NOT LISTED FOR SALE

Estimated Value: $1,419,000 - $1,858,000

Studio
-- Bath
-- Sq Ft
5,227 Sq Ft Lot

Last Sold June 18, 2013

Last sale price $775,000

Est. 120% increase in value since last sale

Current estimated payment $9,743/month

14 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Carpet
  • Franklin Elementary School Rated A-
  • Patio

About This Home

As of June 2013

Bankruptcy Court overbid hearding June 4, 2013. Minimum overbid $743,000. See Docs tab for overbid instructions and motion for sale.Single level, tile roofed D’Alfonso constructed duplex set behind stone walls and hedges. Near APS on tree-lined cul de sac.. Each unit is over 800 sq. ft. and 2 bd., 1 bath. Large lot with parking in back.

Last Agent to Sell the Property

Colleen Beall

Village Properties Listed on: 03/11/2013

Last Buyer's Agent

Richard Longpre

Latitude, Inc. License #01002539

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 5,227 Sq Ft Lot
  • Back Yard Fenced
  • Property is in average condition

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Patio

Schools

  • Franklin 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

  • Stove
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 031-322-008

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $95
  • Maintenance Expense $250
  • Water Sewer Expense $140
  • New Taxes Expense $3,065

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1971
  • Maintenance Expense: 250.0
  • Income Expenses Water Expense: 140.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 3.0
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Income And Expenses Maintenance Expense: 250.0
  • Subdivision Name: Other
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1971
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Property Information Apx Lot Size FxD: 5227
  • Pets Yes: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Amenities Fncd Back: Yes
  • Amenities Patio2: Yes
  • Condition Average2: Yes
  • IncomeExpenses Taxes6: 3065.3
  • FlrWdw Coverings Vinyl2: Yes
  • Income Expenses Actual: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.12
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 3.0

Fee Information

  • Annual Water Sewer Expense: 140.0

Schools

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

Lot Info

  • Parcel #: 031-322-008
  • Zoning: R-2
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 94.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2013
Closed on
Jun 13, 2013
Sold by
Mcbeth Sandra K
Bought by
Haley Street Rentals Llc
Seller's Agent
Colleen Beall
Village Properties
Buyer's Agent
Richard Longpre
Latitude, Inc.
List Price
$725,000
Sold Price
$775,000
Premium/Discount to List
$50,000
6.9%
Current Estimated Value
$1,704,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$929,841
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Aug 27, 1996
Sold by
Melchiori Ugo L and Melchiori Vicki J
Bought by
Melchiori Mark J and Melchiori Heather S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.5%
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
Haley Street Rentals Llc $775,000 None Available
Melchiori Mark J $250,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Melchiori Mark J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2013 06/18/13 Sold $775,000 +6.9% --
03/25/2013 03/25/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $725,000 -- --
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 $9,937 $954,346 $400,208 $554,138
2023 $9,937 $917,289 $384,668 $532,621
2022 $9,588 $899,304 $377,126 $522,178
2021 $9,367 $881,672 $369,732 $511,940
2020 $9,271 $872,632 $365,941 $506,691
2019 $9,109 $855,522 $358,766 $496,756
2018 $8,980 $838,748 $351,732 $487,016
2017 $8,684 $822,303 $344,836 $477,467
2016 $8,522 $806,180 $338,075 $468,105
2014 $8,291 $778,518 $326,475 $452,043
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-807

Santa Barbara Multiple Listing Service

APN: 031-322-008