,319 $530,417 $360,902
2021 $9,284 $873,843 $520,017 $353,826
2020 $9,189 $864,883 $514,685 $350,198
2019 $9,029 $847,926 $504,594 $343,332
2018 $8,901 $831,300 $494,700 $336,600
2017 $5,677 $536,337 $271,479 $264,858
2016 $5,604 $525,821 $266,156 $259,665
2014 $5,453 $507,779 $257,024 $250,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2168

Santa Barbara Multiple Listing Service

APN: 017-334-015