NOT LISTED FOR SALE

Estimated Value: $1,220,383 - $1,492,000

2 Beds
1 Bath
1,176 Sq Ft
$1,128/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $840,775 $715 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,961/month

20 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • Video Cameras

About This Home

As of December 2020

Dual living made possible! Purchase this home and the ''Tiny Home'' parked at the end of the driveway and live in one while renting the other. (*Each sold separately)

Main house: Turnkey and spacious 2 bedrooms/1 bathroom single family home with many upgrades and potentials. Zoned R-4. Potentially add an ADU unit. Versatile floor plan that allows you to add a second bathroom where the laundry room is located. Private and spacious front yard and back yard to enjoy the outdoor space, gardening and entertaining guests. Additionally plenty of parking on the driveway. Upgrades: New wood floors, dual pane windows, remodeled bathroom, upgraded fireplace, upgraded kitchen cabinets, countertops and appliances.

Tiny Home: 1 bedroom, full kitchen, full bathroom, 2 lofts. Lofts can be used as an office or sleeping areas. Projected monthly rent $1,800 or more.
(* Tiny Home is sold separately.)

Replace the cost of building an ADU by purchasing the "Tiny Home" in addition to the main property and have an instant rental income. Tiny Home is offered at $80,000

Last Agent to Sell the Property

Sina Omidi

Berkshire Hathaway HomeServices California Properties License #01944430 Listed on: 11/05/2020

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Lucas Martinez

Compass License #02031424

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,475

Year Built

  • Built in 1926

Lot Details

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

Home Design

  • Raised Foundation

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Video Cameras
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Open Parking

Outdoor Features

  • Property is near an ocean
  • Deck

Location

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

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 017-341-004

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,475

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Income Expenses Annual Income: 36000.0
  • Capitalization Rate: 4
  • Monthly Income: 3000.0
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Security Camera, Smoke Detector(s)
  • Reso Flooring: Carpet, Hardwood, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1926
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Security Security Camera2: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Amenities Fncd Back: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.12
  • Foundation Details: Raised

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #4
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 017-341-004
  • Zoning: R-4
  • Lot Size Sq Ft: 5227.0

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 36000.0
  • Total Actual Rent: 3000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 10, 2020
Sold by
Ghoshal Amitabh and Ghoshal Zoe M
Bought by
Reddy Kanishka
Seller's Agent
Sina Omidi
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Lucas Martinez
Compass
List Price
$850,000
Sold Price
$840,775
Premium/Discount to List
-$9,225
-1.09%
Current Estimated Value
$1,326,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,571
Avg. Annual Appreciation
10.40%
Original Mortgage
$625,500
Outstanding Balance
$559,441
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$781,975

Purchase Details

Listed on
Mar 27, 2017
Closed on
Apr 7, 2017
Sold by
Patel Jiten and Patel Uloopi
Bought by
Ghoshal Amitabh and Ghoshal Zoe M
Seller's Agent
John Nuzzolillo
Santa Barbara Brokers, Inc.
Buyer's Agent
Sina Omidi
Village Properties
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$580,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2016
Sold by
Patel Jiten and Patel Uloopi
Bought by
Patel Jiten and Patel Uloopi

Purchase Details

Closed on
Dec 2, 2010
Sold by
Ing Bank Fsb
Bought by
Patel Jiten and Patel Uloopi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2010
Sold by
Castillo Jose J
Bought by
Ing Bank Fsb

Purchase Details

Closed on
Sep 5, 2007
Sold by
Hoover Toni M
Bought by
Castillo Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.46%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 4, 1993
Sold by
Hoover Martha Lee
Bought by
Hoover James E
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
Reddy Kanishka $841,000 First American Title Company
Ghoshal Amitabh $725,000 First American Title Company
Patel Jiten -- None Available
Patel Jiten $325,000 Lawyers Title
Ing Bank Fsb $407,881 None Available
Castillo Jose J $650,000 United General Title Ins Co
Hoover James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Kanishka $625,500
Previous Owner Ghoshal Amitabh $564,000
Previous Owner Ghoshal Amitabh $580,000
Previous Owner Patel Jiten $10,000
Previous Owner Patel Jiten $412,500
Previous Owner Patel Jiten $272,500
Previous Owner Patel Jiten $440,000
Previous Owner Patel Jiten $178,000
Previous Owner Castillo Jose J $140,000
Previous Owner Castillo Jose J $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2020 12/22/20 Sold $840,775 0.0% $715 / Sq Ft
12/22/2020 12/22/20 Sold $840,775 -1.1% $715 / Sq Ft
11/25/2020 11/25/20 Pending -- -- --
11/25/2020 11/25/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $850,000 -10.1% $723 / Sq Ft
10/11/2020 10/11/20 For Sale $945,000 0.0% $804 / Sq Ft
11/01/2018 11/01/18 Rented $2,500 0.0% --
11/01/2018 11/01/18 For Rent $2,500 0.0% --
05/05/2017 05/05/17 Sold $725,000 -3.3% $616 / Sq Ft
03/27/2017 03/27/17 Pending -- -- --
03/27/2017 03/27/17 For Sale $749,900 -- $638 / 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 $9,475 $910,079 $514,154 $395,925
2023 $9,475 $874,741 $494,190 $380,551
2022 $9,143 $857,590 $484,500 $373,090
2021 $8,932 $840,775 $475,000 $365,775
2020 $8,102 $769,375 $424,483 $344,892
2019 $7,959 $754,290 $416,160 $338,130
2018 $7,845 $739,500 $408,000 $331,500
2017 $3,808 $358,766 $303,572 $55,194
2016 $3,789 $351,732 $297,620 $54,112
2014 $3,688 $339,664 $287,408 $52,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-4326

Santa Barbara Multiple Listing Service

APN: 017-341-004