NOT LISTED FOR SALE

125/129 W Pedregosa St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated Value: $1,558,000 - $1,982,000

2 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold June 24, 2016

Last sale price $900,000

Est. 94% increase in value since last sale

Current estimated payment $10,658/month

130 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • 1-Story Property
  • Santa Barbara Senior High School Rated A-
  • Property is in excellent condition

About This Home

As of June 2016

Motivated Seller! Fantastic opportunity to own 2 income producing homes on 1 lot, close to all amenities and DT Santa Barbara! These turn key Craftsman cottages feature large, remodeled kitchens & updated bathrooms, high ceilings, gorgeous wood floors & large private patios. Both homes are 2BD/1BA generating a total $4,100/mo of income. A+ location! Outstanding opportunity with potential for increased rents. Solid tenants in place.

Last Agent to Sell the Property

Hitchcock & Associates

Berkshire Hathaway HomeServices California Properties License #01932289 Listed on: 06/01/2016

Last Buyer's Agent

Tiare Barels

Village Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,696

Year Built

  • Built in 1915

Lot Details

  • 3,485

Parking

  • On-Street Parking

Home Design

  • Raised Foundation

Flooring

  • Wood
  • Stone
  • Tile

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Peabody 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

  • 1-Story Property
  • Property is in excellent condition

Community Details

  • 2 Units
  • 15 Or 20 Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 027-022-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,696

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1915
  • Monthly Income: 4100.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Building Stories: 1
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood, Stone, Tile
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1915
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • FlrWdw Coverings Stone2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Foundation Raised2: Yes
  • Parking Info Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Street

Schools

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

Lot Info

  • Parcel #: 027-022-002
  • Zoning: Other, R-4

Rental Info

  • Owner Pays: Other

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 4100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2019
Sold by
Mcmaster Mary L
Bought by
Mcmaster Mary Lee and Mary Lee Mcmaster Living Trust
Current Estimated Value
$1,744,653

Purchase Details

Closed on
Sep 21, 2017
Sold by
Pacific Capital Resources Llc
Bought by
Mcmaster Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$736,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2016
Closed on
Jun 16, 2016
Sold by
Tanory John F
Bought by
Pacific Capital Resources Llc
Seller's Agent
Hitchcock & Associates
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Tiare Barels
Village Properties
List Price
$1,150,000
Sold Price
$900,000
Premium/Discount to List
-$250,000
-21.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Tanory John F
Bought by
Tanory John F

Purchase Details

Closed on
Feb 25, 2011
Sold by
U S Bank National Association
Bought by
Tanory John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2010
Sold by
Arlington Jeffrey
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 16, 2007
Sold by
Fitzgerald Michelle L
Bought by
Arlington Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 22, 2006
Sold by
Fitzgerald Michael
Bought by
Fitzgerald Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 16, 2006
Sold by
Lerner Eugene M
Bought by
Fitzgerald Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,500
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 3, 2006
Sold by
Cardona Gilbert A
Bought by
Lerner Eugene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.76%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcmaster Mary Lee -- None Available
Mcmaster Mary L $1,242,500 Chicago Title Company
Pacific Capital Resources Llc $900,000 Chicago Title Company
Tanory John F -- None Available
Tanory John F $625,000 Servicelink
U S Bank National Association $552,500 Servicelink
Arlington Jeffrey -- Chicago Title Company
Fitzgerald Michelle L -- Chicago Title Company
Fitzgerald Michelle L -- Chicago Title Company
Lerner Eugene M $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmaster Mary Lee $702,000
Closed Mcmaster Mary L $736,500
Previous Owner Tanory John F $468,750
Previous Owner Arlington Jeffrey $768,000
Previous Owner Arlington Jeffrey $95,500
Previous Owner Fitzgerald Michelle L $676,800
Previous Owner Fitzgerald Michelle L $676,800
Previous Owner Lerner Eugene M $312,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $900,000 -21.7% --
06/04/2016 06/04/16 Pending -- -- --
01/26/2016 01/26/16 For Sale $1,150,000 -- --
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 $14,696 $1,413,748 $853,369 $560,379
2023 $14,696 $1,358,853 $820,233 $538,620
2022 $14,182 $1,332,209 $804,150 $528,059
2021 $13,856 $1,306,088 $788,383 $517,705
2020 $13,713 $1,292,697 $780,300 $512,397
2019 $13,474 $1,267,350 $765,000 $502,350
2018 $13,284 $1,242,500 $750,000 $492,500
2017 $9,690 $918,000 $550,800 $367,200
2016 $7,171 $676,410 $432,903 $243,507
2015 $7,093 $666,251 $426,401 $239,850
2014 $6,977 $653,201 $418,049 $235,152
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2016

    Hitchcock & Associates

    Berkshire Hathaway HomeServices California Properties

  • T

    Buyer's Agent in 2016

    Tiare Barels

    Village Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-237

Santa Barbara Multiple Listing Service

APN: 027-022-002

California Santa Barbara County Santa Barbara 93101 Oak Park

125/129 W Pedregosa St, Santa Barbara, CA

This home is located at 125/129 W Pedregosa St, Santa Barbara, CA 93101 since 01 June 2016 and is currently estimated at $1,744,653. This property was built in 1915. 125/129 W Pedregosa St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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